Cancer Testing Market in the US 2015-2019
| Published: Nov 2015 | Pages: 55 | SKU: IRTNTR7931 |
Cancer testing market outlook in the US
The market in the US is experiencing a lot of transformation in healthcare coverage, which has led to increased access to healthcare, and thereby facilitating early diagnosis, preventive medicine, and personalized medicine. The increase in genetic testing for cancer by end-user segments such as hospitals, diagnostic laboratories, and academics and research institutes are expected to propel the cancer testing market growth.
Based on the cancer testing market trend analysis, this market in the US to grow at a steady rate, posting a CAGR of over 9% during the forecast period.
Changes in healthcare system are one of the major drivers influencing the market growth. The number of the US citizens covered under healthcare insurance has increased tremendously and today about 19 million citizens in the US have insurance coverage. Also, big companies provide healthcare insurance policies to their employees, which will support the growth of the market.
Segmentation of the cancer testing market in the US by technique
- Genetic testing
- Conventional testing
The year 2014 saw the dominance of conventional testing segment, accounting for a market share of more than 76% and this segment is predicted to remain at the top through 2019.
Both genetic testing and conventional testing techniques are used for testing various types of cancer, including breast cancer, colorectal cancer, prostate cancer, and others.
Competitive landscape and key vendors
The cancer testing market in the US marks the existence of many small and medium-sized vendors offering a diversified product portfolio. Large corporations are acquiring small and medium-sized manufacturers to enhance their product portfolio, which is adding to the competition.
Top vendors in this market are
- Abbott Diagnostics
- Agilent Technologies
- Beckman Coulter
- Roche Diagnostics
Other prominent vendors included in this report are Affymetrix, Bio-Rad Laboratories, Cardinal Health, Cytyc, Fujirebio Diagnostics, Johnson & Johnson, Pathway Genomics, QIAGEN, Quest Diagnostics, Quidel, and Rosetta Genomics.
Growth drivers, challenges, and upcoming trends: Cancer testing
Technavio’s market research analysts highlight the use of the mass spectrometer, an extremely sophisticated instrumentation technology, which provide accurate results with infinitesimal amounts of material and does not even require specially purified samples.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the cancer testing market in the US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the cancer testing market in the US?
- What are the key market trends impacting the growth of the cancer testing market in the US?
- What are the challenges to market growth?
- Who are the key vendors in the cancer testing market in the US?
- What are the market opportunities and threats faced by the vendors in the cancer testing market in the US?
- What are the key outcomes of the five forces analysis of the cancer testing market in the US?
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Table of Contents
- Highlights
- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Impact of US healthcare reform on cancer testing industry
- Current scenario: validating diagnostic tests
- Reimbursement structure in the US
- Prevailing issues of reimbursement policies
- Market overview
- Market size and forecast
- Five forces analysis
- Breast cancer
- Colorectal cancer
- Prostate cancer
- Other
- Competitive scenario
- Market share analysis 2014
- Other prominent vendors
- Abbott Diagnostics
- Agilent Technologies
- Beckman Coulter
- Roche Diagnostics
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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