LONDON--(BUSINESS WIRE)--The global in-vitro colorectal cancer screening tests market size is poised to grow by USD 219.61 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 6% over the forecast period.
Read 127 page research report with TOC on "In-vitro colorectal cancer screening tests Market Analysis Report by end-user (hospitals, clinical diagnostic laboratories, and others) and geography (the Americas, APAC, and EMEA) 2019 - 2023" at https://www.technavio.com/report/global-in-vitro-colorectal-cancer-screening-tests-market-industry-analysis?
The market is driven by the growing awareness programs and government initiatives. In addition, the presence of innovative products is anticipated to further boost the growth of the in-vitro colorectal cancer screening tests market.
The growing prevalence of colorectal cancer has pushed government bodies and other organizations to conduct awareness programs to raise awareness about colorectal cancer screening. Moreover, the government in the US is undertaking initiatives such as the Colorectal Cancer Control Program (CRCCP) and insurance policies such as Medicaid and Medicare to provide colorectal screening tests to several patients. Thus, growing awareness programs and government initiatives will have a significant impact on the growth of the market.
With the aim to establish their brand in the market, vendors are introducing products with improved features and specific manufacturing standards. For instance, NOVIGENIX launched a new generation blood-based test, called Colox, for the early detection of colorectal cancer. Such product offerings help in the timely diagnosis and subsequent medical intervention to ensure better outcomes. Thus, the presence of innovative products in the market will fuel market growth during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Quest Diagnostics
Market Segmentation by End-User:
The in-vitro colorectal cancer screening tests market can be broadly categorized into the following segments:
- Clinical diagnostic laboratories
Key Regions for the In-vitro colorectal cancer screening tests Market:
Featuring a breakdown of region-wise market shares until 2019.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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