Ovarian Cancer Diagnostics Market to Grow at $2 Billion by 2026 | Key Industry Players – F. Hoffmann-La Roche Ltd.; AstraZeneca plc; Siemens Healthcare GmbH and Abbott

August 27 09:36 2019
Ovarian Cancer Diagnostics Market to Grow at $2 Billion by 2026 | Key Industry Players - F. Hoffmann-La Roche Ltd.; AstraZeneca plc; Siemens Healthcare GmbH and Abbott

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global ovarian cancer diagnostics market size was estimated at USD 1.2 billion in 2018 and is expected to grow at a CAGR of 6.2% during the forecast period

The global ovarian cancer diagnostics market size is expected to reach USD 2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.2%. The growth of the market can be attributed to an increase in the prevalence of ovarian cancer and emergence of novel diagnostic products. As of 2018, ovarian cancer had the highest mortality rate of all gynecologic cancers. It accounted for nearly 14,000 deaths in the U.S. in 2018. No specific symptoms render early diagnosis of the disease increasingly difficult. The exact causative factors remain unknown, creating a key unmet need for further research to obtain clarity on the underlying molecular mechanisms.

Women aged 60 years & above have a higher predisposition to it. As it is often diagnosed in advanced stages, treatment options are limited. Moreover, on the basis of race, incidence rates were higher among Caucasian women than African-American women. The International Federation of Gynecology and Obstetrics (FIGO) system is used for staging ovarian cancer. Staging process helps identify ovarian tumors, calculate their size, and detect invasion & metastasis.

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Early detection and diagnosis significantly improve patient survival rates. For instance, in case of epithelial tumors, patients with stage 1 ovarian cancer have a survival rate of nearly 90%, whereas patients with stage 4-the most advanced phase-have a mere 15% survival rate. Technological advancements in PET and MRI as well as in diagnosis of BRCA mutations have positively impacted market growth.

The diagnostic landscape is gradually shifting toward genetic testing and counseling. As the disease bears a high risk of inheritance of gene mutation, guidelines pertaining to ovarian cancer diagnostics recommend all patients to undergo genetic counseling and testing. Earlier, BRCA1/2 was the most prominent test; however, advancements in medical science have now made it possible to test more than 20 genes in each patient.

U.S. ovarian cancer diagnostics market, by cancer type, 2015 - 2026 (USD Million)

Further key findings from the study suggest: 

  • Incidence of ovarian cancer worldwide has been declining over the past decades
  • Although ultrasound imaging is the fist-line of diagnosis, the technique cannot be used for staging the disease
  • Computerized Tomography (CT) imaging is preferred for staging the disease
  • CA125 remained the mainstay in blood test biomarkers in 2018
  • HER2 and BRCA1/2 tests are expected to witness a rapid growth during the forecast period owing to the rising awareness of early diagnosis and genetic tests
  • The ovarian cancer diagnostics market in Asia Pacific is expected to grow at a high rate during the forecast period.

Global ovarian cancer diagnostics market, by diagnosis type, 2018 (%)

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Grand View Research has segmented the global ovarian cancer diagnostics market on the basis of cancer type, diagnosis type, end use, and region:

Ovarian Cancer Diagnostics Cancer Type Outlook (Revenue, USD Million, 2015 – 2026)

  • Epithelial Tumor
  • Germ Cell Tumor
  • Stromal Cell Tumor
  • Others

Ovarian Cancer Diagnostics Diagnosis Type Outlook (Revenue, USD Million, 2015 – 2026)

  • Imaging
    • Ultrasound
    • CT Scan
    • MRI Scan
    • PET Scan
    • Others
  • Blood Test
    • CA125
    • HER2
    • BRCA
    • CEA
    • ER & PR
    • KRAS Mutation
    • Others
  • Biopsy
  • Others

Ovarian Cancer Diagnostics End-use Outlook (Revenue, USD Million, 2015 – 2026)

  • Hospital Laboratories
  • Cancer Diagnostic Centers
  • Research Institutes
  • Others

Ovarian Cancer Diagnostics Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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