China In-Vitro Colorectal Cancer Screening Tests Market Market Report 2023 to 2030

China In-Vitro Colorectal Cancer Screening Tests Market Analysis

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China In-Vitro Colorectal Cancer Screening Tests Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for In-Vitro Colorectal Cancer Screening Tests is expanding as a result of rising incidence of colorectal cancer. The rise in awareness regarding the in-vitro colorectal cancer screening test and the increased use of biomarkers are projected to proliferate the market. Some of the key players in the global In-Vitro Colorectal Cancer Screening Tests Market include Immunostics Inc., Abbott, Beckman Coulter, Inc., Sysmex Corporation, Siemens Healthcare Private Limited, Clinical Genomics Technologies Pty, Ltd., Epigenomics AG, Quest Diagnostics Incorporated, Eiken Chemical Co, Ltd., Merck KGaA, Hemosure, Inc., Novigenix SA, and Alere, Inc.

ID: IN10CNHS064 CATEGORY: Healthcare Services GEOGRAPHY: China AUTHOR: Aneri Parekh

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China In-Vitro Colorectal Cancer Screening Tests Market Executive Summary

China In-Vitro Colorectal Cancer Screening Tests Market is valued at around $69.1 Bn in 2022 and is projected to reach $122.4 Bn by 2030, exhibiting a CAGR of 7.4% during the forecast period 2023-2030.

Colorectal cancer is the 3^rd most common cancer globally. It is 2^nd most common cancer in women and 3^rd most common cancer in men. There were more than 1.9 Mn cases of colorectal cancer in 2020 and is expected to have 2.2 Mn new cases by 2030. This growing prevalence as well as new screening tests using genetic testing are anticipated to drive the market growth for In-Vitro Colorectal Screening Tests.

The incidence and mortality of colorectal cancer are significantly higher in various countries. This is primarily fueled by factors such as acceptance of Westernized food, lifestyle, and a shortage of resources in healthcare. The number of cases is anticipated to rise along with the prevalence of obesity across all age groups. The overall incidence of colorectal cancer is expected to rise in the coming years which will help the market for In-Vitro Colorectal Cancer Screening Tests to grow.

Pharmaceutical and biotechnology firms like Immunostics Inc., Abbott, Beckman Coulter, Inc., Sysmex Corporation, Siemens Healthcare Private Limited, Clinical Genomics Technologies Pty, Ltd., Epigenomics AG, Quest Diagnostics Incorporated, Eiken Chemical Co, Ltd., Merck KGaA, Hemosure, Inc., Novigenix SA, and Alere, Inc., are some of the major players in the In-Vitro Colorectal Cancer Screening Tests Market.

To reduce the disease burden and lower the colorectal cancer mortality rate, it is crucial to diagnose it early using In-Vitro Colorectal Cancer Screening Tests. Regular screening is required for early detection, leading to the growth of the market.

Due to the constantly expanding demand for non-invasive tests that are quick and efficient, diagnostic tools have experienced a radical transformation in recent decades. These requirements must be met in order for the tools to be relatively easier to use and to encourage better patient compliance and test outcomes. They don't subject a patient to any dietary restrictions and are simpler for medical personnel to use. Therefore, the expansion of the global market for In-Vitro Colorectal Cancer Screening Tests has been greatly aided by the increased availability of non-invasive surgical and diagnostic procedures.

Market Dynamics

Drivers of China In-Vitro Colorectal Cancer Screening Tests Market:

Growing Incidence of Colorectal Cancer: The increased cases of colorectal cancer leading to a higher number of screening tests is expected to grow the market for In-Vitro Colorectal Cancer Screening Tests.

Improvements in Colorectal Cancer Screening: In-Vitro Colorectal Screening Tests have made advancements in terms of non-invasive or minimally invasive screening tests boosting the growth of the market.

Cost-efficient and High-Speed DNA Sequencing: The consumption of In-Vitro Colorectal Cancer Screening Tests has raised with industrial genetics advancements, using DNA sequencing with high speed and at low costs, propelling the growth of the market.

Increasing Cancer Prevention Initiatives: Cancer prevention initiatives, especially by the government, are projected to grow the market for In-Vitro Colorectal Cancer Screening Tests.

Restraints of China In-Vitro Colorectal Cancer Screening Tests Market:

High Cost of Screening Tests: A lot of hospitals are unable to invest in In-Vitro Colorectal Cancer Screening Tests due to tight budgets and high expenses, hampering the growth of the market.

Strict Regulations: Stringent regulatory methods and pressure make it difficult for the market for in In-Vitro Colorectal Cancer to grow, especially for new companies trying to enter the market.

Key players

Shanghai Fosun Pharmaceutical Group Co., Ltd. BioChain Institute Inc. Kindstar Global (Beijing) Technology Co., Ltd. OriGene Technologies, Inc. Amoy Diagnostics Co., Ltd. GeneTech Biotechnology Co., Ltd. DaAn Gene Co., Ltd. (subsidiary of Sun Yat-sen University) CapitalBio Corporation BGI Group Amoy Diagnostics Co., Ltd.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For China In-Vitro Colorectal Cancer Screening Tests Market

By Test Type:

Fecal Occult Blood Test
Biomarker Test
CRC DNA Screening Test
Guaiac FOB Stool Test
Immuno-FOB Agglutination Test
Lateral Flow Immuno-FOB Test
Tumor M2-PK Stool Test
Transferrin Assays
Methylated Gene Test
Panel DNA Test

By Imaging Type:

Colonoscopy
Proctoscopy
CT Scan
Ultrasound
MRI
PET Scan

By Application:

MarCarePlex
Cologic
Colox
miRDIGN
PanCDx
MeSorce CRC

By End-user:

Hospitals
Clinics
Diagnostic Laboratories
Ambulatory Surgical Centers

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.