Weight Management Market Size Worth $442.3 Billion By 2025

The global weight management market size is expected to reach USD 442.3 billion by 2025, according to a new report by Grand View Research, Inc. Rising number of overweight and obese population coupled with rising popularity of various commercially available solutions is fueling the growth.

Increasing initiatives undertaken by market players in collaboration with the government to raise awareness about the adverse impact on health due to obesity are further anticipated to drive the market demand. The overweight and obese population are more prone to chronic diseases including diabetes, hypertension, and orthopedic diseases. Thus, rising awareness about weight management techniques is driving the market growth.

Thanks to westernization and urbanization, there is an increasing preference toward processed food as an alternative to home-cooked food. The increase in number of nuclear families coupled with a rise in the working population have fueled the demand for easily accessible & inexpensive fast food and takeaway meals. According to Statista, in 2015, revenue of fast food industry in the U.S was 203.2 billion. A hectic schedule coupled with increasing stress are resulting in higher intake of outside and takeaway food. This trend is anticipated to trigger the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/weight-management-market

Further key findings from the report suggest:

  • The growing prevalence of obesity primarily due to sedentary lifestyle and lesser physical activities is augmenting market growth
  • The rising awareness of available solutions for weight loss and management is driving the growth
  • In diet, the beverage segment holds the largest share owing to increasing consciousness amongst people about their eating habits and adoption of general & personalized diet plans for better metabolism and losing the extra weight. Whereas, rising popularity of supplements, shake mix, tablets, and capsules are projected to grow over the forecast period
  • Fitness equipment such as cardiovascular training, strength building, and other equipment used in maintaining the weight account for the largest share in weight management
  • Increasing R&D for developing minimally invasive and noninvasive equipment are anticipated to increase the usage of surgical equipment over the forecast period
  • The fitness center services segment held the largest share of market, however with digitalization, online weight loss services are anticipated to grow over the forecast period
  • In 2016, North America dominated the global weight management market with the largest revenue share of over 46.0%, due to the rising overweight population and commercial availability of minimally invasive procedures and noninvasive equipment
  • Asia Pacific is expected to emerge as the fastest growing region during the forecast period, primarily due to growing awareness about the importance of losing & management of extra weight in order to avoid adverse health effects coupled with improving healthcare infrastructure and emerging medical tourism
  • Some of the major players are Herbalife International, Inc.; NutriSystem, Inc.; Weight Watchers International, Inc.; eDiets.com; BRUNSWICK CORPORATION; Ethicon US, LLC; and GOLD’S GYM

Hyaluronic Acid Market Size Worth $16.6 Billion By 2027

The global hyaluronic acid market size is expected to reach USD 16.6 billion by 2027, expanding at a CAGR of 8.1%, according to a new report by Grand View Research, Inc. Factors such as increasing concern of population regarding chemicals, desire to get quick and evident results, and shorter recovery time are high impact rendering drivers of this market.

The market is evolving rapidly due to the increasing adoption of aesthetic procedures in developed and developing regions. Increasing use of hyaluronic acid surfaces in cardiovascular implants, such as stents and vascular grafts, for improving the compatibility coupled with growing awareness about anti-aging products is fueling the growth. The efficacy and evident results of hyaluronic acid based dermal fillers are attracting this population base.

The global increase in population also results in an increased demand for antiaging cosmetic and aesthetic treatments. Owing to its distinctive viscoelastic and moisturizing properties coupled with lower toxicity levels, hyaluronic acid products are directly affected by growing demand for minimally invasive antiaging solutions. The minimal adverse effects, lower pain, shorter recovery time, and lesser postsurgical complications make minimally invasive surgeries significantly attractive.

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https://www.grandviewresearch.com/industry-analysis/hyaluronic-acid-market

Further key findings from the study suggest:

  • The osteoarthritis segment held the largest share in 2019. In 2013, more than 27 million people were suffering from osteoarthritis. Viscosupplements are gaining popularity as a cure in pain management. Use of hyaluronan as a treatment for osteoarthritis has been approved by the U.S. FDA in 1997 and has gained substantial market share
  • The rising obesity resulting in osteoarthritis and joint pain has increased the demand for hyaluronic acid injections as treatment. With the prevailing consumer trend, which favors convenience over higher costs, companies such as Genzyme (Sanofi-Aventis) and Zimmer have launched single-injection products. The 2014 FDA approval for single-injection treatment “MONOVISC” is expected to further fuel the growth of the single-injection product segment
  • Cosmetic surgeries are booming with approximately 14 million minimally invasive procedures performed every year. In 2013, hyaluronan-based facial fillers received FDA approval, which is used in corrective measures, anti-aging procedure, and filling fine lines. These dermal fillers constitute a large share in these procedures and witnessed 8% growth in the year 2014
  • Growing preference for short-treatment regimens, even though high priced, and growing prevalence of target diseases, such as osteoarthritis, are high impact rendering factors that can be attributed for the large share of this region. In 2019, the most lucrative applications of hyaluronic acid in the North American region were in the form of dermal fillers and viscosupplements for management of osteoarthritis
  • Hyaluronic acid market in Asia Pacific region is anticipated to emerge as the fastest growing region during the forecast period. The growing geriatric population in China and Japan provides a large customer base for anti-aging products and services. Increasing awareness about applications of hyaluronan and its efficacy fuels the demand. In addition, stabilizing economies leaves the middle-class population with surplus money to spend on these procedures
  • The industry is presently dominated by key participants such as F. Hoffmann-La Roche Ltd.; Seikagaku Corporation; Galderma S.A; Sanofi (Genzyme); Anika Therapeutics Inc.; Salix Pharmaceuticals; Zimmer Holdings Inc.; Allergan Inc.; Ferring Pharmaceuticals, Inc.; and Smith & Nephew Plc.

Vascular Grafts Market Size Worth $3.30 Billion By 2026

The global vascular grafts market size is projected to reach at USD 3.30 billion by 2026 expanding at a CAGR of 6.4%, according to a report by Grand View Research, Inc. Endovascular stent grafts dominated the market in 2018 and is expected to be the second fastest-growing segment over the forecast period. Increasing prevalence of cardiovascular aneurysms is the leading cause of rise in demand for endovascular stent grafts. Low levels of physical activity, sedentary lifestyle, and substance abuse are some of the key factors leading to the high prevalence of renal and Cardiac Diseases (CVDs) globally. The impact of these factors is especially high in developed economies, such as North America and Europe. However, it is expected to shift towards emerging regions, such as Asia Pacific and Latin America, owing to changing demographics.

Key factors attributed to higher impact in these countries are increasing prevalence of aforementioned diseases in geriatric population, rising disposable income, and changing lifestyle patterns. Polytetrafluoroethylene (PTFE) raw material segment led the global market in 2018 with a revenue of USD 710.3 million. The segment is anticipated to expand at the fastest CAGR over the forecast period on account of PTFE graft’s advantages, such as protection against delamination and minimal blood loss. Asia Pacific is expected to be the fastest-growing market with a CAGR of 7.5% over the forecast period due to increasing public and private healthcare expenditure and availability of healthcare insurance across urban and rural centers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/vascular-graft-market

Further key findings from the study suggest:

  • Endovascular stent grafts led the market in 2018 as a result of increased prevalence of cardiac aneurysms caused due to sedentary lifestyle and other occupational factors
  • PTFE grafts led the raw materials segment in 2018 owing to their advantages, such as minimal blood loss and maximum protection against delamination
  • Moreover, technological advancements in PTFE-based products is anticipated to drive the segment further
  • North America was the dominant regional market with a revenue of USD 620.9 million owing to high prevalence of CVDs and kidney diseases
  • The region is projected to maintain the dominance in future due to the presence of advanced healthcare facilities and reimbursement policies
  • Some of the key companies in this market include Medtronic, plc; LeMaitre Vascular Inc.; Terumo Corp.; Getinge AB; W.L. Gore and Associates, Inc.; and Cook Medical, Inc.
  • These companies focus on technological innovations, new product launches, and regional expansion to gain a competitive edge

Intraoperative Neuromonitoring Market Worth $3.6 Billion By 2025

The global Intraoperative Neuromonitoring market size is expected to reach USD 3.6 billion by 2025, based on a new report by Grand View Research, Inc. The market is anticipated to witness significant growth in the forecast period, which can be attributed to the hospitals adopting intraoperative monitoring in a wide spectrum of surgeries.

Major surgeries pose a risk to the nervous system that necessitates neuromonitoring. This has resulted in the growing popularity of intraoperative neuromonitoring (IONM) amongst surgical teams, surgeons, and hospitals. It results in reduced cases of revision surgeries, postoperative complications, and permanent impairment.

Industry players are acquiring smaller companies to expand their product offerings and geographical presence. For instance, in June 2016, Biotronic NeuroNetwork, LLC, headquartered in Michigan, was acquired by NuVasive, Inc., in a transaction worth USD 98 million.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/intraoperative-neuromonitoring-market

Further key findings from the study suggest:

  • Insourced IONM dominated the market in 2015, which is attributed to the rising number of surgeries and emphasis on patients during the procedures. IONM is utilized to minimize the neurological morbidity caused by operative manipulations. This offers detection of injuries during the operation and minimizes the risk of permanent nerve damage. Hospitals have adopted intraoperative monitoring and have trained technologists, who are supervised by neurologists and physiologists during the procedures.
  • Outsourced IONM is also gaining popularity and is expected to grow at a rapid rate over the forecast period Hospitals and healthcare centers choose to outsource their IONM needs due to benefits such as cost-efficiency and availability of focused service providers.
  • Geographically, North America dominated the industry in 2015 and is expected to maintain its position during the forecast period. It is accepted as a standard of care by the medical community in this region due to its benefits. New neurosurgeons and orthopedic surgeons are being trained to adopt this technique during procedures.
  • Asia Pacific is anticipated to observe the fastest growth over the coming years. The rising number of surgeries, developing economies, growing capacity of patients to bear expenses, and the presence of a large patient pool are few factors contributing to this growth.
  • Prominent players operating in the intraoperative neuromonitoring market include are Biotronic NeuroNetwork, LLC; Medtronic; Accurate Monitoring; NuVasive Inc.; Natus Medical Incorporated; SpecialtyCare; Sentient Medical Systems; and NeuroMonitoring Technologies, Inc.

Automotive HVAC Market Worth $28.95 Billion By 2025

The global automotive HVAC market size is estimated to reach USD 28.95 billion by 2025, according to a study by Grand View Research Inc., expanding at a CAGR of 8.6% during the forecast period. The market is driven by increasing development of innovative, fuel-efficient, and eco-friendly HVAC solutions coupled with surging global demand for passenger vehicles. Rising disposable income and growing inclination towards more luxurious and comfortable travel are anticipated to foster the growth of the automotive HVAC market.

In the current scenario, an automotive HVAC unit has become an integral part of passenger vehicles, offering comfort features that influence consumer buying behavior. Rising concerns regarding global warming are leading to an increase in temperature levels, which in turn is resulting in increased demand for enhanced interior environment and comfort. Technological innovations and substantial investments in R&D activities are leading to the innovation of fuel-efficient and eco-friendly HVAC units coupled with innovative designs to lower the weight and size of systems for better adaptability.

Spiraling demand for private vehicles owing to the flourishing car rental industry and rising average time spent on vehicles is expected to boost the growth of the market. Additionally, affordable automobile finance schemes and increasing preference to use private vehicles rather than public transport can also favor the growth of the automotive HVAC market. Asia Pacific is anticipated to dominate the global market throughout the forecast horizon owing to the presence of key automobile manufacturers coupled with a broader consumer base boosting vehicle demand. Rising concerns about the environmental effects of refrigerants and high maintenance costs can hinder the growth of the automotive HVAC market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/automotive-hvac-market

Further key findings from the report suggest:

  • Passenger car is likely to dominate the market through 2025. Increasing personnel mobility needs and growing urbanization will contribute to the growth of the segment
  • Macroeconomic conditions and regulations such as the mining ban in India may affect the demand for Heavy Commercial Vehicle (HCV). Increasing demand for LCVs, particularly in rural areas, is projected to supplement the growth of the segment
  • The burgeoning popularity of electric or hybrid vehicles can also positively influence the growth of the market. Increasing adoption of premium automobile brands in countries such as India and China are estimated to bolster the growth of the market
  • Asia Pacific is poised to progress at the highest CAGR during the forecast period owing to the rising middle-class population and increasing disposable income. There has been a sharp rise in the number of vehicles produced in China over the last decade, with more than 23 million vehicle productions in 2014, which accounted for 27.0% of the global production
  • The key industry participants include Hanon Systems, Denso Corporation, Valeo Group, Mahle Behr GmbH, and Japan Climate Systems Corporation
  • Other prominent vendors include Johnson Electric, Sanden Holdings Corporation, Air International Thermal Systems, Engineered Plastic Components, Calsonic Kansei, Brose Fahrzeugteile GmbH & Co. Kg, DelStar Technologies, and Sensata Technologies.

Automotive Electronic Control Unit Market Worth $84.29 Billion By 2025

The global automotive electronic control unit market size is expected to reach USD 84.29 billion by 2025, growing at a 4.4% CAGR over the forecast period, according to a study conducted by Grand View Rese0arch, Inc. The increasing demand for hybrid and luxury vehicles, rising deployment of infotainment systems, and growing preference for ADAS and automated safety systems are fueling the demand for automotive electronic control units (ECUs). Additionally, a growing number of functionalities to control several electronic components in the vehicle such as, dashboard instruments, engine, telematics, and powertrain, has also resulted in significant growth in the average number of ECUs used per vehicle.

Moreover, the governments and regulatory bodies are mandating the installation of several safety systems in a vehicle, such as adaptive cruise control, adaptive front lighting, and anti-lock braking system, among others, to increase road safety. Recently, the AUTOSAR Alliance has been formed to standardize the approach of the designing and developing of layers between ECU hardware and application software. Additionally, in April 2016, the European New Car Assessment Programme (NCAP) was launched to reduce the risk of accidents by mandating the integration of lane-departure warning and anti-lock braking systems in vehicles during their production phase. This is anticipated to make the integration of hardware and software more scalable and flexible.

Furthermore, the automotive ECU market directly depends upon the automotive production across the globe. Thus, the increasing automotive production across emerging economies would fuel the demand for automotive ECUs over the forecast period. Several government initiatives to mandate the installation of advanced safety systems in vehicles, coupled with the growing preference of consumers for luxury and hybrid vehicles are the key factors boosting the research & development spending on automotive ECUs. For instance, In October 2017, NXP Semiconductors N.V. revealed NXP S32 platform, an all-new control and compute concept for electric, autonomous and connected cars.

The Asia Pacific region dominated the market in 2018, a trend that is expected to continue over the forecast period. This is attributed to the significant investments in the automotive industry in emerging countries, such as China, South Korea, Japan, and India. Additionally, the Chinese market is estimated to reach USD 36.65 billion by 2025, growing at a CAGR of 9.5% from 2019 to 2025. Continuous technological innovations to reduce the ECU count per vehicle is also expected to create substantial opportunities in the Asia Pacific region.

The North American market is projected to expand at a considerable CAGR over the forecast period owing to several regulations and declarations made by the governments in the region to positively influence the demand for electric vehicles. For instance, the Californian government has set up a target of reaching 1.5 million zero-emission vehicles, thus boosting the regional demand.

Some of the key players operating in the market are Altera (Intel Corporation), Autoliv Inc., Continental AG, Delphi Technologies, Denso Corporation, Hyundai Mobis, NXP Semiconductors N.V., Robert Bosch GmbH, Valeo Inc., and ZF Friedrichshafen AG, among others. The global automotive ECU market is consolidated with the presence of a few players holding a majority share of the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/automotive-ecu-market

Further key findings from the report suggest:

  • The ADAS & safety systems application segment is anticipated to dominate the automotive electronic control unit market owing to stringent government regulations and rising consumer awareness pertaining to safety features in vehicles. The segment is estimated to reach USD 27.6 billion by 2025.
  • The Internal Combustion Engine (ICE) vehicles segment is estimated to hold a majority share of the market owing to the increasing production of vehicles in emerging economies.
  • The 32-bit segment held the largest market share of 91.0% in 2018. This share is expected to decline over the forecast period due to the rising demand for 64-bit ECUs to integrate advanced electronic functions in the vehicle.
  • The passenger car segment held the largest market share of 86.9% in 2018. This share is estimated to increase over the forecast period owing to the growing consumer preference for luxury and hybrid vehicles with advanced electronic and safety systems.
  • The Asia Pacific regional market is estimated to account for 62.8% of the overall automotive ECU industry in 2018, owing to the increasing production of vehicles in emerging economies, such as China, India, South Korea, and so on.
  • Prominent market players include Autoliv, Inc., Delphi Technologies, Denso Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG.

Smart Cities Market Size Worth $463.9 billion By 2027

The global smart cities market size is expected to reach USD 463.9 billion by 2027, registering a CAGR of 24.7% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. Smart cities encapsulate a significant number of different domains and application areas that are enhanced with technological advancements and their effective use to provide services to people. Be it a major tourism hub or a small community striving to become sustainable, smart city solutions have found their way in diverse areas of an urban lifestyle. The demand for these solutions is anticipated to be on the rise, owing to a number of factors such as growing urban population and the need to better manage limited natural resources for environmental sustainability. Rapid urbanization, aging infrastructure, and adoption of new technology, coupled with the need for improved quality of life, are also driving the market growth.

Smart cities address a diverse set of problems, such as efficient transportation, smart and enhanced buildings and homes, optimum energy utilization, and better administrative services. The increasing adoption of novel technologies that complement the management of cities in the future is also a major catalyst for the market growth. The market would also benefit from initiatives taken by national and regional governments, residents, and local businesses to implement projects and tend toward cities’ problems.

Smart city market encompasses several sectors such as healthcare, transport, water, assisted living, security, and energy and their implementation varies from city to city due to the technological penetration in the region. The high amount of initial financial investments, need for the consolidation of different departments and sectors, and lack of a systemic approach may have a negative impact on the industry growth. Nevertheless, the market is anticipated to grow rapidly in the coming years, which would be driven by the availability of technology and an all-inclusive participation of industry stakeholders.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-cities-market

Further key findings from the study suggest:

  • Communication infrastructure and web-based services are anticipated to play a major role toward global adoption of this solution. The inevitable consolidation of services, infrastructure, data, and sensors would significantly help adopt advanced solutions for these cities. The major hindrance in the adoption and implementation of these technologies include concerns regarding the privacy and security of data
  • Attempts have also been made at developing consortia to support and standardize the market globally; however, this is limited to certain regions and application areas due to the lack of a systemic approach
  • The industry is witnessing different forms of investment scenarios, such as Build Operate Transfer (BOT), Build Operate Manage (BOM), and Build Operate Own (BOO), which are gaining traction as the major financial funding measures for these cities. The BOM model for investment and management is gaining popularity due to ease of operation and control over the infrastructure that it offers to interested parties
  • Key participants in the smart cities market include ABB Limited; Accenture; Cisco Systems, Inc.; Schneider Electric SE; Siemens AG; IBM Corporation; General Electric Company; and Microsoft Corporation; Hitachi, Ltd.; Honeywell International Inc.; Intel Corporation; Oracle Corporation; Huawei Technologies Co. Ltd.; and Johnson Controls International plc. The industry is also marked with a growing number of collaborations between governments and companies to develop and implement pilot projects.

Rapid Urbanization Coupled With Need To Minimize Water Losses Is Expected To Drive The Global Smart Water Management Market

According to a new study by Grand View Research, Inc., water management has emerged as a significant priority for governments and water utilities, which is expected to fuel the global smart water management market. Infrastructure revitalization, growing population, fluctuating climate, and rise in water shortage issues are also some of the key forces driving the market growth. Although water management and conservation practices are continuously evolving, the aforementioned forces have spurred demand for smart technology solutions for more efficient and sustainable water systems.

Technological advancements enable water utility operators to proactively control and manage distribution systems and enhance efficiency, which is expected to favorably impact the market. The proliferation of cloud-based solutions to monitor distribution networks provides opportunities for market growth. Concerns among water utilities regarding the adoption of these solutions may pose a challenge to the market. Low adoption of smart water management systems by several water utilities owing to high investments is also expected to hinder the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-water-management-swm-market

  • Devices accounted for over 35% of the overall smart water management market, and emerged as the most dominant segment in 2013. Solutions are expected to be a high growth segment, which can be attributed to the development of cloud-based solutions for efficient monitoring of distribution networks.
  • Increasing adoption of cellular network technology in Automatic Meter Reading (AMR) is expected to drive market growth. The segment is also expected to grow faster than the global average over the next few years.
  • On account of favorable government initiatives including incubation facilities, financial incentives, and demonstration sites, North America was leading the regional market in 2013. Increasing investments in the U.S. water sector is expected to positively impact regional market growth over the forecast period.
  • Key market participants include Schneider Electric, Sensus, General Electric, IBM Corporation, and ABB Ltd. Strategic partnerships due to high investments and increasing competition are expected to be key growth strategies over the next six years.

Aesthetic Medicine Market Worth $103.4 Billion By 2026

The global aesthetic medicine market size is expected to reach USD 103.4 billion by 2026, exhibiting a CAGR of 8.9% during the forecast period, according to a new report by Grand View Research, Inc. Some key market drivers are rise in aging population, disposable income, and awareness about the efficacy of aesthetic treatments.

People aged between 25 and 65 years have prominent aging signs, such as wrinkles, fine lines, and dark spots. Rise in geriatric population is likely to boost the demand for aesthetic medicine due to significant rise in the number of target consumers. Moreover, the need for improved aesthetics in the working class population is likely to drive the demand over the forecast period. Improving employment rate, especially in the emerging markets, is anticipated to drive the demand for aesthetic medicine over the forecast period.

However, the presence of stringent regulatory framework to ensure product safety and efficacy is one of the primary factors limiting growth of the global aesthetic medicine market. Lack of skilled professionals required to perform surgical and minimally invasive procedures coupled with the growing overall treatment cost, is expected to hinder the market growth in the forthcoming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/medical-aesthetics-market

Further key findings from the report suggest:

  • Non-invasive procedures segment is expected to maintain its dominance throughout the forecast period. Growing preference for minimally or non-invasive cosmetic surgeries over invasive cosmetic surgeries attributed to various factors, such as lower costs, minimal trauma and incision, faster recovery, and low risk of complications is anticipated to fuel the segment growth
  • Botox injections, chemical peels, and soft tissue fillers are some of the most frequently performed non-invasive procedures to address some common issues, such as wrinkles, pigmentation, vascular conditions, loss of skin tone, and dull skin
  • Breast augmentation and nose reshaping in the invasive procedures segment are anticipated to witness rapid growth in the forthcoming years owing to availability of a rising number of advanced technologies and skilled surgeons
  • Asia Pacific is anticipated to witness rapid growth over the forecast period, owing to the presence of a large target population pool between 25 to 65 years in China and India and improving standards of living in the region
  • Some of the key players operating in the global market include Allergan, Inc.; Alma Laser; Cynosure; Galderma S.A.; Lumenis; Johnson and Johnson; Solta Medical, Inc.; and Syneron Medical Ltd.

In-Vitro Colorectal Cancer Screening Tests Market Is Expected To Reach USD 840.5 Million In 2022

The global market for In-Vitro Colorectal Cancer Screening Tests is expected to reach USD 840.5 million by 2022, according to a new study by Grand View Research, Inc. Increasing incidences of colorectal cancer and the development of novel CRC screening tests employing methods of genetic screening are some primary factors expected to drive market growth over the forecast period. The implementation of government regulations introducing compulsory application of cancer screening tests, introduction of minimally invasive tests which screen for CRC using DNA and genomic biomarkers, and the presence of high unmet needs are expected to fuel the growth of the in-vitro colorectal cancer screening tests market over the forecast period.

Apart from the already present genetic tests for CRC screening in the market, this segment of the market is relatively new and still in its nascent stages. Many biomarker tests are still under investigational research and yet others in their development phase. The major market players have significant products related to colorectal cancer screening using biomarkers and DNA screening in their development and approval pipelines which are expected to be fully commercialized within the next seven years. The introduction of these novel genetic tests in the market is expected to enhance revenue generation in the market and positively influence penetration rates.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/in-vitro-colorectal-cancer-screening-tests-market

Further key findings from the study suggest:

  • The in-vitro colorectal cancer screening tests market was found to be dominated by fecal occult blood tests owing to their higher usage rates and easy applicability to large groups of population at once for cancer screening. The more conventional guaiac FOB stool test, even though still occupy a significant share of the market, are expected to lose market share to their counterpart FOB tests which involve immunological testing along with the conventional testing.
  • The investigation and development of newer more accurate methods for colorectal cancer screening have led to the development of biomarker and DNA screening tests. Tumor M2-PK Stool test is currently the most widely used screening test among biomarker and DNA screening tests and is expected to gain revenue share over the forecast period.
  • North America accounted for the largest share of the in-vitro colorectal cancer screening tests market in 2014 owing to high incidences of colorectal cancer and presence of a large base of geriatric population in the region.
  • Europe accounted for a significant market share in 2014 owing to the presence of high cancer prevalence levels in the region. Colorectal cancer is the second most common cancer in both men and women after lung and breast cancer. Commission of the European Communities has estimated that 500 million screening examinations are expected to be conducted for colorectal and cervical cancer in the publicly mandated programmes in EU from 2010 to 2020.
  • Key participants of the in-vitro colorectal cancer screening tests market include Randox Laboratories, Sysmex, Immunostics, Beckman Coulter, Abbott Molecular, Epigenomics, Alere, Siemens Healthcare, Eiken Chemical, Kyowa Medex, Quest Diagnostics, Oncocyte, Companion Dx, Merck Millipore, ExiQon, Mode Diagnostics, and R-Biopharm.