Global Cervical Cancer Diagnostic Testing Market 2019-2023
About this market
With the growth in geriatric population worldwide, the increasing age plays a significant prognostic role in the development of cervical cancer. According to the US Census Bureau, the global geriatric population (65 years and above) is expected to exceed 1.5 billion by 2050, making it approximately 16% of the total world's population. For instance, according to the CDC, in 2015, there were 1,171 cases of cervical cancer among women aged 60-64 years in the US alone. Due to the lack of early detection, several elderly women aged 65 years and above are more likely to die due to their advanced stage at diagnosis. Nevertheless, with adequate awareness and education programs, the misperception about the disease can be reduced. This will result in the higher adoption of screening, thereby leading to the increased use of diagnostic kits. Technavio’s analysts have predicted that the cervical cancer diagnostic testing market will register a CAGR of more than 6% by 2023.Market Overview
Increased adoption of HPV home testing kits
Several large companies are focused on R&D of new and innovative products that can provide accurate and instant test results at home and cut down cost burden on the patients on management of cervical cancer. In addition, the rising awareness on the importance of cervical cancer screen on time will fuel the demand for cervical cancer diagnostic market during the next five years.
Varying screening policies
The recommended screening policies for cervical cancer usually vary in different countries. Although certain professional societies and organizations have developed guidelines, efforts are needed for their uniform implementation. The difference in the target age can lead to shortcomings in terms of routine registration for the screening program, evaluation, and monitoring, which can negatively impact the adoption of cervical cancer diagnostic testing.
For the detailed list of factors that will drive and challenge the growth of the cervical cancer diagnostic testing market during the 2019-2023 period, view our report.
The market appears to be quite fragmented but will become highly concentrated with the presence of a few companies including Abbott Laboratories and BD, the competitive environment is very intense. Factors such as the growth in geriatric population and increased adoption of HPV home testing kits, will provide considerable growth opportunities to cervical cancer diagnostic testing vendors. Abbott Laboratories, BD, F. Hoffmann-La Roche, Hologic, and QIAGEN are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report - Global Cervical Cancer Diagnostic Testing Market 2019-2023
Technavio recognizes the following companies as the key players in the global cervical cancer diagnostic testing market: Abbott Laboratories, BD, F. Hoffmann-La Roche, Hologic, and QIAGEN.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growth in geriatric women population. The increasing age plays a significant prognostic role in the development of cervical cancer. Globally, the population or elderly women is increasing.”
According to the report, one driver influencing this market is the increased adoption of HPV home testing kits. Leading vendors have developed innovative home-based products that provide quick and accurate test results which helps in reducing costs for patients and management of cervical cancer.
Further, the report states that one challenge affecting this market is the varying screening policies. The recommended screening policies for cervical cancer usually vary in different countries. Although certain professional societies and organizations have developed guidelines, efforts are needed for their uniform implementation, which poses a challenge for the growth of the market.
F. Hoffmann-La Roche
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