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Precision Cancer Imaging Market Overview (2022-2032)

[250 Pages Report] The precision cancer imaging system market is expected to register a CAGR of 12% during the forecast period, up from US$ 67.8 Bn in 2022 to reach a valuation of US$ 210.58 Bn by 2032.

Sales of precision cancer imaging system is expected to rise due to the rising awareness among the patients relating to molecular foundation of cancer and rising preference for personalized treatments.

Attributes Details
Precision Cancer Imaging Market Value (2022) US$ 67.8 Bn
Precision Cancer Imaging Market Projected Value (2022-2032) US$ 210.58 Bn
Precision Cancer Imaging Market CAGR (2022-2032) 12%

The increasing occurrence of various types of cancer, such as breast, lung, prostate, and colorectal cancer, is the key reason driving the growth of the precision cancer imaging market share. A number of evolving technologies in Precision Cancer Imaging, such as clinical decision-making software, sensors, three-dimensional printing, deep learning, and artificial intelligence, are likely to boost the sales of precision cancer imaging systems.

The cost is a major issue affecting the sales of precision cancer imaging system. Precision Cancer Imaging may further overload many healthcare systems that are already under severe financial restrictions.

The demand for precision cancer imaging system is rising as it is a great procedure that is impeding the patient's access to treatment. The latest targeted pharmaceuticals that are introduced into the precision cancer imaging market are so exorbitantly costly that patients cannot afford them.

The demand for precision cancer imaging system is increasing due to the rising preference by physicians, healthcare systems, pharmaceutical agencies, patients, and the government, which is one of the most expected factors in the precision cancer imaging market's growth.

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What are the Dynamics to the Precision Cancer Imaging Market Share?

The demand for precision cancer imaging system is rising as they play a significant role in cancer detection. Furthermore, the sales of precision cancer imaging system are anticipated to grow as they provide a thorough perception of the exact location and extent of the disease.

Precision cancer imaging is a strategy for diagnosing scientific illnesses that take individual variations in hereditary and environmental factors into account. As a result, the demand for precision cancer imaging systems rises. A precision cancer imaging system provides precise information on structural or cancer-related changes. 

The sales of precision cancer imaging system are growing as they aid in the discovery of tumours and also in the evaluation of therapeutic and post-therapeutic modifications, consequences of treatments, and follow-up for the early detection of recurrence. These factors combined aid the growth of the global precision cancer imaging market share.

Furthermore, an unexpected spike in pandemic cases has raised the demand for COVID-19 diagnostic techniques and products, resulting in increased demand for precision cancer imaging systems.

According to the World Health Organization (WHO), COVID-19 will affect 163,312,429 persons worldwide in May 2021. Such a rapid increase in instances on a daily basis has accelerated the sales of precision cancer imaging systems and the use of modern diagnostic solutions to offer patients early treatment.

The demand for precision cancer imaging system is anticipated to witness growth. Furthermore, screening, early diagnosis, guiding treatment, evaluating response to therapy, and estimating the risk of disease recurrence, plays a key role in rising sales of precision cancer imaging system. 

Another prospective aspect leading to the growth of the precision cancer imaging market is the increasing incidence of various types of cancer and active research and development activities dedicated to the non-stop innovation of imaging modalities. The precision cancer imaging market share is growing at an exponential rate.

Which is the Leading Region in the Precision Cancer Imaging Market?

Due to its established health care infrastructure, awareness of early illness diagnosis, and high healthcare spending, North America accounted for a significant proportion of the precision cancer imaging market. 

The demand for precision cancer imaging system is expected to grow significantly in Asia-Pacific due to the existence of emerging markets such as India and China, as well as growing medical tourism due to low prognostic prices and hospital modernization in these countries.

Furthermore, due to the vast population pool in the area, gadget manufacturers are investing heavily in emerging markets. Germany dominates the precision cancer imaging market in Europe. South Africa is regarded as one of the most important markets in the Middle East and Africa because of the high frequency of various diseases.

Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

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Who are the Key Players in the Precision Cancer Imaging Market?

Some of the key players in precision cancer imaging market are GE Healthcare (U.S.), Hologic, Inc. (U.S.), Koninklijke Philips N.V. (Philips Healthcare) (Netherlands), Hitachi, Ltd. (Hitachi Medical Corporation) (Japan), Shimadzu Corporation (Japan), Toshiba Corporation (Japan), Siemens AG (Germany), Fujifilm Holdings Corporation (Japan), Carestream Health (U.S.), Esaote SpA (Italy) and others.

Recent Developments

  • Trivitron Healthcare, a medical device business, revealed two new innovative solutions for HbA1c and Hb variant detection in June 2021. Diabetes, haemoglobin variants, and thalassemia will all be monitored using these products.
  • The new product includes the NANO H5 and NANO H110, both of which are high-performance liquid chromatography analyzers that are fully automated. Within a forecasted timeframe in the diagnostics industry, the company will reach a new level of precision.
  • Diaceutics PLC announced the launch of DXRX – The Diagnostic Network in October 2020, with the goal of accelerating the end-to-end development of precision medicine diagnostics by reducing the time to peak biomarker test acceptance for cancer testing from years to months.

Report Scope

Report Attribute Details
Growth rate CAGR of 12% from 2022 to 2032
Base year for estimation 2021
Historical data 2015 - 2020
Forecast period 2022 - 2032
Quantitative units Revenue in USD Million and CAGR from 2022 to 2032
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered Modality, end user, region
Regional scope North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled GE Healthcare (U.S.), Hologic, Inc. (U.S.), Koninklijke Philips N.V. (Philips Healthcare) (Netherlands), Hitachi, Ltd. (Hitachi Medical Corporation) (Japan), Shimadzu Corporation (Japan), Toshiba Corporation (Japan), Siemens AG (Germany), Fujifilm Holdings Corporation (Japan), Carestream Health (U.S.), Esaote SpA (Italy) and others.
Customization scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs.

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Frequently Asked Questions

What is the Growth Outlook for the Precision Cancer Imaging Market?

The precision cancer imaging market is predicted/forecasted to register a CAGR of P% during the forecast period.

Who are the Key Players in the Precision Cancer Imaging Market?

Key players holding substantial precision cancer imaging market share include GE Healthcare (U.S.), Hologic, Inc. (U.S.), Koninklijke Philips N.V. (Philips Healthcare) (Netherlands), Hitachi, Ltd. (Hitachi Medical Corporation) (Japan), Shimadzu Corporation (Japan), Toshiba Corporation (Japan), Siemens AG (Germany), Fujifilm Holdings Corporation (Japan), Carestream Health (U.S.), Esaote SpA (Italy).

What is the Future of the Precision Cancer Imaging Market?

As per the analysis, the Precision Cancer Imaging Market share is likely to be US$ 210.58 Bn by 2032.

Which is the Key Driver in the Precision Cancer Imaging Market?

Demand for precision cancer imaging is likely to rise due to the rising awareness among the patients relating to molecular foundation of cancer and rising preference for personalized treatments

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Precision Cancer Imaging Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Imaging Technique

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) Analysis By Imaging Technique, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Imaging Technique, 2022-2032

        5.3.1. Magnetic Resonance Imaging

        5.3.2. Molecular Imaging

        5.3.3. Nuclear Medicine Scans

    5.4. Y-o-Y Growth Trend Analysis By Imaging Technique, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Imaging Technique, 2022-2032

Deep-dive segmentation will be available in the sample on request

6. Global Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By End User

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) Analysis By End User, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End User, 2022-2032

        6.3.1. Hospitals

        6.3.2. Research Laboratories

        6.3.3. Diagnostic Laboratories

        6.3.4. Academic Research Institutes

        6.3.5. Specialty Clinics

    6.4. Y-o-Y Growth Trend Analysis By End User, 2017-2021

    6.5. Absolute $ Opportunity Analysis By End User, 2022-2032

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7. Global Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021

    7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. East Asia

        7.3.5. South Asia & Pacific

        7.3.6. MEA

    7.4. Market Attractiveness Analysis By Region

8. North America Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Imaging Technique

        8.2.3. By End User

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Imaging Technique

        8.3.3. By End User

    8.4. Key Takeaways

9. Latin America Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Imaging Technique

        9.2.3. By End User

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Imaging Technique

        9.3.3. By End User

    9.4. Key Takeaways

10. Europe Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. U.K.

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Europe

        10.2.2. By Imaging Technique

        10.2.3. By End User

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Imaging Technique

        10.3.3. By End User

    10.4. Key Takeaways

11. East Asia Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

        11.2.2. By Imaging Technique

        11.2.3. By End User

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Imaging Technique

        11.3.3. By End User

    11.4. Key Takeaways

12. South Asia & Pacific Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Thailand

            12.2.1.3. Indonesia

            12.2.1.4. Malaysia

            12.2.1.5. Singapore

            12.2.1.6. Australia

            12.2.1.7. New Zealand

            12.2.1.8. Rest of South Asia & Pacific

        12.2.2. By Imaging Technique

        12.2.3. By End User

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Imaging Technique

        12.3.3. By End User

    12.4. Key Takeaways

13. MEA Precision Cancer Imaging Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Imaging Technique

        13.2.3. By End User

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Imaging Technique

        13.3.3. By End User

    13.4. Key Takeaways

14. Key Countries Precision Cancer Imaging Market Analysis

    14.1. U.S.

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2021

            14.1.2.1. By Imaging Technique

            14.1.2.2. By End User

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2021

            14.2.2.1. By Imaging Technique

            14.2.2.2. By End User

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2021

            14.3.2.1. By Imaging Technique

            14.3.2.2. By End User

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2021

            14.4.2.1. By Imaging Technique

            14.4.2.2. By End User

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2021

            14.5.2.1. By Imaging Technique

            14.5.2.2. By End User

    14.6. U.K.

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2021

            14.6.2.1. By Imaging Technique

            14.6.2.2. By End User

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2021

            14.7.2.1. By Imaging Technique

            14.7.2.2. By End User

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2021

            14.8.2.1. By Imaging Technique

            14.8.2.2. By End User

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2021

            14.9.2.1. By Imaging Technique

            14.9.2.2. By End User

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2021

            14.10.2.1. By Imaging Technique

            14.10.2.2. By End User

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2021

            14.11.2.1. By Imaging Technique

            14.11.2.2. By End User

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2021

            14.12.2.1. By Imaging Technique

            14.12.2.2. By End User

    14.13. India

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2021

            14.13.2.1. By Imaging Technique

            14.13.2.2. By End User

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2021

            14.14.2.1. By Imaging Technique

            14.14.2.2. By End User

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2021

            14.15.2.1. By Imaging Technique

            14.15.2.2. By End User

    14.16. Malaysia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2021

            14.16.2.1. By Imaging Technique

            14.16.2.2. By End User

    14.17. Singapore

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2021

            14.17.2.1. By Imaging Technique

            14.17.2.2. By End User

    14.18. Australia

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2021

            14.18.2.1. By Imaging Technique

            14.18.2.2. By End User

    14.19. New Zealand

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2021

            14.19.2.1. By Imaging Technique

            14.19.2.2. By End User

    14.20. GCC Countries

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2021

            14.20.2.1. By Imaging Technique

            14.20.2.2. By End User

    14.21. South Africa

        14.21.1. Pricing Analysis

        14.21.2. Market Share Analysis, 2021

            14.21.2.1. By Imaging Technique

            14.21.2.2. By End User

    14.22. Israel

        14.22.1. Pricing Analysis

        14.22.2. Market Share Analysis, 2021

            14.22.2.1. By Imaging Technique

            14.22.2.2. By End User

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Imaging Technique

        15.3.3. By End User

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. General Electric Company

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Koninklijke Philips N.V.

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Siemens AG

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Hologic, Inc.

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Hitachi, Ltd.

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Shimadzu Corporation

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. ESAOTE SPA

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Fujifilm Holdings Corporation

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Carestream Health

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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