Data Bridge Market Research Published Latest Colorectal Cancer Diagnostics Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the study considers important factors such as an analysis of the market, a definition of the market, market segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology.

Increasing global awareness about colorectal cancer has enhanced the market demand. The rising healthcare expenditure for better health services also contributes to the market's growth. The major market players focus on various service launches and approvals during this crucial period. In addition, the increase in improved diagnostic processes and techniques also contributes to the rising demand for colorectal cancer diagnostics testing.

Global colorectal cancer diagnostics market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.4% in the forecast period of 2023 to 2030 and is expected to reach USD 6,701.27 million by 2030 from USD 3,526.29 million in 2022.

View Detailed Report@ https://www.databridgemarketresearch.com/reports/global-colorectal-cancer-diagnostics-market 

Colorectal cancer starts in the colon or the rectum. Depending on where they start, these cancers can also be called colon cancer or rectal cancer. Colon cancer and rectal cancer are often grouped because they have many features in common. Colorectal cancer is a disease in which cells in the colon or rectum grow out of control. Sometimes it is called colon cancer, short. The colon is the large intestine or large bowel. The rectum is the passageway that connects the colon to the anus.

Sometimes abnormal growths, called polyps, form in the colon or rectum. Over time, some polyps may turn into cancer. Screening tests can find polyps so they can be removed before becoming cancer. Screening also helps find colorectal cancer early, when treatment works best.

Drivers

• Growing prevalence of colorectal cancer

Colorectal cancer is sometimes called colon cancer, which is a term that combines colon cancer and rectal cancer, which begins in the rectum. Colon cancer typically affects older adults, though it can happen at any age. It usually begins as small, noncancerous (benign) clumps of cells called polyps forming inside the colon. Over time some of these polyps can become colon cancers.

In 2022, according to the American Cancer Society's (ACS) publication, the number of colorectal cancers in the United States for 2023 was 106,970 new cases of colon cancer, 46,050 new cases of rectal cancer, and overall, the lifetime risk of developing colorectal cancer is about 1 in 23 for men and 1 in 26 for women.

• Rise in the number of patients suffering from diverticulitis and ulcerative colitis.

Diverticulitis refers to inflammation of the diverticula, which are small pouches that form in the colon lining. Ulcerative colitis (UC) is an inflammatory bowel disease (IBD) where people develop inflammation and ulcers in the lining of the large intestine. Treatment options include antibiotics, a temporary, clear liquid diet, pain relief medication, and surgery to remove part of the colon for a few cases only.

In June 2022, according to the information provided by National Center for Biotechnology Information (NCBI), Ulcerative colitis has an incidence of 9 to 20 cases per 100,000 persons per year. Its prevalence is 156 to 291 cases per 100,000 persons per year. Ulcerative colitis has a bimodal pattern of incidence. The main onset peaks between the age of 15 and 30 years. A second and smaller peak of incidence occurs between the age of 50 and 70 years.

Recent Developments

• In August 2022, Bio-Rad Laboratories Inc. completed its acquisition of Curiosity Diagnostics, a Poland-based developer of innovative technology solutions for the medical diagnostic and healthcare markets. This has helped the company to increase its product portfolio and global presence in the market.
• In January 2022, QIAGEN announced new additions to the growing number of applications for QIAcuity, its ultrasensitive digital PCR (dPCR) platform that has set new standards by using so-called nanoplates to process samples in two hours rather than the five hours required by other systems. This has helped the company to expand its product portfolio in the market and helped the company to increase its overall revenue.

This marketing report endows with the company profile, product specifications, production value, manufacturer’s contact information and market shares for the company. This market analysis report will definitely help in growing sales with new thinking, new skills, and innovative programs and tools. All the data, statistics, and information gathered to generate this report has been studied and analysed with the established tools and techniques such as SWOT analysis and Porter's Five Forces analysis. The market study conducted in this market document takes into account heterogeneous markets in accord with the requirement of HEALTHCARE industry and scoop out the finest possible solutions and detailed information about the market trends.

Core Objective of the This Market:

• This Market Size and growth rate factors.
• Important changes in the future this Market.
• Top worldwide competitors of the Market.
• Scope and product outlook of This Market.
• Developing regions with potential growth in the future.
• Tough Challenges and risk faced in Market.
• Global top manufacturers profile and sales statistics.

More Links:

https://www.databridgemarketresearch.com/reports/global-colorectal-cancer-diagnostics-market 
https://www.databridgemarketresearch.com/reports/europe-colorectal-cancer-diagnostics-market 
https://www.databridgemarketresearch.com/reports/asia-pacific-colorectal-cancer-diagnostics-market 
https://www.databridgemarketresearch.com/reports/middle-east-and-africa-colorectal-cancer-diagnostics-market 
https://www.databridgemarketresearch.com/reports/north-america-colorectal-cancer-diagnostics-market 

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