Sales Forecast of In Vitro Colorectal Cancer Screening Tests Indicates Positive Outlook

Colorectal cancer, also known as bowel cancer and colon cancer, is any cancer that affects the colon and the rectum. The American Cancer Society estimate that about 1 in 21 men and 1 in 23 women in the United States will develop colorectal cancer during their lifetime. Most colorectal cancers start as a growth on the inner lining of the colon or rectum. These growths are called polyps. These polyps sometimes change into cancer. Because of this, adenomas are called a pre-cancerous condition. According to National Institutes of Health, 145,600 new cases of colorectal cancer are estimated in the United States which comprises 8.3% of all new cancer cases. In-vitro colorectal cancer screening tests are performed in order to check the presence or symptoms of colorectal cancer. In 2016, there were an estimated 1,324,922 people living with colorectal cancer in the United States which makes a huge market for In-vitro colorectal cancer screening tests. In-vitro colorectal cancer screening tests confirms the presence of colorectal cancer in patients through understanding the nature and progression of colorectal cancer.

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Based on test type, In-Vitro Colorectal Cancer Screening Tests market is segmented into the following:

Blood Tests
Complete blood count
Liver enzyme function
Tumor marker test
Fecal Occult Blood Test
Imaging
Colonoscopy
Proctoscopy
CT Scan
Ultrasound
MRI
PET Scan
Biopsy
Gene tests
MMR tests
Based on end user, In-Vitro Colorectal Cancer Screening Tests Market is segmented into the following:

Hospitals
Clinics
Diagnostics Laboratories
Ambulatory Surgical Centers
Rising prevalence of colorectal cancer due to lifestyle factors and hereditary factors is expected to rise demand for in-vitro colorectal cancer screening tests market. According to the Centre for Disease Control and Prevention, colorectal cancer accounted for third largest leading cause for deaths from cancer in the US by percentage. The ever increasing number of incidences with disease is expected to grow the global in-vitro colorectal cancer screening tests market. The use of in-vitro colorectal cancer screening tests for diagnosing the recurrence after therapy and surgery is expected to grow in-vitro colorectal cancer screening tests market. A large number of undiagnosed population in developing countries with minimum in-vitro colorectal cancer screening tests availability creates opportunities for healthcare professionals and providers of in-vitro colorectal cancer screening tests.

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U.S. is the most lucrative country for in-vitro colorectal cancer screening tests market due to availability of improved healthcare infrastructure and higher prevalence rate. Therefore, North America is the dominant region for in-vitro colorectal cancer screening tests market in terms of revenue. Europe follows North America in terms of revenue generated through in-vitro colorectal cancer screening tests market. In 2013, it was estimated that 241?600 European men were diagnosed with colorectal cancer, and that 113?200 men died from the disease. For European women, 205?200 cases of colorectal cancer and 101?500 related deaths were recorded. The availability of favorable reimbursement scenario for cancer in European countries will up boost the revenue growth of in-vitro colorectal cancer screening tests market in Europe. On other hand, rising patient pool suffering in need of in-vitro colorectal cancer screening tests and number of diagnosed patients in Japan and China will propel the growth of in-vitro colorectal cancer screening tests market in East Asia region. In South Asia, India is most lucrative country for in-vitro colorectal cancer screening tests market in term of revenue due to large number of undiagnosed patients. The rising awareness among the people about in-vitro colorectal cancer screening tests and colorectal cancer testing through not-for-profit organizations and governmental institutes in the form of scientific research is generating more number of in-vitro colorectal cancer screening tests year-on-year.

Some of the key players across the value chain of In-Vitro Colorectal Cancer Screening Tests are Abbott Laboratories, Clinical Genomics Technologies Pty Ltd, Epigenomics Inc., Hemosure Inc., Exact Sciences Corp, Novigenix SA, Sekisui Diagnostics LLC, Medline Industries Inc and Beckman Coulter. In-vitro colorectal cancer screening tests attract a large number of clinical trials owing to large number of associated deaths. The payer mix and reimbursement scenario of in-vitro colorectal cancer screening tests will change the structure of in-vitro colorectal cancer screening tests market.

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Regional analysis for In-Vitro Colorectal Cancer Screening Tests Market includes

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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