Global Cancer Diagnostics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Next-Generation Sequencing , Microarrays, In Situ Hybridization, Polymerase Chain Reaction (PCR), Flow Cytometry, Immunohistochemistry , Magnetic Resonance Imaging (MRI), Computed Tomography (CT) , Positron Emission Tomography (PET) , Ultrasound, Biopsy , Mammography, and OthersBy Coverage;
Public Insurance and Private InsuranceBy Test Type;
Biopsy - [Fine-Needle Aspiration, Core Biopsy, Surgical Biopsy, Skin Biopsy /Punch Biopsy, and Others], and OthersBy Application;
Colorectal Cancer, Breast Cancer , Lung Cancer, Cervical Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Cancer Diagnostics Market Overview
Cancer Diagnostics Market (USD Million)
Cancer Diagnostics Market was valued at USD 148,570.42 million in the year 2024. The size of this market is expected to increase to USD 250,038.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.
Global Cancer Diagnostics Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 7.7 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 7.7 % |
Market Size (2024) | USD 148,570.42 Million |
Market Size (2031) | USD 250,038.44 Million |
Market Concentration | Medium |
Report Pages | 353 |
Major Players
- Abbott
- Qiagen
- F. Hoffmann-La Roche Ltd
- Siemens Healthcare GmbH
- Thermo Fisher Scientific Inc
- GE Healthcare
- Hologic Inc
- Illumina Inc
- Philips Healthcare
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Cancer Diagnostics Market
Fragmented - Highly competitive market without dominant players
The Cancer Diagnostics Market has experienced a notable surge in demand due to increasing awareness about the importance of early detection. Enhanced screening techniques and public initiatives have contributed to a rise in diagnostic procedures by over 35%. Innovations in biomarker-based tests and imaging solutions are enabling faster and more accurate identification of cancer, which is significantly improving patient outcomes.
Technological Advancements Accelerating Precision
Rapid advancements in molecular diagnostics, next-generation sequencing, and immunohistochemistry have elevated the market’s precision capabilities. Over 42% of diagnostic developments now leverage these technologies to enhance specificity and sensitivity. The integration of artificial intelligence and machine learning is further enhancing diagnostic workflows, reducing time-to-result and improving diagnostic accuracy
Growing Preference for Non-Invasive Diagnostics
The shift toward non-invasive and minimally invasive testing methods is gaining momentum, with adoption growing by over 38%. Liquid biopsies and blood-based tests are replacing conventional tissue biopsies in many instances, owing to their safety, ease, and rapid result delivery. These innovations are increasing patient compliance and expanding accessibility to diagnostics.
Strategic Collaborations Enhancing Market Capabilities
The market is witnessing over 30% of growth initiatives through strategic collaborations and acquisitions, aimed at broadening test portfolios and technological capabilities. Collaborations between biotech firms and diagnostic companies are enabling faster development of multi-cancer detection assays and improving their availability across clinical settings.
Cancer Diagnostics Market Recent Developments
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In 2020, GE Healthcare partnered with GenesisCare to enhance patient outcomes for cancer and heart disease. GE will supply CT, MRI, PET/CT, SPECT, digital mammography, and ultrasound equipment to GenesisCare’s over 440 treatment centers in Australia, the US, the UK, and Spain.
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In 2020, Roche Diagnostics collaborated with Illumina to expand access to clinical oncology through next-generation sequencing technologies.
Cancer Diagnostics Market Segment Analysis
In this report, the Cancer Diagnostics Market has been segmented by Product, Coverage, Test Type, Application, and Geography.
Cancer Diagnostics Market, Segmentation by Product
TheCancer Diagnostics Market has been segmented by Product into Next-Generation Sequencing , Microarrays, In Situ Hybridization, Polymerase Chain Reaction (PCR), Flow Cytometry, Immunohistochemistry , Magnetic Resonance Imaging (MRI), Computed Tomography (CT) , Positron Emission Tomography (PET) , Ultrasound, Biopsy , Mammography, and Others.
Next-Generation Sequencing (NGS)
Next-generation sequencing leads the cancer diagnostics market, accounting for approximately 20% of total revenue. NGS enables comprehensive genomic profiling, allowing detection of tumor mutations and biomarkers. Rising adoption in precision oncology and clinical trials supports growth.
Microarrays
Microarrays represent about 8% of the market, used for gene expression profiling and mutation analysis. Their application in early cancer detection and molecular diagnostics continues to drive demand.
In Situ Hybridization
In situ hybridization holds approximately 7% of total revenue, providing visualization of nucleic acids in tumor tissues. Its utility in HER2 and EBV detection supports its adoption in pathology labs.
Polymerase Chain Reaction (PCR)
PCR contributes nearly 10% of the market, offering sensitive and specific detection of cancer-related mutations. Its widespread use in liquid biopsies and early-stage cancer screening drives this segment.
Flow Cytometry
Flow cytometry accounts for about 6% of revenue, used for cellular analysis in hematologic malignancies and immunophenotyping. Technological advancements in multi-parametric assays support growth.
Immunohistochemistry (IHC)
IHC represents around 8% of the market, critical for protein expression analysis in tumor tissues. Its role in cancer subtyping and biomarker detection sustains demand.
Magnetic Resonance Imaging (MRI)
MRI contributes approximately 9% of total revenue, offering high-resolution imaging for tumor detection and staging. The demand for non-invasive diagnostic solutions fuels segment growth.
Computed Tomography (CT)
CT scanning accounts for nearly 7% of the market, providing cross-sectional imaging to support tumor localization and treatment planning.
Positron Emission Tomography (PET)
PET contributes about 5% of revenue, offering functional imaging to assess tumor metabolism and response to therapy.
Ultrasound
Ultrasound holds around 4% of the market, used for guiding biopsies and evaluating superficial tumors. Its cost-effectiveness and widespread availability sustain growth.
Biopsy
Biopsy represents approximately 10% of total revenue, serving as a gold standard for tissue diagnosis. Ongoing advancements in minimally invasive techniques support market expansion.
Mammography
Mammography accounts for about 4% of the market, providing a screening tool for breast cancer detection and early diagnosis.
Others
The ‘Others’ category holds around 2% of total revenue, encompassing emerging technologies and novel imaging modalities in cancer diagnostics.
Cancer Diagnostics Market, Segmentation by Coverage
TheCancer Diagnostics Market has been segmented by Coverage into Public Insurance and Private Insurance.
Public Insurance
Public insurance dominates the cancer diagnostics market, accounting for approximately 60% of total revenue. Government-funded programs and initiatives provide affordable access to cancer screening, diagnostic services, and early detection programs. The emphasis on universal healthcare coverage and support for population-wide screening initiatives drive this segment.
Private Insurance
Private insurance represents around 40% of the market, offering personalized healthcare plans with faster access to advanced diagnostic technologies. The rising preference for private healthcare providers, especially in developed markets, supports the growth of this segment.
Cancer Diagnostics Market, Segmentation by Test Type
TheCancer Diagnostics Market has been segmented by Test type into Biopsy - [Fine-Needle Aspiration, Core Biopsy, Surgical Biopsy, Skin Biopsy /Punch Biopsy, and Others], and Others.
Biopsy
Biopsy holds the largest share in the cancer diagnostics market, accounting for approximately 70% of total revenue. This segment includes fine-needle aspiration, core biopsy, surgical biopsy, skin biopsy (including punch biopsy), and others. These procedures remain the gold standard for tissue diagnosis and are critical for confirming malignancy and guiding treatment planning.
Others
The ‘Others’ category represents around 30% of total revenue, encompassing a range of non-invasive and minimally invasive diagnostic tests, including liquid biopsies, imaging-based methods, and molecular assays. The growing demand for early detection and personalized diagnostics supports expansion in this segment.
Cancer Diagnostics Market, Segmentation by Application
The Cancer Diagnostics Market has been segmented by Application into Colorectal Cancer, Breast Cancer , Lung Cancer, Cervical Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, and Others.
Colorectal Cancer
Colorectal cancer diagnostics hold the largest share in the cancer diagnostics market, accounting for approximately 20% of total revenue. The focus on early detection through fecal occult blood tests, colonoscopy, and biomarker screening supports segment growth, particularly with rising colorectal cancer incidence.
Breast Cancer
Breast cancer diagnostics represent about 18% of the market, encompassing mammography, ultrasound, biopsy, and genetic testing. The emphasis on regular screening and personalized diagnostics supports strong growth in this segment.
Lung Cancer
Lung cancer diagnostics account for nearly 15% of total revenue, including low-dose CT scans, biopsies, and molecular testing. Increasing demand for early-stage detection and liquid biopsy technologies is driving growth.
Cervical Cancer
Cervical cancer diagnostics contribute around 12% of the market, leveraging Pap smears, HPV testing, and colposcopy. Public health initiatives and vaccination programs are boosting early detection efforts.
Kidney Cancer
Kidney cancer diagnostics represent about 10% of total revenue, using imaging technologies such as CT scans and MRI for detection, as well as biomarker-based testing. The rising prevalence of renal malignancies supports growth.
Liver Cancer
Liver cancer diagnostics account for approximately 8% of the market, employing ultrasound, CT/MRI imaging, and alpha-fetoprotein (AFP) testing for early-stage detection and monitoring.
Pancreatic Cancer
Pancreatic cancer diagnostics contribute around 7% of revenue, focusing on imaging techniques, endoscopic ultrasound, and CA19-9 testing. Innovations in early detection and molecular diagnostics are enhancing growth in this segment.
Others
The ‘Others’ category holds nearly 10% of total revenue, encompassing diagnostics for prostate cancer, leukemia, and rare malignancies. Continuous advancements in genomic testing and targeted diagnostics support this segment.
Cancer Diagnostics Market, Segmentation by Geography
In this report, the Cancer Diagnostics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Cancer Diagnostics Market Share (%), by Geographical Region
North America
North America dominates the cancer diagnostics market, accounting for approximately 45% of total revenue. This is driven by advanced healthcare infrastructure, widespread adoption of early screening programs, and strong focus on precision diagnostics. The presence of key market players and significant investment in research and development further strengthen regional growth.
Europe
Europe holds about 25% of the market, supported by robust public health initiatives, increasing emphasis on personalized medicine, and widespread access to advanced diagnostic technologies. Key markets include Germany, the UK, and France.
Asia Pacific
Asia Pacific represents nearly 20% of total revenue, driven by rising cancer prevalence, expanding healthcare investments, and growing awareness of early cancer detection. Countries such as China, Japan, and India are emerging as high-growth markets.
Middle East and Africa
The Middle East and Africa contribute about 5% of the market, reflecting improvements in healthcare infrastructure, increasing adoption of screening programs, and expanding access to diagnostic technologies in key regions like Saudi Arabia, South Africa, and the UAE.
Latin America
Latin America accounts for nearly 5% of total revenue, with Brazil, Mexico, and Argentina leading growth. The region benefits from rising public health awareness, improvements in healthcare services, and increasing adoption of cancer screening programs.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Cancer Diagnostics Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Incidence of Cancer
- Growing Aging Population
- Emphasis on Early Detection and Screening
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Rising Demand for Personalized Medicine - The rising demand for personalized medicine is significantly impacting the global cancer diagnostics market. Personalized medicine, also known as precision medicine, involves tailoring medical treatment to the individual characteristics of each patient, including their genetic makeup, molecular profile, and lifestyle factors. In the context of cancer diagnostics, personalized medicine encompasses advanced molecular testing techniques that enable oncologists to identify specific biomarkers and genetic mutations associated with cancer subtypes. By analyzing these molecular signatures, healthcare providers can make informed decisions about treatment selection, prognosis, and therapeutic response prediction, leading to more targeted and effective interventions.
Advances in genomic sequencing, molecular profiling, and bioinformatics have expanded the repertoire of available biomarkers and targeted therapies, further fueling the demand for personalized cancer diagnostics. With the advent of next-generation sequencing (NGS) technologies and liquid biopsy assays, oncologists can now interrogate the entire cancer genome or analyze circulating tumor DNA (ctDNA) from a simple blood sample, enabling non-invasive and comprehensive molecular profiling of tumors. These technological advancements have revolutionized cancer diagnostics by providing insights into tumor heterogeneity, clonal evolution, and resistance mechanisms, empowering oncologists to make more informed treatment decisions and optimize patient care.
The growing prevalence of cancer and the increasing burden of disease worldwide are driving the demand for personalized medicine in cancer diagnostics. With cancer incidence rates on the rise due to factors such as aging populations, lifestyle changes, and environmental exposures, there is a pressing need for innovative diagnostic approaches that can accurately detect cancer at an early stage and guide personalized treatment strategies. By harnessing the power of personalized medicine, healthcare providers can tailor cancer diagnostics and treatment plans to the unique characteristics of each patient, ultimately improving clinical outcomes, enhancing quality of life, and reducing the overall burden of cancer on society.
Restraints
- Limited Access to Advanced Diagnostics in Developing Regions
- Regulatory Challenges and Compliance Issues
- Lack of Skilled Healthcare Professionals
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Concerns Regarding Radiation Exposure - Concerns regarding radiation exposure are significant factors influencing the global cancer diagnostics market. Traditional imaging modalities used in cancer diagnostics, such as X-rays, computed tomography (CT), and positron emission tomography (PET), involve ionizing radiation, which carries potential risks to patients, including radiation-induced cancers and tissue damage. As a result, there is growing awareness among healthcare providers and patients about the importance of minimizing radiation exposure during diagnostic procedures, particularly for individuals undergoing repeated or prolonged imaging studies.
Concerns about radiation exposure in cancer diagnostics extend beyond individual patient risks to encompass broader public health and environmental considerations. The widespread use of ionizing radiation in medical imaging has raised concerns about radiation safety, radiation dose optimization, and radiation protection measures in healthcare settings. Regulatory agencies and professional organizations have issued guidelines and recommendations for optimizing radiation doses, implementing dose monitoring programs, and promoting the use of alternative imaging modalities with lower or no ionizing radiation, such as magnetic resonance imaging (MRI) and ultrasound.
Technological advancements in cancer diagnostics have led to the development of alternative imaging techniques that reduce or eliminate the need for ionizing radiation. For example, advances in MRI technology have enabled high-resolution imaging of soft tissues and functional assessments without ionizing radiation exposure, making MRI an attractive option for cancer staging, treatment planning, and surveillance. Similarly, ultrasound-based imaging modalities, such as contrast-enhanced ultrasound and elastography, offer non-invasive and radiation-free alternatives for detecting and characterizing tumors in various anatomical sites.
Opportunities
- Development of Non-invasive Diagnostic Technologies
- Integration of Artificial Intelligence and Machine Learning
- Adoption of Point-of-Care Testing
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Public-Private Partnerships and Collaborations - Public-private partnerships and collaborations are essential drivers of innovation and progress in the global cancer diagnostics market. By bringing together the resources, expertise, and capabilities of both public and private sectors, these collaborative initiatives facilitate the development and implementation of novel diagnostic technologies, biomarkers, and screening programs aimed at improving cancer detection, diagnosis, and treatment outcomes. Public-sector entities, such as government agencies, research institutions, and healthcare organizations, often provide funding, infrastructure, and regulatory oversight, while private-sector partners, including pharmaceutical companies, biotechnology firms, and diagnostic manufacturers, contribute scientific expertise, industry insights, and commercialization capabilities.
Public-private partnerships play a crucial role in promoting equitable access to cancer diagnostics and reducing disparities in cancer care. By aligning incentives and priorities across public health systems, healthcare providers, and industry stakeholders, these partnerships can develop cost-effective screening programs, diagnostic algorithms, and point-of-care testing solutions that address the specific needs of underserved populations and resource-limited settings. Additionally, public-private collaborations can foster capacity-building initiatives, workforce training programs, and technology transfer activities that enhance local capabilities and infrastructure for cancer diagnostics in low- and middle-income countries.
Public-private partnerships and collaborations can drive policy advocacy and regulatory reforms that support innovation and investment in cancer diagnostics. By engaging with policymakers, advocacy groups, and regulatory authorities, these partnerships can advocate for conducive regulatory environments, streamlined reimbursement policies, and incentives for research and development in cancer diagnostics. By aligning regulatory frameworks with the needs of patients, healthcare providers, and industry stakeholders, public-private collaborations can catalyze innovation, foster market competition, and accelerate the adoption of cutting-edge diagnostic technologies that improve cancer detection, diagnosis, and treatment outcomes for individuals worldwide.
Competitive Landscape Analysis
Key players in Global Cancer Diagnostics Market include :
- Abbott
- Qiagen
- F. Hoffmann-La Roche Ltd
- Siemens Healthcare GmbH
- Thermo Fisher Scientific Inc
- GE Healthcare
- Hologic Inc
- Illumina Inc
- Philips Healthcare
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Coverage
- Market Snapshot, By Test Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Cancer Diagnostics Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Incidence of Cancer
- Growing Aging Population
- Emphasis on Early Detection and Screening
- Rising Demand for Personalized Medicine
- Restraints
- Limited Access to Advanced Diagnostics in Developing Regions
- Regulatory Challenges and Compliance Issues
- Lack of Skilled Healthcare Professionals
- Concerns Regarding Radiation Exposure
- Opportunities
- Development of Non-invasive Diagnostic Technologies
- Integration of Artificial Intelligence and Machine Learning
- Adoption of Point-of-Care Testing
- Public-Private Partnerships and Collaborations
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Cancer Diagnostics Market, By Product, 2021 - 2031 (USD Million)
- Next-Generation Sequencing
- Microarrays
- In situ Hybridization
- Polymerase Chain Reaction (PCR)
- Flow Cytometry
- Immunohistochemistry
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Positron Emission Tomography (PET)
- Ultrasound
- Biopsy
- Mammography
- Others
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Cancer Diagnostics Market, By Coverage, 2021 - 2031 (USD Million)
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Public Insurance
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Private Insurance
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Cancer Diagnostics Market, By Test Type, 2021 - 2031 (USD Million)
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Biopsy
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Fine-Needle Aspiration
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Core Biopsy
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Surgical Biopsy
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Skin Biopsy /Punch Biopsy
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Others
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Others
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- Cancer Diagnostics Market, By Application, 2021 - 2031 (USD Million)
- Colorectal Cancer
- Breast Cancer
- Lung Cancer
- Cervical Cancer
- Kidney Cancer
- Liver Cancer
- Pancreatic Cancer
- Others
- Cancer Diagnostics Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Cancer Diagnostics Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Abbott
- Qiagen
- F. Hoffmann-La Roche Ltd
- Siemens Healthcare GmbH
- Thermo Fisher Scientific Inc
- GE Healthcare
- Hologic Inc
- Illumina Inc
- Philips Healthcare
- Company Profiles
- Analyst Views
- Future Outlook of the Market