From the geographical perspective, North America stands as the largest market for CA tumor markers testing owing to the large base of cancer patients. According to the American Cancer Society, approximately 1,660, 290 new cases of cancer were diagnosed in 2013. Another report published by the WHO, it was estimated that globally 14.1 million new cases of cancer were diagnosed and almost 8.2 million deaths related to cancer occurred in 2012.
Albany, NY -- (SBWIRE) -- 05/01/2017 -- The CA (cancer antigen) tumor marker testing is a lucrative market, thanks to the rising rate of incidence of cancer and high numbers of patients opting for this testing procedure. A new research report titled as "CA Tumor Markers Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023" has been added to the vast portfolio of Market Research Reports Search Engine (MRRSE). This report studies global CA tumor markers testing market and researches its current and future prospect.
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The report has been compiled through extensive primary research (surveys, interviews and observations of researchers) and secondary research (industry journals, reliable paid sources and industrial databases and reports). Moreover, it also provides a complete qualitative and quantitative assessment by analyzing documents gathered from market participants and industrial analysts across major points in the market's value chain mechanism. The study also analyzes the ongoing trends in the market, along with macro- and micro-economic pointers and regulations. Moreover, predictions regarding the CA tumor marker testing market's tremendous growth owing to the increasing prevalence of cancer and other non-communicable diseases can be carefully checked out in the report. Moreover, rising geriatric population will further power the growing demand for tumor testing globally. On the other hand, increase in healthcare spending, rigid and unfavorable reimbursement policies and the high cost of developing new technologies are the factors that can hamper growth of the CA tumor marker testing market.
The global CA tumor markers testing market is segmented on the basis of key parameters such as technology, type and geography. The major technologies used for the detection of CA tumor markers are as follows:
-Enzyme Immunoassays (EIA)
-Nucleic acid sequence based amplification (NASBA)
Based on type of CA (cancer antigen) marker, the market is divided into the following:
-Cancer Antigen 27-29 (CA 27-29), used for detecting breast cancer
-Cancer Antigen 125 (CA 125), used for detecting epithelial ovarian cancer
-Cancer Antigen 19-9 (CA 19-9), used for detecting colorectal cancer
-Cancer Antigen 15-3 (CA 15-3), used for detecting breast cancer
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The global CA tumor markers testing market is highly fragmented due to the participation of many players both emerging and established. The key players operating in the CA tumor markers testing market are Abbott Laboratories, Dickinson and Company, Becton, Applied Genetic Technologies Corporation, bioMérieux SA, Correlogic Systems Inc., Cepheid, Myriad Genetics, Panacea Pharmaceuticals, Radient Pharmaceuticals, Qiagen, Siemens Healthcare, Targeted Diagnostics & Therapeutics and Thermo Fisher Scientific.
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