Global carcinoembryonic antigen market is expected to reach USD 2.56
Billion by 2022. Constant technological advancements pertaining to the
development of novel biomarkers which can be used in combination with
other biomarkers is expected to boost usage rates over the forecast
period. Furthermore, the increasing prevalence of cancer is expected to
heighten the demand for effective diagnostic tools.
According to the WHO estimates in 2012, global cancer incidences were
nearly 14.1 million, which include 6.7 million female patients and 7.4
million male patients. Increasing demand for minimally invasive
diagnostics procedures is also expected to play a vital role in
determining market growth.
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Key advantages associated with minimally invasive diagnostics
procedures include elevated patient satisfaction levels as they entail
minor incision wounds. In addition, these procedures involve relatively
lesser hospital stays and therefore, are economically viable and involve
fewer post procedure complications.
Further key findings from the study suggest:
Colorectal cancer was one of the largest revenue generating
application segment of the carcinoembryonic antigen market and was
estimated at USD 639.65 million in 2014. Increasing prevalence of
colorectal cancer and usage of carcinoembryonic antigen tests at various
stages is one of the critical factors accounting for its large share.
For instance, in 2012, new cases of colorectal cancer were estimated to
be over 93,000 and death due to colorectal cancer is expected to be over
49,700 in the U.S alone.
Carcinoembryonic antigen based breast cancer diagnosis is identified
as the most lucrative application segment of the market. The market is
driven by factors such as growing number of female population above 50
years, growing demand for Hormone Replacement Therapy (HRT) and cosmetic
surgeries. Moreover, growing patient awareness levels and the presence
of favorable government initiatives are expected to improve treatment
rates over the forecast period.
North America was the largest regional market in 2014 owing to, the
presence of high incidence rates, presence of favorable reimbursement
framework, and high consumer awareness levels coupled with relatively
higher healthcare expenditure levels.
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Asia Pacific is anticipated to witness the most lucrative growth over
the forecast period. The presence of untapped opportunities, constantly
improving healthcare infrastructure, economic development, and
improving patient awareness levels are some factors accounting for this
rapid growth.
Key players operating in carcinoembryonic antigen market include
Abbott Diagnostics, Quest Diagnostics, Roche Diagnostics, GenWay Biotech
Inc. and Correlogic Systems, Inc.
For the purpose of this study, Grand View Research has segmented the
carcinoembryonic antigen market on the basis of application, and region:
Carcinoembryonic Antigen Application Outlook (Revenue, USD Million, 2012 - 2022)
* Colorectal cancer
* Pancreatic cancer
* Ovarian cancer
* Breast cancer
* Thyroid cancer
* Others
Carcinoembryonic Antigen Regional Outlook (Revenue, USD Million, 2012 - 2022)
* North America
* U.S.
* Canada
* Europe
* Germany
* France
* Spain
* Asia Pacific
* China
* Japan
* India
* MEA
* South Africa
* Latin America
* Brazil
* Mexico
Table Of Content
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Carcinoembryonic Antigen Industry Outlook
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Carcinoembryonic antigen - Market dynamics
3.4 Key Opportunities Prioritized
3.5 Industry analysis - Porter's
3.6 Carcinoembryonic Antigen - PESTEL Analysis
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Chapter 4 Carcinoembryonic Antigen Application Outlook
4.1 Carcinoembryonic antigen revenue share by application, 2014 & 2022
4.2 Colorectal cancer market
4.3 Pancreatic cancer
4.4 Ovarian cancer
4.5 Breast cancer
4.6 Thyroid cancer
4.7 Others
Chapter 5 Carcinoembryonic Antigen Regional Outlook
5.1 Carcinoembryonic antigen market share, by region, 2014 & 2022
5.2 North America
5.3 Europe
5.4 Asia Pacific
5.5 Latin America
5.6 MEA
Chapter 6 Competitive Landscape
6.1 Quest Diagnostics
6.2 Roche Diagnostics
6.3 Abbott Diagnostics
6.4 GenWay Biotech Inc.
6.5 Correlogic Systems, Inc.
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