Lung Cancer Screening Market: Insights and Trends for the Future

The Market Intelligence Report offers a comprehensive analysis of the Lung Cancer Screening Market, together with information on the market’s competitive environment and profiles of the major companies in this industry. In addition to historical market trends, projected growth rates, revenue generation, production capacity, price structure, and critical industry drivers, opportunities, challenges, and restraints, our analyst team also assesses a wide range of other crucial market factors. Did. For businesses wishing to invest in the market, this study provides an industry-validated database and further analyses significant data points pertaining to the state of the market today.

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The global lung cancer screening market size was USD 2.80 Billion in 2021 and is expected to register a revenue CAGR of 8.1% during the forecast period. Lung cancer incidence is on the rise due to high cigarette usage, which is a key factor fueling market revenue growth.
Around 25% of all cancer fatalities are caused by lung cancer, making it one of the leading causes of cancer death. Along with other environmental and genetic risk factors, cigarette smoking has been recognised as a substantial risk factor for developing Non-Small Cell Lung Cancer (NSCLC). Smoking is responsible for about 80% of lung cancer deaths, with the remaining 20% coming from exposure to secondhand smoke. The World Health Organisation claims that the continuous rise in lung cancer mortality is due to an increase in tobacco smoking worldwide, particularly in Asia.

Competitive Outlook:

The global Lung Cancer Screening market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Lung Cancer Screening market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some major companies in the market report include:

Koninklijke Philips N.V., Siemens Healthcare GmbH, Canon Medical Systems Corporation, General Electric Company, FUJIFILM Holdings Corporation, Medtronic, Nuance Communications, Inc., Eon, PenRad Technologies Inc., and Volpara Health Limited

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Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics

Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis

In-depth 8-year analysis of the Global Lung Cancer Screening Market

Critical understanding of the key market segments

Comprehensive analysis of the drivers, restraints, trends, and opportunities

Detailed regional analysis and extensive company profiling

Extensive assessment of current and emerging trends of the market

Segments Covered in this report are:

  • Cancer Type Outlook (Revenue, USD Billion; 2019-2030)

    • Non-small Cell Lung Cancer (NSCLC)
    • Small Cell Lung Cancer

  • Diagnosis Type Outlook (Revenue, USD Billion; 2019-2030)

    • Low Dose Spiral CT Scan
    • Chest X-Ray

  • End-user Outlook (Revenue, USD Billion; 2019-2030)

    • Hospitals & Clinics
    • Diagnostic Centers

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Regional Outlook:

North America (the US, Canada, Mexico)

Europe (the UK, Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key Questions Answered in the Report:

What will be the estimated growth rate of the Lung Cancer Screening market by 2027?

Who are the prominent distributors, vendors, and manufacturers of the market?

What are the driving and restraining factors of the growth of the Lung Cancer Screening market throughout the forecast period?

What are the current and future market trends of the Lung Cancer Screening market?

What are the sales and price analysis of the product by types, applications, and regions?

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