The metastatic melanoma cancer diagnostics market, at a CAGR of 7.7% between 2021-2031, is expected to reach $ 2.9 billion. With technology reaching new heights, it is inevitable that healthcare systems will integrate with existing technology platforms. In addition, geographic barriers are removed with telehealth to be added. Care delivery solutions should not be the same in the future. The EHR will continue to grow with the addition of NLP, voice and digital assistance. As such, it could be inferred that high-tech healthcare solutions would be the future of the healthcare industry.
the Metastatic Melanoma Cancer Diagnostics Market will probably reach US $ 2.9 billion Between 2021-2031 At this speed 7.7%. The healthcare vertical is consolidating at a rapid pace as value-based healthcare is on a roll. With the majority of key participants opting for an inorganic mode of expansion, it has been observed that almost every working day is witnessed on paper. This surge in inorganic growth is sure to keep health care upright throughout the period.
The increasing prevalence of metastatic melanoma cancer has been observed over the years. Verified therapies and diagnoses have a positive impact on the treatment of the disease and the lengthening of the lifespan of patients. Improving sophistication of healthcare facilities and technological developments across the globe are key factors expanding the Metastatic Melanoma Cancer Diagnostics market. Government initiatives related to awareness of early diagnosis and treatment are also expected to stimulate demand for metastatic melanoma cancer diagnoses.
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The global metastatic melanoma cancer diagnostics market is estimated to be US DOLLARS $ 2.9 Bn in 2021, and exhibit a TCCA close to 8% over the forecast period (2021 – 2031).
Key points of the market research
- The PET scan test holds the highest value share in the product market, due to advantages such as shortening the test time and providing precise attenuation correction and fusion imaging, resulting in increased the sensitivity and specificity of the diagnosis.
- By service provider, pathology laboratories hold a significant share of revenues for more than half of the market.
- Due to the increase in cancer cases and increased awareness of cancer screening, the pathology lab segment is expected to experience lucrative growth among all service providers at a CAGR of 8.5% through 2031.
- North America accounted for a share of over 45% in 2020. It is the most lucrative market of any region and is expected to experience significant growth over the next ten years.
- Europe is the next dominant region with a 35% market share in 2020, due to the booming cancer diagnostics industry in the region.
“The increasing prevalence of metastatic melanoma disorders, the increasing demand for non-invasive diagnostic therapy, and developments in metastatic melanoma cancer are expected to drive the market growth” Says Persistence Market Research analyst.
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Impact of COVID-19
According to the American Society of Clinical Oncology, the COVID-19 disease has significantly disrupted healthcare facilities around the world. COVID-19 has also caused disruption in cancer services. The pandemic has led to a sharp reduction in diagnoses, non-elective surgeries and non-essential medical visits. Delay in visits for diagnosis can cause delay in treatment for melanoma and other skin cancers, leading to serious health problems. Overall, the market has grown slowly due to the start of the COVID-19 outbreak. However, as things have opened up, the market is expected to recover some of its lost pace in the months and years to come.
What else in the report?
Persistence Market Research provides a unique perspective and actionable insights into the Metastatic Melanoma Cancer Diagnostics market in its latest study, presenting a historical demand assessment for 2016-2020 and projections for 2021-2031, based on product ( biopsy, chest x-ray, lymphoscintigraphy, ultrasounds, computed tomography or computed tomography (axial tomography), MRI (magnetic resonance imaging) and PET (positron emission tomography)) and service provider (hospitals, pathology laboratories and research centers on the cancer), in seven key regions of the world.
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