The mobile cancer screening devices market is expected to highlighting positive growth at a compounded annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2030. The mobile cancer screening devices are well equipped with efficient ergonomic features and are less expensive in comparison to conventional screening devices. Rising prevalence of cancer worldwide and increasing demand for portable screening devices among oncologist consolidates the market growth for mobile cancer screening devices.
"Most common cancer type in women worldwide and burgeoning requirement of early screening to reduce the mortality rate drive the breast cancer market growth"
According to the American Institute for Cancer Research, breast cancer is the most common type of cancer occurring in women population worldwide. In 2018, approximately 2,088,849 cases were diagnosed for breast cancer throughout the globe. Medical device companies are actively engaged in developing mobile cancer screening devices with excellent ergonomic features, low cost and quick turnaround time required in early screening to curb the high mortality rate associated with the disease. As per the research findings of World Health Organization (WHO), cervical cancer is the fourth most occurring cancer in the female population, in 2018 around 570,000 new cases were reported worldwide. Oncologists are recommending the need for portable colposcopes to perform effective diagnosis of cervical cancer.
"Increasing public health awareness pertaining to cancer and low-cost burden associated with cancer treatment increases the demand for specialty clinics"
Specialty clinics are spearheading the end-user segment for mobile cancer screening devices market. The chief parameters increasing its demand are rising public health awareness pertaining to cancer and reduced cost burden associated with cancer treatment. Hospitals will be registering impressive growth during the forecast period owing to the proactive role adopted by government healthcare agencies to fight cancer by providing huge financial aid to promote early cancer diagnosis. Presence of huge patient pool suffering with cancer can be enrolled in clinical trial studies to check the accuracy and precise interpretation & scanning of novel mobile cancer screening device under investigation.
"Rising prevalence of cancer and presence of pioneering IT Healthcare firms engaged in development of mobile cancer screening devices drive market growth in North America"
North America is responsible for 34.5% market share and is the leading regional segment for global mobile screening devices market. The major constituents influencing its proactive market growth are rising prevalence of cancer. The statistics brought forward by American Cancer Society (ACS) in 2019, approximately 1,762,450 new cancer cases have been reported. Presence of pioneering IT-healthcare firms actively engaged in development of mobile cancer screening devices further strengthens the market growth in the region. Europe is accountable for 29.5% on account of high mortality rate associated with advanced stage cancer. According to the research citing provided by World Health Organization (WHO), annually 1.9 million people die due to cancer in Europe due to delayed diagnosis and medical intervention. Asia Pacific holds 16% market share and will be growing at a rapid pace in the near future owing to emerging startup companies in collaboration with major players to develop mobile cancer screening devices and significant rise in number of specialty clinics engaged in cancer treatment.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Mobile Cancer Screening Devices market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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End User
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
