Lung Cancer Diagnostic and Screening Market to Offer Lucrative Growth Prospects for Manufacturers by 2028 | Myriad Genetics, NanoString

Impact of the Coronavirus (COVID-19) Pandemic

The lockdown in different nations due to the pandemic has put a financial weight on the private medical care area. Medical service suppliers are confronting difficulties concerning declining short-term visits, labor, gear, consumables, and other assets to guarantee the wellbeing of patients with different sicknesses.

As per the Southern Surgical Association article, Low-Dose Computed Tomography (LDCT) screening diminishes cellular breakdown in the lungs by no less than 20%. The COVID-19 pandemic required a phenomenal closure of institutional low-portion processed tomography (LDCT) programs. LDCT screenings were suspended on March 13, 2020, and 818 screenings were dropped in the US. Full resumption of screening was on June 1, 2020. After the initial observation, it was seen that new quiet LDCTs were fundamentally diminished during the COVID-19 period. In this manner, COVID-19 caused a huge interruption in cellular breakdown in the lungs during screening, prompting a decline in new patients screened and an increase in the extent of lung knobs for harm once screening continued.

The expanding number of item dispatches, coordinated efforts, and association procedures embraced by vital participants are the main considerations estimated to drive the development of the global lung cancer diagnostic and screening market during the conjectured timeframe.

The expanding launch of the cellular breakdown in the lungs demonstrative test is expected to drive the global lung cancer diagnostic and screening market. June 2019, Roche launched an in-vitro cellular breakdown in the lungs demonstrative test called VENTANA ROS1 (SP384) to target ROS1 positive cellular breakdown in the lungs. Transformations of the ROS1 quality are available in some non-little cell cellular breakdown in the lungs (NSCLC) cases and can help demonstrate which patients would react to a designated treatment. These diseases are intriguing, as they are thought to occur in up to 2% of non-little cell cellular breakdown in the lungs cases.

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Central participants in the global lung cancer diagnostic and screening market are centered on embracing inorganic development techniques such as coordinated efforts and associations, which are projected to drive the development of the global lung cancer diagnostic and screening market during the conjecture timeframe. In March 2020, Thermo Fisher Scientific entered into an association with Janssen Biotech, a piece of Johnson & Johnson, to foster cellular breakdown in the lungs through analytic. Under the organization, Thermo Fisher will work with Janssen Research and Development to distinguish and approve numerous biomarkers for Thermo Fisher’s Oncomine Dx Target Text. This will be used to distinguish variation positive patients for clinical preliminaries for non-little cell cellular breakdown in the lungs (NSCLC).

Expanding cooperation and associations are projected to drive the development of the global lung cancer diagnostic and screening market during the conjectured timeframe. In July 2020, AnchorDx, a main biotechnology organization creating novel NGS-based early malignant growth recognition and infection observing tests, entered into a long-term coordinated effort with the Lung Cancer Initiative at Johnson & Johnson to lead a cellular breakdown in the lungs review. The review is intended to empower the early discovery and conclusion of cellular breakdown in the lungs. The joint effort was worked on by Johnson and Johnson Innovation LLC.

The rising acceptance of inorganic development methodologies such as consolidations and acquisitions by significant organizations is projected to drive the development of the global lung cancer diagnostic and screening market. On March 2, 2021, Agilent Technologies Inc. entered into an authoritative consent to get Resolution Bioscience Inc., an innovator in the turn of events and commercialization of cutting edge sequencing (NGS)-based accuracy oncology arrangements. This security enabled Agilent Technologies Inc. to strengthen its product portfolio and expand its capabilities in NGS-based malignant growth diagnostics, as well as provide the company with creative innovation to better serve the needs of the global lung cancer diagnostic and screening market.

Key Takeaways

The global lung cancer diagnostic and screening market is anticipated to grow at a CAGR of 7.8% over the estimated timeframe (2020-2027).

Among test types, biomarker test fragment is foreseen to hold a significant income share in 2027, attributable to innovative headways in mutagenic tests. In December 2020, AstraZeneca’s Tagrisso was supported in the U.S. by the US FDA for the adjuvant therapy of grown-up patients with beginning phase epidermal development factor receptor-changed (EGFRm) non-little cell cellular breakdown in the lungs (NSCLC) after growth resection with a healing goal. It is demonstrated for EGFRm patients whose growth has exon 19 cancellations or exon 21 L858R transformations as recognized by an endorsed test.

Key companies contributing to the global lung cancer diagnostic and screening market include Myriad Genetics Inc., NanoString, Quest Diagnostics Incorporated, QIAGEN, Thermo Fischer Scientific, Illumina, Inc., Abbott, Janssen Pharmaceuticals, Inc., Sanofi, AstraZeneca, Agilent Technologies, Inc., NeoGenomics, Danaher, and F. Hoffmann-La Roche Ltd.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Lung Cancer Diagnostic and Screening Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Lung Cancer Diagnostic and Screening Industry Impact

Chapter 2 Global Lung Cancer Diagnostic and Screening Competition by Types, Applications, and Top Regions and Countries
2.1 Global Lung Cancer Diagnostic and Screening (Volume and Value) by Type
2.3 Global Lung Cancer Diagnostic and Screening (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Lung Cancer Diagnostic and Screening Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Lung Cancer Diagnostic and Screening Market Analysis
Chapter 6 East Asia Lung Cancer Diagnostic and Screening Market Analysis
Chapter 7 Europe Lung Cancer Diagnostic and Screening Market Analysis
Chapter 8 South Asia Lung Cancer Diagnostic and Screening Market Analysis
Chapter 9 Southeast Asia Lung Cancer Diagnostic and Screening Market Analysis
Chapter 10 Middle East Lung Cancer Diagnostic and Screening Market Analysis
Chapter 11 Africa Lung Cancer Diagnostic and Screening Market Analysis
Chapter 12 Oceania Lung Cancer Diagnostic and Screening Market Analysis
Chapter 13 South America Lung Cancer Diagnostic and Screening Market Analysis
Chapter 14 Company Profiles and Key Figures in Lung Cancer Diagnostic and Screening Business
Chapter 15 Global Lung Cancer Diagnostic and Screening Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology