Product Code: 978-1-68038-438-3
In-vitro Colorectal Cancer Screening Tests Market Growth & Trends:
The global in-vitro colorectal cancer screening tests market size is expected to reach USD 1.12 billion by 2030, expandingat a CAGR of 3.02% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Rising number of novel screening models to combat the increasing incidences of colon and rectal malignancy cases is the major factor influencing the market growth. The emergence of newly developed genetic and biomarker tests such as tumor M2-PK stool tests and methylated gene testing is anticipated to drive the adoption rate of tumor diagnostic models.
The increasing incidence of colorectal malignancy is a significant driver for the growth of the segment. For example, according to data released by the National Cancer Center Japan in June 2022, it was projected that there would be approximately 1,019,000 new cases of cancer in Japan in 2022, with Colorectal Cancer (CRC) accounting for an estimated 158,200 new cases. Similarly, data updated by Cancer Australia in August 2022 indicated that 15,713 new cases of CRC were expected to be diagnosed in Australia in 2022, with 8,300 cases among males and 7,413 cases among females. As a result, the increasing prevalence of colorectal malignance is anticipated to drive the demand for colonoscopy devices.
The implementation of various initiatives by public organizations to promote screening has positively impacted the demand for in-vitro CRC screenings. For instance, according to reports from Cancer.org, healthcare systems in California continued to provide FIT kits (fecal immunochemical tests) during the months of April and May 2020, and the response rates for FIT remained high despite the onset of the COVID-19 pandemic. Additionally, the European Cancer community has mobilized its resources to evaluate, address, and mitigate the adverse effects of COVID-19 on screening. These efforts have contributed to the sustained demand for in-vitro screening tests.
Furthermore, market growth is expected to be driven by the increasing number of product launches by major market players. These product launches are aimed at providing access to technologically advanced and innovative products. For instance, Pillar Biosciences, Inc. received FDA approval for the ONCO/Reveal Dx Lung & Colon Cancer Assay (O/RDx-LCCA) in July 2021 for the detection of CRC.
In-vitro Colorectal Cancer Screening Tests Market Report Highlights:
- Based on test type, fecal occult blood testing segment held the largest share of the market in 2022 due to their wider usage and easy applicability by large customer base
- Among FOB test segment, immuno-FOB ELISA test held a significant share in 2022, as immunological testing offers more accuracy than conventional guaiac FOB stool test
- Biomarker tests are expected to gain revenue share over the forecast period due to the emergence of noninvasive screening procedures
- Tumor M2-PK stool test generated maximum revenue in 2022 due to recent product introduction such as ScheBo Tumor M2-PK Stool Test by ScheBo Biotech AG
- In CRC DNA screening test vertical, panel DNA tests are gaining ground as these are advanced genetic screening tests, thus contributing the maximum revenue share
- North America held the largest share of the market in 2022, which can be attributed to high adoption rate of these products in clinical workflow for detection of melanoma
- Key players operating in the market include Abbott Laboratories; Quest Diagnostics; Siemens AG; Randox Laboratories; Kyowa Medex; and GeneNews and are constantly focusing on product launches and geographical expansion to gain higher share in the market
- In December 2022, Guardant Health, Inc., a company based in the United States, reported positive findings from the ECLIPSE study. This extensive study involved more than 20,000 patients and aimed to assess the effectiveness of Guardant Health's blood test in detecting colorectal cancer (CRC) in average-risk adults
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.1.1. Segment Definitions
- 1.1.1.1. Test type segment
- 1.2. Regional Scope
- 1.3. Estimates and Forecast Timeline
- 1.4. Objectives
- 1.4.1. Objective - 1
- 1.4.2. Objective - 2
- 1.4.3. Objective - 3
- 1.5. Research Methodology
- 1.6. Information Procurement
- 1.6.1. Purchased Database
- 1.6.2. GVR's Internal Database
- 1.6.3. Secondary Sources
- 1.6.4. Primary research
- 1.7. Information or Data Analysis
- 1.7.1. Data Analysis Models
- 1.8. Market Formulation & Validation
- 1.9. Model Details
- 1.9.1. Commodity Flow Analysis
- 1.10. List of Secondary Sources
- 1.11. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Test Type Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Growing incidence of colon and rectal cancers
- 3.2.1.2. Growing accuracy of colorectal cancer screening by use of genetic testing
- 3.2.1.3. Presence of a number of colorectal cancer screening products in pipeline
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Pending investigational evidence for certain genetic screening tests
- 3.2.2.2. Difficulty to undertake CRC screening tests to encompass the entire
- 3.2.2.3. Lack of cancer screening guideless in Asia Pacific region
- 3.3. Industry Analysis Tools
- 3.3.1. Porter's Five Forces Analysis
- 3.3.2. PESTEL Analysis
- 3.3.3. COVID-19 Impact Analysis
Chapter 4. Test Type Business Analysis
- 4.1. In-vitro Colorectal Cancer Screening Tests Market: Test Type Movement Analysis
- 4.2. Fecal Occult Blood Tests
- 4.2.1. Fecal Occult Blood Tests Market, 2018 - 2030 (USD Million)
- 4.2.2. Guaiac FOB Stool Test
- 4.2.2.1. Guaiac FOB Stool Test Market, 2018 - 2030 (USD Million)
- 4.2.3. Immuno-FOB Agglutination Test
- 4.2.3.1. Immuno-FOB Agglutination Test Market, 2018 - 2030 (USD Million)
- 4.2.4. Lateral Flow Immuno-FOB Test
- 4.2.4.1. Lateral Flow Immuno-FOB Test Market, 2018 - 2030 (USD Million)
- 4.2.5. Immuno-FOB ELISA Test
- 4.2.5.1. Immuno-FOB ELISA Test Market, 2018 - 2030 (USD Million)
- 4.3. Biomarker Tests Market
- 4.3.1. Biomarker Tests Market, 2018 - 2030 (USD Million)
- 4.3.2. Tumor M2-PK Stool Test
- 4.3.2.1. Tumor M2-PK Stool Test Market, 2018 - 2030 (USD Million)
- 4.3.3. Transferrin Assays
- 4.3.3.1. Transferrin Assays Market, 2018 - 2030 (USD Million)
- 4.3.4. Immuno-FOB ELISA Test
- 4.3.4.1. Immuno-FOB ELISA Test Market, 2018 - 2030 (USD Million)
- 4.4. CRC DNA Screening Tests
- 4.4.1. CRC DNA Screening Tests Market, 2018 - 2030 (USD Million)
- 4.4.2. Methylated Gene Testing
- 4.4.2.1. Methylated Gene Testing Market, 2018 - 2030 (USD Million)
- 4.4.3. Panel DNA Tests
- 4.4.3.1. Panel DNA Tests Market, 2018 - 2030 (USD Million)
Chapter 5. Regional Business Analysis
- 5.1. In-vitro Colorectal Cancer Screening Tests Market Share By Region, 2022 & 2030
- 5.2. North America
- 5.2.1. SWOT Analysis
- 5.2.2. North America In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Key Country Dynamics
- 5.2.3.2. Target Disease Prevalence
- 5.2.3.3. Competitive Scenario
- 5.2.3.4. Regulatory Framework
- 5.2.3.5. U.S. In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Key Country Dynamics
- 5.2.4.2. Target Disease Prevalence
- 5.2.4.3. Competitive Scenario
- 5.2.4.4. Regulatory Framework
- 5.2.4.5. Canada In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. SWOT Analysis
- 5.3.2. Europe In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.3. UK
- 5.3.3.1. Key Country Dynamics
- 5.3.3.2. Target Disease Prevalence
- 5.3.3.3. Competitive Scenario
- 5.3.3.4. Regulatory Framework
- 5.3.3.5. UK In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.4. Germany
- 5.3.4.1. Key Country Dynamics
- 5.3.4.2. Target Disease Prevalence
- 5.3.4.3. Competitive Scenario
- 5.3.4.4. Regulatory Framework
- 5.3.4.5. Germany In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.5. France
- 5.3.5.1. Key Country Dynamics
- 5.3.5.2. Target Disease Prevalence
- 5.3.5.3. Competitive Scenario
- 5.3.5.4. Regulatory Framework
- 5.3.5.5. France In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.6. Italy
- 5.3.6.1. Key Country Dynamics
- 5.3.6.2. Target Disease Prevalence
- 5.3.6.3. Competitive Scenario
- 5.3.6.4. Regulatory Framework
- 5.3.6.5. Italy In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.7. Spain
- 5.3.7.1. Key Country Dynamics
- 5.3.7.2. Target Disease Prevalence
- 5.3.7.3. Competitive Scenario
- 5.3.7.4. Regulatory Framework
- 5.3.7.5. Spain In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.8. Sweden
- 5.3.8.1. Key Country Dynamics
- 5.3.8.2. Target Disease Prevalence
- 5.3.8.3. Competitive Scenario
- 5.3.8.4. Regulatory Framework
- 5.3.8.5. Sweden In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.9. Norway
- 5.3.9.1. Key Country Dynamics
- 5.3.9.2. Target Disease Prevalence
- 5.3.9.3. Competitive Scenario
- 5.3.9.4. Regulatory Framework
- 5.3.9.5. Norway In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.10. Denmark
- 5.3.10.1. Key Country Dynamics
- 5.3.10.2. Target Disease Prevalence
- 5.3.10.3. Competitive Scenario
- 5.3.10.4. Regulatory Framework
- 5.3.10.5. Denmark In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.11. Russia
- 5.3.11.1. Key Country Dynamics
- 5.3.11.2. Target Disease Prevalence
- 5.3.11.3. Competitive Scenario
- 5.3.11.4. Regulatory Framework
- 5.3.11.5. Russia In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.3.12. Netherlands
- 5.3.12.1. Key Country Dynamics
- 5.3.12.2. Target Disease Prevalence
- 5.3.12.3. Competitive Scenario
- 5.3.12.4. Regulatory Framework
- 5.3.12.5. Netherlands In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. SWOT Analysis
- 5.4.2. Asia Pacific In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.4.3. Japan
- 5.4.3.1. Key Country Dynamics
- 5.4.3.2. Target Disease Prevalence
- 5.4.3.3. Competitive Scenario
- 5.4.3.4. Regulatory Framework
- 5.4.3.5. Japan In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.4.4. China
- 5.4.4.1. Key Country Dynamics
- 5.4.4.2. Target Disease Prevalence
- 5.4.4.3. Competitive Scenario
- 5.4.4.4. Regulatory Framework
- 5.4.4.5. China In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.4.5. India
- 5.4.5.1. Key Country Dynamics
- 5.4.5.2. Target Disease Prevalence
- 5.4.5.3. Competitive Scenario
- 5.4.5.4. Regulatory Framework
- 5.4.5.5. India In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.4.6. Australia
- 5.4.6.1. Key Country Dynamics
- 5.4.6.2. Target Disease Prevalence
- 5.4.6.3. Competitive Scenario
- 5.4.6.4. Regulatory Framework
- 5.4.6.5. Australia In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.4.7. Thailand
- 5.4.7.1. Key Country Dynamics
- 5.4.7.2. Target Disease Prevalence
- 5.4.7.3. Competitive Scenario
- 5.4.7.4. Regulatory Framework
- 5.4.7.5. Thailand In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.4.8. South Korea
- 5.4.8.1. Key Country Dynamics
- 5.4.8.2. Target Disease Prevalence
- 5.4.8.3. Competitive Scenario
- 5.4.8.4. Regulatory Framework
- 5.4.8.5. South Korea In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.5. Latin America
- 5.5.1. SWOT Analysis
- 5.5.2. Latin America In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Key Country Dynamics
- 5.5.3.2. Target Disease Prevalence
- 5.5.3.3. Competitive Scenario
- 5.5.3.4. Regulatory Framework
- 5.5.3.5. Brazil In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.5.4. Mexico
- 5.5.4.1. Key Country Dynamics
- 5.5.4.2. Target Disease Prevalence
- 5.5.4.3. Competitive Scenario
- 5.5.4.4. Regulatory Framework
- 5.5.4.5. Mexico In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.5.5. Argentina
- 5.5.5.1. Key Country Dynamics
- 5.5.5.2. Target Disease Prevalence
- 5.5.5.3. Competitive Scenario
- 5.5.5.4. Regulatory Framework
- 5.5.5.5. Argentina In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.6. MEA
- 5.6.1. SWOT Analysis
- 5.6.2. MEA In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.6.3. South Africa
- 5.6.3.1. Key Country Dynamics
- 5.6.3.2. Target Disease Prevalence
- 5.6.3.3. Competitive Scenario
- 5.6.3.4. Regulatory Framework
- 5.6.3.5. South Africa In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.6.4. Saudi Arabia
- 5.6.4.1. Key Country Dynamics
- 5.6.4.2. Target Disease Prevalence
- 5.6.4.3. Competitive Scenario
- 5.6.4.4. Regulatory Framework
- 5.6.4.5. Saudi Arabia In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.6.5. UAE
- 5.6.5.1. Key Country Dynamics
- 5.6.5.2. Target Disease Prevalence
- 5.6.5.3. Competitive Scenario
- 5.6.5.4. Regulatory Framework
- 5.6.5.5. UAE In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
- 5.6.6. Kuwait
- 5.6.6.1. Key Country Dynamics
- 5.6.6.2. Target Disease Prevalence
- 5.6.6.3. Competitive Scenario
- 5.6.6.4. Regulatory Framework
- 5.6.6.5. Kuwait In-vitro Colorectal Cancer Screening Tests Market, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Company Categorization
- 6.2. Strategy Mapping
- 6.3. Company Market Share Analysis, 2022
- 6.4. Company Profiles/Listing
- 6.4.1. Abbott
- 6.4.1.1. Overview
- 6.4.1.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Strategic Initiatives
- 6.4.2. Beckman Coulter Inc
- 6.4.2.1. Overview
- 6.4.2.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Strategic Initiatives
- 6.4.3. Eiken Chemical Co., Ltd.
- 6.4.3.1. Overview
- 6.4.3.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Strategic Initiatives
- 6.4.4. Epigenomics
- 6.4.4.1. Overview
- 6.4.4.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Strategic Initiatives
- 6.4.5. Sysmex Corporation
- 6.4.5.1. Overview
- 6.4.5.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Strategic Initiatives
- 6.4.6. Siemens Healthcare GmbH
- 6.4.6.1. Overview
- 6.4.6.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Strategic Initiatives
- 6.4.7. Quest Diagnostics Incorporated
- 6.4.7.1. Overview
- 6.4.7.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Strategic Initiatives
- 6.4.8. OncoCyte Corporation
- 6.4.8.1. Overview
- 6.4.8.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Strategic Initiatives
- 6.4.9. Merck KGaA
- 6.4.9.1. Overview
- 6.4.9.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.9.3. Product Benchmarking
- 6.4.9.4. Strategic Initiatives
- 6.4.10. Immunostics Inc.
- 6.4.10.1. Overview
- 6.4.10.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.10.3. Product Benchmarking
- 6.4.10.4. Strategic Initiatives
- 6.4.11. Kyowa Kirin Co. Ltd.
- 6.4.11.1. Overview
- 6.4.11.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.11.3. Product Benchmarking
- 6.4.11.4. Strategic Initiatives
- 6.4.12. Randox Laboratories Ltd.
- 6.4.12.1. Overview
- 6.4.12.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.12.3. Product Benchmarking
- 6.4.12.4. Strategic Initiatives
- 6.4.13. R-Biopharm AG
- 6.4.13.1. Overview
- 6.4.13.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 6.4.13.3. Product Benchmarking
- 6.4.13.4. Strategic Initiatives