In its recent study, Fact.MR projects the global market for liver cancer diagnostics to exhibit a steady rise at 5.5% CAGR throughout the forecast period 2017 to 2022.

The fifth most prevalent cancer, liver cancer, caused 9.1% deaths among the overall population affected with cancer across the globe in 2012. Extreme aggressiveness and poor survival rate related to liver cancer has pushed this disease in becoming a crucial health issue worldwide. A slew of risk factors are associated with liver cancer including infection pertaining to hepatitis C virus (HCV), diabetes, obesity, diabetes, obesity, exposure to dietary aflatoxin, alcohol-induced cirrhosis, hepatitis B virus (HBV). With the capability of modification of these risk factors, strong prospects have been offered to lower its prevalence and mortality, by utilizing preventive strategies such as lifestyle modification, and hepatitis immunization. These factors are expected to fuel demand for liver cancer diagnostics across the globe. The liver cancer diagnostics market survey offers insights on the most pertinent aspects concerning future demand and sales trajectory.

The report on the global market for liver cancer discusses such key factors that govern the economics of liver cancer diagnostics across the globe. Some of the key influences for the growth of the global liver cancer diagnostics market include:

the rising presence of carcinogenic elements in common consumables
surging exposure to toxic substances in factories & industrial settings
lack of awareness related to causes, symptoms, and preventive measures for liver cancer
high healthcare costs, deterring liver cancer patients from seeking optimum diagnosis

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Takeaways from the Global Liver Cancer Diagnostics Market

In terms of revenues, North America will remain the most lucrative region in the global market for liver cancer diagnostics. In addition, liver cancer diagnostics markets in North America and Europe will exhibit expansion at similar CAGRs through 2022.
Liver cancer diagnostics markets in Japan and MEA will exhibit a sluggish growth during the forecast period.
Biopsy tests will continue to exhibit the highest CAGR through 2022, among test type in the global market, followed by LFTs.
AFP test is projected to remain sought-after for liver cancer diagnostics over the forecast period. Revenues from AFP tests are estimated to hold more than half market share in 2017, and are expected to attain 52 BPS in their market share by 2022-end.
Hospital-associated labs are expected to remain sought-after in the market for liver cancer diagnostics. Liver cancer diagnostics in the hospital-associated labs are expected to account for largest revenues during the forecast period.
Independent diagnostic laboratories will continue to be the second most lucrative segment among end-users in the global market for liver cancer diagnostics.
Diagnosis of liver cancer in cancer research institutes will continue to register the highest CAGR over the forecast period.

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Market Taxonomy

Test Type

AFP Tests
LFTs
Biopsy
Other

End User

Hospital Associated Labs
Independent Diagnostic Laboratories
Cancer Research Institutes
Others

Key Country-wise Inclusions

• US Liver Cancer Diagnostics Market
• Canada Liver Cancer Diagnostics Sales
• Germany Liver Cancer Diagnostics Production
• UK Liver Cancer Diagnostics Industry
• France Liver Cancer Diagnostics Market
• Japan Liver Cancer Diagnostics Supply Assessment

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Key Market Players Mentioned in Fact.MR’s report on the Global Liver Cancer Diagnostics Market

Sysmex Corporation
Danaher Corporation
BioceptInc.
Foundation Medicine Inc
Montaplast GmbH
Valeo S.A. 
SL Corporation 

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