Lung Cancer Screening Market Projected To Reach New Heights With Growing Adoption Of Low-Dose CT Scans

Published: 2025-02-20
Views: 90
Author: priti10
Published in: Health & Fitness

Global Lung Cancer Screening Market Projected to Reach USD 4.13 Billion by 2029

Advancements in Screening Technologies and Increased Awareness Drive Market Growth

The Global lung Cancer Screening Market Size was valued at USD 2.36 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.32% from 2023 to 2029, reaching approximately USD 4.13 billion by 2029.

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Market Definition and Overview

Lung cancer remains the leading cause of cancer-related mortality worldwide. Early detection through screening is crucial for improving survival rates and quality of life. Low-dose computed tomography (LDCT) has emerged as a primary screening tool, enabling the identification of lung cancer at earlier, more treatable stages. The primary goal of lung cancer screening programs is to reduce mortality by detecting cancer early, targeting individuals most likely to benefit based on recognized risk factors.

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Market Growth Drivers and Opportunities

Several factors are contributing to the robust growth of the lung cancer screening market:

1. Increasing Prevalence of Lung Cancer: The rising number of lung cancer cases globally underscores the need for effective screening programs. An increase in the smoking population and environmental factors contribute to this growing prevalence.

2. Advancements in Screening Technologies: Technological innovations, such as the development of more precise and less invasive screening methods, are enhancing the effectiveness of early lung cancer detection. These advancements improve diagnostic accuracy and patient outcomes.

3. Government Initiatives and Collaborations: Increased government support and strategic collaborations are facilitating the development and implementation of lung cancer screening programs. For instance, in 2019, Genentech and Roche collaborated to investigate biomarker screening for lung cancer therapy and diagnosis, aiming to replace invasive tissue biopsies with genome-based testing.

4. Rising Awareness in Developing Countries: Growing awareness of innovative and affordable lung cancer screening methods in developing countries, such as India and China, is contributing to market expansion. Educational campaigns and healthcare initiatives are promoting early detection and treatment.

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Segmentation Analysis

The lung cancer screening market is segmented based on cancer type and region:

• By Cancer Type:

  • Non-Small Cell Lung Cancer (NSCLC): Dominated the market with a 78% share in 2022 and is expected to maintain dominance, reaching an 85% share by the end of the forecast period. NSCLC is the most common type of lung cancer, accounting for 85% of cases.

• By Region:

  • North America: Holds the largest market share due to advanced healthcare infrastructure, high adoption rates of screening technologies, and substantial research funding. The region is expected to maintain its leading position through 2029.
  • Europe: Experiences steady growth driven by increasing healthcare investments, a strong emphasis on research and development, and supportive regulatory frameworks.
  • Asia Pacific: Anticipated to witness significant growth, attributed to a large population base, rising disposable incomes, and improving healthcare facilities. The Asia Pacific market is expected to grow at a CAGR of 8.32% from 2023 to 2029.

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Competitive Landscape

The lung cancer screening market features several key players:

• Genentech and Roche: Collaborated to investigate biomarker screening for lung cancer therapy and diagnosis, aiming to replace invasive tissue biopsies with genome-based testing.
• Nuance Communications, Inc.: Teamed with Baptist Health South Florida's Miami Cancer Institute to develop a lung cancer screening program that includes imaging tests for early detection and treatment.

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