Markets

Alignment with Large and Dynamic Segments of Cancer Diagnostics

Market Segment

Prostate Cancer Diagnostics

Scope includes preliminary and confirmatory testing, ultra sound based diagnostics as well as molecular diagnostics

2024: $4.1Bn ¹

CAGR: 13% ¹

Oncology Companion Diagnostics

Scope includes Immunohistochemistry and next-generation sequencing, multiple

cancer type

2024: $3.2Bn ¹

CAGR: 13% ¹

Oncology Molecular Diagnostics

Scope includes instruments and reagents, multiple cancer and molecule type

2024: $3.7Bn ²

CAGR: 13% ²

2024

$4.1Bn ¹

$3.2Bn ¹

$3.7Bn ²

CAGR

13% ¹

13% ¹

13% ²

Main Drivers

  • Increasing prevalence of cancers due to the growing geriatric population and changing lifestyles

  • Progress in cancer detection and patient awareness

  • Technological advancements in imaging, sequencing

  • Drug and diagnostics co-development models

  • Personalized Medicine

  • Government initiatives

Large Current and Growing Market

Number of patients that die annually of prostate cancer is 250,000/yr in USA (437,000/yr Including EU/UK market)

Number of patients with cancer relevant to the company is 870,000/yr in USA (1,455,000 /yr including EU/UK market)

(1) Grand View Research
(2) IMARC

100 East Lancaster Ave

Room R234

Wynnewood, Pennsylvania 19096

General inquiries:

[email protected]

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