The liver cancer diagnostics market size is projected to reach US$ 20.57 billion by 2031 from US$ 10.78 billion in 2023. The market is expected to register a CAGR of 8.4% during 2023–2031. The rising emergence of new technologies is likely to remain a key trend in the market.

Liver Cancer Diagnostics Market Analysis

As per the CDC, each year in the United States, approximately 24,500 men and 10,000 women develop liver cancer, out of which 18,600 men and 9,000 women die from the disease. The cases of Americans getting liver cancer are rising for several decades. Hepatocellular carcinoma (HCC) is the most common liver cancer in the US. Furthermore, according to the Canada Government, about 1 in 4 Canadian adults (26.6%) are currently living with obesity. Obesity cases are also increasing and with increasing csaes the risk of certain health conditions such as liver damage, diabetes, high blood pressure, and heart disease are also rising.

Liver Cancer Diagnostics Market Overview

In the year 2020, the World Health Organization (WHO) stated that in worldwide, over 10 million deaths happened, out of which one in every six deaths are due to cancer. Additionally, in 2020, liver cancer is one of the most common cancer types, accounting for around 4.7% of all new cancer cases and 8.3% of all cancer deaths. Out of all diagnosed liver cancer cases, 75% to 90% are Hepatocellular carcinoma (HCC) ), which has a more significant impact on cancer-related fatalities.  According to the published article in CCO (Chinese Clinical Oncology), hepatocellular cancer (HCC) is a top cause of cancer death worldwide. The most often used procedures for HCC screening are the serum alpha-fetoprotein (AFP) test and liver ultrasound. However, by sensitivity, AFP test has a sensitivity of 25% to 65%, and ultrasound has a sensitivity of over 60%. Liver cancer is a more common cancer, and the cases are increasing. For instance, in the UK, mortality rates from HCC is expected to rise by 14% by 2025, representing the largest increase in any cancer.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Liver Cancer Diagnostics Market: Strategic Insights

Liver Cancer Diagnostics Market

• 
  CAGR (2023 - 2031)

  8.4%
• Market Size 2023
  US$ 10.78 Billion
• Market Size 2031
  US$ 20.57 Billion

Market Dynamics

GROWTH DRIVERS

• Increasing Diagnosis Due to Strategic Initiatives
• Increasing Liver Cancer Cases

FUTURE TRENDS

• Rising Emergence of New Technologies is the Trends Witnessed

OPPORTUNITIES

• Increasing Research And Development (R&D) Expenditure

Key Players

• Abbott,
• BioMerieux SA,
• F. HOFFMANN-LA ROCHE LTD,
• Illumina, Inc.,
• Koninklijke Philips N.V,
• QIAGEN,
• Siemens Healthineers AG,
• THERMO FISHER SCIENTIFIC INC.,
• GE Healthcare,
• Perspectum,

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Laboratory Tests
• Endoscopy
• Imaging
• Biopsy

End User

• Hospitals and Diagnostic Laboratories
• Academic and Research Institutes
• CRO Laboratories

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Liver Cancer Diagnostics Market Drivers and Opportunities

Increasing Diagnosis Due to Strategic Initiatives to Favor Market

In June 2020, NCI scientists developed new test for screening hepatocellular carcinoma (HCC), the most common form of liver cancer. This screening involves blood test for investigation of the patient’s previous exposure to certain viruses. Such screening leads to early detection and diagnosis, mainly because cancers in the late or advanced stages are detected, and by then, they are often incurable. Furthermore, NCI also launched the CCR Liver Cancer Program to develop new methods for early detection, diagnosis, and treatment, with the aim to improve HCC patients’ outcomes. Additionally, the National Institutes of Health (NIH) started its clinical trials network to evaluate possible aids and problems of promising new cancer screening technologies and to govern the efficient methods for integrating these innovations into standard care protocols.

Increasing Research And Development (R&D) Expenditure

In 2021, Elecsys GALAD research and development (R&D) expenditure was US$ 14.65 billion and in 2020 it was US$ 13.17 billion. It has increased by 14% on a core basis. Furthermore, F. Hoffmann-La Roche Ltd R&D have increased mainly for late-stage investments in oncology, ophthalmology, and personalized healthcare. Additionally, in June 2020, scientists from National Institutes of Health (NIH) launched blood tests to improve liver cancer screening which are managed by researchers at the National Cancer Institute (NCI). Therefore, the mounting R&D investments and development of diagnostic tests for liver cancer are driving the liver cancer diagnostics market.

Liver Cancer Diagnostics Market Report Segmentation Analysis

Key segments that contributed to the derivation of the liver cancer diagnostics market analysis are type and end-user.

• Based on type, the market is divided into laboratory tests, endoscopy, imaging, biopsy, and others. The laboratory tests segment held a larger market share in 2023.
• Based on the end user, the market is divided into hospitals and diagnostic laboratories, academic and research institutes, and CRO laboratories. The hospitals and diagnostic laboratories segment held a larger market share in 2023.

Liver Cancer Diagnostics Market Share Analysis by Geography

The geographic scope of the liver cancer diagnostics market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the market and Asia Pacific is anticipated to grow with the highest CAGR in the coming years. The growth of the Asia Pacific market is due to rising senior populations and expanding liver cancer treatment options. Due to the implementation of improved diagnostic procedures for liver cancer in countries such as India and China, the APAC region is expected to have the highest CAGR. As the cost-effectiveness of diagnostic solutions improves, demand for liver cancer diagnostics in independent diagnostic laboratories in APAC is predicted to rise. The above factors will propel the liver cancer diagnostics market.

Liver Cancer Diagnostics Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Liver Cancer Diagnostics Market News and Recent Developments

The liver cancer diagnostics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the liver cancer diagnostics market are listed below:

• Illumina, Inc. launched TruSight oncology test for assessing multiple tumor genes and biomarkers. The TruSight test will soon begin its global launch in Europe. It assesses the tumor genes and biomarkers to discover the specific molecular profile of a patient’s cancer, helping to inform precision medicine decisions. (Source: Illumina, Inc., Press Release, March 2022)
• Perspectum entered a partnership with HepQuant to provide delivery of HepQuant’s liver function evaluation technology via Perspectum’s Contract Research Organization (CRO) services. This collaboration enabled pharmaceutical companies backing clinical trials for liver disease, including liver cirrhosis, non-alcoholic steatohepatitis (NASH), autoimmune liver diseases, and liver cancer to receive imaging and function testing knowledge from Perspectum’s Pharma Solutions. (Source: Perspectum, Press Release, November 2021)

Liver Cancer Diagnostics Market Report Coverage and Deliverables

The “Liver Cancer Diagnostics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Liver cancer diagnostics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Liver cancer diagnostics market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Liver cancer diagnostics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments3
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the liver cancer diagnostics market
• Detailed company profiles