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Carcinoembryonic Antigen (CEA) Market - Latest Global Insights on Technology, Growth Factors

The Carcinoembryonic Antigen Market will exceed USD 2.7 billion by 2023 as per a new research report.
Mahesh Gore | 18.09.2018
The Carcinoembryonic Antigen Market © Mahesh Gore
The Carcinoembryonic Antigen Market will exceed USD 2.7 billion by 2023 as per a new research report.
Rising technological advancements and adoption of cutting-edge technologies in order to offer better solutions to early diagnosis of various cancer types should fuel carcinoembryonic antigen market over the forecast timeline.

Surge in cancer prevalence should create lucrative opportunities in the coming years. As per, World Cancer Research Fund International (WCRFI), approximately 1.4 million new colorectal cancer cases diagnosed in 2012, it is third most common cancer across the globe. Dramatic changes in dietary habits, high liquor intake, sedentary lifestyle, and exposure to radioactive elements should drive the market growth in the future. Colorectal cancer will dominate the revenue share over the forecast period, due to increased prevalence of colorectal cancer globally.

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Breast cancer segment is witnessed highest growth rate over the forecast time frame. Increased prevalence of breast cancer, favorable government policies to early diagnosis, adoption of novel biomarkers are few factors rendering the market growth.

U.S. carcinoembryonic antigen market was over 70% of regional revenue share in 2015. Increasing prevalence of cancer, rising awareness levels coupled with adoption of cutting-edge diagnostic technologies will fuel the market growth over the forecast timeline.

UK carcinoembryonic antigen market will grow at significant CAGR over the coming years. Rising prevalence of cancer, favorable government initiatives to early diagnose the cancer, adequate reimbursement policies will witness carcinoembryonic industry growth. For instance, National Awareness and Early Diagnosis Initiative (NAEDI) led by Cancer Research UK in alliance with Public Health England, and NHS England to enhance the awareness on early diagnosis of cancer.

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China carcinoembryonic antigen market will dominate regional revenue share in the future. Surge in cancer prevalence, rising geriatric population, increased disposable income, increased awareness levels, adoption of advanced diagnostic methods, increased government spending on biotech industry should foster the revenue growth over the forecast timeline.