GMI Lung Cancer Diagnostics Market

Lung Cancer Diagnostics Market Size, Industry Analysis Report, Regional Outlook & Forecast,2017-2024: Global Market Insights Inc. Lung Cancer Diagnostics Market size should witness significant growth due to increased prevalence of smoking and exposure to secondhand smoke, influencing the occurrence rate of lung malignancies. Smoking is forestalled to be the major cause of approximately 85 per cent of cancer. The surging dominance of cancer is directly proportional to the business growth, owing to the high demand for diagnosis and early disease screening. Mounting technological advancements such as the development of specific biomarkers facilitates the customized treatment approach of lung malignancies eventually driving the lung cancer diagnostics market during the forecast period. The rising awareness levels amongst the populace and the availability of government as well as private funds for R&D of better tumor diagnostic tools further fuels the industry growth. Evidences show that beta-carotene supplements and arsenic in drinking water intensifies the risk of lung cancer, and accounted for 8.8 million deaths in 2015. An estimated 14 million adults have been diagnosed with the disease worldwide, with its prevalence expected to reach 21.7 million by 2030Increased exposure to radon, asbestos, secondhand smoke, air pollution, or other factors cause lung cancer in nonsmokers. Genetics also play a vital role for disease occurrence in non-smokers. Workplace exposures to diesel exhaust, asbestos and other chemicals increases the chance of cancer. As per WHO, lung cancer accounted for 1.69 million deaths worldwide in 2015. Increasing number of programs to enhance public awareness will create immense growth opportunities. For instance, the Centers for Disease Control and Prevention (CDC) introduced Tips from former smokers (Tips), a paid national tobacco education campaign. The campaign profiles people surviving with long-term serious health damage caused from smoking. The main objectives of the campaign are to encourage smokers to quit and not to smoke around nonsmokers, building public awareness of the immediate health issues caused by exposure to secondhand smoke and smoking. Prohibitive cost associated with the treatment for lung cancer and limited reimbursement policies in low and middle-income countries may hamper the lung cancer diagnostics market growth. 1 | Page