Europe Colorectal Cancer Screening and Diagnostic Market: Analysis and Forecast, 2023-2033
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Introduction to Europe Colorectal Cancer Screening and Diagnostic Market
The Europe colorectal cancer screening and diagnostic market was valued at $4.19 billion in 2023 and is expected to reach $7.30 billion by 2033, growing at a CAGR of 5.72% during the forecast period 2023-2033. The colorectal cancer screening and diagnostic sector are influenced by various factors such as the escalating occurrence of colorectal cancer, heightened financial strain on healthcare systems, advancements in genomics and molecular diagnostics, and a rising need for colorectal cancer examination.
Market Introduction
The Europe colorectal cancer screening and diagnostic market are experiencing significant growth propelled by several factors. Rising incidences of colorectal cancer, coupled with an aging population, are driving the demand for effective screening and diagnostic tools. Additionally, increased awareness campaigns and government initiatives promoting early detection contribute to market expansion. Advances in genomics and molecular diagnostics have enhanced the accuracy and efficiency of screening methods, further fueling market growth. Moreover, the growing financial burden on healthcare systems emphasizes the importance of cost-effective and efficient screening solutions. With a surge in demand for colorectal cancer testing, the European market is witnessing notable developments in technology and innovation to meet evolving healthcare needs and improve patient outcomes.
Market Segmentation:
Segmentation 1: by Type
Product/Innovation Strategy: The product segment helps the reader understand the different types of colorectal cancer screening and diagnostic methodologies. Moreover, the study provides the reader with a detailed understanding of the colorectal cancer screening and diagnostic market by end-user application (hospitals and clinics, clinical laboratories, and other end users), type (blood-based tests, stool-based tests, colonoscope, biomarker test, and other test types), and region (Europe)
Growth/Marketing Strategy: The colorectal cancer screening and diagnostic market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and new product launches. The favored strategy for the companies has been partnerships and collaborations to strengthen their position in the colorectal cancer screening and diagnostic market.
Competitive Strategy: Key players in the colorectal cancer screening and diagnostic market analyzed and profiled in the study involve major colorectal cancer screening kit manufacturers (stool DNA test, FIT/FOB tests), biomarker testing kit manufacturers, sigmoidoscope, and colonoscope manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the colorectal cancer screening and diagnostic market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Some of the prominent names established in this market are:
This report will be delivered in 1-5 working days.
Introduction to Europe Colorectal Cancer Screening and Diagnostic Market
The Europe colorectal cancer screening and diagnostic market was valued at $4.19 billion in 2023 and is expected to reach $7.30 billion by 2033, growing at a CAGR of 5.72% during the forecast period 2023-2033. The colorectal cancer screening and diagnostic sector are influenced by various factors such as the escalating occurrence of colorectal cancer, heightened financial strain on healthcare systems, advancements in genomics and molecular diagnostics, and a rising need for colorectal cancer examination.
Market Introduction
The Europe colorectal cancer screening and diagnostic market are experiencing significant growth propelled by several factors. Rising incidences of colorectal cancer, coupled with an aging population, are driving the demand for effective screening and diagnostic tools. Additionally, increased awareness campaigns and government initiatives promoting early detection contribute to market expansion. Advances in genomics and molecular diagnostics have enhanced the accuracy and efficiency of screening methods, further fueling market growth. Moreover, the growing financial burden on healthcare systems emphasizes the importance of cost-effective and efficient screening solutions. With a surge in demand for colorectal cancer testing, the European market is witnessing notable developments in technology and innovation to meet evolving healthcare needs and improve patient outcomes.
Market Segmentation:
Segmentation 1: by Type
- Screening
- Diagnostic
- Hospitals and Clinics
- Clinical Laboratories
- Other End Users
- Germany
- France
- Italy
- U.K.
- Spain
- Rest-of-Europe
Product/Innovation Strategy: The product segment helps the reader understand the different types of colorectal cancer screening and diagnostic methodologies. Moreover, the study provides the reader with a detailed understanding of the colorectal cancer screening and diagnostic market by end-user application (hospitals and clinics, clinical laboratories, and other end users), type (blood-based tests, stool-based tests, colonoscope, biomarker test, and other test types), and region (Europe)
Growth/Marketing Strategy: The colorectal cancer screening and diagnostic market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and new product launches. The favored strategy for the companies has been partnerships and collaborations to strengthen their position in the colorectal cancer screening and diagnostic market.
Competitive Strategy: Key players in the colorectal cancer screening and diagnostic market analyzed and profiled in the study involve major colorectal cancer screening kit manufacturers (stool DNA test, FIT/FOB tests), biomarker testing kit manufacturers, sigmoidoscope, and colonoscope manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the colorectal cancer screening and diagnostic market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Some of the prominent names established in this market are:
- Epigenomics AG
- Mainz Biomed NV
- Novigenix SA
Executive Summary
Scope of the Study
Research Methodology
1 MARKETS
1.1 Market Outlook
1.1.1 Market Overview
1.1.2 Product Definition
1.1.3 Inclusion and Exclusion Criteria
1.1.4 Key Findings
1.2 Industry Outlook
1.2.1 Regulatory Framework
1.2.1.1 Regulatory Framework in Europe
1.2.2 Reimbursement Scenario
1.2.2.1 Fecal Immunochemical Testing/Fecal Occult Blood Testing
1.2.2.2 Molecular Testing
1.2.3 Patent Analysis
1.2.3.1 Patent Filing Trend (by Country)
1.2.3.2 Patent Filing Trend (by Year)
1.2.4 Key Trends
1.2.4.1 Rise of At-Home Colorectal Cancer Screening
1.2.4.2 Multimodal Approaches to Colorectal Cancer Screening
1.2.4.3 Use of Gut Microbiota in Colorectal Cancer Diagnosis
1.2.5 COVID-19 Impact
1.2.5.1 Impact of COVID-19 on Colorectal Cancer Screening and Diagnostic Market
1.2.5.2 Pre-COVID-19 Phase
1.2.5.3 During-COVID-19 Phase
1.2.5.4 Post-COVID-19 Phase
1.2.6 Product Landscape
1.2.7 Product Pipeline
1.2.8 Business Dynamics
1.2.8.1 Impact Analysis
1.2.8.2 Business Drivers
1.2.8.2.1 Rising Incidence of Colorectal Cancer and Increasing Financial Burden on Healthcare
1.2.8.2.2 Advances in Genomics and Molecular Diagnostics
1.2.8.2.3 Growing Demand for Colorectal Cancer Testing
1.2.8.2.4 Earlier Cancer Detection Enabling Reduced Treatment Cost
1.2.8.3 Business Restraints
1.2.8.3.1 Limited Sensitivity of FIT/FOBt Testing Kits
1.2.8.3.2 Challenges with Sample Collection
1.2.8.4 Business Opportunities
1.2.8.4.1 Expansion of Screening Programs
1.2.8.4.2 Emerging Markets Proposing Significant Untapped Potential
2 COLORECTAL CANCER SCREENING AND DIAGNOSTIC MARKET (BY REGION)
2.1 Europe
2.1.1 Key Findings
2.1.2 Market Dynamics
2.1.2.1 Impact Analysis
2.1.3 Market Sizing and Forecast
2.1.3.1 Europe Colorectal Cancer Screening and Diagnostic Market (by End User)
2.1.3.2 Europe Colorectal Cancer Screening and Diagnostic Market (by Product)
2.1.3.3 Europe Colorectal Cancer Screening and Diagnostic Market (by Country)
2.1.3.3.1 Germany
2.1.3.3.2 U.K.
2.1.3.3.3 France
2.1.3.3.4 Spain
2.1.3.3.5 Italy
2.1.3.3.6 Rest-of-Europe
2.2 Competitive Benchmarking
2.2.1 Key Strategies and Developments
2.2.1.1 Funding Activities
2.2.1.2 New Offerings
2.2.1.3 Business Expansion
2.2.1.4 Mergers and Acquisitions
2.2.1.5 Partnerships and Collaborations
2.3 Company Profile
2.3.1 Epigenomics AG
2.3.1.1 Company Overview
2.3.1.2 Role of Epigenomics AG in the Colorectal Cancer Screening and Diagnostic Market
2.3.1.3 Financials
2.3.1.4 Recent Developments
2.3.1.5 Analyst Perspective
2.3.2 Mainz Biomed NV
2.3.2.1 Company Overview
2.3.2.2 Role of Mainz Biomed NV in the Colorectal Cancer Screening and Diagnostic Market
2.3.2.3 Financials
2.3.2.4 Recent Developments
2.3.2.5 Analyst Perspective
2.3.3 Novigenix SA
2.3.3.1 Company Overview
2.3.3.2 Role of Novigenix SA in the Colorectal Cancer Screening and Diagnostic Market
2.3.3.3 Recent Developments
2.3.3.4 Analyst Perspective
Scope of the Study
Research Methodology
1 MARKETS
1.1 Market Outlook
1.1.1 Market Overview
1.1.2 Product Definition
1.1.3 Inclusion and Exclusion Criteria
1.1.4 Key Findings
1.2 Industry Outlook
1.2.1 Regulatory Framework
1.2.1.1 Regulatory Framework in Europe
1.2.2 Reimbursement Scenario
1.2.2.1 Fecal Immunochemical Testing/Fecal Occult Blood Testing
1.2.2.2 Molecular Testing
1.2.3 Patent Analysis
1.2.3.1 Patent Filing Trend (by Country)
1.2.3.2 Patent Filing Trend (by Year)
1.2.4 Key Trends
1.2.4.1 Rise of At-Home Colorectal Cancer Screening
1.2.4.2 Multimodal Approaches to Colorectal Cancer Screening
1.2.4.3 Use of Gut Microbiota in Colorectal Cancer Diagnosis
1.2.5 COVID-19 Impact
1.2.5.1 Impact of COVID-19 on Colorectal Cancer Screening and Diagnostic Market
1.2.5.2 Pre-COVID-19 Phase
1.2.5.3 During-COVID-19 Phase
1.2.5.4 Post-COVID-19 Phase
1.2.6 Product Landscape
1.2.7 Product Pipeline
1.2.8 Business Dynamics
1.2.8.1 Impact Analysis
1.2.8.2 Business Drivers
1.2.8.2.1 Rising Incidence of Colorectal Cancer and Increasing Financial Burden on Healthcare
1.2.8.2.2 Advances in Genomics and Molecular Diagnostics
1.2.8.2.3 Growing Demand for Colorectal Cancer Testing
1.2.8.2.4 Earlier Cancer Detection Enabling Reduced Treatment Cost
1.2.8.3 Business Restraints
1.2.8.3.1 Limited Sensitivity of FIT/FOBt Testing Kits
1.2.8.3.2 Challenges with Sample Collection
1.2.8.4 Business Opportunities
1.2.8.4.1 Expansion of Screening Programs
1.2.8.4.2 Emerging Markets Proposing Significant Untapped Potential
2 COLORECTAL CANCER SCREENING AND DIAGNOSTIC MARKET (BY REGION)
2.1 Europe
2.1.1 Key Findings
2.1.2 Market Dynamics
2.1.2.1 Impact Analysis
2.1.3 Market Sizing and Forecast
2.1.3.1 Europe Colorectal Cancer Screening and Diagnostic Market (by End User)
2.1.3.2 Europe Colorectal Cancer Screening and Diagnostic Market (by Product)
2.1.3.3 Europe Colorectal Cancer Screening and Diagnostic Market (by Country)
2.1.3.3.1 Germany
2.1.3.3.2 U.K.
2.1.3.3.3 France
2.1.3.3.4 Spain
2.1.3.3.5 Italy
2.1.3.3.6 Rest-of-Europe
2.2 Competitive Benchmarking
2.2.1 Key Strategies and Developments
2.2.1.1 Funding Activities
2.2.1.2 New Offerings
2.2.1.3 Business Expansion
2.2.1.4 Mergers and Acquisitions
2.2.1.5 Partnerships and Collaborations
2.3 Company Profile
2.3.1 Epigenomics AG
2.3.1.1 Company Overview
2.3.1.2 Role of Epigenomics AG in the Colorectal Cancer Screening and Diagnostic Market
2.3.1.3 Financials
2.3.1.4 Recent Developments
2.3.1.5 Analyst Perspective
2.3.2 Mainz Biomed NV
2.3.2.1 Company Overview
2.3.2.2 Role of Mainz Biomed NV in the Colorectal Cancer Screening and Diagnostic Market
2.3.2.3 Financials
2.3.2.4 Recent Developments
2.3.2.5 Analyst Perspective
2.3.3 Novigenix SA
2.3.3.1 Company Overview
2.3.3.2 Role of Novigenix SA in the Colorectal Cancer Screening and Diagnostic Market
2.3.3.3 Recent Developments
2.3.3.4 Analyst Perspective
LIST OF FIGURES
Figure 1: Europe Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 2: Colorectal Cancer Screening and Diagnostic Market, Impact Analysis
Figure 3: Europe Colorectal Cancer Screening and Diagnostic Market (by Type), $Billion 2022 and 2033
Figure 4: Europe Colorectal Cancer Screening and Diagnostic Market (by End User), $Billion 2022 and 2033
Figure 5: Colorectal Cancer Screening and Diagnostic Market: Research Methodology
Figure 6: Primary Research Methodology
Figure 7: Bottom-Up Approach (Segment-Wise Analysis)
Figure 8: Top-Down Approach (Segment-Wise Analysis)
Figure 9: Colorectal Cancer Screening and Diagnostic Market, Patent Analysis (by Country), January 2019-April 2023
Figure 10: Colorectal Cancer Screening and Diagnostic Market, Patent Analysis (by Year), January 2019-April 2023
Figure 11: Stool-Based Molecular Tests, by Company
Figure 12: Colorectal Cancer Screening and Diagnostic Market, Impact Analysis
Figure 13: Number of Colorectal Cancer Cases Globally, 2020- 2040
Figure 14: Cancer Survival Rate with Respect to Stage of Detection, 2022
Figure 15: Colorectal Cancer Screening and Diagnostic Market, %Share (by Region), 2022 and 2033
Figure 16: Europe Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 17: Europe Colorectal Cancer Screening and Diagnostic Market (by End User), $Billion, 2022-2033
Figure 18: Europe Colorectal Cancer Screening and Diagnostic Market (by Product), $Billion, 2022-2033
Figure 19: Europe Colorectal Cancer Screening and Diagnostic Market (by Country), Share (%), 2022 and 2033
Figure 20: Germany Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 21: U.K. Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 22: France Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 23: Spain Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 24: Italy Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 25: Rest-of-Europe Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 26: Colorectal Cancer Screening and Diagnostic Market, Number of Key Developments and Strategies, January 2020-April 2023
Figure 27: Funding Activities, January 2020-April 2023
Figure 28: New Offerings, January 2020-April 2023
Figure 29: Business Expansion, January 2020-April 2023
Figure 30: Mergers and Acquisitions, January 2020-April 2023
Figure 31: Partnerships and Collaborations, January 2020-April 2023
Figure 32: Epigenomics AG: Product Portfolio
Figure 33: Epigenomics AG: Overall Financials, $Million, 2020-2022
Figure 34: Epigenomics AG: Net Revenue (by Segment), $Million, 2020-2022
Figure 35: Epigenomics AG: Net Revenue (by Region), $Million, 2020-2022
Figure 36: Mainz Biomed NV: Product Portfolio
Figure 37: Mainz Biomed NV: Overall Financials, $Million, 2020-2022
Figure 38: Novigenix SA: Product Portfolio
Figure 1: Europe Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 2: Colorectal Cancer Screening and Diagnostic Market, Impact Analysis
Figure 3: Europe Colorectal Cancer Screening and Diagnostic Market (by Type), $Billion 2022 and 2033
Figure 4: Europe Colorectal Cancer Screening and Diagnostic Market (by End User), $Billion 2022 and 2033
Figure 5: Colorectal Cancer Screening and Diagnostic Market: Research Methodology
Figure 6: Primary Research Methodology
Figure 7: Bottom-Up Approach (Segment-Wise Analysis)
Figure 8: Top-Down Approach (Segment-Wise Analysis)
Figure 9: Colorectal Cancer Screening and Diagnostic Market, Patent Analysis (by Country), January 2019-April 2023
Figure 10: Colorectal Cancer Screening and Diagnostic Market, Patent Analysis (by Year), January 2019-April 2023
Figure 11: Stool-Based Molecular Tests, by Company
Figure 12: Colorectal Cancer Screening and Diagnostic Market, Impact Analysis
Figure 13: Number of Colorectal Cancer Cases Globally, 2020- 2040
Figure 14: Cancer Survival Rate with Respect to Stage of Detection, 2022
Figure 15: Colorectal Cancer Screening and Diagnostic Market, %Share (by Region), 2022 and 2033
Figure 16: Europe Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 17: Europe Colorectal Cancer Screening and Diagnostic Market (by End User), $Billion, 2022-2033
Figure 18: Europe Colorectal Cancer Screening and Diagnostic Market (by Product), $Billion, 2022-2033
Figure 19: Europe Colorectal Cancer Screening and Diagnostic Market (by Country), Share (%), 2022 and 2033
Figure 20: Germany Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 21: U.K. Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 22: France Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 23: Spain Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 24: Italy Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 25: Rest-of-Europe Colorectal Cancer Screening and Diagnostic Market, $Billion, 2022-2033
Figure 26: Colorectal Cancer Screening and Diagnostic Market, Number of Key Developments and Strategies, January 2020-April 2023
Figure 27: Funding Activities, January 2020-April 2023
Figure 28: New Offerings, January 2020-April 2023
Figure 29: Business Expansion, January 2020-April 2023
Figure 30: Mergers and Acquisitions, January 2020-April 2023
Figure 31: Partnerships and Collaborations, January 2020-April 2023
Figure 32: Epigenomics AG: Product Portfolio
Figure 33: Epigenomics AG: Overall Financials, $Million, 2020-2022
Figure 34: Epigenomics AG: Net Revenue (by Segment), $Million, 2020-2022
Figure 35: Epigenomics AG: Net Revenue (by Region), $Million, 2020-2022
Figure 36: Mainz Biomed NV: Product Portfolio
Figure 37: Mainz Biomed NV: Overall Financials, $Million, 2020-2022
Figure 38: Novigenix SA: Product Portfolio
LIST OF TABLES
Table 1: Colorectal Cancer Screening and Diagnostic Market, Key Developments Analysis, January 2018-April 2023
Table 2: Key Questions Answered in the Report
Table 3: Colorectal Cancer Screening and Diagnostic Market, Product Pipeline
Table 4: Examples of Colorectal Cancer Screening Initiatives
Table 5: Examples of Product Launches and Approval in Asia-Pacific
Table 6: Europe Colorectal Cancer Screening and Diagnostic Market, Impact Analysis
Table 1: Colorectal Cancer Screening and Diagnostic Market, Key Developments Analysis, January 2018-April 2023
Table 2: Key Questions Answered in the Report
Table 3: Colorectal Cancer Screening and Diagnostic Market, Product Pipeline
Table 4: Examples of Colorectal Cancer Screening Initiatives
Table 5: Examples of Product Launches and Approval in Asia-Pacific
Table 6: Europe Colorectal Cancer Screening and Diagnostic Market, Impact Analysis
