(PharmaNewsWire.Com, January 13, 2018 ) The Europe Head and Neck cancer diagnostics market is valued at $2001.6 as of 2015 and is estimated to be $3350.08 million market by the end of 2020 growing at a significant rate of nearly 10.85% CAGR during the forecast period.
Head and Neck cancer which is among the 10 most commonly caused cancers worldwide, are prevalent extensively in regions where the consumption of alcohol and tobacco is high. To have a best chance of curing these type of diseases, early detection and prompt treatment offer plays a key role. Rising number of diagnostic procedures for head and neck cancer, particularly pharyngeal and oral cancers, are few factors inducing the market growth.
The European Head & Neck cancer diagnostic market based on the type of test involved is segmented into Endoscopy, Biopsy, Diagnostic imaging, and Dental diagnostics. In addition, on the basis of geography, the market is segmented under various regions in Europe namely, France, U.K Germany, Spain and Italy. The increase in the demand for diagnostic imaging market, advancements in modes of treatment, and incorporation of new innovations and novel technologies in diagnostic equipment is believed to further propel the growth of the market during the forecast period.
There is a surge in the aging population increasing the prevalence of chronic diseases, especially cancers related to head and neck, increasing the awareness towards cancer. This resulted in raising healthcare expenditure of people and government. However, there are few factors hindering the growth of the market like Low Adoption Rate of Digital Technology Based Systems, Conventional CT and MRI Scanners, Excise Duty Imposed on Sale of Medical Devices in Mature Markets.
Some of the key players influencing the market dynamics Philips Healthcare, Varian Medical Systems, Siemens Healthcare, GE Healthcare, Shimadzu Corporation, Identafi, Velscope VX, AdDent Inc.
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