Lucintel's latest market report analyzed that carcinoembryonic antigen provides attractive opportunities in colorectal cancer, pancreatic cancer, ovarian cancer, breast cancer, and thyroid cancer. The carcinoembryonic antigen market is expected to grow at a CAGR of 10%-12%. In this market, colorectal cancer is the largest segment by application, whereas hospitals are largest by end user.
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Based on application, the carcinoembryonic antigen market is segmented into colorectal cancer, pancreatic cancer, ovarian cancer, breast cancer, and thyroid cancer. The colorectal cancer segment accounted for the largest share of the market in 2020 due to increasing demand for minimally invasive diagnostic procedures, growing geriatric population base, and the increasing prevalence of unhealthy lifestyles, such as irregular dietary habits and exposure to carcinogenic elements.
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The carcinoembryonic antigen market is marked by the presence of several big and small players. Some of the prominent players offering carcinoembryonic antigen include Roche, Quest Diagnostics, GenWay Biotech, Correlogic Systems, Creative Diagnostics, Omega Diagnostics Group, RayBiotech, and Boster Biological Technology.
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