Colorectal Cancer Screening Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Colorectal Cancer Screening Market Revenue and it is Segmented by Screening Tests (Stool-based Tests, Colonoscopy, CT Colonography (Virtual Colonoscopy), Flexible Sigmoidoscopy, and Other Screening Tests), End User (Hospitals, Independent Diagnostic Labs, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Market values are Provided (in USD million) for the above segments.

Colorectal Cancer Screening Market Size

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Colorectal Cancer Screening Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 15.48 Billion
Market Size (2029) USD 19.91 Billion
CAGR (2024 - 2029) 5.16 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Colorectal Cancer Screening Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Colorectal Cancer Screening Market Analysis

The Colorectal Cancer Screening Market size is estimated at USD 15.48 billion in 2024, and is expected to reach USD 19.91 billion by 2029, growing at a CAGR of 5.16% during the forecast period (2024-2029).

The COVID-19 pandemic significantly impacted the studied market, as there was less number of colorectal cancer screenings taking place during the pandemic. For instance, according to an article published by MDPI in May 2022, a study was conducted in Canada which showed that there was a reduction in the number of colorectal cancer diagnoses during the pandemic when compared to the pre-pandemic period. Thus, the COVID-19 pandemic significantly impacted the market initially, however as the pandemic has currently subsided, colorectal cancer screening procedures are taking place normally, hence the studied market is expected to have stable growth during the forecast period of the study.

The major factors for the growth of the colorectal cancer screening market include the advent of efficacious genetic tests, an increase in the prevalence of colorectal cancer, and increasing cancer prevention initiatives.

The rising prevalence of colorectal cancer is one of the major factors driving the market growth. For instance, as per the report published by the Chinese Medical Journal in March 2022, China is experiencing a greater incidence of cancers. In 2022, there were approximately 4,820,000 new cancer cases in China, in which 592,232 were colorectal cancer cases. Thus, the greater incidence of colorectal cancers has increased the demand for screening tests for the treatment of cancers.

Furthermore, according to an article published by MDPI in April 2022, colorectal cancer is considered to be one of the most common cancers in Canada with approximately 24,800 cases projected to have been diagnosed in 2021. Although the incidence of CRC among adults under the age of 50 represents approximately 8% of CRC cases in Canada, recent studies have shown that the incidence of colorectal cancer in younger people is rising rapidly in Canada. Thus, the rising prevalence of colorectal cancer is expected to boost market growth.

Moreover, colorectal cancer prevention initiatives are also expected to boost market growth. For instance, The Ohio Colorectal Cancer Prevention Initiative (OCCPI), is a statewide initiative in Ohio, United States to screen newly diagnosed colorectal cancer (CRC) patients and their biological relatives for Lynch syndrome, a cancer-causing condition that occurs when a person inherits a mutation in one of four genes.

Additionally, the developments by various organizations and market players are also expected to boost the market growth. For instance, in April 2021, the US Food and Drug Administration announced the approval of GI Genius, a device using artificial intelligence based on machine learning to help clinicians detect lesions like polyps or suspected tumors in the colon during a colonoscopy.

Thus, the aforementioned factors such as the rising prevalence of colorectal cancer and cancer prevention initiatives are expected to boost the market growth. However, high screening tests costs and inadequate healthcare access in developing countries are expected to impede the market growth.

Colorectal Cancer Screening Market Trends

Colonoscopy Segment is Expected to Hold a Significant Market Share Over the Forecast Period

Colonoscopy or coloscopy is the endoscopic examination of the large bowel and the distal part of the small bowel with a charged coupled device (CCD) camera or a fiber optic camera on a flexible tube passed through the anus. Colonoscopy allows accurate diagnosis and treatment without the need for a major operation. In addition, a colonoscope can also remove the polyps. However, in preparation for the test, the patient has to take a dose of laxatives to cleanse the colon. Factors such as the growing burden of colorectal cancer and recommendations by public organizations for timely screening, technological advancements, and the launch of products in the market are likely to propel the segment's growth over the forecast period.

The rising prevalence of colorectal cancer is one of the major factors driving the segment's growth. For instance, according to the data published by National Cancer Center Japan in June 2022, an estimated 1,019,000 new cases of cancer were expected in Japan in 2022, out of which 158,200 new cases of colorectal cancer were expected.

Similarly, according to the data updated by Cancer Australia in August 2022, it was estimated that 15,713 new cases of colorectal cancer will be diagnosed in Australia in 2022, out of which 8,300 were males and 7,413 were females. Thus, the rising prevalence of colorectal cancer is expected to boost the usage of colonoscopy devices.

Furthermore, the rising product launches by key market players are also expected to boost the segment growth. For instance, in August 2022, Medtronic India launched an AI-powered module for colonoscopy of colorectal cancer. The device uses advanced AI software to highlight suspicious polyps of various sizes, shapes, and morphologies with a visual marker in real-time.

Thus, the aforementioned factors such as the rising prevalence of colorectal cancer and the increasing product launches by major market players are expected to boost segment growth.

Colorectal Cancer Screening Market: Estimated Number of New Colon and Rectum Cancer Cases (in thousands), United States, 2022-2023

North America is Expected to Hold a Significant Share in the Market Over the Forecast Period

North America is expected to account for a significant share of the market. The United States and Canada have a well-structured healthcare system for the treatment and diagnosis of colorectal cancer. Factors such as the rising prevalence of colorectal cancer in the region, rising research funding for colorectal cancer, and increasing developments by major market players are expected to boost the market growth in the region.

The high prevalence of colorectal cancers in the region is one of the major factors driving the market growth. For instance, according to the data published by the Canadian Cancer Society in May 2022, colorectal cancer was expected to be the fourth most commonly diagnosed cancer in Canada in 2022, and it was also expected to be the second leading cause of death from cancer in men and the third leading cause of death from cancer in women. Thus, the high prevalence of colorectal cancer in the country is a major factor driving the market growth.

Furthermore, according to the data published by the American Cancer Society in 2023, it is estimated that there will be 153,020 new cases of colon and rectum cancers in the United States in 2023, out of which 106,970 are expected to be colon cancers and 46,050 are expected to be rectum cancer. Thus, the high prevalence of colon and rectum cancers in the country is expected to boost market growth. Also, according to the same source, it has been observed that screening can help prevent colorectal cancers by detecting and removing precancers in the colon, rectum, and uterine cervix, and screening can also reduce mortality for these cancers. Thus, the rising importance of colorectal cancer screening is also expected to boost market growth.

Moreover, the rising product launches by major market players are also expected to boost market growth. For instance, in July 2021, FDA approved the ONCO/Reveal Dx Lung & Colon Cancer Assay (O/RDx-LCCA) for colorectal cancer by Pillar Biosciences, Inc.

Thus, the aforementioned factors such as the rising prevalence of colorectal cancer and the increasing product launches are expected to boost the market growth in the region.

Colorectal Cancer Screening Market - Growth Rate by Region

Colorectal Cancer Screening Industry Overview

The colorectal cancer screening market is moderately consolidated due to the presence of many small and large players. Some of them include Abbott Laboratories, Epigenomics Inc., Exact Sciences Corporation, F. Hoffmann-La Roche AG, Hemosure Inc., Quidel Corporation, Siemens Healthineers AG, and Sysmex Corporation.

Colorectal Cancer Screening Market Leaders

  1. Epigenomics Inc.

  2. Exact Sciences Corporation

  3. Hemosure Inc.

  4. Eiken Chemical Co. Ltd

  5. QuidelOrtho Corporation

*Disclaimer: Major Players sorted in no particular order

Colorectal Cancer Screening Market Concentration
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Colorectal Cancer Screening Market News

  • In December 2022, Guardant Health, Inc., a United States based Company, announced positive results from ECLIPSE (Evaluation of ctDNA LUNAR Assay In an Average Patient Screening Episode), an over 20,000 patient study for evaluating the performance of its blood test for detecting colorectal cancer (CRC) in average-risk adults.
  • In December 2022, FDA approved the therascreen KRAS RGQ PCR Kit for colorectal cancer screening by QIAGEN Manchester Ltd.

Colorectal Cancer Screening Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Advent of Efficacious Genetic Tests

      2. 4.2.2 Increase in Prevalence of Colorectal Cancer

      3. 4.2.3 Increasing Cancer Prevention Initiatives

    3. 4.3 Market Restraints

      1. 4.3.1 High Screening Tests Costs

      2. 4.3.2 Inadequate Healthcare Access in Developing Countries

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Screening Test

      1. 5.1.1 Stool-based Tests

      2. 5.1.2 Colonoscopy

      3. 5.1.3 CT Colonography (Virtual Colonoscopy)

      4. 5.1.4 Flexible Sigmoidoscopy

      5. 5.1.5 Other Screening Tests

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Independent Diagnostic Labs

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Eiken Chemical Co. Ltd

      2. 6.1.2 Epigenomics Inc.

      3. 6.1.3 Exact Sciences Corporation

      4. 6.1.4 Polymedco Inc

      5. 6.1.5 Hemosure Inc.

      6. 6.1.6 F. Hoffmann-La Roche AG

      7. 6.1.7 QuidelOrtho Corporation

      8. 6.1.8 Siemens Healthineers AG

      9. 6.1.9 Sysmex Corporation

      10. 6.1.10 Olympus Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Colorectal Cancer Screening Industry Segmentation

As per the scope of the report, colorectal cancer (CRC) is also known as bowel cancer and colon cancer. It is the development of cancer from the colon or rectum. Colorectal cancer (CRC) screening tests use kits and various medical devices for diagnosing cancer. The colorectal cancer screening market is segmented by screening test (stool-based tests, colonoscopy, CT colonography (virtual colonoscopy), flexible sigmoidoscopy, and other screening tests), end user (hospitals, independent diagnostic labs, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Screening Test
Stool-based Tests
Colonoscopy
CT Colonography (Virtual Colonoscopy)
Flexible Sigmoidoscopy
Other Screening Tests
By End User
Hospitals
Independent Diagnostic Labs
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Colorectal Cancer Screening Market Research FAQs

The Colorectal Cancer Screening Market size is expected to reach USD 15.48 billion in 2024 and grow at a CAGR of 5.16% to reach USD 19.91 billion by 2029.

In 2024, the Colorectal Cancer Screening Market size is expected to reach USD 15.48 billion.

Epigenomics Inc., Exact Sciences Corporation, Hemosure Inc., Eiken Chemical Co. Ltd and QuidelOrtho Corporation are the major companies operating in the Colorectal Cancer Screening Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Colorectal Cancer Screening Market.

In 2023, the Colorectal Cancer Screening Market size was estimated at USD 14.72 billion. The report covers the Colorectal Cancer Screening Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Colorectal Cancer Screening Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Colorectal Cancer Screening Industry Report

Statistics for the 2024 Colorectal Cancer Screening market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Colorectal Cancer Screening analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Colorectal Cancer Screening Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)