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Cancer Diagnostics Market to Reach US$ 41.5 Billion by 2031 at 7.2% CAGR, says Wissen Research

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SHERIDAN, Wyo., Oct. 15, 2026 /PRNewswire/ — The global cancer diagnostics market is valued at USD 29.3 billion in 2026 and is projected to reach USD 41.5 billion by 2031, growing at a CAGR of 7.2% over the forecast period (2026–2031), according to a new study by Wissen Research.

The starting point is simple: more people need testing. The International Agency for Research on Cancer (IARC) counted about 20 million new cancer cases and 9.7 million cancer deaths worldwide in 2022, and expects annual new cases to pass 35 million by 2050. Every one of those patients may need screening, diagnosis, staging, molecular characterization, and follow-up, so the load on diagnostic tools keeps building.

What is changing faster is how the testing gets done. Diagnosis that once leaned mostly on imaging and a pathologist’s reading of tissue is becoming a layered process that also draws on digital pathology, molecular and genomic tests, liquid biopsy, and AI.

Get a Free Sample of This Report to Explore Key Findings and Data: https://www.wissenresearch.com/request-a-sample/?report=cancer-diagnostics-market 

Diagnosis Is Becoming a Stack: Imaging and Pathology Now Share the Work With Molecular and AI Tools

Mammography, CT, MRI, and tissue pathology are still the backbone of cancer diagnosis. Pathology in particular remains central, since examining tissue and cells under the microscope is how a cancer is confirmed, and immunohistochemistry adds protein-level detail that helps pin down the tumor type and the right therapy. What the report highlights is the layer being added on top. According to the National Cancer Institute, an advanced diagnosis now tells clinicians not only where the cancer is and how far it has spread, but also what type it is and which genetic and molecular changes could influence treatment.

That is where precision oncology comes in. Molecular testing is used to profile tumors and find markers that guide treatment, and next-generation sequencing based comprehensive genomic profiling lets labs look at several biomarkers from a single sample. The FDA’s list of companion diagnostics, which identify patients likely to benefit from a particular therapy, those at risk of severe side effects, or how well a treatment is working, is increasingly populated with NGS and liquid biopsy tests. AI is joining the mix as well. Tools are being built for medical imaging, digital pathology, and lesion detection and classification, the FDA has approved AI systems for medical use, and the NCI continues to advance research on AI in cancer imaging.

Liquid Biopsy Is Moving Up, But Tissue Isn’t Going Anywhere

Liquid biopsy is fast becoming an important tool because it can pick up signs of cancer in blood or other body fluids instead of requiring a tissue sample each time. The NCI describes it as testing blood for cancer cells or pieces of tumor DNA, with uses that include diagnosis, treatment decisions, tracking response, and spotting recurrence. The FDA has already approved liquid biopsy companion diagnostics, including tests that use NGS to analyze circulating DNA from plasma.

The report is careful about the limits, though. Liquid biopsy is not yet ready to replace tissue-based diagnostics across the board, and questions about sensitivity, specificity, clinical utility, and validation remain open. The same caution applies to multi-cancer detection tests, where the NCI is still studying how they should fit into screening and what they would mean for patient outcomes.

What’s Fueling Growth in the Cancer Diagnostics Market

More patients to test: Demographic change is expanding the number of people who need screening, diagnosis, staging, and monitoring.A push for earlier detection: The WHO separates early diagnosis in people with symptoms from screening in people without them, and says earlier detection leads to better treatment outcomes. Screening for breast, cervical, colorectal, and lung cancer keeps imaging, cytology, and other tests in steady demand.Precision oncology: Molecular testing is now used to profile tumors and find markers that decide treatment, lifting demand for molecular and biomarker diagnostics.Genomic testing and liquid biopsy: NGS-based profiling checks multiple genetic changes at once, while liquid biopsy looks at tumor-derived DNA in blood or other fluids.AI and digitalization: AI is being developed for medical imaging, digital pathology, lesion detection and classification, and handling complex diagnostic data.Asia Pacific build-out: New hospitals, diagnostic labs, and cancer hospitals, along with public screening programs, are widening access to modern diagnostics across the region.

Challenges Facing the Cancer Diagnostics Market

A new cancer test has to clear a high bar before it earns clinical trust. Developers contend with diagnostic accuracy, sample quality, tumor heterogeneity, biomarker variability, false positives and false negatives, turnaround time, reimbursement, data interoperability, and regulatory requirements. Each technology has its own version of the problem. Molecular testing can be limited by scarce tissue and by tumors that contain genetically distinct populations. Liquid biopsy has to detect very low concentrations of tumor material. AI tools for imaging and pathology need the right datasets and proper clinical validation.

There is also a harder question behind the technical ones. A test can reveal a biomarker or an abnormality without proving that using it improves patient outcomes, which is why clinical utility matters so much for newer approaches such as multi-cancer detection.

Recent Strategic Developments in the Cancer Diagnostics Market

On September 28, 2026, Leica Biosystems, a subsidiary of Danaher Corporation, completed its acquisition of StatLab Medical Products. The deal widens Leica’s anatomic pathology portfolio across specimen collection, preparation, staining, digital imaging, and AI-enabled diagnosis, strengthening its end-to-end pathology capabilities and supporting faster, more standardized cancer diagnostic workflows.

On July 27, 2026, Siemens Healthineers AG and Vanderbilt Health entered an $87 million multi-year partnership to modernize diagnostic imaging and radiation oncology. The agreement covers MRI, CT, molecular imaging, and interventional radiology systems, and advances AI-enabled radiology, personalized medicine, and workflow automation.

On May 7, 2026, F. Hoffmann-La Roche Ltd entered a definitive agreement to acquire PathAI for up to $1.05 billion, including $750 million upfront and milestone payments. The acquisition was expected to strengthen Roche’s digital pathology and AI capabilities by integrating PathAI’s AI-powered pathology platform with Roche’s oncology diagnostics and companion diagnostics portfolio.

Taken together, the three deals put money behind pathology, imaging, and AI-enabled workflows.

Key Insights from Cancer Diagnostics Market Analysis

IVD testing held the largest share by product type in 2025, reflecting how widely laboratory testing is used for diagnosis, disease characterization, biomarker assessment, and treatment decisions. The category covers kits and reagents, PCR and NGS instruments, in situ hybridization, immunohistochemistry, and other laboratory technologies.Diagnosis and disease characterization held the largest share by application in 2025, because malignancy has to be confirmed and its biology characterized before treatment begins. Molecular and genomic testing identifies mutations, gene fusions, biomarker expression, microsatellite instability, and mismatch-repair status that can steer treatment choice.North America held the largest regional share in 2025, supported by advanced medical infrastructure, established cancer-screening programs, advanced imaging and laboratory technology, molecular diagnostics, and a number of global diagnostic and medical-device leaders.Asia Pacific is the fastest-growing region, driven by a rising cancer burden, better healthcare infrastructure, and investment in diagnostic facilities.The market is moderately consolidated in established diagnostic technologies but remains fragmented across emerging molecular, liquid biopsy, digital pathology, and AI-enabled applications, where major diagnostic and life-sciences companies compete alongside specialized molecular-diagnostic and oncology-focused technology companies.

Key Players in the Cancer Diagnostics Market

Leading companies in the cancer diagnostics market are focusing on medical imaging, pathology, molecular diagnostics, genomic testing, companion diagnostics, liquid biopsy, cancer screening, digital pathology, artificial intelligence, and expansion of precision-oncology testing.

The report names F. Hoffmann-La Roche, Danaher, Abbott Laboratories, Thermo Fisher Scientific, and Siemens Healthineers as the top five players, with established positions across pathology, molecular diagnostics, genomic testing, medical imaging, biomarker testing, laboratory diagnostics, and precision oncology. Recent moves show where several of them are heading:

Roche (Switzerland): digital pathology, AI, and companion diagnostics, reinforced by its agreement to acquire PathAI.Danaher (US): anatomic pathology through Leica Biosystems and its StatLab acquisition.Siemens Healthineers (Germany): diagnostic imaging and radiation oncology, including its partnership with Vanderbilt Health.Abbott (US) and Thermo Fisher Scientific (US): also in the top five, and, along with GE HealthCare and Hologic, among the companies the report points to as active in North America.

Other companies covered in the report include QIAGEN, Illumina, Agilent Technologies, Becton Dickinson, Exact Sciences, Guardant Health, Natera, GRAIL, and Tempus AI.

Regional Analysis and Growth Opportunities

North America leads the cancer diagnostics market. The U.S. has a well-built regulatory and clinical environment for the field, with the FDA overseeing laboratory diagnostic devices, imaging technologies, and companion diagnostics. The region also combines a large cancer patient population, developed screening systems, advanced diagnostic laboratories, precision oncology programs, and high healthcare spending. Roche, Danaher, Abbott, Thermo Fisher Scientific, GE HealthCare, and Hologic are among the companies the report points to as active in cancer diagnostics.

Asia Pacific is expected to grow rapidly, mainly because of a rising cancer burden, better healthcare infrastructure, and investment in diagnostic facilities. New hospitals, diagnostic labs, and cancer hospitals have made modern diagnostic processes more accessible, and as healthcare becomes more digital, more stakeholders are adopting molecular diagnosis, gene testing, digital diagnostics, and advanced imaging. Public cancer screening programs, health awareness campaigns, and more private healthcare facilities add to the momentum.

Europe, Latin America, and the Middle East & Africa complete the report’s regional coverage.

Need Insights Specific to Your Business? Request a Customized Version of This Report

Market Segmentation Snapshot

The global cancer diagnostics market is segmented across product type, technology type, tumor type, application type, end-use industry type, and region:

By Product Type:Anatomic Pathology (Instruments: Slide Staining Systems, Tissue Processing Systems, Cell Processors, Microtomes, Embedding Systems, Cover Slippers, Digital Pathology Scanners, Other Anatomic Pathology Instruments; Consumables: Antibodies, Kits & Reagents, Probes, Other Consumables)IVD Testing (Kits & Reagents; Instruments: PCR Instruments, NGS Instruments, Microarrays; In Situ Hybridization; Immunohistochemistry; Immunoassay; Flow Cytometry; Other IVD Testing Instruments)Imaging-Based (Instruments: CT Systems, Ultrasound Systems, MRI Systems, Mammography Systems, PET-CT)Consumables (Contrast Agents, Radiopharmaceuticals)By Technology Type:Imaging Technologies (Magnetic Resonance Imaging, Computed Tomography, Positron Emission Tomography, Mammography, Ultrasound)Anatomic Pathology (Histopathology, Cytopathology)IVD Testing (Polymerase Chain Reaction, In Situ Hybridization, Immunohistochemistry, Next-Generation Sequencing, Immunoassay, Microarray, Flow Cytometry, Other IVD Technologies)BiopsiesBy Tumors Type:Hematologic / Liquid TumorsSolid TumorsBy Application Type:Treatment Decision SupportTreatment Monitoring & Disease Progression AssessmentPost-Treatment Surveillance & Recurrence DetectionScreening & Early DetectionDiagnosis & Disease CharacterizationBy End Use Industry Type:Hospitals & ClinicsDiagnostic LaboratoriesBy Region:North AmericaEuropeAsia-PacificLatin AmericaMiddle East & Africa

Frequently Asked Questions

Q: What is the size of the cancer diagnostics market? A: The global cancer diagnostics market is estimated at USD 29.3 billion in 2026 and is projected to reach USD 41.5 billion by 2031.

Q: What is the growth rate of the cancer diagnostics market? A: The cancer diagnostics market is projected to grow at a CAGR of 7.2% between 2026 and 2031.

Q: What is cancer diagnostics? A: Cancer diagnostics refers to the diagnostic products, technologies, and testing services used to detect, confirm, characterize, stage, monitor, and assess cancer and related disease biomarkers. It spans imaging-based diagnostics, in vitro diagnostic (IVD) testing, anatomic pathology, molecular and genomic testing, immunohistochemistry, immunoassays, cytology, and other technologies used across the cancer care pathway.

Q: Which product type leads the cancer diagnostics market? A: IVD testing held the largest share by product type in 2025, driven by the widespread use of laboratory testing for diagnosis, disease characterization, biomarker assessment, and treatment decisions.

Q: Which application leads the cancer diagnostics market? A: Diagnosis and disease characterization held the largest share by application in 2025, because malignancy must be confirmed and its biological and clinical features characterized before treatment.

Q: Which region leads the cancer diagnostics market? A: North America held the largest share of the cancer diagnostics market in 2025, while Asia Pacific is the fastest-growing region through 2031.

Q: Who are the top players in the cancer diagnostics market? A: Leading companies in the cancer diagnostics market include F. Hoffmann-La Roche Ltd, Danaher Corporation, Abbott Laboratories, Thermo Fisher Scientific Inc., and Siemens Healthineers AG, which have established positions across pathology, molecular diagnostics, genomic testing, medical imaging, biomarker testing, laboratory diagnostics, and precision oncology.

Q: What is a liquid biopsy? A: According to the National Cancer Institute, a liquid biopsy tests blood for cancer cells or pieces of DNA from tumors. It can help with diagnosis, treatment decisions, evaluating treatment response, and identifying recurrence, but it is not yet ready to replace tissue-based diagnostics universally.

Mammography, CT, MRI, and pathology remain the backbone of cancer diagnosis. What the report points to is a process that layers molecular, digital, and AI-based tools on top of them, and that is where companies are putting their money. For manufacturers and laboratories, the work ahead is proving that the newer tests deliver accurate, validated results that improve patient outcomes.

Get the Complete Cancer Diagnostics Market Report — Forecasts, Insights & Growth Opportunities: https://www.wissenresearch.com/market-research-reports-pricings/cancer-diagnostics-market

Expert Profile | Mayur Jain, Wissen Research 

Mayur Jain is a Research Expert at Wissen Research with multidomain expertise with more than 12+ years of experience in market research industry. 

Email: mayur@wissenresearch.com
LinkedIn:  https://www.linkedin.com/in/mayur-jain-0190542a/ 

About Wissen Research

Wissen Research is a global market intelligence and consulting firm specializing in healthcare, life sciences, technology, and emerging industries. The company provides data-driven insights, strategic market analysis, and industry forecasts to help organizations make informed business decisions and identify new growth opportunities across global markets

Company Contact:

Wissen Research LLC,
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Phone: (+1) 510 240 9853
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Website: https://www.wissenresearch.com/
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LinkedIn: https://www.linkedin.com/company/wissen-research 

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Canton Fair Buyers Alliance Launched as the 140th Edition Opens

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October 18, 2026

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GUANGZHOU, China, Oct. 17, 2026 /PRNewswire/ — On October 15, the Canton Fair Buyers Alliance was officially launched at the Canton Fair Complex, marking a significant milestone as the fair celebrates the 70th anniversary of its founding.

More than 140 overseas buyers attended the launch ceremony, highlighting the fair’s enduring role as a bridge connecting global commerce with China’s export sector.

Speaking at the ceremony, Luís Vilariça, CEO of Joinco, Import & Export, Ltd., discussed his company’s long-standing relationship with the Canton Fair. Drawing on years of participation, he reflected on the growth opportunities created through cooperation with Chinese suppliers and highlighted the fair’s role in supporting international business development and global trade exchanges.

The ceremony also featured a joint declaration by alliance members. Representatives from five member companies read the statement in their respective native languages, underscoring the international character of the new organization. Additional members sent video congratulatory messages, joining the celebration and witnessing the official launch of the alliance.

The Canton Fair Buyers Alliance represents one of the fair’s key service innovations. Designed primarily for Fortune Global 500 companies, buyers from the world’s top 250 retailers and leading sourcing enterprises across a diverse range of markets, the alliance aims to offer members a platform for information sharing and resource coordination. The first cohort of alliance members includes 58 companies from 32 countries and regions across 5 continents. Through the alliance, members will gain access to a range of priority benefits spanning four major areas: services, events, resources and information.

 For more convenient attendance, please click here for pre-registration:

https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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Bioethanol from human hair – Indian start-up’s solution to rising prices of grains and sugar

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October 18, 2026

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GUJARAT, India, Oct. 17, 2026 /PRNewswire/ — In what could be called the beginning of the 5G (fifth-generation) of bioethanol or non-cellulosic bioethanol or non-sugar-based biofuels, an Indian start-up, Techofest Global, based out of Gujarat, has developed its own, indigenous, and patented technology for the production of bioethanol from waste human hair. Such processes would significantly reduce the employment of sugars, grains, and agricultural residues, which form the classical first- and second-generation bioethanol feedstocks. As a result, the rising fuel-vs.-food/fodder debate is anticipated to reduce, and instead, ethanol produced from municipal/industrial waste, after trials, can supplement the current supply being used as blends with presently retailed fossil fuels (E20, E27, etc.). 

As stated by Dr. Ravi, the founder-CEO of Techofest Global, the strategic priority and the USP of the start-up is industrial symbiosis, which, typically, involves an ecosystem of up-cycling/valorising the effluents of an industry, thereby creating a value-chain for residues often lacking an end-of-life. With more than three decades of experience in designing customized nuclear fusion reactors for international programmes, such as ITER, JET/UKAEA and SST-1, Dr. Ravi, a seasoned mechanical engineer, spearheads the start-up’s patented technologies’ scale-up and commercialization.

Two biochemical engineers, Dr. Navnit – the former CTO, and Dr. Kabilan – the former CEO of Biomakerz, Chennai, are the brains behind the current technology/process portfolio of the joint-venture between Techofest Global and Biomakerz. They have been working on biorefineries’ process intensification for more than a decade. “Having foreseen the fuel-vs-fodder/food competition as early as the year 2015, we began developing techno-economically feasible and viable in-vitro metabolically-engineered bioprocesses for scaling-up ethanol production from municipal waste streams between 2019–2021”, says Navnit. After developing operational technologies for international biofuel organizations, serving process engineer roles with certain biorefineries-related OMC R&D’s of India, Dr. Navnit, presently works for a premier academic institution.

An on-going fermentation trial at the Techofest Global-Biomakerz JV’s R&D facility

Techofest Global has developed and tested, in its R&D JV’s pilot-facility of ~100-L, 3 innovative and cost-effective technologies, such as 5G ethanol production using human hair, used cooking oil (UCO), and enriched bio-methane production from disposed sanitary napkins.

“With massive CapEx and OpEx, 2G ethanol technology is facing a major commercialization bottleneck, owing to competition with food/livestock fodder, requirement of a cost-intensive pre-treatment procedure, and the requirement of cellulolytic cocktails, which have a poor recycle efficiency. The proprietary 5G SAFE process developed for the start-up circumvents the mentioned constraints, and instead, utilizes a single-stage saccharification followed by fermentation, and records over 85–90% biocatalyst recovery. Likewise, the proprietary SIM process for bio-methane production, exclusively developed for the start-up, is 2x faster with improved intermittent feeding cycles and continuous gas harvest”, says Navnit.

“With on-going pre-commercialization trials, the proprietary ethanol and bio-methane processes of ours are soon being commercialized”, says Ms. Bhumika, the co-founder and the corporate advisor of the start-up. Furthermore, Mr. Ronak pilots the organization’s global market entry and commercialization frontier.

Techofest Global’s veteran Principal Technology Advisors include: Dr VS Tripathi, former Joint Director, DRDE Gwalior, Dr B S Munjal, former Director, Structures and Thermal group, SAC/ISRO, Academician and Advisor CIKS-Dharohar, GTU, and Dr AV Santhanababu, former Scientist at Satish Dhawan Space Centre. With on-going R&D activities, Dr. Munjal says, “the start-up is striving to provide a unique solution along the lines of the Atmanirbhar and Viksit Bharat Vision 2047”.

Media Contact: www.techofestglobal.com; e-mail: info@techofestglobal.com; contact person: The PR team of Techofest Global.

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As AI Speeds Up Marketing, Louisville’s RedTag Bets on Strategy

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October 17, 2026

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Independent agency unveils new brand and website, and co-hosts Louisville’s PROOF AI Workshop

LOUISVILLE, Ky., Oct. 17, 2026 /PRNewswire/ — RedTag, an independent Louisville-based marketing agency, this month unveiled new positioning, marking its evolution from a digital performance agency into a strategy-first marketing partner. The move comes as AI makes execution faster than ever, and RedTag is betting that strategy, not speed, is what will set businesses apart. Clients can now choose from outcome-based programs that best fit their marketing needs. 

“Clients don’t come to us needing more tactics. They come to us needing a path,” said Russ Renbarger, founder and CEO of RedTag. “Our new brand says out loud what our work has shown for years: We start with strategy and build everything on that foundation.”

RedTag built its reputation on high-performing paid digital campaigns. Over the years, the agency expanded into strategy, creative, video production and website development, giving clients one partner for the full scope of their marketing. Most recently, a team of automation specialists has integrated AI across the agency to speed up production and analysis, guided by an internal AI policy that keeps people accountable for quality. The time AI saves goes back into strategy: knowing what to say, who to say it to and why.

“Our best client relationships have always been partnerships, where we’re in the room when the big decisions get made,” said Alison Conway, chief client officer at RedTag. “This evolution is about bringing that strategic partnership to every client.”

On Oct. 14, RedTag co-hosted the PROOF AI Workshop with Slingshot, Vsimple and Advanced Business Solutions. The hands-on event gave Louisville business leaders practical experience applying AI to their own work. RedTag led the event’s AI in Marketing and Branding track, with four sessions ranging from AI search optimization to a playbook for adopting AI across an organization.

“AI can produce hundreds of ads in an afternoon, but it can’t tell you which one your brand actually needs and why,” Renbarger said. “The faster the tools get, the more valuable human-led strategy becomes.”

RedTag was named the agency of record for the Commonwealth of Kentucky in 2025. Its client list includes PGA of America, Castle & Key Distillery, Bourbon Barrel Foods, ShopCaterpillar and American Beverage Marketers. Since 2023, RedTag’s work has received two Emmy Awards and more than 35 ADDY and AIGA awards. The agency is a four-time Louisville Business First Fast 50 honoree and was named one of the 2026 Best Places to Work in Kentucky.

To learn more about its outcome-based programs, visit RedTag Programs

About RedTag

RedTag is an independent, strategy-first marketing agency based in Louisville, Kentucky. Established in 2008, the agency starts every engagement by understanding the goal before recommending tactics. With a foundation rooted in discovery, RedTag delivers full-scale marketing campaigns built around each client’s business goals. RedTag serves organizations across hospitality, sports, agriculture, government, retail and consumer packaged goods. Learn more at redtag.agency.

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