Alpha-fetoprotein (AFP) Tumor Market Revenue was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 2.8 Billion by 2033, growing at a CAGR of 7.5% from 2026 to 2033.
The global Alpha-fetoprotein (AFP) tumor market was valued at USD 3.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. This growth is driven by the increasing prevalence of liver cancer, particularly in regions with high incidences of hepatitis and cirrhosis. North America dominates the market with a share of 35%, owing to advanced healthcare infrastructure, high adoption of AFP testing, and robust research activities. The region’s AFP tumor market is expected to reach USD 1.2 billion by 2030, growing at a CAGR of 6.8%. Europe holds the second-largest market share, accounting for approximately 28%, with a strong focus on early detection and personalized medicine, leading to a projected market size of USD 900 million by 2030. The Asia Pacific region is anticipated to experience the highest growth rate during the forecast period, with a CAGR of 8.2%, driven by the rising burden of liver cancer and expanding healthcare accessibility, especially in China and India.
The demand for AFP testing is increasing in emerging markets, particularly in Latin America and the Middle East, where liver cancer cases are on the rise. The Latin American market size was valued at USD 230 million in 2022 and is expected to expand at a CAGR of 6.5%, while the Middle East market is forecast to grow at a CAGR of 7.8%. This growth is attributed to growing healthcare awareness and the rising number of liver cancer cases. The ongoing development of cost-effective diagnostic tools and expanding healthcare access in these regions is expected to open new opportunities for market players. With an increasing focus on early diagnosis and personalized treatment, the AFP tumor market is expected to see significant developments, particularly in regions with high liver cancer rates.
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Abbott Laboratories
Labcorp
Roche Diagnostics
Thermo Fisher Scientific
MP Biomedicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Alpha-fetoprotein (AFP) Tumor Market
Children
Adults
Elderly
Hepatocellular Carcinoma (HCC)
Germ Cell Tumors
Non-Small Cell Lung Carcinoma (NSCLC)
Other Malignancies
Diagnostic Tests
Monitoring Tests
Hospitals
Diagnostic Laboratories
Research Institutions
Advanced Technology Adoption
Moderate Technology Adoption
Emerging Technology Adoption
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Alpha-fetoprotein (AFP) Tumor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Alpha-fetoprotein (AFP) Tumor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Alpha-fetoprotein (AFP) Tumor Market, By Type
6. Global Alpha-fetoprotein (AFP) Tumor Market, By Application
7. Global Alpha-fetoprotein (AFP) Tumor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Alpha-fetoprotein (AFP) Tumor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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