BCC Research Blog | Industry Analysis and Business Consulting

How Oncology Diagnostics Are Reshaping the Fight Against Cancer

Written by Sandeep Singh Negi | Jul 31, 2025 1:00:00 PM

Early detection can mean the difference between life and death in the fight against cancer. That’s where oncology diagnostics steps in—bringing precision, speed, and clarity to cancer diagnosis and monitoring. As technology advances and awareness grows, oncology diagnostics are becoming a critical pillar of modern healthcare.

The global market for oncology diagnostics is poised for steady expansion. Valued at $77.6 billion in 2024, it is projected to reach $101.5 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.5%. This growth highlights the world’s increasing reliance on accurate, noninvasive, and data-driven cancer detection solutions.

What Are Oncology Diagnostics?

Oncology diagnostics refer to the tools, tests, and technologies used to detect cancer, determine its type and stage, monitor treatment response, and predict outcomes. These tests include:

  • Imaging technologies like MRI, CT scans, and PET scans
  • Biopsy procedures for histopathology
  • Molecular diagnostics such as gene expression profiling and liquid biopsies
  • In vitro diagnostics (IVDs), including blood tests and tumor marker detection
  • Companion diagnostics that guide targeted therapy selection

By enabling early and accurate diagnosis, oncology diagnostics empower healthcare providers to tailor treatment plans and improve patient survival rates.