Liquid Biopsy Market Overview:
According to the latest report by IMARC Group, titled “Liquid Biopsy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global liquid biopsy market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global liquid biopsy market size reached a value of US$ 1.49 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.7 Billion by 2027 exhibiting a CAGR of 15.70% during 2022-2027.
What is liquid biopsy market?
Liquid biopsy refers to a non-invasive alternative to surgical biopsies enabling doctors to obtain information about a tumor via a blood sample and plan the treatment accordingly. It offers a robust base for individualized therapy and can reflect changes in tumor gene expression profile. Liquid biopsy aids in the early diagnosis screening, tumor heterogeneity, drug resistance, etc. In addition to this, it detects epidermal growth factor receptor (EGFR) gene mutations, which occur among patients with non-small cell lung cancer (NSCLC). Consequently, liquid biopsy is extensively utilized in academic and research centers, hospitals, laboratories, etc.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Liquid Biopsy Market Trends and Drivers:
The increasing consumer awareness towards advanced minimally invasive (MI) procedures in cancer diagnostics is primarily driving the liquid biopsy market. Besides this, government bodies are investing in R&D activities to encourage the introduction of advanced cancer solutions, which is further catalyzing the market growth.
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Moreover, leading manufacturers are focusing on developing personalized medicine and integrating technological advancements in liquid biopsy to offer better procedure workflow as well as output. This, in turn, is also propelling the demand for liquid biopsy. Additionally, the widespread adoption of exosomes for clinical diagnosis in oncology to provide high accuracy and reduced procedural time is acting as another significant growth-inducing factor.
Apart from this, numerous advancements in digital polymerase chain reaction (PCR) and next-generation sequencing (NGS) based technology are anticipated to fuel the liquid biopsy market over the forecasted period.
Global Liquid Biopsy Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Liquid Biopsy Companies:
ANGLE plc, Biocept Inc., Bio-Rad Laboratories Inc, Epigenomics AG, Exact Sciences Corporation, F. Hoffmann-La Roche AG, Guardant Health Inc., Illumina Inc., MDxHealth SA, Menarini Silicon Biosystems, QIAGEN N.V. and Thermo Fisher Scientific Inc.
The report has segmented the market on the basis of region, product and service, circulating biomarker, cancer type and end user.
Breakup by Product and Service:
- Kits and Reagents
- Platforms and Instruments
Breakup by Circulating Biomarker:
- Circulating Tumor Cells
- Extracellular Vesicles
- Circulating Tumor DNA
Breakup by Cancer Type:
- Lung Cancer
- Breast Cancer
- Colorectal Cancer
- Prostate Cancer
- Liver Cancer
Breakup by End User:
- Hospitals and Laboratories
- Academic and Research Centers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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