The global liquid biopsy market is valued at USD 5.4 billion in 2023 growing at a CAGR of 15.2% during the forecast period 2023-2035.
Cancer stands as the second most prevalent cause of mortality worldwide, presenting an escalating global health concern. Projections by the World Health Organization (WHO) estimate a staggering 16.3 million cancer-related fatalities by 2040. Among the spectrum of cancer types, breast cancer leads as the most commonly occurring globally, trailed by lung, colorectal, and prostate cancers. Statistical data from the Surveillance, Epidemiology, and End Results (SEER) program indicate an anticipated 18% lifetime diagnosis rate for women regarding breast cancer, with an estimated 297,790 new cases anticipated in 2023. To counteract this mounting burden, numerous cancer research institutions actively engage in pioneering methodologies and patient-centric strategies targeting early detection and treatment of cancer. Early identification of cancer constitutes a pivotal factor in bolstering treatment efficacy and augmenting patient survival rates. For decades, tissue biopsy has stood as the benchmark for cancer diagnosis. However, the drawbacks inherent in this invasive procedure-ranging from discomfort, pain to the risk of complications-have impeded its widespread adoption. Nonetheless, extensive exploration into liquid biopsy over recent years has propelled its acknowledgment as a viable diagnostic technique for cancer. The last decade, in particular, has witnessed remarkable advancements in liquid biopsy platforms, resulting in increased regulatory endorsements for minimally invasive blood-based tests. These products present an avenue for early cancer detection and patient monitoring, offering accessibility and minimal invasiveness. Leveraging blood samples or other bodily fluids like urine or plasma, these tests discern genetic mutations and various circulating biomarkers, encompassing circulating tumor DNA, cell-free DNA, and extracellular vesicles. These non-invasive assessments are revolutionizing cancer care, particularly for individuals in advanced cancer stages.
Key Market Segments:
Application
- Early Cancer Diagnosis
- Patient Monitoring
- Recurrence Monitoring
Type of Target Disease Indication
- Bladder Cancer
- Breast Cancer
- Colorectal Cancer
- Gastric Cancer
- Lung Cancer
- Prostate cancer
- Others
Type of Circulating Biomarker
- Cell Free DNA
- Cell Free RNA
- Circulating Tumor DNA
- Extracellular Vesicles
- Other Circulating Biomarkers
Type of Sample
- Blood / Plasma
- Other Analytes
End User
- Hospitals
- Research Institutes
- Others
Key Geographical Regions:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Research Coverage:
- The report studies the liquid biopsy market based on application, target disease indication, type of circulating biomarker, type of sample, end users, stage of development, type of product, type of technique, application area and key geographical regions
- The report analyzes factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth
- The report assesses the potential advantages and obstacles within the market for those involved and offers information on the competitive environment for top players in the market.
- The report forecasts the revenue of market segments with respect to four major regions
- A detailed outline of the research approach employed for studying the liquid biopsy market and non-invasive cancer diagnostics. This includes methodologies, assumptions, and quality control measures adopted to ensure the reliability and accuracy of findings.
- Examination of historical trends, currency fluctuations, foreign exchange impacts, recessions, and inflation measurements that influence the overall liquid biopsy market.
- Concise summary capturing key insights from the research, providing a high-level view of the current status of the liquid biopsy market and its anticipated evolution in the short, mid, and long terms.
- Overview of cancer statistics, emphasizing the global disease burden, the significance of early cancer detection and screening, and insights into different types of circulating biomarkers based on their functionality. Additionally, exploration of emerging trends in intellectual property related to non-invasive cancer diagnostics, liquid biopsy costs, benefits, challenges, and their importance.
- Emphasis on the necessity and significance of non-invasive cancer diagnostics, inclusive of various imaging techniques, screening assays, advanced diagnostic approaches, along with their respective advantages and disadvantages.
- Detailed assessment of the liquid biopsy product market based on multiple parameters like development stage, product types (assay kits, devices, software/algorithms), sample types, techniques used, circulating biomarkers, target disease indications, applications, and players involved.
- Tabulated profiles of leading liquid biopsy companies focusing on their establishment, workforce, headquarters, financial performance, product portfolio, recent developments, and future outlook.
- Examination of recent collaborations within the liquid biopsy market, considering parameters such as partnership types, circulating biomarkers, target disease indications, most active players, and regional distributions.
- In-depth analysis of funding and investments in liquid biopsy companies between 2016 and 2023, considering various parameters like funding types, target disease indications, application areas, geographic distribution, leading investors, and notable funding instances.
- Detailed evaluation of liquid biopsy product competitiveness based on supplier strength, product attributes, company size, and technological advancements.
- Comprehensive analysis of initiatives by major pharmaceutical companies, focusing on areas of interest, stages of development, product types, target indications, and application areas.
- Review of historical acquisition activities since 2016, identifying potential acquisition targets within the industry.
- Detailed insight into various non-invasive diagnostic tests, besides liquid biopsies, offered by different companies for cancer screening and early detection.
- In-depth examination of growth factors, potential limitations, emerging opportunities, and existing challenges influencing the liquid biopsy market.
Key Benefits of Buying this Report:
- The report offers market leaders and newcomers valuable insights into revenue estimations for both the overall market and its sub-segments.
- Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
- The report provides stakeholders with a pulse on the liquid bipsy market, furnishing them with essential information on significant market drivers, barriers, opportunities, and challenges.
Key Market Companies:
- Amoy Diagnostics
- ArcherDX
- Biocartis
- Cell Search
- CellMax Life
- Datar Cancer Genetics
- DiaCarta, EONE-DIAGNOMICS
- Exosome Diagnostics
- GeneCast Biotechnology
- Integrated DNA Technologies
- Lucence
- MDNA Life Sciences
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- Miltenyi Biotec
- NeoGenomics
- ONCODE Scientific
- OncoDNA
- QIAGEN
- PANAGENE
- Personal Genome Diagnostics
- Predicin
- ScreenCell
- Tecan
- Thermo Fisher Scientific
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