Liquid Biopsy Market To Reach USD 6,804.9 Million By 2028 AT A CAGR Of 20.9% - Valuates Reports
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Major factors driving the growth of the liquid biopsy market are:
TRENDS INFLUENCING LIQUID BIOPSY MARKET
An increase in the number of cancer patients is driving the liquid biopsy market. A liquid biopsy could aid in the detection of cancer at an early stage. It can also be used to aid in treatment planning, as well as to determine how well treatment is working and whether cancer has returned. The ability to take many blood samples over time may also aid doctors in determining what molecular alterations are occurring in a tumor.
Furthermore, an increase in preference for minimally invasive therapies is also fuelling the growth of the liquid biopsy market size. A liquid biopsy is a simple and non-invasive technology that allows scientists to track all genetic and epigenetic changes in solid tumors using a simple blood sample. As a result, all molecular parameters of thyroid cancers can be considered for liquid biopsy.
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LIQUID BIOPSY MARKET SHARE ANALYSIS
Based on product & service, due to the need for reagents to perform liquid biopsy tests and their applicability, the kits & reagent segment produced the most revenue in 2020.
Based on end-user, the liquid biopsy market share is projected to be dominated by the hospital and laboratory segment. This is due to the widespread use of liquid biopsy testing for cancer diagnosis in hospital settings.
Based on region, North America accounted for the largest share of the liquid biopsy market in 2020. The expansion of the North American liquid biopsy market is fueled by factors such as a high cancer prevalence rate, widespread use of novel liquid biopsy tests, the availability of improved healthcare infrastructure, and high healthcare expenditure. However, due to rising disposable income, increased government initiatives to upgrade healthcare infrastructure, and rising healthcare expenditure, Asia-Pacific is expected to have the greatest CAGR during the projection period.
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Key Market Segments
By Product & Service
By Circulating Biomarker
By Cancer Type
By Region
Key Companies:
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SIMILAR REPORTS :
- The global breast cancer liquid biopsy market was valued at USD 87,641 thousand in 2019, and is projected to reach USD 357,051 thousand by 2027, registering a CAGR of 19.2% from 2019 to 2027.
- Global Liquid Biopsy IVD Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product-Type: Circulating Tumor Cells, Circulating Tumor DNA, Extracellular Vesicles, Others, Application: Blood Sample Based, Urine Sample Based, Other Bio Fluids Based.
- Global Blood Collection Tubes for Liquid Biopsy Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product-Type: Plastic, Glass, Application: IVD, Research Use.
- Global Cancer Biopsy Market Research Report contains Market Size, Market Share, Market Dynamics, Potter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Cancer Biopsy, Product-Type: Tissue Biopsies, Liquid Biopsies, Others, Application: Breast Cancer, Colorectal Cancer, Cervical Cancers, Lung Cancers, Prostate Cancers, Skin Cancers, Blood Cancers, Kidney Cancers, Others.
- The global biopsy devices market size was valued at USD 2,728 Million in 2018 and is expected to reach USD 4,310 Million by 2026, registering a CAGR of 5.9% during the forecast period.
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