Liquid Biopsy Market Size, Industry Analysis Report By Sampling Type (Blood Sampling Liquid Biopsy, Urine Sampling Liquid Biopsy and Saliva), By Circulating Biomarker (Circulating Tumour Cells, Circulating Tumour DNA (CTDNA), Cell-Free DNA, Extracellular Vesicles (EVS)), By Clinical Application (Early Cancer Screening, Therapy Selection, Treatment Monitoring, Recurrence Monitoring), By Basis of End Use (Reference Laboratories, Hospitals and Physician Laboratories, Academic and Research Centres) & Region – Forecast
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 239
- CATEGORY
- Healthcare & Life Sciences
The global liquid biopsy market size was valued at USD 7.05 billion in 2022 and is expected to grow at a CAGR of 14.4% during the forecast period. By using a blood sample as a non-invasive substitute for surgical biopsies, liquid biopsy enables medical professionals to learn more about a tumor and tailor the treatment accordingly. It can provide a solid foundation for customized therapy and reflect changes in the tumor gene expression profile. It helps with medication resistance, tumor heterogeneity, and early diagnosis screening. In addition, it finds mutations in the EGFR gene, which are found in patients with non-small cell lung cancer (NSCLC).
Liquid Biopsy Market- Growth Factors
Worldwide, there is an increase in cancer patients as a result of sedentary lifestyles and increased cigarette use. One of the main reasons propelling the market is this, along with the rising public awareness of sophisticated minimally invasive (MI) techniques in cancer diagnostics. Additionally, governments in numerous nations are funding research and development (R&D) initiatives to support the launch of cutting-edge cancer treatments. These institutions also make large investments in the growth of the healthcare sector, which presents profitable prospects for industry participants to expand. In addition, major market players are concentrating on product introductions to expand customized medicine globally.
Liquid Biopsy Market – Market Trends
• The rising incidence of cancer among the world's population and growing knowledge of the existence of many non-invasive treatments are the main factors driving the global liquid biopsy market.
• Breast cancer is now the most prevalent type of cancer diagnosed worldwide due to the increased prevalence of the disease among females. Around 2.5 million new cases of breast cancer were reported in 2022, with prostate, colorectal, and lung cancers following closely after.
• The new liquid biopsy method has a number of advantages, including quick results, low price, early prognosis, eliminating tumor heterogeneity, low risk, and non-invasiveness.
• As a result of early cancer detection, tumour progression monitoring, and clinical prognosis assessment capabilities, liquid biopsy technology is experiencing market expansion.
Liquid Biopsy Market – Segmentation
Liquid Biopsy Market on the basis of Sampling type, the market is fragmented into:
• Blood Sampling Liquid Biopsy
• Urine Sampling Liquid Biopsy and Saliva
• Other Tissue Fluids Sampling Liquid Biopsy
Liquid Biopsy Market on the basis of Products and services, the market is bifurcated into:
• Assays Kits
• Instruments and Services
Liquid Biopsy Market on the basis of circulating biomarker, the market is classified into:
• Circulating Tumour Cells
• Circulating Tumour DNA (CTDNA)
• Cell-Free DNA
• Extracellular Vesicles (EVS)
• Other Circulating Biomarkers
Liquid Biopsy Market on the basis of clinical application, the market is categorized into:
• Early Cancer Screening
• Therapy Selection
• Treatment Monitoring
• Recurrence Monitoring
Liquid Biopsy Market on the basis of end user, the market is segregated into:
• Reference Laboratories
• Hospitals and Physician Laboratories
• Academic and Research Centres
• Other End Users
Liquid Biopsy Market –Regional Analysis
The solid system of healthcare facilities, growing investment from major players in the development of advanced devices, an increasing number of processes for drug development, the strict regulatory environment in the pharmaceutical industry, and the increasing number of research activities in this region all contribute to North America's dominance of the liquid biopsy market. Due to the rise in policy measures to raise awareness, an increase in medical tourism, expanding research activities in the region, an increase in cancer cases, and an increase in the demand for high-quality healthcare in the region, Asia-Pacific is predicted to experience significant growth during the forecast period.
Liquid Biopsy Market – Key Market players
The major players in the market are F. Hoffmann-La Roche Ltd. (Switzerland), Myriad Genetics, Inc. (US), QIAGEN (Netherlands), Thermo Fisher Scientific, Inc. (US), Guardant Health, Inc. (US), MDxHealth SA (Belgium), Exact Sciences Corporation (US), Illumina Inc. (US), Sysmex Inostics (US), Bio-Rad Laboratories, Inc. (US), Biocept, Inc. (US), NeoGenomics, Inc. (US), ANGLE plc (UK), Menarini-Silicon Biosystems (Italy), Vortex Biosciences, Inc. (US), Exosome Diagnostics, Inc. (US), Agena Bioscience, Inc. (US), MedGenome Inc. (US), Epigenomics AG (Germany), and Personal Genome Diagnostics, Inc. (US) among others.
Report scope
Global Liquid Biopsy Market: Historical Years- 2018-2021
Global Liquid Biopsy Market: Forecast Years- 2022-2030
Global Liquid Biopsy Market 2022- USD 7.05 billion
Global Liquid Biopsy Market CAGR- 14.4%
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