The Reports and Insights, a leading market research company, has recently releases report titled “Liquid Biopsy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Liquid Biopsy Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Liquid Biopsy market?
The global liquid biopsy market was valued at US$ 13.95 Billion in 2023, and is expected to register a CAGR of 7.6% over the forecast period and reach US$ 26.9 Bn in 2032.
What is Liquid Biopsy?
Liquid biopsy is a minimally invasive diagnostic approach that involves examining a blood or other bodily fluid sample to detect and monitor diseases, notably cancer. Unlike conventional biopsies, which require invasive procedures to extract tissue samples, liquid biopsies analyze circulating tumor cells (CTCs), cell-free DNA (cfDNA), and other biomarkers to provide valuable insights into a patient's condition. This method is particularly beneficial for tracking treatment effectiveness, identifying disease relapse, and pinpointing genetic mutations that can inform personalized treatment plans.
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What are the growth prospects and trends in the Liquid Biopsy industry?
The liquid biopsy market growth is driven by various factors and trends. The liquid biopsy market is experiencing rapid growth, primarily due to the rising cancer rates and the need for less invasive diagnostic methods. This market includes various technologies, such as detecting circulating tumor cells (CTCs), analyzing cell-free DNA (cfDNA), and isolating exosomes, all of which allow for cancer and other diseases to be detected and monitored through simple blood tests. The market is characterized by extensive research and development efforts aimed at improving the accuracy, specificity, and cost-effectiveness of liquid biopsy tests. Major players in the market are focusing on forming strategic partnerships and collaborations to improve their product offerings and expand their presence in this expanding sector. Hence, all these factors contribute to liquid biopsy market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Sample Type
- Blood-based Liquid Biopsy
- Urine-based Liquid Biopsy
- Saliva-based Liquid Biopsy
- Cerebrospinal Fluid-based Liquid Biopsy
By Biomarker Type
- Circulating Tumor DNA (ctDNA)
- Circulating Tumor Cells (CTCs)
- Extracellular Vesicles (EVs)
- Other Biomarkers
By Application
- Oncology
- Infectious Disease Testing
- Prenatal Testing
- Transplant Rejection Monitoring
By End User
- Hospitals and Clinics
- Diagnostic Laboratories
- Academic and Research Institutes
- Pharmaceutical and Biotechnology Companies
By Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East
- Africa
Who are the key players operating in the industry?
The report covers the major market players including:
· Thermo Fisher Scientific Inc.
· Illumina, Inc.
· BIOCEPT, INC.
· Bio-Rad Laboratories, Inc.
· Exact Science Corporation
· Menarini Silicon Biosystems
· Epic Sciences
· NeoGenomics Laboratories
· Mdxhealth
· F. Hoffmann-La Roche Ltd.
· QIAGEN
· Oncocyte Corporation
· Johnson & Johnson Services, Inc.
· PathAI
· Fluxion Biosciences Inc.
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