Looking at Growing Demand of Liquid Biopsy: Market Size Is Anticipated To Reach A Valuation Of $3,805 Million By 2023

Liquid biopsy tests are executed to understand the molecular aspects of cancer across the healthcare and research settings, such as hospitals, physicians, pathological and research laboratories. It is a non-invasive blood test that could provide researchers, physicians, and surgeons with information about the cancer profile of the patient and appropriate therapy to improve the survival rate of the cancer patients.

Liquid Biopsy Market accounted for $634 million in 2016, and is estimated to reach at $3,805 million by 2023, registering a CAGR of 28.9% from 2017 to 2023. North America was the highest contributor in the liquid biopsy market in 2016; however, Asia-Pacific is anticipated to witness a highest growth rate throughout the forecast period.

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The key companies profiled in the report include

- Biocept, Inc.,
- Qiagen,
- F. Hoffmann-La Roche AG ,
- Bio-Rad Laboratories Inc.,
- Myriad Genetics ,
- Janssen Diagnostics, LLC.,
- Trovagene Inc.,
- Guardant Health Inc.,
- GRAIL, and
- MDX Health SA.

Liquid biopsy tests prove to be an easy and non-invasive method to access to molecular information about the tumor genome. Moreover, these tests facilitate early detection of cancer recurrence and characterization of tumor dynamics. Safety and efficiency of cancer treatment is improved by the use of these tests, owing to their ability to characterize new lesions, implement apt therapeutic targets, and predict the treatment outcome.

The advantages of implementing liquid biopsy over conventional methods of solid tissue biopsy are expected to boost the growth of the market. The advantages of liquid biopsies, such as minimally invasiveness and metastatic relapse evaluation, are expected to increase the demand for these tests. Furthermore, the increase in disposable income among cancer patients, surge in prevalence of cancer cases, and patient preference for minimally invasive therapies are anticipated to fuel the market growth. Rise in healthcare expenditure in the developing countries, such as India and China, and use of liquid biopsy tests to treat rare cancers are expected to present multiple opportunities for market growth. However, this growth is restricted, owing to alternatives to liquid biopsies and unclear reimbursement & regulation scenario.

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Reagent was the highest revenue contributor in 2016, and is anticipated to continue this trend in the future. The requirement of reagents to execute liquid biopsy tests and their applicability are expected to boost the growth of this segment.

Lung cancer dominates the cancer by type segment of liquid biopsy market. The U.S. Food and Drug Administration (FDA) has also approved a liquid biopsy companion diagnostic test called cobas EGFR mutation test v2 to identify patients with metastatic non-small cell lung cancer (NSCLC) In addition, the growth in prevalence of lung cancer has contributed to provide lucrative opportunities in the market.

In 2016, North America accounted for highest contribution to the total revenue generated, owing to the high prevalence rate of cancer and high adoption rate of novel liquid biopsy tests. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, attributable to rise in disposable income, increase in government initiatives to modernize healthcare infrastructure, and rise in healthcare expenditure.

Key Findings of the Liquid Biopsy Market:

- The government & academic research center segment is projected to grow at the highest rate during the analysis period.
- Hospital & laboratory segment was the highest revenue-generating segment, and is expected to continue its dominance in future.
- North America dominated global liquid biopsy market, and is projected to grow at a CAGR of 28.1%.
- China is expected to grow at the highest CAGR of 34.1% in Asia-Pacific region.
- The instruments segment is anticipated to grow at the highest CAGR of 29.8% during the forecast period.

LIST OF TABLES

TABLE 1. GLOBAL LIQUID BIOPSY MARKET, BY PRODUCT & SERVICE, 2016-2023 ($MILLION)
TABLE 2. KITS & REAGENTS BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. PLATFORMS & INSTRUMENTS LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. SERVICE LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. GLOBAL LIQUID BIOPSY MARKET, BY CIRCULATING BIOMARKER, 2016-2023 ($MILLION)
TABLE 6. GLOBAL CTC LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. CTDNA LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. EVS LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 9. OTHER BIOMARKERS LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 10. GLOBAL LIQUID BIOPSY MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 11. LUNG CANCER LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 12. BREAST CANCER LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 13. COLORECTAL CANCER LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 14. PROSTATE CANCER LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 15. LIQUID BIOPSY LIVER CANCER MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 16. LIQUID BIOPSY OTHER CANCERS MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 17. GLOBAL LIQUID BIOPSY MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 18. HOSPITAL AND LABORATORY LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 19. GOVERNMENT AND ACADEMIC RESEARCH CENTER LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 20. LIQUID BIOPSY MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 21. NORTH AMERICA LIQUID BIOPSY MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. NORTH AMERICA LIQUID BIOPSY MARKET, BY PRODUCT & SERVICE, 2016-2023 ($MILLION)
TABLE 23. NORTH AMERICA LIQUID BIOPSY MARKET, BY CIRCULATING BIOMARKER, 2016-2023 ($MILLION)
TABLE 24. NORTH AMERICA LIQUID BIOPSY MARKET, BY CANCER TYPE, 2016-2023 ($MILLION)
TABLE 25. NORTH AMERICA LIQUID BIOPSY MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 26. EUROPE LIQUID BIOPSY MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 27. EUROPE LIQUID BIOPSY MARKET, BY PRODUCT & SERVICE, 2016-2023 ($MILLION)
TABLE 28. EUROPE LIQUID BIOPSY MARKET, BY CIRCULATING BIOMARKER, 2016-2023 ($MILLION)
TABLE 29. EUROPE LIQUID BIOPSY MARKET, BY CANCER TYPE, 2016-2023 ($MILLION)
TABLE 30. EUROPE LIQUID BIOPSY MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 31. ASIA-PACIFIC LIQUID BIOPSY MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC LIQUID BIOPSY MARKET, BY PRODUCT & SERVICE, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC LIQUID BIOPSY MARKET, BY CIRCULATING BIOMARKER, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC LIQUID BIOPSY MARKET, BY CANCER TYPE, 2016-2023 ($MILLION)
TABLE 35. ASIA-PACIFIC LIQUID BIOPSY MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 36. LAMEA LIQUID BIOPSY MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 37. LAMEA LIQUID BIOPSY MARKET, BY PRODUCT & SERVICE, 2016-2023 ($MILLION)
TABLE 38. LAMEA LIQUID BIOPSY MARKET, BY CIRCULATING BIOMARKER, 2016-2023 ($MILLION)
TABLE 39. LAMEA LIQUID BIOPSY MARKET, BY CANCER TYPE, 2016-2023 ($MILLION)
TABLE 40. LAMEA LIQUID BIOPSY MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. BIOCEPT INC.: COMPANY SNAPSHOT
TABLE 42. BIOCEPT INC.: PRODUCT PORTFOLIO
TABLE 43. BIO-RAD LABORATORIES, INC.: COMPANY SNAPSHOT
TABLE 44. BIO-RAD LABORATORIES, INC.: OPERATING SEGMENTS
TABLE 45. BIO-RAD LABORATORIES, INC.: PRODUCT PORTFOLIO
TABLE 46. F. HOFFMANN-LA ROCHE LTD.: COMPANY SNAPSHOT
TABLE 47. F. HOFFMANN-LA ROCHE LTD.: OPERATING SEGMENT
TABLE 48. F. HOFFMANN-LA ROCHE LTD.: PRODUCT PORTFOLIO
TABLE 49. GUARDANT HEALTH INC.: COMPANY SNAPSHOT
TABLE 50. GUARDANT: PRODUCT CATEGORY
TABLE 51. ILLUMINA, INC.: COMPANY SNAPSHOT
TABLE 52. ILLUMINA, INC.: OPERATING SEGMENTS
TABLE 53. ILLUMINA, INC.: PRODUCT PORTFOLIO
TABLE 54. JOHNSON & JOHNSON: COMPANY SNAPSHOT
TABLE 55. JOHNSON & JOHNSON: OPERATING SEGMENTS
TABLE 56. JOHNSON & JOHNSON: PRODUCT PORTFOLIO
TABLE 57. MDXHEALTH SA: COMPANY SNAPSHOT
TABLE 58. MDXHEALTH SA: PRODUCT CATEGORIES
TABLE 59. MYRIAD GENETICS, INC.: COMPANY SNAPSHOT
TABLE 60. MYRIAD GENETICS, INC.: OPERATING SEGMENTS
TABLE 61. MYRIAD GENETICS, INC.: PRODUCT PORTFOLIO
TABLE 62. QIAGEN N.V.: COMPANY SNAPSHOT
TABLE 63. QIAGEN N.V.: OPERATING SEGMENTS
TABLE 64. QIAGEN N.V.: PRODUCT PORTFOLIO
TABLE 65. TROVAGENE, INC. : COMPANY SNAPSHOT
TABLE 66. TROVAGENE, INC.: PRODUCT PORTFOLIO

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