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Global Liquid Biopsy Market 2021 | Demand and Scope with Outlook, Business Strategies, Challenges and Forecasts to 2028
Global Liquid Biopsy Market
Global Liquid Biopsy Market analysis report includes CAGR value fluctuations with respect to rise or fall for the certain forecast time. The data collected to produce this industry report is based on the data collection modules with large sample sizes. The vital highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. What is more, rising product trends, major drivers, challenges and opportunities in the market are recognized and analysed factually while generating this report. With the use of well established tools and techniques in the first class report, complex market insights are turned into simpler version.
Global liquid biopsy market is registering a healthy CAGR of 23.80% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to advent of various innovations and researches in the field of healthcare to integrate technology, to enable diagnosis and treatment with minimally invasive procedures.
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Key Market Competitors:
Few of the major market competitors currently working in the global liquid biopsy market are Eurofins Scientific, MDxHealth, CareDx Inc., Immucor, Inc., Thermo Fisher Scientific Inc., Menarini Silicon Biosystems, QIAGEN, GUARDANT HEALTH, INC, Exact Sciences Corporation, Myriad Genetics, Inc., LungLife AI, Inc., Bio-Rad Laboratories, Inc., Natera, Inc., Trovagene, Exosome Diagnostics, Illumina, Inc., Genomic Health, Biocept, Inc, RainDance Technologies Inc., BGI and F. Hoffmann-La Roche Ltd among others.
Competitive Analysis:
Liquid biopsy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid biopsy market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Liquid Biopsy Market
Liquid biopsy is minimally invasive technology which does not require costly invasive procedures. It enables the doctors to access various diseases and make a decision through blood sample of the patient. It is mainly used for monitoring and diagnostic purpose. Various doctors use it to test the cancer in the blood cells of the patient. It only requires 5 milliliters of blood which means they are much easier to tolerate and this makes the procedure quicker than a surgical biopsy.
Market Drivers
The rising prevalence of cancer is a key driver for the market
Noninvasive procedures preferences have increased which has propelled the market growth
Government and global health organizations have taken many initiatives which has boosted the market
Personalized Medic one has gained a lot of emphasis which has driven the market growth
There are various technological upgradation and advancements to augment market revenues
There are various players spending on R&D for liquid biopsy is boosting the market growth
Market Restraints
There is a lack awareness in developing and underdeveloped counters which act as a restraint to the market growth
There are various limitations associated with liquid biopsy testing which is hampering the market growth
The low sensitivity and specificity is hindering the market growth
Global Liquid Biopsy Market By Sampling Type (Blood Sampling LB, Urine Sampling LB, Saliva & other tissue fluids sampling LB), Products and Service (Assays Kits, Instruments, Services), Circulating Biomarker (Circulating Tumor Cells, Circulating Tumor DNA (CTDNA), Cell-Free DNA, Extracellular Vesicles (Evs), Other Circulating Biomarkers), Clinical Application (Early Cancer Screening, Therapy Selection, Treatment Monitoring, Recurrence Monitoring), Application (Cancer Applications, Non-Cancer Applications), End User (Reference Laboratories, Hospitals and Physician Laboratories, Academic and Research Centers, Other End Users), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Segmentation: Global Liquid Biopsy Market
By Sample Type
Blood Sampling LB
Urine Sampling LB
Saliva & other tissue fluids sampling LB
By Products and Services
Assay Kits
Instruments
Services
By Circulating Biomarker
Circulating Tumor Cells
Circulating Tumor DNA (CTDNA)
Cell-Free DNA
Extracellular Vesicles (Evs)
Other Circulating Biomarkers
By Clinical Application
Early Cancer Screening
Therapy Selection
Treatment Monitoring
Recurrence Monitoring
By Application
Cancer Applications
Lung Cancer
Breast Cancer
Colorectal Cancer
Prostate Cancer
Liver Cancer
Other Cancers
Non-Cancer Applications
By End User
Reference Laboratories
Hospitals and Physician Laboratories
Academic and Research Centers
Other End Users
Key Developments in the Market:
In May 2019, Thrive Earlier Detection Corp has successfully complete series funding round and raised USD 110 million. The company has used funds to launch CancerSEEK, a liquid biopsy test to detect multiple cancers early. The funds will help the company to expand its product offerings and an increase improves its customer’s experience.
In March 2019, QIAGEN had launched novel liquid biopsy solutions and NGS panels with seamlessly integrated bioinformatics which can support the various innovations and advances in cancer research. The launch will enable the company to focus on customer problems as well as expanding the company product portfolio.
Reasons to Purchase this Report
Current and future of global liquid biopsy market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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