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Emerging Tissue/Tumor-Agnostic Drugs to be a Chief Driver Fueling Global Liquid Biopsy Market Growth
LIQUID BIOSY MARKET
"Browse 36 Market Data Tables and 67 Figures spread over 270 Pages, along with an in-depth TOC on the Global Liquid Biopsy Market Forecast 2021-2028."
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A liquid biopsy is a non-invasive approach, that helps detect and monitor cancer as well as other diseases. In order to perform a liquid biopsy, blood or other fluids like, urine, is collected, sequenced, and analyzed through next-generation sequencing (NGS) systems and assays. On account of its efficiency, tissue biopsy, an invasive procedure, is now being replaced by liquid biopsy. For instance, the method is also rapidly gaining traction as an alternative to tissue biopsy, for applications in transplant medicine, reproductive health, and cancer.
Emerging Tissue/Tumor-Agnostic Drugs to Accelerate Market Growth
The emergence of tissue/tumor-agnostic drugs is an additional trend associated with liquid biopsy. It targets particular genetic variants within cancer and propels the use of liquid biopsy diagnostics for identifying the variations. The first instance of this phenomenon entails the expanded approval of Merck's drug, Keytruda (pembrolizumab), in May 2017, for patients with metastatic cancer. Besides, it was also used for mismatch repair deficiency or microsatellite instability. Multiple other drug companies within the global liquid biopsy market are presently pursuing a similar approval strategy, emphasizing the genetic characteristics of cancer than the organ of origin.
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Treatment Selection is the Fastest-Growing Clinical Application
The selection of treatment plays a crucial role, in terms of disease treatment. Treatment selection also minimizes the disease's drawbacks, thereby making the procedure more accurate and precise. Moreover, it helps physicians make more informed decisions while assisting patients, which in turn, ensures optimum treatment. In addition, the rising number of products specializing in treatment selection is observed across the global liquid biopsy market, for treating diverse cancer types, including, colorectal cancer, breast cancer, lung cancer, and others.
North America Dominated the Global Market in 2020
Key factors facilitating the liquid biopsy market growth in North America include the increasing rates of cancer, the growing preference towards non-invasive diagnostic technologies, the surging geriatric population, and the expanding prominence of companion diagnostics, across the region.
Since the global market is continually developing and emerging, customers often prefer trying popular products as it is convenient to shift from one product to another. However, owing to this factor, the loyalty of customers is endangered. As a result, the competition within the global liquid biopsy market is predicted to be medium to high.
Some of the distinguished players operating in the market are, Qiagen NV, Agilent Technologies Inc, Becton, Dickinson, and Company (BD), etc.
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