Liquid Biopsy Market Supply and Demand with Size (Value and Volume) by 2032

Introduction
A new market that is quickly gaining pace in the healthcare sector is the global liquid biopsy market. A minimally invasive diagnostic procedure known as a "liquid biopsy" includes examining different biomarkers in a patient's blood or other bodily fluids to look for the presence of cancer. The non-invasive, precise, and capacity to identify cancer at an early stage are reasons why the liquid biopsy method is becoming more and more popular.

In the upcoming years, the worldwide liquid biopsy market is anticipated to expand quickly due to a number of factors, including expanding research and development activities, an increase in cancer prevalence, and technological developments in liquid biopsy testing.

Liquid Biopsy Market: Overview
The size of the worldwide liquid biopsy market was estimated at USD 7.05 billion in 2022 and is anticipated to increase at a CAGR of 14.4% over the following five years. Liquid biopsy is a non-invasive alternative to surgical biopsies that allows medical personnel to gain more information about a tumour and modify the treatment accordingly. It can represent changes in the tumour gene expression profile and serve as a strong starting point for individualised therapy. It supports early diagnosis screening, tumour heterogeneity, and drug resistance. Additionally, it detects EGFR gene alterations, which are observed in non-small cell lung cancer (NSCLC) patients.

Technological Advancements in Liquid Biopsy Testing

The liquid biopsy technique is constantly evolving, with new technological advancements being made to improve its accuracy and efficiency. For instance, the development of next-generation sequencing (NGS) technologies has enabled the analysis of multiple biomarkers in a single test, making liquid biopsy testing more efficient and cost-effective.

Rising Research and Development Activities

There is a significant amount of research and development activities being carried out in the field of liquid biopsy testing, with several key players investing heavily in this area. For instance, companies such as Guardant Health and Illumina are developing liquid biopsy tests that can detect a wide range of cancers, including lung, breast, and colorectal cancers.

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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

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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%

Future Prospects of the Global Liquid Biopsy Market

The global liquid biopsy market is expected to witness significant growth in the coming years, driven by several factors such as increasing demand for non-invasive diagnostic tests, rising prevalence of cancer, and technological advancements in liquid biopsy testing. According to a report by We Market Research, the global liquid biopsy market is expected to grow from $715 million in 2020 to $3,051 million by 2026, at a CAGR of 27.4% during the forecast period.

Challenges in the Global Liquid Biopsy Market

Despite the promising growth prospects of the global liquid biopsy market, there are several challenges that need to be addressed. One of the major challenges is the lack of standardization in liquid biopsy testing, which can affect the accuracy and reliability of test results. Another challenge is the high cost of liquid biopsy tests, which may limit their accessibility in certain regions.

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