Press release
Liquid Biopsy Market Navigating the Landscape Insights Unveiled on Market Size, Trends, Share, and Growth Projections 2031
The global market for liquid biopsy was valued at $1,204.20 million in 2020 and is projected to reach $6,804.90 million by 2028, with a CAGR of 20.9% from 2021 to 2028. Liquid biopsies are non-invasive blood tests that detect tumor DNA and RNA fragments, as well as circulating tumor cells (CTCs) released into the blood from primary tumors and metastatic sites. Compared to surgical biopsies, liquid biopsies are potentially less expensive.Request To Download Sample of This Strategic Report @ https://reportocean.com/industry-verticals/sample-request?report_id=AMR1805
Liquid biopsy provides a simple and precise alternative to surgical biopsies, enabling physicians and surgeons to detect and treat cancer at an early stage by analyzing tumor information obtained from blood samples. It also facilitates the early detection of cancer recurrence compared to traditional diagnostic methods. Early diagnosis through liquid biopsy tests helps healthcare professionals improve various cancer treatments.
Currently, numerous liquid biopsies are being developed for oncology purposes, ranging from research and screening to early detection, biomarker assessment, and providing insights on prognosis and treatment selection. Some tests target specific cancers, while others are designed as screening tools for multiple solid tumors.
The market growth is driven by the increasing incidence and prevalence of various cancer types, the advantages of liquid biopsy technology, growing demand for non-invasive procedures, and favorable government initiatives. However, limited awareness about cancer and its risk factors, along with limited access to advanced cancer diagnostic technologies in developing regions, may hinder market growth. Nevertheless, the advantages of liquid biopsy over traditional invasive diagnostic methods present lucrative opportunities for market expansion.
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The liquid biopsy market is categorized based on product and service, cancer type, circulating biomarker, end user, and region. Product and service segments include kits and reagents, platforms and instruments, and services. Cancer types encompass lung cancer, breast cancer, colorectal cancer, prostate cancer, liver cancer, and other cancers. Circulating biomarkers include circulating tumor cells, extracellular vesicles, circulating tumor DNA (ctDNA), and other biomarkers. End users consist of hospitals and laboratories, as well as government and research centers. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Prominent players in the global liquid biopsy market include Bio-Rad Laboratories, Inc., Biocept Inc., Guardant Health Inc., Illumina, Inc., F. Hoffmann-La Roche Ltd., Johnson & Johnson, Laboratory Corporation of America Holdings, MDxHealth SA, QIAGEN N.V., and Thermo Fisher Scientific Inc. Product development is a key strategy adopted by these players to establish a strong presence in the market.
Key Benefits for Stakeholders:
In-depth analysis of the global liquid biopsy market with current trends and future estimations from 2021 to 2028, identifying potential investment opportunities.
Comprehensive analysis of factors driving and restricting market growth.
Identification of factors influencing the market on a global and regional scale, along with key companies shaping the market.
Profiling of key players and thorough analysis of their strategies to understand the competitive outlook of the market.
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Key Market Segments:
By Product & Service:
Kits & Reagents
Platforms & Instruments
Services
By Circulating Biomarker:
Circulating Tumor Cells
Extracellular Vesicles
Circulating Tumor DNA (ctDNA)
Other Biomarkers
By Cancer Type:
Lung Cancer
Breast Cancer
Colorectal Cancer
Prostate Cancer
Liver Cancer
Other Cancers
By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA
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Market report provides answers to the following key questions:
- What are the strengths and weaknesses of the key vendors?
- Who are the main key players and what are their future business plans?
- What will be the market size and growth rate in the upcoming year?
- What are the major factors driving the global market?
- What are the key market trends influencing global market growth?
- What are the factors trending and impacting market shares in different regions? What is the impact of Covid-19 on the industry?
- Who are the key market players and what are their strategies in the global market?
- What are the market opportunities and threats faced by vendors globally? What industry trends, drivers, and challenges are affecting their growth?
- What are the key findings from the five forces analysis of the global market?
What this research study offers -
- Market assessments conducted at the regional and country levels to provide detailed granularity.
- The study focuses on analyzing the factors that impact competition and pricing dynamics.
- Thorough competitive analysis that traces the value chain from upstream to downstream.
- Predictive analysis of upcoming trends and shifts in the supply and demand dynamics.
- Examination of competitive developments, including technological advancements, mergers and acquisitions, etc., in the market.
- Identification of influential factors driving the market's sustained growth, with periodic analysis using tables and figures for forecasting.
- The provided forecast information will support the development of strategic, innovative, and profitable business plans, along with SWOT analysis of players, investment feasibility, and recommendations.
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