Press release
Liquid Biopsy Market to reach USD 8 Bn by 2029, emerging at a CAGR of 20.9 percent and forecast 2023-2029
Liquid Biopsy Market
The report delves into the landscape of liquid biopsy, a revolutionary technique that offers non-invasive and repeatable sampling for detecting changes in tumor gene expression profiles. It provides a solid foundation for personalized treatment and early cancer detection. The scope of the report also encompasses early cancer detection, tumor development tracking, therapy response evaluation, clinical prognosis, and identification of recurrent and refractory cancers.
Maximize Market Research Pvt. Ltd. brings an impeccable research methodology to the forefront. Leveraging real numbers and outputs from key players across the globe, the report bases its 2022 market size estimates on concrete data. A five-year trend analysis, coupled with the impact of regional lockdowns, contributes to accurate market projections through 2029.
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Liquid Biopsy Market Dynamics:
The report highlights the rising incidence and prevalence of cancer worldwide, fueled by factors such as environmental influences, lifestyle changes, and infectious diseases like Hepatitis B and C. With cancer ranking as the second-leading global cause of mortality, there is a growing need for advanced diagnostic methods. Liquid biopsy emerges as a cost-effective, early prognostic tool that also aids in therapy monitoring and patient comfort.
While liquid biopsy shows great promise, there are challenges to overcome, such as the lower sensitivity of certain liquid biopsies. Detecting minimal quantities of circulating tumor DNA (ctDNA) post-treatment or surgery can be technically challenging, leading to false-negative results that hinder early tumor recurrence detection.
Liquid Biopsy Market Regional Insights:
North America dominates the Liquid Biopsy Market, commanding a 51% share. The U.S., in particular, boasts significant investments and a thriving biotechnology sector, driving the adoption and growth of liquid biopsy techniques. The report emphasizes Canada's increasing adoption of liquid biopsy procedures, further contributing to the region's growth.
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Liquid Biopsy Market Segmentation:
Leveraging technology Multi-gene-parallel Analysis (NGS) accounted for over 73% of the global market in terms of revenue in 2022, and it is anticipated that it would maintain its dominance during the forecast period. NGS technology has the potential to uncover a variety of mutations that might be involved in the development of cancer as well as potential resistance mechanisms that might have developed from pre-existing clones after therapy. High-accuracy sequencing now costs significantly less thanks to recent rapid developments in NGS technology. This method allows for the screening of unknown variations and is utilised in targeted panels for the accurate and highly sensitive detection of ctDNA mutations.
by Technology
Multi-gene-parallel Analysis (NGS)
Single Gene Analysis (PCR Microarrays)
by Biomarker
Circulating Nucleic Acids
CTC
Exosomes/ Micro vesicles
Circulating Proteins
by Sample Type
Blood Sample-based
Others
Liquid Biopsy Market Key Players:
1. F. Hoffmann-La Roche Ltd. (Switzerland)
2. Myriad Genetics, Inc. (US)
3. QIAGEN N.V. (Netherlands)
4. Thermo Fisher Scientific, Inc. (US)
5. Guardant Health, Inc. (US)
6. MDxHealth SA (Belgium)
7. Exact Sciences Corporation (US)
8. Illumina Inc. (US)
9. Sysmex Inostics (US)
10. Bio-Rad Laboratories, Inc. (US)
11. Biocept, Inc. (US)
12. NeoGenomics, Inc. (US)
13. ANGLE plc. (UK)
14. Menarini-Silicon Biosystems (Italy)
15. Vortex Biosciences, Inc. (US)
16. Exosome Diagnostics, Inc. (US)
17. Agena Bioscience, Inc. (US)
18. MedGenome Inc. (US)
19. Epigenomics AG (Germany)
20. Personal Genome Diagnostics, Inc. (US).
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Table of content for the Liquid Biopsy Market includes:
Global Liquid Biopsy Market: Research Methodology
Global Liquid Biopsy Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Liquid Biopsy Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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