Circulating Tumor Cells Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Global circulating tumor cells (CTCs) market is anticipated to grow at a CAGR of 12.5% during the forecast period (2023-2030). An increase in the adoption of CTC detection, including non-invasive techniques used for the detection of cancer is driving industry growth. This technique includes the use of body fluids and their analysis for the determination of cancerous and circulating tumor cells in the patient body. The complex nature of tumors and their heterogenicity, result in a rise in research and development for inventing new techniques, resulting in the growth of the circulating tumor cell market. It is widely accepted that the capture, enumeration, and identification of circulating tumor cells (CTCs) hold significant promise for early cancer screening, diagnosis, and prognosis. According to the National Institute of Health (NIH), in July 2020, The advent of new diagnostic and treatment modalities improved the 5-year relative survival rate for all types of cancers combined the survival rate increased substantially from 39.0% to 70.0% among white patients and from 27.0% up to 63.0% among black patients

Researchers can analyze and characterize enriched CTCs from a molecular perspective with a high level of specificity, gaining valuable insights into how certain tumors progress and disseminate throughout the body. For instance, in February 2021, Menarini-Silicon Biosystems in liquid biopsy and single-cell technologies, launched its innovative CellMag product line for the manual enrichment and staining of rare circulating tumor cells (CTCs). This new product line, composed of the CellMag CTC Epithelial Cell kit, a magnetic tool, and consumables, will allow all liquid biopsy and CTC laboratories to have access to a manual system using the same ferrofluid technology offered by the Gold Standard CELLSEARCH system.

Several new kits capture CTCs from cancers originating in epithelial cells, known as carcinomas. Carcinomas include leading cancer types, such as cancers of the breast, lung, colon, prostate, and bladder. The development of better tools and applications for researchers and clinicians revolutionizing cancer diagnosis through liquid biopsy is also fueling market growth. For instance, in September 2023, nRichDX® launched its new RUO-labeled CTC enrichment kit that uniquely isolates Circulating Tumor Cells (CTCs) from up to 40mL of whole blood samples to help researchers advance liquid biopsy assay research and development.

Various platforms are designed to scan, analyze, and digitally image up to 2 million cells per slide, based on multiple biomarker combinations. In November 2021, Ikonisys Inc. Launched the next generation of CTC Detection and analysis platforms to expand its US presence. The company plans to use the funds to accelerate its commercial development in both the US and Europe and for working capital, with approximately 20.0% of the financing going toward further research and development. Ikoniscope20 is the newest version of the company's Ikoniscope platform, a fully automated workflow for the automation of fluorescent in situ hybridization assays, and the detection, isolation, and analysis of rare cells, with applications in circulating tumor cell (CTC)-based testing and personalized medicine.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Technology

· By Product

· By End Users

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Bio-Rad Laboratories, Inc., Illumina, Inc., Johnson & Johnson, QIAGEN N.V., Thermo Fisher Scientific Inc., and others.

Circulating Tumor Cells Market Report Segment

By Technology

• CTC Detection and Enrichment Methods

• CTC Direct Detection Methods

• CTC Analysis

By Product

• Kits and Reagents

• Blood Collection Tubes

• Devices

By End Users

• Hospitals and Clinics

• Research and Academic Institutes

• Diagnostic Centers

A full Report of Circulating Tumor Cells Market is Available @ https://www.omrglobal.com/industry-reports/circulating-tumor-cells-market

Circulating Tumor Cells Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Advanced Cell Diagnostics

· Akadeum Life Sciences, Inc.

· BIOCEPT, Inc.

· BioFluidica, Inc.

· Biolidics Ltd.

· Creativ MicroTech, Inc.

· Epic Sciences

· Fluxion Biosciences, Inc.

· Ikonisys Inc.

· LineaRx, Inc. (Applied DNA Sciences)

· LungLife AI, Inc.

· Menarini Silicon Biosystems

· Miltenyi Biotec

· OncoDiscover

· Precision Medicine Group, LLC.

· Sysmex Corporation

· ScreenCell

· STEMCELL Technologies, Inc.

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