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Revolutionizing Diagnosis: Insights into the Liquid Biopsy for Cancer Diagnostics Market | F. Hoffman La Roche Ltd., Thermo Fisher Scientific Inc., Agilent Technologies Inc
Liquid Biopsy For Cancer Diagnostics Market
The Business Research Company's Liquid Biopsy For Cancer Diagnostics Global Market Report 2023 identifies the rising incidence of cancer is expected to propel the growth of the liquid biopsy for cancer diagnostics market going forward. Cancer is a broad category of illnesses that can develop in nearly any organ or tissue in the body when aberrant cells proliferate uncontrollably, cross their usual boundaries, and either spread to other organs or invade neighboring body parts. Cancer increases the need for diagnostic procedures such as early cancer or tumor recurrence detection, risk assessment for each patient, and therapy monitoring to enable liquid biopsy to depict the full scope of the disease as tumor cells or tumor cell products are released from all metastatic or primary tumor sites, providing thorough and real-time information on tumor cell evolution, therapeutic targets, and mechanisms of therapy resistance. For instance, in 2021, According to the American cancer society, 1.8 million new cancer cases diagnosed in 2020.
The global liquid biopsy for cancer diagnostics market is expected to grow from $6.66 billion in 2022 to $7.82 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global liquid biopsy for cancer diagnostics is expected to reach $14.23 billion in 2027 at a CAGR of 16.1%.
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Major competitors in the liquid biopsy for cancer diagnostics market are F. Hoffman La Roche Ltd., Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., The Menarini Group, Bio-Rad Laboratories Inc., QIAGEN Inc., Exact Sciences Corporation, Bio-Techne Corporation, ArcherDX Inc., Neogenomics Laboratories Inc.
A key trend in the liquid biopsy for cancer diagnostics market includes product innovations. Major companies operating in the liquid biopsy for cancer diagnostics market are concentrating on creating innovative products to strengthen their position in the market. For instance, in June 2023, BostonGene, a US-based biomedical software company, launched new liquid biopsy solutions to help identify clinically relevant gene alterations. The increased test portfolio will hasten the creation of new assays, analytical tools, and pipelines to provide patients with precision medicine.
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The liquid biopsy for cancer diagnostics market is segmented -
1) By Type: Product, Services
2) By Sample: Blood, Urine, Saliva
3) By Cancer: Lung Cancer, Breast Cancer, Colon Cancer, Other Cancers
4) By End-User: Hospitals, Diagnostic Centers, Other End-Users
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the liquid biopsy for cancer diagnostics market.
The Business Research Company's "Global Liquid Biopsy For Cancer Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Liquid Biopsy For Cancer Diagnostics Market Include:
1. Executive Summary
2. Liquid Biopsy For Cancer Diagnostics Market Characteristic
3. Liquid Biopsy For Cancer Diagnostics Market Trends And Strategies
4. Liquid Biopsy For Cancer Diagnostics Market - Macro Economic Scenario
5. Liquid Biopsy For Cancer Diagnostics Market Size And Growth
……………
27. Liquid Biopsy For Cancer Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Liquid Biopsy For Cancer Diagnostics Market
29. Liquid Biopsy For Cancer Diagnostics Market Future Outlook And Potential Analysis
30. Appendix
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