Circulating Tumor Cells (CTCs) Prognostic Technologies Market- Global Industry Analysis 2014 - 2020

Transparency Market Research has recently announced the publication of a new market research report. The research report, titled “Circulating Tumor Cells (CTCs) Prognostic Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” provides a comprehensive analysis of the global market for circulating tumor cells (CTCs) prognostic technologies. A market overview, product segmentation, market drivers, restraints, market trends, and competitive landscape of the overall market have been analyzed in this research report. According to the research report, the global CTCs prognostic technologies market is estimated to reach US$2.16 bn, exhibiting 26.30% CAGR between 2014 and 2020.

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Circulating tumor cells refer to specialized rare cells that are separated from the primary tumors, which further spread in the vasculature system of the human body. The dissemination of these cells further causes metastasis. CTCs act as a seed for the development of metastatic tumors in the vital distant organs; these tumors are considered as a major cause for cancer-related deaths. Technological developments in this field are one of the major factors contributing substantially towards the growth of the market.

Furthermore, the growing prevalence rate of cancer, increasing evaluation of therapeutic monitoring, and high cost-benefit ratio are some of the other factors propelling the global CTCs prognostic technologies market. However, the lack of sensitivity and specificity and high costing associated with CTCs detection are projected to curtail the growth of the market in the coming years.

By application, the global CTCs prognostic technologies market has been classified into prostate cancer, colorectal cancer, breast cancer, and others. The others segment has been sub-classified into ovarian, pancreatic, and lung cancer. Among these, the prostate cancer segment is anticipated to exhibit a progressive 25.20% CAGR between 2014 and 2020. On the other hand, the breast cancer segment is estimated to register an impressive 27.10% CAGR between 2014 and 2020.

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By geography, the global CTCs prognostic technologies market has been broadly divided into Europe, Asia Pacific, North America, and Rest of the World. At present, North America accounts for the largest share in the global CTCs prognostic technologies market and is anticipated to remain in this position in the next few years. The rapid growth of this region can be attributed to the growing adoption rate for advanced prognostic technologies and rising incidence of cancer across the globe. Nevertheless, the high development cost and low commercial viability of these technologies are some of the key factors leading to sluggish growth of the market. Furthermore, the Asia Pacific market for CTCs prognostic technologies is projected to witness substantial growth throughout the forecast period, owing to the increasing research and development activities in this region.

The leading players operating in the global circulating tumor cells prognostic technologies market include Vitatex, Inc., Rarecells USA, Inc., Fluxion Biosciences, Inc., AdnaGen GmbH, Advanced Cell Diagnostics, Inc., Epic Sciences, Inc., Celula, Inc., AVIVA Biosciences Corporation, Veridex, LLC, and Silicon Biosystems, S.p.A. To provide a clear understanding of the market, the research study has mentioned the company profiles, contact information, financial status, business strategies, SWOT analysis, and recent news and developments, if any.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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