Press release
Emerging Trends Influencing The Growth Of The Cancer Biopsy Market: Advancements In Cancer Diagnostics For Early Detection And Personalized Treatment
Cancer Biopsy
How Big Is the Cancer Biopsy Market Size Expected to Be by 2034?
The cancer biopsy market is forecasted to grow rapidly from $25.08 billion in 2024 to $28.52 billion in 2025 at a CAGR of 13.7%. Growth is fueled by rising awareness of liquid biopsies, increasing genetic testing for oncology disorders, growing adoption of minimally invasive biopsy techniques, and rising demand for tissue biopsies.
The cancer biopsy market is projected to experience rapid growth, reaching $47.2 billion by 2029 at a CAGR of 13.4%. Growth factors include an increase in the number of patients, an aging population, a growing number of suspected breast cancer cases, a rise in cancer diagnoses and biopsy testing, and an overall increase in patient numbers. Major trends in the forecast period include technological advancements, the integration of artificial intelligence and machine learning, the incorporation of multi-omics, product innovations, and the development of point-of-care biopsy devices.
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What Are the Emerging Segments Within the Cancer Biopsy Market?
The cancer biopsymarket covered in this report is segmented -
1) By Type: Tissue Biopsies, Liquid Biopsies, Other Types
2) By Application: Breast Cancer, Colorectal Cancer, Cervical Cancers, Lung Cancers, Prostate Cancers, Skin Cancers, Blood Cancers, Kidney Cancers, Other Applications
3) By End User: Hospitals, Diagnostic Laboratories, Other End Users
Subsegments:
1) By Tissue Biopsies: Core Needle Biopsies, Fine Needle Aspiration (FNA) Biopsies, Incisional Biopsies, Excisional Biopsies
2) By Liquid Biopsies: Circulating Tumor Cell (CTC) Analysis, Circulating Tumor DNA (ctDNA) Testing, Plasma Biomarker Testing
3) By Other Types: Bone Biopsies, Endoscopic Biopsies, Brush Biopsies, Skin Biopsies
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What Long-Term Drivers Are Shaping Cancer Biopsy Market Trends?
As cancer prevalence rises globally, so does the demand for cancer biopsies. Biopsy procedures are critical for diagnosing and determining the type, stage, and spread of cancer, and as the incidence of cancer continues to increase due to various factors, the need for advanced biopsy technologies grows. The rising global cancer burden is a key factor propelling the market for cancer biopsy procedures and related diagnostics.
Who Are the Top Competitors in Key Cancer Biopsy Market Segments?
Major companies operating in the cancer biopsy market are Thermo Fisher Scientific Inc., Danaher Corporation, Becton Dickinson and Company, Roche Diagnostics GmbH, Hologic Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Exact Sciences Corporation, Myriad Genetics Inc., Guardant Health Inc., Veracyte Inc., GRAIL Inc., Freenome Holdings Inc., Biodesix Inc., Chronix Biomedical Inc., Biocept Inc., Personal Genome Diagnostics Inc., Agena Bioscience Inc., Oncimmune Holdings plc, Exosome Diagnostics Inc., Epigenomics AG, Genesystems Inc., Lucence Diagnostics Pte. Ltd., ANGLE plc
What Trends Are Driving Growth in The Cancer Biopsy Market?
In the cancer biopsy market, companies are focusing on liquid biopsy techniques to enable early, non-invasive cancer detection. For example, in May 2023, Labcorp, a US-based provider of cancer diagnostic products, introduced Labcorp Plasma Focus, a liquid biopsy test that detects cancer-related biomarkers in plasma. This test analyzes circulating cell-free DNA (cfDNA) to construct a genomic profile, identifying mutations associated with various cancers.
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Which Regions Are Becoming Hubs for Cancer Biopsy Market Innovation?
North America was the largest region in the cancer biopsy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cancer biopsy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cancer Biopsy Market?
2. What is the CAGR expected in the Cancer Biopsy Market?
3. What Are the Key Innovations Transforming the Cancer Biopsy Industry?
4. Which Region Is Leading the Cancer Biopsy Market?
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