Press release
Liquid Biopsy in Cancer Diagnostics Market Growth, Trends, Consumer Demand and Key Opportunities
Liquid Biopsy in Cancer Diagnostics Market
Cancer diagnostics has entered a transformative era with the rise of liquid biopsy, a minimally invasive technique that analyzes circulating tumor DNA (ctDNA), circulating tumor cells (CTCs), and other biomarkers from body fluids such as blood. Unlike traditional tissue biopsies, liquid biopsy enables early cancer detection, real-time monitoring, and personalized treatment selection.
As cancer incidence continues to rise worldwide, demand for non-invasive, accurate, and rapid diagnostic solutions is accelerating. Liquid biopsy technologies are at the forefront of precision oncology, offering clinicians tools to guide treatment decisions, monitor resistance, and improve patient outcomes. With increasing regulatory approvals, robust R&D pipelines, and expanding applications, the market is poised for significant growth through 2034.
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Market Overview
The global liquid biopsy in cancer diagnostics market was valued at USD 4.5 billion in 2024 and is projected to reach USD 15.6 billion by 2034, expanding at a CAGR of 13.2% during the forecast period.
Key Highlights:
• Growing preference for non-invasive diagnostics over surgical tissue biopsies.
• Expanding applications in early detection, minimal residual disease (MRD) monitoring, and therapy selection.
• Increasing adoption in both developed and emerging healthcare markets.
• Rising investment in R&D and commercialization by leading biotech and diagnostic companies.
Segmentation Analysis
By Biomarker Type
• Circulating tumor cells (CTCs)
• Circulating tumor DNA (ctDNA)
• Exosomes and extracellular vesicles
• Others (proteins, RNA)
By Technology
• Next-generation sequencing (NGS)
• Polymerase chain reaction (PCR)
• Digital PCR
• Microarray-based assays
• Others
By Application
• Early cancer detection
• Therapy selection and companion diagnostics
• Prognosis and recurrence monitoring
• Minimal residual disease (MRD) detection
• Others
By Cancer Type
• Lung cancer
• Breast cancer
• Colorectal cancer
• Prostate cancer
• Melanoma
• Others (pancreatic, ovarian, etc.)
By End-User
• Hospitals and oncology clinics
• Reference laboratories
• Research institutes
• Pharmaceutical and biotech companies
Segmentation Summary:
ctDNA-based tests dominate current adoption, particularly in lung, breast, and colorectal cancers. NGS platforms are increasingly critical, providing high sensitivity for early detection and MRD monitoring. Pharmaceutical and biotech companies are also leveraging liquid biopsy for drug development and companion diagnostics.
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Regional Analysis
North America
• Largest market share, driven by early technology adoption, strong reimbursement frameworks, and FDA approvals.
• The U.S. leads due to its robust biotech ecosystem and extensive clinical research networks.
Europe
• Significant growth supported by government-backed cancer screening programs and adoption of personalized medicine.
• Germany, France, and the UK are primary contributors.
Asia-Pacific
• Fastest-growing region, with rising cancer incidence and investments in molecular diagnostics.
• China, Japan, and India are emerging as major markets, with increasing clinical trial activity.
Middle East & Africa
• Gradual adoption of advanced diagnostics, with growing focus on cancer detection programs.
• Infrastructure and affordability remain challenges.
Latin America
• Brazil and Mexico lead adoption, supported by expanding healthcare access and international collaborations.
Regional Summary:
North America and Europe dominate the market today, while Asia-Pacific is projected to achieve the fastest CAGR through 2034 due to its large patient pool, expanding healthcare infrastructure, and growing demand for precision oncology.
Market Dynamics
Key Growth Drivers
• Rising global cancer burden requiring advanced diagnostic tools.
• Preference for minimally invasive methods over surgical biopsies.
• Expansion of applications in therapy selection, MRD monitoring, and recurrence detection.
• Strong R&D investments and collaborations between diagnostic companies and pharma firms.
Key Challenges
• High costs of liquid biopsy tests compared to conventional diagnostics.
• Limited awareness and adoption in low- and middle-income countries.
• Technical challenges related to sensitivity and specificity of assays.
Latest Trends
• Development of multi-cancer early detection (MCED) tests capable of identifying multiple cancers from a single sample.
• Integration of AI and bioinformatics for enhanced biomarker analysis.
• Expansion of companion diagnostics linked to targeted therapies and immunotherapies.
• Growing use of real-world evidence (RWE) to validate test effectiveness in diverse populations.
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Competitor Analysis
Leading Market Players
• Guardant Health, Inc.
• Foundation Medicine, Inc. (a Roche company)
• Illumina, Inc.
• Bio-Rad Laboratories, Inc.
• Thermo Fisher Scientific Inc.
• Qiagen N.V.
• Agilent Technologies, Inc.
• NeoGenomics Laboratories, Inc.
• Exact Sciences Corporation
• Natera, Inc.
Competitive Summary:
The market is competitive, with Guardant Health, Foundation Medicine, and Illumina leading through innovative ctDNA-based solutions. Natera and Exact Sciences are expanding applications in MRD monitoring and colorectal cancer screening. Strategic partnerships, regulatory approvals, and multi-cancer early detection initiatives are key factors driving competition.
Conclusion
The liquid biopsy in cancer diagnostics market is projected to grow from USD 4.5 billion in 2024 to USD 15.6 billion by 2034, at an impressive CAGR of 13.2%.
Key Takeaways:
• Liquid biopsy is revolutionizing cancer care with non-invasive, precise diagnostics.
• ctDNA and NGS-based assays are driving current adoption, with MRD and early detection as growth frontiers.
• North America and Europe lead today, while Asia-Pacific is set to grow fastest through 2034.
• Cost and technical challenges remain but are being addressed through innovation and scaling.
This report is also available in the following languages : Japanese (がん診断市場における液体生検), Korean (암 진단 시장의 액체 생검), Chinese (癌症诊断市场中的液体活检), French (Biopsie liquide sur le marché du diagnostic du cancer), German (Flüssigbiopsie im Markt für Krebsdiagnostik), and Italian (Biopsia liquida nel mercato della diagnostica del cancro), etc.
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https://exactitudeconsultancy.com/reports/72413/radiopharmaceuticals-market
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