Press release
Liquid Biopsy Market Projected to Reach USD 28.84 Billion by 2033, Driven by Rising Demand for Non-Invasive Cancer Diagnostics
Liquid Biopsy Market Size
Liquid biopsy, a cutting-edge technique, isolates and detects circulating nucleic acids, exosomes, and circulating tumor cells (CTCs) from blood samples to diagnose primary tumors or monitor metastatic lesions. The technology offers numerous advantages over traditional biopsy methods, including minimal invasiveness, reduced patient risk, cost-effectiveness, and the ability to monitor tumor dynamics frequently. These factors have significantly contributed to its growing acceptance in clinical settings.
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Market Trends and Regional Insights
North America dominated the global liquid biopsy market, holding a 54.43% share in 2024, driven by high cancer prevalence, advanced healthcare infrastructure, and widespread adoption of liquid biopsy tests. Europe is emerging as a fast-growing region, while the Asia Pacific is expected to exhibit the fastest growth during the forecast period, fueled by rising healthcare spending, increasing awareness of liquid biopsy procedures, and the expansion of hospitals and diagnostic centers.
Segment Analysis
By product and services, the kits and reagents segment led the market in 2024, projected to grow at a CAGR of 21.2%, driven by innovations in biomarker analysis, target enrichment, and other advanced applications. The circulating tumor cells (CTCs) segment dominated the circulating biomarker category, growing at a CAGR of 21%, owing to its critical role in understanding cancer progression and metastasis. Meanwhile, circulating tumor DNA (ctDNA) is anticipated to witness rapid growth due to its effectiveness in early cancer detection, especially in breast cancer.
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Among cancer types, lung cancer accounted for the largest market share, growing at a CAGR of 20.4%, primarily due to the high incidence of non-small cell lung cancer (NSCLC). Prostate cancer is expected to be the fastest-growing segment, reflecting increased prevalence and focused market activities in developed regions. In terms of end-users, hospitals and laboratories contributed the highest revenue, driven by widespread utilization for diagnosis, monitoring, and treatment planning.
Market Drivers
The growth of the liquid biopsy market is fueled by several factors. The increasing preference for non-invasive procedures mitigates risks associated with radiation exposure and traditional tissue biopsies. Liquid biopsy technology offers economic, risk-free, and repeatable monitoring options, supporting early cancer detection and recurrence tracking. Furthermore, government investments in healthcare facilities and initiatives in both developed and developing regions are expanding market opportunities. The technology also holds promise for the detection and management of rare cancers, creating new avenues for growth.
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Key Players
Bio-Rad Laboratories Inc.
Biocept Inc.
Guardant Health Inc.
Illumina Inc.
Hoffmann-La Roche Ltd. (Foundation Medicine Inc.)
Johnson & Johnson
Laboratory Corporation of America Holdings
Mdxhealth SA
Qiagen N.V.
Thermo Fisher Scientific Inc.
For more insights and detailed analysis on the Market, visit : https://straitsresearch.com/report/liquid-biopsy-market/
Conclusion
As awareness of liquid biopsy technology continues to rise and investments in healthcare infrastructure grow, the global liquid biopsy market is set to witness unprecedented growth over the next decade. This market evolution presents significant opportunities for industry stakeholders to leverage cutting-edge diagnostic solutions, improve cancer detection rates, and enhance patient care globally.
Browse More Insights & Reports :
Breast Biopsy Market : https://straitsresearch.com/report/breast-biopsy-market
Breast Cancer Liquid Biopsy Market : https://straitsresearch.com/report/breast-cancer-liquid-biopsy-market
Circulating Tumor Cells (CTC) Market : https://straitsresearch.com/report/circulating-tumor-cells-market
Lung Cancer Genomic Testing Market : https://straitsresearch.com/report/lung-cancer-genomic-testing-market
Non-Invasive Liquid Biopsy Market : https://straitsresearch.com/report/non-invasive-liquid-biopsy-market
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