Press release
Global liquid biopsy market is projected to cross the USD 10, 850 Million marks by the end of 2021 – Research Nester
Liquid biopsy is a non-invasive and simple alternative of conventional surgical biopsies that enable medical professionals to detect cancer causing tambours just by taking the blood sample of the patient. In this manner, liquid biopsy assists the doctors in selecting the correct treatment procedure for patients at right time. Rising number of cancer patients in the world coupled with innovation in liquid biopsy technology is anticipated to drive the global liquid biopsy market over the forecast period.
Global Liquid Biopsy Market is expected to flourish at a CAGR of 25.0% over the forecast period. Moreover, the global liquid biopsy market is anticipated to garner USD 10,850 Million by the end of 2021. Factors such as increasing penetration of cancer, rising awareness regarding the detection of cancer, increasing healthcare expenditure are anticipated to be the dynamic factor behind the growth of liquid biopsy market.
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North America dominates the global liquid biopsy market. It is projected that by 2016 end, 1.7 million new cancer cases would be detected in the U.S. alone, making the country a major market for liquid biopsy in North America. Asia-Pacific liquid biopsy market is likely to behold the highest CAGR during the forecast period i.e. 2015-2021. Rising per capita income and increasing investments on healthcare infrastructure are some of the major factors which are projected to bolster liquid biopsy market in countries such as India and China.
Increasing Prevalence of Cancer across the Globe
High growth in the number of new cases of cancer is anticipated to provide robust growth to the liquid biopsy market during the forecast period. According to World Health Organization, new cases of cancer are anticipated to increase by 70% by 2037. Consequently, this factor is anticipated to increase the demand for liquid biopsy kits and systems during the forecast period.
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Rising Awareness about Early Detection of Cancer
Different awareness programs by Government of various countries and initiatives to reduce the cancer mortality rate are expected to trigger the growth of liquid biopsy market over the forecast period. Further, rising awareness among people is increasing the demand for early diagnosis and screening programs which further, is anticipated to drive the growth of liquid biopsy market. However, high cost of clinical procedures and absence of reimbursement schemes are likely to inhibit the growth of the Global Liquid Biopsy Market in the near future.
The report titled “Global Liquid Biopsy Market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global liquid biopsy market in terms of market segmentation by biomarkers, by sample type, by cancer type and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global liquid biopsy market which includes company profiling of Allergan Inc., Cutera Inc., Alma Lasers Ltd., Johnson & Johnson, IRIDEX Corporation, Genesis Biosystems, Inc, Lumenis Ltd., Merz Pharma and Karl Leibinger Medizintechnik GmbH & Co. KG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global liquid biopsy market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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