The Liquid Biopsy Market was valued at US$ 2.55 Bn. in 2023. Global Liquid Biopsy Market size is expected to grow at a CAGR of 20.9 % through the forecast period.
Liquid Biopsy Market Overview:
The liquid biopsy market is witnessing rapid growth driven by its ability to provide a non-invasive, accurate, and efficient method for cancer detection and monitoring. This innovative diagnostic tool leverages circulating biomarkers such as circulating tumor DNA (ctDNA) and exosomes to detect and analyze tumor-specific mutations. The increasing focus on early cancer diagnosis and personalized medicine has amplified the adoption of liquid biopsy techniques. Advances in next-generation sequencing (NGS) and biomarker development further bolster its utility in clinical settings, making it a preferred choice over traditional tissue biopsies for oncology diagnostics.
What are Liquid Biopsy Market Dynamics?
The rising incidence of cancer globally is a significant driver for the liquid biopsy market. According to the World Health Organization, cancer remains a leading cause of mortality worldwide, with millions of new cases diagnosed annually. Liquid biopsy offers a less invasive and more patient-friendly alternative to traditional diagnostic methods, enabling early detection, treatment monitoring, and improved prognostic evaluation. This growing demand for effective and accessible cancer diagnostics aligns seamlessly with the capabilities of liquid biopsy technologies.
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Liquid Biopsy Market Trends:
One prominent trend in the liquid biopsy market is the increasing integration of multi-gene panel testing using NGS technology. This approach provides comprehensive insights into tumor genetics, enabling the detection of a broad spectrum of mutations and resistance mechanisms. The continuous reduction in sequencing costs has made NGS more accessible, further driving its adoption in routine clinical practice and broadening its application in liquid biopsy tests.
Liquid Biopsy Market Opportunities:
The rising prominence of companion diagnostics offers substantial opportunities in the liquid biopsy market. As personalized medicine continues to evolve, the demand for tailored therapies and diagnostics that ensure optimal patient outcomes is growing. Liquid biopsy’s ability to identify genetic mutations and predict therapeutic responses positions it as a key enabler of this trend, unlocking new possibilities in drug development and clinical trial applications.
What is Liquid Biopsy Market Regional Insight?
North America dominates the liquid biopsy market, holding the largest share due to robust investments in cancer research and the presence of key biotechnology companies. The U.S., in particular, is a hub for innovation in liquid biopsy technologies, supported by organizations like the American Society of Clinical Oncology (ASCO). Strong regulatory support and FDA-approved tests have accelerated market adoption in this region, making it a leader in non-invasive cancer diagnostics.
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What is Liquid Biopsy Market Segmentation?
by Product
Assay Kits
Instruments
by Technology
Multi-gene-parallel Analysis (NGS)
Single Gene Analysis (PCR Microarrays)
by Application
Cancer
Non- Cancer
by End User
Reference Lab
Hospitals
Some of the current players in the Liquid Biopsy Market are:
1. F. Hoffmann-La Roche Ltd. (Switzerland)
2. Myriad Genetics, Inc. (US)
3. QIAGEN N.V. (Netherlands)
4. Thermo Fisher Scientific, Inc. (US)
5. Guardant Health, Inc. (US)
6. MDxHealth SA (Belgium)
7. Exact Sciences Corporation (US)
8. Illumina Inc. (US)
9. Sysmex Inostics (US)
10. Bio-Rad Laboratories, Inc. (US)
11. Biocept, Inc. (US)
12. NeoGenomics, Inc. (US)
13. ANGLE plc. (UK)
14. Menarini-Silicon Biosystems (Italy)
15. Vortex Biosciences, Inc. (US)
16. Exosome Diagnostics, Inc. (US)
17. Agena Bioscience, Inc. (US)
18. MedGenome Inc. (US)
19. Epigenomics AG (Germany)
20. Personal Genome Diagnostics, Inc. (US).
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Key Offerings:
- Past Market Size and Competitive Landscape
- Liquid Biopsy Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Liquid Biopsy Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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