Liquid Biopsy Market By Offering (Assay Kits, Instruments, Services), Circulating Biomarkers (Circulating Tumor Cells, Circulating Tumor DNA (ctDNA), Cell-free DNA (cfDNA), Extracellular Vehicles (EVS), Other), Sample Type (Blood, Other Sample Types), Technology, Application, End User and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024-2032

Industry : Healthcare | Pages : 186 Pages | Published On : Apr 2024

         
     
The Liquid Biopsy Market is Valued USD 5.1 billion in 2022 and projected to reach USD 23.5 billion by 2032, growing at a CAGR of 18.50% During the Forecast period of 2024-2032.

Liquid Biopsy Market Size


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             2020                         2024-2032      

ReportDetails
Market Size ValueUSD 5.1 billion in 2022
Market Size ValueUSD 23.5 billion by 2032
CAGR18.50%
Forecast Period2024-2032
Base Year 2023
Historic Data2020
Forecast UnitsValue (USD Million/USD Billion)
Segments CoveredOffering, Circulating Biomarkers, Technology, End User and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global Liquid Biopsy market: Bio-Rad Laboratories, Inc., Biocept Inc., Guardant Health, Illumina, Inc., F. Hoffmann-La Roche Ltd., Johnson & Johnson, Inc., Laboratory Corporation of America Holdings, MDxHealth SA, QIAGEN, Thermo Fisher Scientific Inc., and Others.

Market Overview

The global liquid biopsy market has emerged as a transformative force in the field of cancer diagnostics and treatment monitoring. Unlike traditional tissue biopsies, liquid biopsy involves analyzing circulating biomarkers, such as circulating tumor DNA (ctDNA), circulating tumor cells (CTCs), and exosomes, found in bodily fluids like blood. This non-invasive approach provides real-time insights into the genetic makeup of tumors, enabling early cancer detection, monitoring treatment response, and assessing the emergence of resistance mutations. The market's significance lies in its ability to revolutionize cancer care by offering a less invasive, more accessible, and potentially more comprehensive method for understanding the molecular characteristics of tumors.

In the broader healthcare ecosystem, the liquid biopsy market plays a vital role in advancing precision medicine and personalized treatment strategies. The technology not only enhances early cancer detection but also facilitates the identification of specific genetic alterations, allowing clinicians to tailor therapies to individual patients. This targeted approach holds the potential to improve patient outcomes, minimize adverse effects, and optimize resource utilization. Furthermore, the liquid biopsy market benefits the biotechnology and pharmaceutical industries by supporting the development and testing of targeted therapies, ultimately contributing to the evolution of a more effective and efficient cancer treatment landscape.

Rising Incidence of Cancer

One of the primary drivers propelling the global liquid biopsy market is the escalating incidence of cancer worldwide. According to the World Health Organization (WHO), cancer is a leading cause of morbidity and mortality globally, with an estimated 19.3 million new cancer cases and nearly 10 million cancer-related deaths reported in 2020. Liquid biopsy, offering a non-invasive and repeatable method for cancer detection and monitoring, has become pivotal in the battle against this disease. The ability of liquid biopsy to capture real-time genetic information from circulating tumor components, such as ctDNA and CTCs, provides clinicians with a dynamic and comprehensive view of the tumor landscape. This facilitates early detection, monitoring treatment response, and identifying potential resistance mechanisms, critical factors in designing effective and personalized cancer therapies.

Market Dynamics

Drivers:

  • Increasing Incidence of Cancer Globally
  • Advancements in Genomic Technologies
  • Non-invasive Nature of Liquid Biopsy
  • Growing Emphasis on Personalized Medicine

Opportunities:

  • Expansion of Liquid Biopsy Applications Beyond Oncology
  • Rising Adoption of Next-Generation Sequencing (NGS) Technologies
  • Integration of Artificial Intelligence and Machine Learning in Data Analysis
  • Emerging Markets with Untapped Growth Potential

Advancements in Genomic Technologies

The continuous advancements in genomic technologies significantly contribute to the growth of the liquid biopsy market. Next-generation sequencing (NGS) and digital PCR technologies have played a crucial role in enhancing the sensitivity and specificity of liquid biopsy assays. These technologies enable the detection of minute quantities of circulating tumor components, even in early-stage cancers, and allow for the identification of rare genetic mutations. As the cost of genomic sequencing continues to decline and the analytical capabilities of these technologies improve, liquid biopsy is becoming more accessible for routine clinical use. The integration of artificial intelligence and machine learning in data analysis further enhances the accuracy and efficiency of liquid biopsy results, making it a valuable tool in the era of precision medicine.

North America dominates the market for Liquid Biopsy.

In the global landscape, North America dominates the liquid biopsy market, with the United States being a key contributor. The region's robust healthcare infrastructure, high prevalence of cancer, and substantial investments in research and development contribute to its market leadership. The U.S. FDA's approval of liquid biopsy-based companion diagnostics has further accelerated the market adoption.

While North America holds a significant share, the Asia-Pacific region, led by China, is emerging as a high-growth market for liquid biopsy. The increasing cancer burden in Asia, coupled with improving healthcare infrastructure and rising awareness, is driving market expansion. China, in particular, is witnessing rapid growth, supported by initiatives promoting precision medicine and genomics research. Other countries like Japan and South Korea are also making strides in adopting liquid biopsy for cancer management, showcasing high growth potential in the near future. The escalating healthcare expenditure, coupled with a growing emphasis on early cancer detection and personalized medicine, positions these countries as key players in the expanding global liquid biopsy market.

The Technology Segments is anticipated to hold the Largest Market Share during the Forecast Period

Based on technology the liquid biopsy market is segmented into Multi-gene Parallel Analysis using NGS and Single-gene Analysis using PCR Microarrays. The technology segment encompassing multi-gene parallel analysis using Next-Generation Sequencing (NGS) and single-gene analysis employing Polymerase Chain Reaction (PCR) microarrays is dominating the liquid biopsy market due to its dual advantage of comprehensive genomic profiling and targeted, cost-effective analysis. NGS allows simultaneous examination of numerous genes, providing a holistic view of the tumor's molecular landscape, essential for personalized treatment strategies. Meanwhile, single-gene analysis using PCR microarrays offers a focused approach, ideal for scenarios where specific genetic mutations need precise identification. The synergy of these technologies enables clinicians to balance depth and breadth in genomic analysis, catering to diverse clinical needs, making this segment a preferred choice in liquid biopsy applications.

Major Segmentations Are Distributed as follows:

  • By Product & Service
    • Assay Kits
    • Instruments
    • Services
  • By Circulating Biomarkers
    • Circulating Tumor Cells
    • Circulating Tumor DNA (ctDNA)
    • Cell-free DNA (cfDNA)
    • Extracellular Vesicles (EVS)
    • Other Circulating Biomarkers
  • By Sample Type
    • Blood
    • Other Sample Types
  • By Technology
    • Multi-gene Parallel Analysis using NGS
    • Single-gene Analysis using PCR Microarrays
  • By Application
    • Cancer Application
      • Lung Cancer
      • Breast Cancer
      • Colorectal Cancer
      • Prostate Cancer
      • Melanoma
      • Other
    • Non-cancer Applications
      • Non-invasive Prenatal Testing (NIPT)
      • Organ Transplantation
      • Infectious Disease Testing
  • By End User
    • Reference Laboratories
    • Hospitals & Physician Laboratories
    • Academic & Research Centers
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Rest of the World
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey

Recent Developments

  • On August 2022, the first NGS-based tests that could handle both DNA and RNA input was released by Thermo Fisher Scientific Inc. From blood and bone marrow samples, the Ion Torrent Oncomine Myeloid MRD Assays (RUO) offer thorough and extremely sensitive myeloid measurable residual (MDR) evaluations.

Liquid Biopsy Market Report Gives Answers to Following Key Questions:

  • What will be the Liquid Biopsy Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Liquid Biopsy Market?
  • What are the main forces behind the worldwide Liquid Biopsy Market? Which companies dominate the Liquid Biopsy Market?
  • Which companies dominate the Liquid Biopsy Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Insight Engines industry's suppliers' opportunities and dangers in Liquid Biopsy Market?
  • What is the Insight Engines industry's regional sales, income, and pricing analysis? In the Liquid Biopsy Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Liquid Biopsy Market?
  • What are the main geographical areas for various industries that are anticipated to observe an astounding expansion in Liquid Biopsy Market?
  • What are the dominant revenue-generating regions for Liquid Biopsy Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Liquid Biopsy Market trends that are influencing the market's expansion?
  • Which key product categories dominate the Liquid Biopsy Market? What are the Liquid Biopsy Market’s main applications?
  • In the coming years, which Liquid Biopsy Market technology will dominate the market?

Reason to purchase this Liquid Biopsy Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Liquid Biopsy Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Liquid Biopsy Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Liquid Biopsy Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Liquid Biopsy Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Liquid Biopsy Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

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Table and Figures

Methodology:

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Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

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