Projection of Revenue Growth:
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 detailed market analysis explores the dynamic competitive landscape, providing vital insights into market share data and comprehensive profiles of leading global companies. By closely investigating the Liquid Biopsy Market, the study pinpoints the primary factors influencing regional disparities in industry growth.
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Liquid Biopsy Market Scope:
After the market valuation phase, extensive primary research was conducted to collect, analyze, and validate critical data. This process included assessing market size, forecasting future trends, identifying key factors, and ensuring data accuracy through triangulation. Using both top-down and bottom-up methodologies, along with supplementary verification techniques, we thoroughly examined market segments and sub-segments. The collected data underwent rigorous qualitative and quantitative analysis, ensuring the report delivers comprehensive insights.
Liquid Biopsy Market Regional Insights
The comprehensive regional analysis in Liquid Biopsy market research identifies key drivers and highlights regulatory changes influencing current and future market trends. By examining both existing and emerging patterns, the research reveals hidden market potential and identifies profitable opportunities for improved market positioning. This evaluation, which considers both current conditions and future developments, provides a robust foundation for understanding the dynamics of various geographic markets.
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
Liquid Biopsy Market Key Players
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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Conclusion:
The Liquid Biopsy Market, valued at USD 2.55 billion in 2023, is projected to grow at a CAGR of 20.9% through the forecast period, driven by the rising incidence of cancer, technological advancements, and the non-invasive nature of liquid biopsies. Despite challenges such as lower sensitivity and reimbursement complexities, the market benefits from the increasing adoption of companion diagnostics and advancements in multi-gene-parallel analysis (NGS). North America, particularly the U.S., dominates the market due to significant investments and supportive regulatory environments. This comprehensive analysis highlights the dynamic growth, opportunities, and competitive landscape within the liquid biopsy industry, providing valuable insights for stakeholders.
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