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 comprehensive market analysis delves into the dynamic competitive landscape, offering essential insights into market share data and detailed profiles of leading global companies. Through an in-depth examination of the Liquid Biopsy Market, the study identifies key factors driving regional variations in industry growth.
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Liquid Biopsy Market Scope:
Following the market valuation phase, extensive primary research was conducted to gather, analyze, and verify crucial data. This process included assessing market size, forecasting future trends, identifying key factors, and ensuring data accuracy through triangulation. By employing both top-down and bottom-up approaches, along with additional verification techniques, we meticulously analyzed market segments and sub-segments. The data collected underwent rigorous qualitative and quantitative analysis, ensuring the report provides comprehensive insights.
Liquid Biopsy Market Regional Insights
The detailed regional analysis in Liquid Biopsy market research pinpoints key drivers and highlights regulatory changes that influence current and future market trends. By analyzing both existing and emerging patterns, the research reveals hidden market potential and identifies profitable opportunities for improving market positioning. This evaluation, which considers current conditions and future developments, offers a robust understanding of the dynamics within 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 global Liquid Biopsy Market, valued at USD 2.55 billion in 2023, is projected to grow at a robust CAGR of 20.9% through 2030. This growth is driven by the increasing prevalence of cancer, advancements in technology, and the rising demand for non-invasive diagnostic methods. Liquid biopsy offers significant advantages over traditional tissue biopsies, such as early cancer detection, real-time monitoring, and patient comfort. Despite challenges like variable sensitivity and reimbursement complexities, the market is buoyed by innovations in technologies like next-generation sequencing and the growing importance of companion diagnostics. The North American region leads the market due to its advanced biotechnology sector and substantial investments, setting the stage for continued growth and development in the field of cancer diagnostics.
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