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Liquid Biopsy Market by Biomarkers (Circulating Tumor Cells (CTC), Circulating Tumor DNA (ctDNA), Others), by Product (Kits & Reagents, Assay & Reagents, Others), by Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Prostate Cancer, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain), by Asia Pacific (China, Japan, India), by Latin America (Brazil, Mexico), by Middle East & Africa (South Africa, Saudi Arabia) Forecast 2025-2033
The size of the Liquid Biopsy Market market was valued at USD 1.6 Billion in 2023 and is projected to reach USD 9.88 Billion by 2032, with an expected CAGR of 29.7% during the forecast period. The market that is known by the term of liquid biopsy are non-invasive diagnostic techniques and detect genetic materials such as DNA, RNA or protein from blood samples or other biological fluids. Their popularity is largely due to a fact that many diseases, among them cancer could be detected relatively early. With the help of liquid biopsies, possible mutations could identify the appropriate tailor-made treatment procedure. Liquid biopsies provide tumor profiling or monitoring disease advancement. They are considered to be less invasive than traditional biopsies that usually require a tissue sample; hence, they are more easily accessible for the patients. Liquid biopsy finds key applications in cancer diagnostics, prenatal testing, and minimal residual disease monitoring post-treatment. It is also increasingly being looked into for other diseases, including cardiovascular conditions and neurological disorders. The liquid biopsy test gives real-time information and is emerging as a useful tool in personalized medicine. This means that targeted therapies and early intervention become possible. Despite the promising benefits, there are several challenges to market growth. Liquid biopsies are still being improved upon in terms of accuracy and reliability because false positives and negatives may occur, impacting their diagnostic value. The cost of testing is quite high, and standardized protocols may not be applied uniformly across different regions, further hindering their adoption. Furthermore, regulatory hurdles and reimbursement issues remain significant barriers for the market. The key companies in the liquid biopsy market include leaders in the development and commercialization of liquid biopsy technologies. Such companies are Illumina Inc., Thermo Fisher Scientific, and Bio-Rad Laboratories. Notable players are Guardant Health and Foundation Medicine, which aim to advance the development of liquid biopsy tests for cancer detection and personalized treatment. Through future research and developments, the market will grow speedily with heavy investments in developing innovation and liquid biopsy application through multiple therapeutic areas," it added.
The liquid biopsy market is moderately concentrated, with major players holding significant market shares. However, the market is also characterized by a growing number of emerging and innovative companies.
The market is driven by innovation, with ongoing research and development efforts aimed at improving the accuracy, sensitivity, and specificity of liquid biopsies. Regulations and product substitutes may impact the growth of the market. The end-user concentration is primarily in hospitals and research institutions. M&A activities are expected to drive consolidation in the market.
Key market insights include the shift towards personalized medicine, the increasing use of liquid biopsies for minimal residual disease (MRD) detection, and the growing adoption of liquid biopsies in clinical trials.
Technological advancements, such as the development of single-cell sequencing technologies, are expected to further drive the growth of the liquid biopsy market. Additionally, the increasing use of liquid biopsies in combination with other diagnostic tools, such as imaging and pathology, is expected to improve patient outcomes.
Key Regions/Countries:
Dominating Segments:
The market report provides comprehensive insights into the product segments, including kits & reagents, assay & reagents, and others. It also assesses the applications of liquid biopsies in various cancer types, such as lung cancer, breast cancer, and colorectal cancer.
The global liquid biopsy market is projected to reach USD 8.3 billion by 2028. North America accounted for the largest market share in 2022, followed by Europe and Asia Pacific. Factors contributing to the growth of the liquid biopsy market include the increasing prevalence of cancer, the need for personalized treatments, and technological advancements.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 29.7% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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