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North America Region To Dominate Global Liquid Biopsy Market Over Forecast Period

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Pooja Khodke
North America Region To Dominate Global Liquid Biopsy Market Over Forecast Period

The global Liquid Biopsy Market is estimated to be valued at Us$ 13,220.0 Mn in 2022 and is expected to exhibit a CAGR Of 4.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Liquid biopsy refers to non-invasive diagnostic tests performed on bodily fluids such as blood for screening, detection, diagnosis and monitoring of cancer. It allows detection of circulating tumor DNA released by tumors into the bloodstream. With non-invasive collection of blood samples and ability to detect cancer at early stages, liquid biopsies provide easy cancer screening and monitoring of tumor burden and treatment response over time.


Market key trends:


One of the key trends in the liquid biopsy market is the increasing adoption of multi-gene liquid biopsy panels. These panels test for multiple genomic alterations simultaneously by analyzing cell-free DNA in blood. They provide a comprehensive genomic profile of tumors and monitor treatment response in a single blood draw. Major market players are focusing on developing and commercializing multi-gene liquid biopsy panels for various cancer types which is expected to drive the market growth over the forecast period.

Segment Analysis


The global liquid biopsy market is segmented based on circulating biomarkers, cancers types, applications, end-users and regions. Based on circulating biomarkers, the market is segmented into cell-free DNA (cfDNA), extracellular vesicles (EVs) and circulating tumor cells (CTCs). The cell-free DNA (cfDNA) segment dominates the global market as it has relatively less complications and higher accuracy in screening and diagnosing different types of cancers at an early stage.


Key Takeaways


The global Liquid Biopsy Market is expected to witness high growth, exhibiting a CAGR of 4.5% over the forecast period, due to increasing prevalence of cancer cases globally.


North America dominated the global market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to increasing healthcare expenditure and presence of advanced healthcare infrastructure in the region. Asia Pacific is expected to exhibit fastest growth over the forecast period owing to growing initiatives by public and private organizations to spread awareness about early cancer detection.


The global liquid biopsy market size was valued at US$ 13,220.0 Mn in 2022. The market size is projected to reach US$ 20,432.9 Mn by 2028.


Key players operating in the liquid biopsy market are Guardant Health, F. Hoffmann-La Roche Ltd, Exact Sciences Corporation, Myriad Genetics, Bio-Rad Laboratories Inc., Qiagen N.V., Menarini Silicon Biosystems, Thermo Fisher Scientific Inc., Illumina Inc. and MDxHealth SA.


Read More :  https://www.newsstatix.com/artificial-intelligence-to-drive-significant-growth-in-liquid-biopsy-market/

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Pooja Khodke
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