Liquid Biopsy Market Headed for Growth and Expansion by 2027Posted by Jack Martin on November 22nd, 2017 Future Market Insights presents an in-depth analysis as well as a revised forecast for the global liquid biopsy market in a new report titled ‘Liquid Biopsy Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).’ The revised forecasts indicate that the global liquid biopsy market is estimated to be worth US$ 456.0 Mn by 2017 end, and is expected to expand at a CAGR of 20.6% over the forecast period of 2017–2027 to reach a market valuation of US$ 3,130.7 Mn by the end of the forecast period in 2027. The revision in the market size and forecasts have been carried out taking into account the impact of various macroeconomic indicators and other industry based demand driving factors, as well as the recent developments of key market participants. The global liquid biopsy market is projected to expand at a healthy CAGR of 20.6% in terms of value during the forecast period, revised from the previous CAGR of 21.7%. Widespread acceptance of liquid biopsy technique in North America and steady adoption in developing regions is expected to drive the global liquid biopsy market revenues. An increasing number of biotechnology and pharmaceutical companies are pushing the demand for liquid biopsy for anti-cancerous drug development. Moreover, oncologists are more inclined toward liquid biopsy for cancer detection. Government funding for R&D and clinical trials for diagnostics, treatment, and prevention are other key factors fuelling adoption of liquid biopsy. In contrast, higher cost of liquid biopsy compared to conventional diagnostic techniques and low awareness regarding liquid biopsy tests can pose challenges to market revenue growth. The global liquid biopsy market is segmented on the basis of biomarker type, sample type, disease indication, end user and region. On the basis of biomarker type, the market has been segmented into CTC (Circulating Tumor Cells), ctNA (Circulating Tumor Nucliec Acids), Exosomes. CTC (Circulating Tumor Cells) is the largest biomarker segment in the liquid biopsy market, which is estimated to reach a market valuation of US$ 1,542.0 Mn by 2027, expanding at CAGR of 18.2% over the forecast period 2017–2027.
Based on sample type, the liquid biopsy market is segmented into blood, urine and other. Blood sample segment is expected to dominate the global liquid biopsy market, registering a CAGR of 20.5% in terms of value during the forecast period. Request to View Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5593 Like it? Share it! More by this author |