Liquid Biopsy Market
Posted by ahila on April 25th, 2018
By-Products and Services (Instruments, Reagents, and Services & Software), By Biomarker Type (Circulating Tumor Cells (CTC), Circulating Tumor DNA (ctDNA), Exosomes, and Others), By Sample Type (Blood Samples, Urine Samples, and Other Biofluid Samples), By Application (Breast Cancer, Colorectal Cancer, Gastrointestinal Cancer, Leukemia, Lung Cancer, Prostate Cancer, and Other Cancers), By Analysis Method (Multigene – parallel Analysis and Single Gene Analysis (PCR Microarrays)), By End-User (Hospitals, Diagnostic Laboratories, and Academic and Research Institutes), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2024
Global Liquid Biopsy Market Report Description:
Global liquid biopsy market report gives a comprehensive outlook on liquid biopsy products and services across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). The report on liquid biopsy market gives historical, current, and future market sizes (US$ Mn) on the basis of product & services type, biomarker type, sample type, application, analysis method, end user, and geographic regions. This report studies liquid biopsy market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, liquid biopsy market report includes new product introductions; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed liquid biopsy market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the liquid biopsy market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in manufacturing, supply, and usage of liquid biopsy products and services.
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Global Liquid Biopsy Market:
Global liquid biopsy market estimated to be valued US$ 734 Mn in 2017 and poised to grow at CAGR of 21.4% over 2017-2024. The market for liquid biopsy projected to reach US$ 2345 Mn by 2024 owing to growing need for effective and non-invasive cancer diagnostic tools.
Trusted alternative to conventional cancer screening method
Global liquid biopsy market is gaining traction in recent times owing to its accurate, effective results in comparison with traditional cancer screening methods, which are achieved through minimal invasiveness and expenses. Challenges associated with traditional biopsies such as invasiveness, ill-informed results, post-sampling medical challenges and costs are prompting the healthcare professionals to adopt less invasive liquid biopsy tests for cancer screening and management, which is projected to create significant market demand for liquid biopsy products and services over the forecast period. Moreover, several clinical research activities related to liquid biopsy biomarkers are in late stage and it is expected that upon successful launch and commercialization of these tests over the forecast period will result in significant market growth.
Growing investment in liquid biopsy products R&D and commercialization is projected to drive the market revenue growth
Players in the global liquid biopsy market increasingly attracting the investments in recent times for development and commercialization of late-stage products through IPOs. For instance, RainDance Technologies and Biocept filled IPOs in 2015 and 2014 respectively to develop advanced liquid biopsy technologies to aid physicians to devise suitable treatment strategies. Moreover, growing awareness among key stakeholders regarding liquid biopsy assays expected to drive market demand for these tests over the forecast period across the globe.
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About the Authorahila
Joined: March 20th, 2018
Articles Posted: 168
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