Global liquid biopsy market is expected to reach USD 3005.69 Million by 2024 with CAGR of 22.78% from USD 582.17 Million in 2016. A liquid biopsy, also known as fluid biopsy or fluid phase biopsy is a simple and non-invasive alternative to surgical biopsies which enables doctors to discover a wide range of information about a tumour through samples like a blood sample, urine sample, Plasma, and other bio fluids.
This is a comprehensive report on the Global Liquid Biopsy Market Analysis on the basis of cancer types, products, Technology/circulating biomarkers, Sample Types, and the end-users and Global Forecasts (2017 -2024). Some of the factors majorly involved in the growth of this market include increasing and persisting widespread presence of cancer, increasing preference for non-invasive procedures for liquid biopsy by oncologists, and availability of funding for liquid biopsy research & development. From the clinical application segment, the therapy selection segment is anticipated to account for the largest share of the liquid biopsy market in 2017 owing to potential benefits offered by liquid biopsy in therapy selections. The assay kits segment from product segment is anticipated to hold a larger share of the overall Global Liquid Biopsy Market owing to surge in basic research and commercial applications, growing need for reliable and specific assays, and rise in demand for liquid biopsy tests. Global Liquid Biopsy Market for cancer application segment is anticipated to grow at the highest CAGR during the forecast period. From the end user segment, liquid biopsy market for reference laboratories segment is expected to account for the larger share of the Global Liquid Biopsy Market, owing to increased number of liquid biopsy test samples outsourced to reference laboratories. Among the geographical regions, North America is anticipated to lead the market in terms of revenue. This growth can be attributed to easy accessibility and high adoption of advanced diagnostic technologies among healthcare professionals. However, APAC is expected to witness the highest CAGR between 2017 and 2024. The growing focus of global life science companies in this region, rising penetration of cutting-edge diagnostic technologies, rising disposable incomes in the middle-class populations’ infrastructural developments, and government initiatives to increase awareness about genome-based diagnostic procedures are the major factors propelling the growth of liquid biopsy market in this region. Key Highlights: • Global Liquid Biopsy Market report is a result of detailed qualitative and quantitative analysis of the current market trends and forecast of global opportunities and growth. • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Global Liquid Biopsy Market report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business • Market estimations based on a comprehensive analysis of the key factors in the industry. • The complete analysis of factors that play the major role in changing the market scenario, prospective opportunities, market shares, growth strategies, and business optimization methodologies along with the mentioning of major companies is specified • Provides detailed information regarding the major factors influencing the growth of the Liquid Biopsy Market (drivers, restraints, opportunities, and challenges) • Analysis based on geography to assess the opportunities of regional markets and understand and plan the business strategy. Years that have been considered for the study are as follows: • Base Year — 2016 • Estimated Year — 2017 • Forecast Period — 2017 to 2024 For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered Research Methodology: The objective of the analysis is to estimate the market size of the Global Liquid Biopsy Market for 2017 and project its trend in demands till 2024 with qualitative and quantitative analysis of cloud testing in the cloud computing environment of the Global Liquid Biopsy Market. Our experts’ team has studied various industry reports, directories, and journals, referred data and information available with various sources and associations to collect relevant information and carry out necessary analysis to put it in concatenated and segmented format to make the most use out of it. Primary research has been carried out; also, various experts from industries and suppliers from around the globe have given their inputs in order to make the analysis more accurate.
Key Players in Global Liquid Biopsy Market are: The major key players that influence the growth of the Liquid Biopsy Market globally are as listed: • Qiagen N.V. • Roche Diagnostics • Bio-Rad Laboratories Inc. • Myriad Genetics, Inc. • Menarini Silicon Biosystems • Genomic Health, Inc. • Thermo Fisher Scientific Inc. • Illumina, Inc. • Biocept, Inc.
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