
EV-based liquid biopsy refers to the use of extracellular vesicles (EVs) as a non-invasive diagnostic tool for detecting and monitoring various diseases, including cancer. The global EV-based liquid biopsy market has experienced substantial growth driven by technological advancements, rising demand for non-invasive diagnostics, and the global increase in cancer prevalence.
EV-based liquid biopsy offers a range of advantages over traditional biopsy methods, including minimal invasiveness, real-time monitoring, and the potential for early disease detection. These benefits have resulted in widespread adoption across healthcare facilities and research institutions. Furthermore, the expanding applications of EV-based liquid biopsy in personalized medicine and precision oncology are projected to drive further market expansion.
Current Market Scenario
According to BIS Research, the EV-based liquid biopsy market includes the development, manufacturing, and commercialization of technologies, kits, assays, instruments, platforms, consumables, and services related to the isolation, characterization, and analysis of EVs for research and clinical purposes. This market includes various key players such as biotechnology and pharmaceutical companies, diagnostic laboratories, and academic and research institutions. The market is driven by the growing demand for non-invasive diagnostic methods and increasing research and clinical applications of EV-liquid biopsy in various diseases, particularly cancer.
Currently, North America dominates the EV-based liquid biopsy market, benefiting from its well-established healthcare infrastructure, advanced diagnostic technologies, and a high prevalence of cancer in the region. However, substantial growth is expected in the Asia-Pacific region due to increasing healthcare expenditure, growing awareness of non-invasive diagnostic techniques, and a large patient pool.
According to BIS Research, The global EV-based Liquid Biopsy Market was valued at $78.22 million in 2022 and is anticipated to reach $455.53 million by 2032, witnessing a CAGR of 19.73% during the forecast period 2023-2032.
Key Market Players:
The key players in the EV-based liquid biopsy market include Abcam plc, Horiba Ltd, Qiagen N.V., Bio-Techne Corporation, Lonza Group AG, Takara Bio Inc, and Thermo Fisher Scientific Inc. These market participants actively engage in strategic collaborations, product launches, and mergers and acquisitions to fortify their market position and expand their product portfolios.
Key Questions Answered in the Report:
▪ What is EV-based liquid biopsy?
▪ What is the market size and future potential of EV-based liquid biopsy?
▪ What will be the impact of COVID-19 on the global EV-based liquid biopsy market?
▪ What is the forecasted revenue of the global EV-based liquid biopsy market?
▪ Which region is expected to contribute to the highest revenue of the global EV-based liquid biopsy market during the forecast period?
▪ What are the major market drivers, challenges, and opportunities and their respective impacts in the global EV-based liquid biopsy market?
▪ What are the key development strategies that have been implemented by the major players in order to sustain the competitive market?
▪ How is each segment of the market expected to grow during the forecast period from 2023 to 2032 based on each segment?
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