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The Global Liquid Biopsy Market Growth Accelerated By Early Disease Detection Capabilities

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ashwinicmi
The Global Liquid Biopsy Market Growth Accelerated By Early Disease Detection Capabilities

 

Liquid biopsy has emerged as an important diagnostic tool for detecting cancer at early stages by analyzing blood, urine or other bodily fluids instead of traditional invasive tissue biopsies. Liquid biopsy offers advantages like minimally invasive collection procedures, dynamic monitoring capabilities, and early disease detection through liquid samples.

The global Liquid Biopsy Market is estimated to be valued at US$ 5.25 Bn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

The increasing adoption of liquid biopsy for early disease detection is one of the key trends fueling the growth of the liquid biopsy market. Liquid biopsy aids in the detection of cancer at even the earliest stages by analysis of blood or other body fluids without the need for invasive tissue biopsies. This provides crucial advantages like non-invasive sample collection and monitoring of disease progression or response to therapies. Advancements in liquid biopsy technologies allowing detection of even the smallest amount of circulating tumor DNA or cells in blood is improving early cancer detection capabilities significantly. This rising ability of liquid biopsy techniques to detecting cancer at very early or even pre-cancerous stages well before structural or morphological changes occur in tissues is driving increased adoption and further market growth.


Segment Analysis

The global liquid biopsy market is dominated by the circulating tumor cell (CTC) detection segment. CTC detection technologies help detect the presence and biologic features of CTCs in the blood to understand the disease better at the molecular level. Compared to other liquid biopsy analysis techniques such as circulating tumor DNA (ctDNA) analysis and exosomes analysis, CTC detection offers higher sensitivity and specificity for cancer monitoring and management. This makes CTC detection the preferred liquid biopsy methodology among oncologists currently for clinical applications.


Key Takeaways

The Global Liquid Biopsy Market Size  is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 6.7% during this period and reach a size of US$ 5.25 billion by 2024.


Regional analysis: North America currently dominates the global liquid biopsy market owing to the high adoption of novel cancer diagnostic technologies and significant funding for cancer research activities in the region. However, Asia Pacific is expected to register the highest growth during the forecast period supported by improving diagnostic infrastructure, rising healthcare expenditure, and increasing cancer incidence in developing countries such as China and India.


Key players: Key players operating in the liquid biopsy market are Guardant Health, F. Hoffmann-La Roche Ltd, Adaptive Biotechnologies, Qiagen, MDxHealth, Bio-Rad Laboratories, Inc., Menarini Silicon Biosystems, Thermo Fisher Scientific Inc., Illumina, Inc. Guardant Health leads the market with its proprietary Guardant360 liquid biopsy assay approved for clinical use in cancer monitoring and recurrence detection. Roche and Qiagen also have strong product portfolios in liquid biopsy kits and reagents for ctDNA detection.


For More details on the topic:

https://www.marketwebjournal.com/liquid-biopsy-market-liquid-biopsy-market/


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