Cancer Therapeutics Market by Application (Blood Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Breast Cancer, Cervical Cancer, Head & Neck Cancer, Glioblastoma, Malignant Meningioma, Mesothelioma, Melanoma, and Others) and Top Selling Drugs (Revlimid, Avastin, Herceptin, Rituxan, Opdivo, Gleevec, Velcade, Imbruvica, Ibrance, Zytiga, Alimta, Xtandi, Tarceva, Perjeta, Temodar, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Liquid biopsy tests prove to be an easy and non-invasive method to access molecular information about the tumor genome. Moreover, these tests facilitate early detection of cancer recurrence, and characterization of tumor dynamics. Safety and efficiency of cancer treatment is improved by the use of these tests, owing to their ability to characterize the new lesions, implement therapeutic targets, and predict the treatment outcome
Key Findings Of The Study
- By region, Europe occupied 26.4% share of the global liquid biopsy market in 2020.
- By region, Asia-Pacific is anticipated to grow with the highest CAGR throughout the forecast period.
- By cancer type, the breast cancer segment accounted for 7.2% share of the market in 2020.
- By product & service, the platforms & instruments application segment is anticipated to grow at the highest rate during the analysis period.
Prominent players operating in the global liquid biopsy market include Bio-Rad Laboratories, Inc, Biocept Inc., Guardant Health Inc., Illumina, Inc., F. Hoffmann-La Roche Ltd., Johnson & Johnson, Laboratory Corporation of America Holdings, MDxHealth SA, Qiagen N.V., and Thermo Fisher Scientific, Inc.
By product & service, the market is categorized into kits & reagent, platforms & instruments, and service. The kits & reagent segment generated the highest revenue in 2020 attributed to the requirement of reagents to execute liquid biopsy tests and their applicability.
By circulating biomarker, the market is divided into circulating tumor cell, extracellular vesicle, circulating tumor DNA, and other biomarkers. The circulating tumor cell (CTC) segment was the highest revenue contributor in 2020 attributed to the large number of promising clinical outcomes and wide usage of CTC in liquid biopsy based cancer diagnosis. On the other hand, the circulating tumor DNA is expected to be the fastest growing segment during the forecast period owing to rapid development of next-generation sequencing (NGS) technologies applied to circulating tumor DNA (ctDNA).
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2020, North America accounted for the largest share of the liquid biopsy market, Factors such as high prevalence rate of cancer, wide adoption of novel liquid-biopsy tests, availability of advanced healthcare infrastructure, and high healthcare expenditure are driving the growth of North America liquid biopsy market. However, Asia-Pacific is anticipated to witness the highest CAGR during the forecast period, -primarily due to rise in disposable income, increase in government initiatives to modernize healthcare infrastructure, and rise in healthcare expenditure.
Cancer Therapeutics Key Market Segments:
- Blood Cancer
- Lung Cancer
- Colorectal Cancer
- Prostate Cancer
- Breast Cancer
- Cervical Cancer
- Head and Neck Cancer
- Malignant Meningioma
By Top Selling Drugs
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