Breast Cancer Liquid Biopsy Market | Asia-Pacific region would exhibit the highest CAGR of 20.1% during 2019-2027

According to a new report published by Allied Market Research, titled, “Breast Cancer Liquid Biopsy Market by Product & Service, Circulating Biomarker, and Application: Opportunity Analysis and Industry Forecast, 2019–2027,” the global breast cancer liquid biopsy market was valued at $87,641 thousand in 2019, and is projected to reach $357,051 thousand by 2027, registering a CAGR of 19.2% from 2019 to 2027.

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Covid – 19 impact on Breast Cancer Liquid Biopsy Market 

COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. This COVID-19 pandemic has affected breast cancer liquid biopsy reagent kits production and import & export of raw material and finished goods, owing to shutdowns in various COVID-19-affected countries. Temporary disruptions of inputs or production might stress some companies, particularly those with inadequate liquidity. Moreover, delayed shipments & production schedules create financial problems for companies with heavy debts. This, in turn, has limited the impact of COVID-19 on the market.

Key Findings Of The Study 

  • By product & service, the reagent kits segment held largest market share in 2019, and is expected to remain dominant throughout the forecast period.
  • On the basis of circulating biomarker, the circulating tumor cell segment held largest market share in 2019, and is expected to remain dominant throughout the forecast period. 
  • According to application, the diagnostics segment exhibits fastest growth, and is expected to grow at a CAGR of 20.2% from 2019 to 2027.
  • Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 20.7% during the forecast period. 

North America accounted for the largest share of the global breast cancer liquid biopsy market in 2019, and is expected to remain dominant throughout the forecast period. This was attributed to increase in prevalence of breast cancer and higher number of R&D activities to develop novel breast cancer liquid biopsy reagent kits. Moreover, large number of target population with higher health awareness, availability of trained medical professionals, and rise in investments by leading market players and hospitals are other factors that fuel growth of the market. 

Key Market Segments

  • By Application
    • Diagnostics
    • Prognostics
    • Risk assessment
  • By Circulating Biomarker
    • Circulating Tumor Cells
    • Extracellular Vesicles
    • Circulating Tumor DNA
  • By Product Services
    • Reagent Kits
    • Instruments
    • Services

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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