Liquid Biopsy Market by Product & Service (Kits & Reagents, Platforms & Instruments, and Services), Circulating Biomarker (Circulating Tumor Cells, Extracellular Vesicles, Circulating Tumor DNA [ctDNA], and Other Biomarkers), Cancer Type (Lung Cancer, Breast Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer, and Other Cancers), and End User (Hospitals & Laboratories and Government & Academic Research Centers): Global Opportunity Analysis and Industry Forecast, 2021-2028.
The global Liquid Biopsy Market garnered $1.20 billion in 2020, and is estimated to reach $6.80 billion by 2028, witnessing a CAGR of 20.9% from 2021 to 2028.
How Big is Liquid Biopsy Market?
Asia-Pacific has the most noteworthy development rate in the market which is developing this is credited because of Asia-Pacific have a huge patient pool with an ascent in discretionary cashflow, expansion in government drives to modernize medical services framework, and ascend in medical services expenditureAn expansion in the quantity of persistent illnesses that lead to organ disappointments is supposed to help the interest for defrosted blood.
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Covid-19 Scenario:
- The market has suspended early diagnosis programs owing to the lockdown imposed by government bodies. In addition, there has been a decrease in screenings, visits, therapies, and surgeries related to cancer.
- The pandemic has also affected the logistics and supplies of cancer diagnostic raw materials and components and other essential commodities required for the production of liquid biopsy.
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Based on region, North America contributed to the largest market share in 2019, holding more than two-fifths of the total share, and is expected to maintain its dominant share in terms of revenue by 2028. However, Asia-Pacific is estimated to portray the highest CAGR of 22.7% during the forecast period. Other provinces covered in the report include LAMEA and Europe.
Some of the Top Players in the Global Market Are:
- Johnson & Johnson
- Laboratory Corporation of America Holdings
- MDxHealth SA
- QIAGEN N.V.
- Bio-Rad Laboratories, Inc
- Biocept Inc.
- Guardant Health Inc.
- Illumina, Inc.
- F. Hoffmann-La Roche Ltd. (FOUNDATION MEDICINE, INC.)
- Thermo Fisher Scientific Inc.
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Important Questions Being Answered by the Market Report
- What is the liquid biopsy market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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