Data Bridge Market Research has recently added a concise research on the Global Liquid Biopsy Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. The development plans, market risks, opportunities and development threats are explained in detail. The CAGR value, technological development, new product launches and Industry competitive structure is elaborated. As per study key players of this market are
Global liquid biopsy market is registering a healthy CAGR of 23.80% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to advent of various innovations and researches in the field of healthcare to integrate technology, to enable diagnosis and treatment with minimally invasive procedures. Few of the major market competitors currently working in the global liquid biopsy market are Eurofins Scientific, MDxHealth, CareDx Inc., Immucor, Inc., Thermo Fisher Scientific Inc., Menarini Silicon Biosystems, QIAGEN, GUARDANT HEALTH, INC, Exact Sciences Corporation, Myriad Genetics, Inc., LungLife AI, Inc., Bio-Rad Laboratories, Inc., Natera, Inc., Trovagene, Exosome Diagnostics, Illumina, Inc., Genomic Health, Biocept, Inc, RainDance Technologies Inc., BGI and F. Hoffmann-La Roche Ltd among others.
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NOTE: This report takes into account the current and future impacts of COVID-19 on this industry and offers you an in-depth analysis of Liquid Biopsy Market.
Competitive Analysis:
Liquid biopsy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid biopsy market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Liquid Biopsy Market
Liquid biopsy is minimally invasive technology which does not require costly invasive procedures. It enables the doctors to access various diseases and make a decision through blood sample of the patient. It is mainly used for monitoring and diagnostic purpose. Various doctors use it to test the cancer in the blood cells of the patient. It only requires 5 milliliters of blood which means they are much easier to tolerate and this makes the procedure quicker than a surgical biopsy.
Market Drivers
- The rising prevalence of cancer is a key driver for the market
- Noninvasive procedures preferences have increased which has propelled the market growth
- Government and global health organizations have taken many initiatives which has boosted the market
- Personalized Medic one has gained a lot of emphasis which has driven the market growth
- There are various technological upgradation and advancements to augment market revenues
- There are various players spending on R&D for liquid biopsy is boosting the market growth
Market Restraints
- There is a lack awareness in developing and underdeveloped counters which act as a restraint to the market growth
- There are various limitations associated with liquid biopsy testing which is hampering the market growth
- The low sensitivity and specificity is hindering the market growth
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Segmentation: Global Liquid Biopsy Market
Global Liquid Biopsy Market By Sampling Type (Blood Sampling LB, Urine Sampling LB, Saliva & other tissue fluids sampling LB), Products and Service (Assays Kits, Instruments, Services), Circulating Biomarker (Circulating Tumor Cells, Circulating Tumor DNA (CTDNA), Cell-Free DNA, Extracellular Vesicles (Evs), Other Circulating Biomarkers), Clinical Application (Early Cancer Screening, Therapy Selection, Treatment Monitoring, Recurrence Monitoring), Application (Cancer Applications, Non-Cancer Applications), End User (Reference Laboratories, Hospitals and Physician Laboratories, Academic and Research Centers, Other End Users), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Developments in the Market:
- In May 2019, Thrive Earlier Detection Corp has successfully complete series funding round and raised USD 110 million. The company has used funds to launch CancerSEEK, a liquid biopsy test to detect multiple cancers early. The funds will help the company to expand its product offerings and an increase improves its customer’s experience.
- In March 2019, QIAGEN had launched novel liquid biopsy solutions and NGS panels with seamlessly integrated bioinformatics which can support the various innovations and advances in cancer research. The launch will enable the company to focus on customer problems as well as expanding the company product portfolio.
Reasons to Purchase this Report
- Current and future of global liquid biopsy market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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