Liquid Biopsy Market Recent Trends, Future Growth, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027
Increasing cancer prevalence globally will boost the growth of the global market for liquid biopsy over the coming years. Market Size – USD 1.28 Billion in 2019, Market Growth - CAGR of 13.6%, Market Trends–High demand from developing nations.
The global liquid biopsy market size was valued at USD 1.28 billion in 2019 and is forecasted to reach USD 3.55 billion by 2027 at a CAGR of 13.6%. With a large number of ongoing trials witnessing positive outcomes, the Market is positioned over the forecast period to walk along a healthy growth track. Classification of metastatic breast cancers for monitoring and therapy is expected to be the most popular application of liquid biopsy for years to come.
Key Highlights From The Report
Based on sample type, other bio fluids generated a revenue of USD 0.17 billion in 2019 and is projected to rise with a CAGR of 11.8% in the forecast period, as saliva and plasma sample provides advantages such as quick assessment of patient health status for accurate cancer diagnosis.
The multi-gene-parallel analysis is expected to grow with a CAGR of 13.8% in the forecasted period, as it helps oncologists to steer patients through the detection of genetic aberrations through targeted therapy, which can be described as a significant step towards systematic cancer genome research.
The therapy selection for metastatic breast cancer application is the major contributor to the Liquid Biopsy Market. The therapy selection for metastatic breast cancer application of the North America region is the major shareholder of the market and held around 41.9% of the market in the year 2019.
North America dominated the market for Liquid Biopsy in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The North America region held approximately 51.2% of the market, followed by Europe, which contains around 25.0% market in the year 2019.
- RainDance Technologies
- Personal Genome Diagnostics
- Adaptive Biotechnologies
- NeoGenomics Laboratories
- Guardant Health
- Hoffmann-La Roche Ltd.
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