Liquid biopsy is a simple and precise alternative to surgical biopsies, which allows physicians & surgeons to detect & treat cancer at an early stage and acquire tumor information through blood samples. These biopsies are particularly significant as they help the physician to understand the molecular changes and dynamics of cancer. Moreover, cancer recurrence is expected to be understood through well-timed liquid biopsies.
Surge in prevalence of cancer, advantages of liquid biopsy over solid tumor biopsy, rise in awareness about minimally invasive procedures, and favorable government initiatives supplement the market growth. However, alternatives to liquid biopsies and unclear reimbursement & regulation scenario impede the growth. Furthermore, increase in pre-screening programs for cancer detection provide lucrative opportunity for the market players.
The liquid biopsy market is segmented based on product & service, cancer type, circulating biomarker, end user, and geography. Based on product & service, it is divided into reagents, instruments, and services. On the basis cancer type, it is classified into lung cancer, breast cancer, colorectal cancer, prostate cancer, liver cancer, and other cancer. According to circulating biomarkers, it is categorized into circulating tumor cell, extracellular vesicle, circulating tumor DNA [ctDNA], and other biomarkers. On the basis of end user, it is classified into hospital & laboratory and government & research centers. Geographically, it is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
KEY PLAYERS PROFILED
F. Hoffmann-La Roche AG
Bio-Rad Laboratories Inc.
Janssen Diagnostics, LLC.
Guardant Health Inc.
MDX Health SA
KEY MARKET BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global liquid biopsy market and the current trends and future estimations to elucidate the imminent investment pockets.
The report presents quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the market based on cancer types assists to understand the trends in the industry.
Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Liquid Biopsy Market Key Segments:
By Product & Service
By Cancer Type
By Circulating Biomarker
Circulating Tumor Cells
Circulating Tumor DNA [CtDNA]
By End User
Hospitals & Laboratories
Government & Academic Research Centers
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players in the value chain include (profiles not included in the report)
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. TOP PLAYER POSITIONING, 2016
3.4. PORTERS FIVE FORCES ANALYSIS
3.6. MARKET DYNAMICS
22.214.171.124. Increase in demand for safe and non-invasive procedures
126.96.36.199. Surge in prevalence of cancer worldwide.
188.8.131.52. Advantages of liquid biopsy tests
184.108.40.206. Limitations associated with liquid biopsy testing
220.127.116.11. Lack of awareness in developing in underdeveloped regions
18.104.22.168. Rise in pre-screening programs for cancer detection using liquid biopsy
22.214.171.124. Untapped potential of emerging markets
CHAPTER 4 LIQUID BIOPSY MARKET, BY PRODUCT & SERVICE
4.1.1. Market size and forecast
4.2. KITS & REAGENTS
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.3. PLATFORMS & INSTRUMENTS
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast
CHAPTER 5 LIQUID BIOPSY MARKET, BY CIRCULATING BIOMARKER
5.1.1. Market size and forecast
5.2. CIRCULATING TUMOR CELL (CTC)
5.2.1. Market size and forecast
5.3. CIRCULATING TUMOR DNA (CTDNA)
5.3.1. Market size and forecast
5.4. EXTRACELLULAR VESICLES (EVS)
5.4.1. Market size and forecast
5.5. OTHER BIOMARKERS
5.5.1. Market size and forecast
CHAPTER 6 LIQUID BIOPSY MARKET, BY CANCER TYPE
6.1.1. Market Size and Forecast
6.2. LUNG CANCER
6.2.1. Market size and forecast
6.3. BREAST CANCER
6.3.1. Market size and forecast
6.4. COLORECTAL CANCER
6.4.1. Market size and forecast
6.5. PROSTATE CANCER
6.5.1. Market size and forecast
6.6. LIVER CANCER
6.6.1. Market size and forecast
6.7. OTHER CANCERS
6.7.1. Market size and forecast
CHAPTER 7 LIQUID BIOPSY MARKET, BY END USER
7.1.1. Market size and forecast
7.2. HOSPITAL AND LABORATORY
7.2.1. Market size and forecast
7.3. GOVERNMENT AND ACADEMIC RESEARCH CENTERS
7.3.1. Market size and forecast
CHAPTER 8 LIQUID BIOPSY MARKET, BY GEOGRAPHY
8.1.1. Market size and forecast
8.2. NORTH AMERICA
8.2.1. Key market trends
8.2.2. Key growth factors and opportunities
8.2.3. Market size and forecast
126.96.36.199. U.S. market size and forecast
188.8.131.52. Canada market size and forecast
184.108.40.206. Mexico market size and forecast
8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Market size and forecast
220.127.116.11. Germany market size and forecast
18.104.22.168. France market size and forecast
22.214.171.124. UK market size and forecast
126.96.36.199. Italy market size and forecast
188.8.131.52. Rest of Europe market size and forecast
8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Market size and forecast
184.108.40.206. Japan market size and forecast
220.127.116.11. China market size and forecast
18.104.22.168. Australia market size and forecast
22.214.171.124. India market size and forecast
126.96.36.199. South Korea market size and forecast
188.8.131.52. Taiwan market size and forecast
184.108.40.206. India market size and forecast
220.127.116.11. Rest of Asia-Pacific market size and forecast
8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. Market size and forecast
18.104.22.168. Brazil market size and forecast
22.214.171.124. Turkey market size and forecast
126.96.36.199. Saudi Arabia market size and forecast
188.8.131.52. South Africa market size and forecast
184.108.40.206. Rest of LAMEA market size and forecast
CHAPTER 9 COMPANY PROFILES
9.1. BIOCEPT, INC.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.2. QIAGEN N.V.
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.3. F. HOFFMANN-LA ROCHE AG
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.4. BIO-RAD LABORATORIES INC.
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.5. MYRIAD GENETICS
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.6. JANSSEN DIAGNOSTICS, LLC.
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.7. TROVAGENE INC.
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance
9.8. GUARDIANT HEALTH, INC.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.10. MDX HEALTH SA
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
Liquid biopsy tests prove to be an easy and non-invasive method to access to molecular information about the tumor genome. Moreover, these tests facilitate early detection of cancer recurrence and characterization of tumor dymics. Safety and efficiency of cancer treatment is improved by the use of these tests, owing to their ability to characterize new lesions, implement apt therapeutic targets, and predict the treatment outcome.
The advantages of implementing liquid biopsy over conventiol methods of solid tissue biopsy are expected to boost the growth of the market. The advantages of liquid biopsies, such as minimally invasiveness and metastatic relapse evaluation, are expected to increase the demand for these tests. Furthermore, the increase in disposable income among cancer patients, surge in prevalence of cancer cases, and patient preference for minimally invasive therapies are anticipated to fuel the market growth. Rise in healthcare expenditure in the developing countries, such as India and Chi, and use of liquid biopsy tests to treat rare cancers are expected to present multiple opportunities for market growth. However, this growth is restricted, owing to altertives to liquid biopsies and unclear reimbursement & regulation scerio.
Reagent was the highest revenue contributor in 2016, and is anticipated to continue this trend in the future. The requirement of reagents to execute liquid biopsy tests and their applicability are expected to boost the growth of this segment.
Lung cancer domites the cancer by type segment of liquid biopsy market. The U.S. Food and Drug Administration (FDA) has also approved a liquid biopsy companion diagnostic test called cobas EGFR mutation test v2 to identify patients with metastatic non-small cell lung cancer (NSCLC) In addition, the growth in prevalence of lung cancer has contributed to provide lucrative opportunities in the market.
In 2016, North America accounted for highest contribution to the total revenue generated, owing to the high prevalence rate of cancer and high adoption rate of novel liquid biopsy tests. However, Asia-Pacific is expected to witness the highest CAGR during the alysis period, attributable to rise in disposable income, increase in government initiatives to modernize healthcare infrastructure, and rise in healthcare expenditure.
Key findings of the Liquid Biopsy Market:
The government & academic research center segment is projected to grow at the highest rate during the alysis period.
Hospital & laboratory segment was the highest revenue-generating segment, and is expected to continue its domince in future.
North America domited global liquid biopsy market, and is projected to grow at a CAGR of 28.1%.
Chi is expected to grow at the highest CAGR of 34.1% in Asia-Pacific region.
The instruments segment is anticipated to grow at the highest CAGR of 29.8% during the forecast period.
The key companies profiled in the report include Biocept, Inc., Qiagen, F. Hoffmann-La Roche AG , Bio-Rad Laboratories Inc., Myriad Genetics , Janssen Diagnostics, LLC., Trovagene Inc., Guardant Health Inc., GRAIL, and MDX Health SA.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
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- Regional government and statistical databases for macro analysis
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