New York, NY, May 14, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Liquid Biopsy Market by Target Analyte (Circulating Tumor Cells (Ctcs), Circulating Tumor DNA (CtDNA), Exosomes, Nucleosomes, and Other Biomarkers), by Analytical (Molecular, Proteomic, and Histology/Imaging), by Application (Routine Screening, Patient Work-Up, Early-Stage Disease, and Late-Stage/Metastatic Disease), by Cancer Type (Breast Cancer, Prostate Cancer, Colorectal Cancer, Lung Cancer, Brain Cancer, and Others), by Sample (Blood, Urine, and Others), and by End-User (Hospitals, Research Laboratories, Academia, and Research Centers): Global Industry Perspective Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, global liquid biopsy market was valued at around USD 1,244 million in 2018 and is expected to generate approximately USD 12,062 million by 2025, at a CAGR of slightly above 38.3% between 2019 and 2025.
A biopsy is a tissue or cell sample taken from any part of the human body, which is sent to the lab for examining various disease types. A liquid biopsy is an advanced form of treatment procedure for cancer, wherein bodily fluids like blood or urine are collected for disease detection. A liquid biopsy helps in planning treatment regime along with finding out effective treatment options for the patients. The global liquid biopsy market growth can be attributed to the increasing incidences of cancer, growing demand for minimally invasive surgeries and personalized medicine, and rising healthcare expenditure.
Browse through 105 Tables & 48 Figures spread over 130 Pages and in-depth TOC on “Global Liquid Biopsy Market: Size, Share, Industry Growth, Segments, Applications, Analysis and Forecast, 2018–2025”.
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The global liquid biopsy market is fragmented on the basis of target analyte, analytical, cancer type, sample, and end-user. The target analyte segment includes circulating tumor cells, circulating tumor DNA, exosomes, nucleosomes, and other biomarkers. The analytical segment includes molecular, proteomic, and histology/imaging. The molecular analytic segment holds the largest market share due to the increasing number of liquid biopsy on cancer patients. By cancer type, the market includes breast cancer, lung cancer, prostate cancer, colorectal cancer, brain cancer, and others. Colorectal and prostate cancers held the largest market shares in 2018 due to the high incidences among the Asia Pacific population. The sample segment includes urine, blood, and others. The blood segment holds the largest share as it is the commonly used sample extract by most of the doctors and specialist physicians for oncology examination. The end-user segment includes hospital, research laboratories, academia, and research centers.
North America and Europe are considered to be the foremost regions for liquid biopsy market in terms of revenue, due to the increasing R&D expenditure, clarity in the regulatory process, growing demand for minimally invasive surgeries, and high expenditure related to healthcare. North America dominated the global liquid biopsy market with around 40% market share in 2018. In 2017, over 1.7 million new cases of cancer were detected in North America alone, according to the America Cancer Society (ACS). In Europe, Germany, UK, and France are among the leading revenue markets for liquid biopsy in the future, owing to sound healthcare systems and rising cancer cases.
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The liquid biopsy market in the Asia Pacific region is estimated to show the highest CAGR over the forecast time period, owing to the rising cancer incidences, growing aging population, increasing privatization and deregulation within the healthcare sector, and provisional financing of health services across the region. Japan, Singapore, Australia, and the Republic of Korea remain key regional investors for liquid biopsy. Additionally, the global market will witness significant demand from developing economies like India and China. Indonesia, Bangladesh, Vietnam, and Thailand are the long-term investment destinations for this global regional market.
Latin America is likely to witness significant growth liquid biopsy market in the upcoming years, owing to the increasing number of chronic diseases, aging population, and government initiatives to spread awareness programs on disease and infections among the population. Through ALADDiV, Latin American countries are looking forward to spearheading research within in-vitro diagnostics products. Brazil, Argentina, Chile, and Peru are the key countries for the Latin American liquid biopsy market.
Browse the full “Liquid Biopsy Market by Target Analyte (Circulating Tumor Cells (Ctcs), Circulating Tumor DNA (CtDNA), Exosomes, Nucleosomes, and Other Biomarkers), by Analytical (Molecular, Proteomic, and Histology/Imaging), by Application (Routine Screening, Patient Work-Up, Early-Stage Disease, and Late-Stage/Metastatic Disease), by Cancer Type (Breast Cancer, Prostate Cancer, Colorectal Cancer, Lung Cancer, Brain Cancer, and Others), by Sample (Blood, Urine, and Others), and by End-User (Hospitals, Research Laboratories, Academia, and Research Centers): Global Industry Perspective Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/global-liquid-biopsy-market
The Middle Eastern and African region held over 2% of the global healthcare expenditure, according to World Bank in 2018. The healthcare expenditure, particularly in GCC countries, is likely to reach around USD 71.3 billion by 2020 from USD 40.3 billion in 2015. The rising healthcare costs and GCC countries’ long-term plan to expand their healthcare systems are likely to support the region’s liquid biopsy market over the forecast time period.
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Some major players in the global liquid biopsy market include Biocept, Cynvenio, NeoGenomics Laboratories, Qiagen, Trovagene, RainDance Technologies, Guardant Health, Exosome Diagnostics, SAGA Diagnostics AB, Circulogene Theranostics, Inivata, Agena Bioscience, Admeria Health Personal Genome Diagnostics, and Adaptive Biotechnologies.
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This report segments the global liquid biopsy market into:
Global Liquid Biopsy Market: Target Analyte Analysis
- Circulating Tumor Cells
- Circulating Tumor DNA
- Exosomes
- Nucleosomes
- Other Biomarkers
Global Liquid Biopsy Market: Analytical Analysis
- Molecular
- Proteomic
- Histology/Imaging
Global Liquid Biopsy Market: Application Analysis
- Routine Screening
- Patient Work Up
- Early-Stage Disease
- Late Stage/Metastatic Disease
Global Liquid Biopsy Market: Sample Analysis
- Blood
- Urine
- Others
Global Liquid Biopsy Market: Cancer Type Analysis
- Breast Cancer
- Lung Cancer
- Colorectal Cancer
- Brain Cancer
- Prostate Cancer
- Others
Global Liquid Biopsy Market: End-User Analysis
- Hospitals
- Research Laboratories
- Academia
- Research Centers
Global Liquid Biopsy Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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