Renub Research has released a report titled "Global Liquid Biopsy Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report looks at the global liquid biopsy market's competition, geographic distribution, and growth potential.
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Global Liquid Biopsy Market is predicted to rise at a compound annual growth rate of 15.29% from 2024 to 2030
The substantial increase of the worldwide liquid biopsy market is propelled through numerous pivotal elements, collectively highlighting its revolutionary impact on healthcare. Primary among those is the increasing need for non-invasive diagnostic devices, which has spurred the sizeable adoption of liquid biopsy technology. Conventional tissue biopsies, marked by invasiveness, regularly pose demanding situations in obtaining adequate and prompt samples. In comparison, liquid biopsies provide:
- A minimally invasive alternative.
- Allowing the examination of circulating biomarkers along with cell-free DNA.
- RNA.
- Proteins in bodily fluids like blood or urine.
This non-invasive function notably improves patient comfort, adherence, and accessibility to diagnostic tactics
Further, liquid biopsies play a crucial function in cancer diagnostics, explicitly considering the escalating worldwide occurrence of cancer, surpassing 19.3 million new cases diagnosed. Liquid biopsies can detect genetic alterations and mutations, making them useful for early cancer detection, treatment response tracking, and identification of resistance mechanisms. The increasing prominence of precision remedy and customized therapy procedures, in addition, accentuates the relevance of liquid biopsy, allowing for tailored healing procedures aligned with individual patients' particular genetic profiles. This convergence underscores the pivotal role of liquid biopsy in shaping more effective and customized techniques for cancer control. Hence, the global liquid biopsy market is expected to reach $10.08 billion by 2030.
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Moreover, the global liquid biopsy market is growing due to technological improvements and research, marked by continuous innovations in sequencing technology and biomarker identification across sickness areas like oncology, reproductive health, and infectious diseases. Supportive regulatory environments internationally foster the development and commercialization of liquid biopsy technology. North America experiences market growth due to solid research funding, early adoption, favorable regulations, and a considerable patient population. Regulatory agencies like the European Medicines Agency and the U.S. Food and Drug Administration have acknowledged liquid biopsy's ability and streamlined approval processes, thus contributing to market growth.
The global liquid biopsy market is exponentially increasing because of the increasing demand for non-invasive diagnostic tools
Platforms and instruments are vital components driving this surge, as they allow the detection of genetic alterations and biomarkers in bodily fluids. These technologies provide a minimally invasive opportunity to standard tissue biopsies, presenting real-time insights into cancer and other diseases. The upward push of precision medicines and personalized treatment tactics similarly propels the adoption of liquid biopsy platforms, fostering quicker and more accurate diagnoses. As research advances, the integration of modern instruments continues to expand, establishing liquid biopsy as a transformative force in contemporary healthcare.
Product – Global Liquid Biopsy Market breakup from 3 viewpoints:
- Kits Reagents
- Platforms Instruments
- Services
Reproductive health commands a significant share of the international liquid biopsy market.
The rise of the reproductive health application can be attributed to the essential function it performs in the early detection and monitoring of pregnancy-related headaches, fetal abnormalities, and reproductive cancers. Liquid biopsies offer non-invasive techniques to analyze cell-free DNA and RNA in maternal blood, providing precious insights into fetal genetic health. Moreover, these checks aid in assessing the risk of reproductive cancers, including breast and ovarian cancer, taking into consideration proactive intervention. Preventive healthcare and liquid biopsy in reproductive health are driving the market.
Application – Global Liquid Biopsy Market breakup from 3 viewpoints:
- Cancer Therapeutic Application (Lung, Breast, Colorectal, Prostate, Liver, and Other Cancers)
- Reproductive Health
- Other Therapeutic
Cell-free DNA is a propelling force inside the international liquid biopsy market because of its non-invasive nature and diagnostic potential.
Released into the bloodstream from cells, it consists of genetic information, making it a precious biomarker for detecting and tracking various situations, including cancer. The upward thrust of precision medicine and personalized treatment techniques emphasizes the significance of early and accurate diagnostics, in addition to fuelling the adoption of cell-free DNA-based liquid biopsy strategies throughout diverse medical applications, contributing to the market's sustained increase.
Circulating Biomarkers – Global Liquid Biopsy Market breakup from 5 viewpoints:
- Circulating Tumour Cell
- Circulating Tumour DNA
- Cell-free DNA (cfDNA)
- Extracellular Vesicles
- Other Biomarkers
Point-of-care testing is surging in the global liquid biopsy market due to its immediate outcomes and accessibility.
This on-the-spot diagnostic technique permits healthcare specialists to analyze liquid biopsy samples rapidly, providing real-time data vital for rapid decision-making in patient care. The convenience and decreased turnaround time enhance the efficiency of remedy strategies, especially in faraway or aid-constrained settings. As the demand for brief, decentralized testing solutions rises, point-of-care liquid biopsy gains prominence, contributing to the market's expansion and addressing pressing healthcare challenges.
End-User – Global Liquid Biopsy Market Breakup from 5 viewpoints:
- Hospitals
- Diagnostic Laboratories
- Point-of-care Testing
- Academic Institutes
- Others
The United States holds a dominant position in the liquid biopsy market.
The U.S. boasts a sturdy healthcare device with tremendous RD investments, fostering innovation in liquid biopsy technology through top-tier institutions. Recognizing the capacity of liquid biopsy, U.S. healthcare carriers are early adopters, developing clinical expertise. The FDA's supportive regulatory environment fastens innovation, and active venture capital involvement bolsters development. With a significant patient population, sturdy intellectual property safety, and a focal point on precision remedy, the U.S. advances liquid biopsy technology, developing a dynamic atmosphere that propels research, development, and adoption in cancer prognosis and treatment.
Country – Global Liquid Biopsy Market Breakup from 18 viewpoints:
- United States
- Canada
- Mexico
- Brazil
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
- China
- Japan
- India
- South Korea
- Australia
- South Africa
- United Arab Emirates
- Rest of the World
Competitive Landscape.
Several well-known companies in the global liquid biopsy market include F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Thermo Fisher Scientific Inc., Johnson Johnson, Biocept Inc., Guardant Health, Illumina, Inc., Laboratory Corporation of America Holdings, QIAGEN N.V., and Exact Sciences Corporation.
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All companies have been covered from 3 viewpoints:
- Overview
- Recent Developments
- Revenue
Company Analysis:
- F. Hoffmann-La Roche Ltd.
- Bio-Rad Laboratories
- Thermo Fisher Scientific Inc.
- Johnson Johnson
- Biocept Inc.
- Guardant Health
- Illumina, Inc.
- Laboratory Corporation of America Holdings
- QIAGEN N.V.
- Exact Sciences Corporation
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