Exclusive Overview by MarketResearchFuture.com of Global Liquid Biopsy Market Research Report 2018 to 2022, with respect to region specific market growth and competitive analysis on the basis of major players present in the market. Detail analysis on possible segments and sub segments of the market. Provide country level analysis of the market with respect to the current market size and future prospective.
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Market Scenario:
A liquid biopsy is a diagnostic application occurring from the advances in human genome sequencing and molecular biomarkers. Liquid biopsy provides a non-invasive test using liquid samples such as blood, urine, etc. for the detection of diseases such as cancer, cardiovascular, and other ailments. The global liquid biopsy market is anticipated to generate USD 1.7 billion by 2022, and growing by a rocking CAGR of 28%.
Market News and Trends:
Spectacular revenue growths attracting startup funding
The liquid biopsy industry has generated spectacular results culminating in large startup funding. For example, Exact Sciences generated an approximate 150 % increase over its 2015 revenues, on account of excellent performance and faster market uptake of its colorectal cancer test Cologuard. GRAIL diagnostics raised approximate USD 900 million in a series of financing rounds which is estimated to double in the next stage of rounds.
Business models are as important as the test itself!
Lend and lease business model is expected to deliver faster market adoption. The high cost of installation and maintenance of liquid biopsy is a deterrent especially for smaller hospitals which do not possess the buying power says Mr. Suhail Noolkar, researcher at Market Research Future. He further estimated lend and lease agreements would benefit both the players and clients, as it will relieve clients of paying a large upfront sum, which it allows the companies a steady revenue and beat competition from other players.
Vascular diseases such as lung cancer, cardiovascular diseases are expected to result in impressive growth.
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Dominant Players:
The prominent players in the global liquid biopsy market are Guardant Health, Inc., Agena Bioscience Inc., Trovagene Inc., Circulogene Theranostics, Admera Health, RainDance Technologies, Biocept, Inc., Exosome Diagnostics and others.
Segments:
To give an accurate assessment of the differential potential of the market the report is divided into segments such as biomarker type, application, end users and regions.
Biomarker type – circulating tumor cells (CtCs), extracellular vehicles (EVS), circulating tumor DNA (CtDNA), and other biomarker.
Application – reproductive health, cancer therapeutic application, and other therapeutic application. Sample – blood, urine and others.
End Users – hospitals and laboratories, academic and research centers and others.
Market Dynamics:
Drivers:
The clinical drivers of the market include painless and non-invasive technique, early high precision detection of diseases. Tissue biopsy has drawbacks such as low detection rate, is expensive and needs approximately 30 days compared to 12 days for liquid biopsy. Tissue biopsies cost around $15,000 to $60,000 U.S. dollars, which may increase due to high failure rate of approximately 25%. However liquid biopsy tests are available for less than 6000 USD. For instance Pathway Genomics and Guardant360 offered liquid biopsy test for cancer at $299 and $5,800 respectively. Further real time molecular assessment afforded by liquid biopsy allows designing treatment strategies based on the disease progression.
The critical demographic driver of the market is the rise in incidence of cancer and other diseases coupled with growing risk factors such as tobacco use, infections such as hepatitis, human papillomavirus (HPV) etc., exposure to ionizing radiation and others. The World Cancer Report, of World Health Organization predicts 50% rise in cancer rates by 2020 which represents 15 million new cases. Cardio vascular diseases account for an estimated 17.5 million people in 2012, representing one third of all global deaths.
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