Liquid Biopsy Market -Overview
The reduction of patients’ apprehension in the procedure’s duration is estimated to favor the liquid biopsy market share. The market’s report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The liquid biopsy market is projected to register 28.0% CAGR and is foreseen to reach USD 17,372.28 million by 2022.
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Its effectiveness as a diagnostic and monitoring tool for diseases is estimated to further propel the development of the liquid biopsy market in the impending period. Moreover, the mounting sensitivity of detecting methods and assays is estimated to promote the liquid biopsy market share in the duration of the forecast period.
Liquid Biopsy Market Segmental Analysis
The segmental analysis of the liquid biopsy market is conducted on the basis of biomarker types, applications, sample, end user, and region. The application segment of the liquid biopsy market consists of reproductive health and cancer. The sample segment of the liquid biopsy market consists of urine samples, blood samples, forensic, and other samples. The biomarker types segment of the liquid biopsy market consists of circulating tumor DNA (CTDNA), circulating tumor cells (CTCS), and extracellular vesicles (EVS). The end user segment of the liquid biopsy market consists of academic and research centers and hospitals & laboratories. The region segment of the liquid biopsy market consists of Asia-Pacific, North America, Europe, and Middle East & Africa.
Liquid Biopsy Market Regional Overview
The regional appraisal of the liquid biopsy market includes Asia-Pacific, North America, Europe, and Middle East & Africa. The highest market share belongs to North America, while Asia-Pacific is the fastest-growing region. The technology of liquid biopsy was developed in the United States and numerous European countries, as evidenced by their respective market share supremacy. The European market is expected to expand at the fastest rate. The amount of venture funding accessible to life sciences startups has increased by more than a factor of two. The United Kingdom accounted for over 20% of all investments in Europe, and the healthcare industry received nearly 20% of U.K. venture capital. The fastest-growing market in Asia-Pacific, which is predicted to increase during the forecasted period. The Middle East and Africa are likely to have a small but stable market.
Liquid Biopsy Market Competitive Analysis
Individual contributions from market stakeholders are expected to shape the industry’s development trajectory in the coming years. The global market is projected to grow due to the diversification theme, with competitors attempting to lessen the risk of instability that currently exists in the sector. The success of market tactics is thought to be closely monitored to nudge customer attitudes in the proper direction and lead to purchasing various items and services. On a day-to-day basis, the reestablishment of undertakings is expected to take a certain amount of time, which will show the progression of the delivery oversupplies. The monetary assistance granted by governments and trade federations is expected to compensate for the current situation in the future. The challenges that organizations face in the global market regarding their most valuable assets are being met more successfully. The market’s prerequisite for long-term viability is expected to be generated by the renewal of open cash movements. The emphasis on innovation is expected to increase in the next years, as consumer requirements must be better handled to secure the global market’s recovery.
The vital contenders in the liquid biopsy market are Admera Health (U.S.), RainDance Technologies, Inc. (U.S.), Inivata Ltd (U.K.), SAGA Diagnostics AB (Sweden), Agena Bioscience Inc. (California), Biocept, Inc. KGaA (U.S.), Guardant Health, Inc. (U.S.), Trovagene, Inc. (California), Circulogene Theranostics (Alabama), and Exosome Diagnostics (Massachusetts).
Apr 2021 Following a request from six countries, E.U. antitrust officials will look into Illumina Inc’s proposed $7.1 billion acquisition of cancer test producer Grail Inc, the European Commission announced recently. Last September, Illumina, a U.S. life sciences company, said that it will buy out investors, including Amazon.com Inc founder Jeff Bezos, to acquire Grail, which it previously controlled before spinning off as a separate business four years ago. Illumina has continued to be the largest shareholder in the company. Despite the fact that the deal does not meet the turnover criteria that would necessitate E.U. permission, France has requested the E.U. competition enforcer to review it under new rules unveiled last month that target biotech and tech startup deals
Table Of Content
1 Report Prologue
2.1 Scope Of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
4.2.1 Comparatively Painless And Non-Invasive Technique
4.2.2 Early Real Time High Precision Detection Of Diseases
4.2.3 Useful For Designing Effective Treatment Strategies Based On The Real Time Molecular Assessment For The Progression Of The Disease
4.2.4 Rise In Cases Of Cancer And Other Diseases
4.2.5 Lifestyle Changes And Environmental Factors
4.2.6 Other Advantages Over Other Techniques
4.2.7 The Recent Technological Advancements Has Increased The Appeal Of Liquid Biopsy
4.2.8 Transferability Of Liquid Biopsy
4.2.9 Rising Investment In Research And Developments And Collaborations Between Companies And Public Organizations
4.2.10 Greater Focus On Venture Capital
4.2.11 Demographical Factors
4.3.1 Prohibitive Costs Associated With Liquid Biopsy
4.3.2 Lower Sensitivity For Certain Biomarkers
4.3.3 Not All Cancers Patients Benefit From Early Detection
4.3.4 Liquid Biopsy Is Not All Non-Invasive
4.3.5 Differential Awareness And Availability Between Developing And Developed World
4.3.6 Issues In Venture Capital, Startups, And Collaborations
4.4.1 Growing Collaboration Between Companies Has Become The Entrance Gateway For New Firms
4.4.2 Funding From Public Organizations Is A Good Strategy To Reduce Developments Costs
4.4.3 Rise In Research And Developments Investment
4.4.4 Developing Economies Provide An Unserved Market For Liquid Biopsy
4.4.5 Growing Trend Of Start-Ups And Venture Investment In The Field Of Liquid Biopsy
4.5.1 Information And Interest Gap Between The Investors And The Developers
4.5.2 Lack Of Trained Professionals In Developing Regions
4.5.3 Lack Of Standardization And Transparency
5 Market Factor Analysis
5.1 Porter’s Five Force Analysis
5.1.1 Bargaining Power Of Buyer
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