What is Cancer Biopsy?
A cancer biopsy is a procedure that involves removing a piece of tissue or a sample of cells from the body to be tested in a laboratory. A cancer biopsy may be performed if you are experiencing certain signs and symptoms or if your doctor has identified an area of concern. A biopsy can tell you if you have cancer or another condition. Imaging tests, such as CT scans or MRIs, can help detect masses or irregular tissue, but they can't tell the difference between cancerous and non-cancerous cells. The only way to diagnose most cancers is to perform a biopsy to collect cells for further examination.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Qiagen N.V. (Germany), Illumina, Inc. (United States), ANGLE Plc (United Kingdom), BD (United States), Myriad Genetics (United States), Hologic, Inc. (United States), Biocept, Inc. (United States), Thermo Fisher Scientific, Inc. (United States), Danaher (United States) and Roche Holding AG (Switzerland) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Incisional Biopsy, Excisional Biopsy and Needle Biopsy) , by application (Breast Cancer, Colorectal Cancer, Cervical Cancers, Lung Cancers, Prostate Cancers and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cancer Biopsy market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Cancer Biopsy market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Qiagen N.V. (Germany), Illumina, Inc. (United States), ANGLE Plc (United Kingdom), BD (United States), Myriad Genetics (United States), Hologic, Inc. (United States), Biocept, Inc. (United States), Thermo Fisher Scientific, Inc. (United States), Danaher (United States) and Roche Holding AG (Switzerland).
Market Overview:
On 18th August 2021, Illumina, Inc. announced the acquisition of GRAIL, a healthcare company focused on life-saving early detection of multiple cancers but will keep GRAIL separate while the European Commission conducts its ongoing regulatory review. The global leader in DNA sequencing, Illumina, first announced its intention to acquire GRAIL, reuniting Illumina with GRAIL after it was spun off. The Galleri blood test from GRAIL detects 50 different cancers before they cause symptoms. The acquisition of GRAIL by Illumina will accelerate global access and adoption of this life-saving test.
Clinical Genomics has extensive experience in the detection and management of colorectal cancer (CRC) patients using liquid biopsy. A circulating tumor DNA (ctDNA) assay has been developed by a CLIA-certified and CAPaccredited laboratory in Bridgewater, NJ for the management of patients previously diagnosed with CRC. This assay is a laboratory-developed test (LDT) that is subject to federal and state laws and regulations. Furthermore, we have developed a ctDNA screening test for CRC and are working with the FDA to obtain Premarket Approval for use of this test in the US market. Both assays detect abnormal methylation in several genes that are hypermethylated in CRC tissue and detectable in plasma as ctDNA.
Enterprises led by market juggernauts frequently update their product portfolios with innovative and application-specific products to maintain current market competition. Furthermore, a detailed competitive benchmarking of the players operating in the global liquid biopsy market has been performed to assist the reader in understanding how players stack up against one another, presenting a clear market landscape. Furthermore, comprehensive competitive strategies such as partnerships, agreements, and collaborations will help the reader understand the market's untapped revenue pockets.
Cancer Biopsy Market Dynamics:
Attributes | Details |
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Growth Drivers | - Improving Healthcare Infrastructure
- Increasing Healthcare Spending
- Increasing Number of Chronic Medical Sicknesses
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Major Trends | - Needle-based Cancer Biopsy Instruments are in high demand due to their ability to collect samples from the soft tissues of internal organs such as the breasts, kidneys, and lungs
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Restraints | - High Cost of Cancer Biopsy
- Lack of Awareness of Cancer Biopsy among Certain Set of Population
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Road Blocks / Challenges | - Presence of Competitors
- Lack of Skilled Professionals
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Gaps & Opportunities | - Untapped Market of Developing Countries
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Key highlights of the Global Cancer Biopsy market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Cancer Biopsy market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Cancer Biopsy market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Cancer Biopsy Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cancer Biopsy market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Cancer Biopsy market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Cancer Biopsy Providers, Research institutes, Physicians and surgeons, Healthcare service providers and clinical research organizations, Market research and consulting firms, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.