Industry Background:
A liquid biopsy is used to help find cancer at early stage, using sample of blood of tumor circulating within blood or pieces of DNA of the tumor. It is non-invasive alternative to surgical biopsy. Rapid advancement in the liquid biopsy for enhancing the safety of cancer patients and for providing ease to the doctors during critical operations is expected to boost the growth opportunities for manufacturers of the liquid biopsy.According to AMA, the market for Liquid Biopsy is expected to register a CAGR of 17.4% during the forecast period to 2026. This growth is primarily driven by Surging incidences of lung cancer, gastrointestinal cancer, and breast cancer and Increasing inclination of physician and oncologists to opt for diagnostic with non-invasive procedures.
Globally, a noticeable market trend is evident Favorable government initiatives, and presence of huge cancer population base
. Major Players, such as Biocept Inc. (United States), Qiagen N.V. (Netherlands), Roche Diagnostics (Switzerland), Bio-Rad Laboratories Inc. (United States), Myriad Genetics Inc (United States), Menarini-Silicon Biosystems (Italy), Trovagene Inc. (United States), Guardant Health Inc. (United States), Mdxhealth SA (Belgium) and Genomic Health Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In December 2018, Biocept Inc. a leading commercial provider of liquid biopsy tests designed to provide physicians with clinically actionable information to improve the outcomes of patients diagnosed with cancer, has entered into a Software License and Laboratory Data Supply Agreement with Prognos, Inc. an innovator in predicting disease by applying artificial intelligence (AI) to clinical laboratory diagnostics.
Market Drivers
- Surging incidences of lung cancer, gastrointestinal cancer, and breast cancer
- Increasing inclination of physician and oncologists to opt for diagnostic with non-invasive procedures
Market Trend
- Favorable government initiatives, and presence of huge cancer population base
- Rapid technological advancement in the liquid biopsy
Restraints
- Higher cost associated with liquid biopsy compared to conventional techniques
Opportunities
The rising incidence of metastatic cancer across the globe
Challenges
Lack of awareness about liquid biopsy in underdeveloped nations
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Liquid Biopsy Study Sheds Light on
— The Liquid Biopsy Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Liquid Biopsy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Liquid Biopsy industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.