About Breast Cancer Liquid Biopsy
Breast cancer remains the leading cause of premature deaths worldwide. Treatment relies on profiling a piece of biopsied tumour tissue. However, the ease of acquiring biopsy depends on patient condition and tumour accessibility. Liquid biopsy has been recently proposed as a promising detection method in oncology that is not only less invasive but also contributes to the early diagnosis of breast cancer. Here, the clinical utility of liquid biopsy as a tool for the early detection of breast cancer. With the introduction of novel techniques, the application of liquid biopsy has been enhanced, enabling the improvement of various aspects of breast cancer management including early diagnosis and screening, prediction of prognosis, early detection of relapse, serial sampling and efficient longitudinal monitoring of disease progress and response to treatment
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Breast Cancer Liquid Biopsy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
QIAGEN N.V. (Netherlands), Roche Diagnostics (United States), Illumina, Inc. (United States), Bio-Rad Laboratories (United States), Myriad Genetics (United States), Menarini Silicon Biosystems (Italy), Cynvenio Biosystems, Inc. (United States), Genomic Health, Inc. (United States), Thermo Fisher Scientific Inc. (United States) and Fluxion Biosciences, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Biodesix, Inc. (United States), Guardant Health, Inc. (United States), Isogen Life Science B.V. (Netherlands) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Breast Cancer Liquid Biopsy market by Type (Circulating Tumor Cells (CTCs), Cell-Free DNA (CfDNA), Extracellular Vesicles (EVs) and Other Circulating Biomarkers) and Region.
On the basis of geography, the market of Breast Cancer Liquid Biopsy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sample Type, the sub-segment i.e. Blood will boost the Breast Cancer Liquid Biopsy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Breast Cancer Liquid Biopsy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Funding & Initiatives
Market Growth Drivers:
Rising implementation of liquid biopsy owing to its advantages over the conventional biopsy expected to boost the liquid biopsy market growth and The rising number of breast cancer cases across the globe
Challenges:
Lack of availability in emerging countries
Restraints:
High cost associated with the breast cancer liquid biopsy
Opportunities:
The rapidly growing demand for non-invasive cancer treatment and the growing prevalence of cancer are the major factors that drive the growth of the Breast Cancer Liquid Biopsy market. and Industry Investments and Initiatives
Market Leaders and their expansionary development strategies
In April 2023, Quest Diagnostics, the nation's leading provider of diagnostic information services, and Haystack Oncology, an early-stage oncology company focused on minimal residual disease (MRD) testing to aid in the early, accurate detection of residual or recurring cancer and better inform therapy decisions, today announced a definitive agreement for Quest to acquire Haystack in an all-cash equity transaction.
In June 2020 NeoGenomics launched Three Comprehensive Liquid Biopsy Tests Use in Patients With Cancer. The test is for advanced non–small cell lung cancer (NSCLC), all solid tumours, and certain breast cancer tumours, according to a press release.
Key Target Audience
Breast Cancer Liquid Biopsy Providers, Research institutes, Physicians and surgeons, Healthcare service providers and clinical research organizations and Market research and consulting firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.