Global Liquid Biopsy Industry: Opportunities in 2021
The global liquid biopsy market size is slated to reach USD 3,362.6 million by 2026 at a CAGR of 21.9% according to a news report published by Polaris Market Research. The report Liquid Biopsy Market Share, Size, Trends, & Industry Analysis Report, [By Technology (PCR Microarrays, NGS); By Sample Type (Blood, Urine, Saliva, Other Body Fluid); By Biomarker (Exosomes, CTC, ctDNA); By Application; By Region] Segment Forecast, 2019-2026 provides a comprehensive analysis of present market insights and forecasted future trends.
Liquid Biopsy is a conventional method used to diagnose onset of cancer. The alternative names for liquid biopsy are fluid biopsy or fluid phase biopsy. This is largely a non-invasive method used to track tumors and mutations over a period of time. Doctors are informed about the disease with the help of these observations of the tumor’s future. Though being simple and instrumental in early stage detection of cancer, it voices concerns over its adoption. Liquid Biopsy products market has a shortcoming which is it is largely overshadowed by tissue biopsy with the latter being adopted exceptionally.
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Drivers to the market potential are the increasing number of patients being diagnosed with various types of cancer. The free trials accompanying surgery motivates growth. Minimal invasive surgery method unique to liquid biopsy market cap, invokes huge demand impacting market growth over forthcoming years.
A significant driver to growth of liquid biopsy is the reduced number of surgical invasions. This encouraging sign makes it one of the most adopted substitutes for tissue biopsy. An increasing trend followed by key players to shift focus onto research and development activities aiding strategic M&A improves market strength dramatically.
Considering the basis of technology, single gene analysis and multi-gene-parallel analysis (NGS) dominate the liquid biopsy cancer market size. NGS denotes diagnosis of multiple diseases at one instance. PCR is an approach to analyzing mutation among genes.
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Yet another class of distinction in liquid biopsy market 2018 is based on sample type. The sample is segmented on basis of blood, saliva, urine and other body fluid. Blood sample is the best sample type for customary analyses as blood contains cell free DNA, circulating cell and exosomes that offer them for easy detection leading to detection of cancerous cells in human body.
Based on biomarker type, the global market outlook to 2026 is segmented into exosomes, circulating tumor cells (CTC) and circulating tumor DNA (ctDNA). CTC biomarkers govern largest market share owing to high awareness levels and accurate tracking results of cancerous cells in the body. CTC marker makes early forays in the initial stages of detection of cancer itself.
North America is holding coveted position as per geography in market cap during forecast period. Increased facilitators for diagnosis of cancer and rising number of patients suffering from cancer are factors promoting growth of market. Asia Pacific is exhibited to grow at a faster rate during forecast period.
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