Dublin, May 26, 2021 (GLOBE NEWSWIRE) -- The "Global Liquid Biopsy Market by Clinical Application, Therapeutic Application, Biomarker Type, Analysis Platform, Analysis Purpose, Product, Industry Verticals, and Geography - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global market for liquid biopsy is evaluated to register tremendous growth at a CAGR of 18.54% during the considered phase of 2021-2028.
With age, the body's immune system tends to deteriorate. Thus, people above 60 years are susceptible to chronic diseases, such as cancer. Over the year, there has been a significant rise in the number of aged people suffering from breast and colorectal cancer. Hence, the high prevalence of cancer among the geriatric population increases the need for liquid biopsy, thereby driving the liquid biopsy market's development.
Furthermore, the technological advancements and rising demand for diagnostics centers are opening new avenues for the studied market. However, the dearth of skilled professionals, coupled with the high cost of liquid biopsy tests, hinders the overall market's growth.
Regional Outlook
The global liquid biopsy market covers the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.
The Asia-Pacific is estimated to become the fastest evolving region in the liquid biopsy market over the projected phase 2021-2028. The region provides several lucrative opportunities to the studied market to attain the anticipated growth during the given period. Additionally, the high population base in countries such as India and China is estimated to boost the demand for liquid biopsy in the upcoming years. Other than this, the surge in healthcare spending, along with the rise in awareness regarding the use of liquid biopsy, is motivating the expansion of the liquid biopsy market within the APAC region.
Competitive Outlook
The renowned companies thriving in the liquid biopsy market are Menarini-Silicon Biosystems, Qiagen NV, Biocept Inc, Illumina Inc, Myriad Genetics Inc, Bio-Rad Laboratories Inc, Guardant Health Inc, Foundation Medicine, Personal Genome Diagnostics, Agilent Technologies Inc, Thermo Fisher Scientific Inc, Adaptive Biotechnologies, MDxHealth SA, Grail, Becton Dickinson and Company (BD), Angle Plc, F Hoffmann-La Roche, and Natera.
Agilent Technologies Inc provides instruments, software, services, and consumable solutions to analyze, detect, and quantify the biological and physical properties of substances and products. The company offers its products and services to several sectors, including chemical, environmental, forensics, clinical, and diagnostics. Founded in 1999, it markets its products via direct sales, resellers, distributors, and representatives. Agilent has manufacturing facilities, along with R&D centers globally, with headquarters located in California, the United States.
Key Topics Covered:
1. Global Liquid Biopsy Market - Summary
2. Industry Outlook2.1. Impact of COVID-19 on Liquid Biopsy Market2.2. Key Insights2.3. Porter's Five Forces Model2.3.1. Threat of New Entrants2.3.2. Threat of Substitute Products2.3.3. Bargaining Power of Buyers2.3.4. Bargaining Power of Suppliers2.3.5. Competitive Rivalry2.4. Initiatives Pertaining to Liquid Biopsy2.5. Legal, Policy, & Regulatory Framework2.6. Market Attractiveness Index2.7. Vendor Scorecard2.8. Key Market Strategies2.8.1. Contracts and Partnership2.8.2. Business Expansion, Announcements, and Divestitures2.8.3. Acquisitions & Mergers2.8.4. New Product Launches2.9. Market Drivers2.9.1. High Prevalence of Cancer in Geriatric Population2.9.2. Growing Importance of Liquid Biopsy Testing2.9.3. Rising Government Initiatives2.10. Market Restraints2.10.1. Lack of Reimbursement for Liquid Biopsy2.10.2. Disadvantages Associated with Compensation2.10.3. Unavailability of Skilled Professionals2.10.4. High Cost of Liquid Biopsy Test2.11. Market Opportunities2.11.1. Advancement in Technologies2.11.2. Untapped Diagnostic Testing Opportunities in Developing Countries2.11.3. Growing Demand for Diagnostic Centers
3. Global Liquid Biopsy Market - by Clinical Application3.1. Treatment Monitoring3.2. Prognosis and Reoccurrence Monitoring3.3. Treatment Selection3.4. Diagnosis and Screening
4. Global Liquid Biopsy Market - by Therapeutic Application4.1. Lung Cancer4.2. Breast Cancer4.3. Prostate Cancer4.4. Colorectal Cancer4.5. Melanoma Cancer4.6. Other Types of Cancer4.7. Non-Oncology Application
5. Global Liquid Biopsy Market - by Biomarker Type5.1. Nucleic Acid5.2. Protein5.3. Extracellular Vesicles5.4. Cells
6. Global Liquid Biopsy Market - by Analysis Platform6.1. NGS6.2. Microarray6.3. PCR6.4. Proteomics6.5. Other Analysis Platforms
7. Global Liquid Biopsy Market - by Analysis Purpose7.1. Early Detection/Screening7.2. Therapy Guidance7.3. Monitoring7.4. Diagnosis
8. Global Liquid Biopsy Market - by Product8.1. Circulating Tumor DNA (CTDNA)8.2. Circulating Tumor Cells (CTCS)8.3. Cell-Free DNA (CFDNA)8.4. Extracellular Vesicles and Others
9. Global Liquid Biopsy Market - by Industry Verticals9.1. Physicians' Office Laboratories9.2. Hospitals9.3. Clinical Diagnostic Laboratories
10. Global Liquid Biopsy Market - Regional Outlook
11. Competitive Landscape11.1. Adaptive Biotechnologies11.2. Agilent Technologies Inc.11.3. Angle plc11.4. Becton Dickinson and Company (BD)11.5. Biocept Inc.11.6. Bio-Rad Laboratories Inc.11.7. F Hoffmann-La Roche11.8. Foundation Medicine11.9. Grail11.10. Guardant Health Inc.11.11. Illumina Inc.11.12. MDxHealth SA11.13. Menarini-Silicon Biosystems11.14. Myriad Genetics Inc.11.15. Natera11.16. Personal Genome Diagnostics11.17. Qiagen N.V.11.18. Thermo Fisher Scientific Inc.
12. Research Methodology & Scope
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