Liquid Biopsy Market, 2023 - Seite 2

The market has been divided into four major geographic regions: North America, Europe, Asia, and Rest of the World. North America is the largest market for the liquid biopsy industry. This high share is attributed to the relatively high adoption rate of liquid biopsy coupled with launch of new and advanced products in the market. The Asian market is poised to witness the highest growth owing to increasing focus of players in this region.

The author, in its report, further covers how major trends and drivers, mainly therapy selection, increasing use of circulating tumor cells for cancer screening, growing interest of venture capital firms etc., will propel the industry's growth. An analysis has also been done of a few factors limiting the growth of the industry.

After an exhaustive study of the industry, the author has laid out the primary market players that are engaged in providing liquid biopsy-based tools and services. These players are working over a vast variety of products such as blood-based tests, urine-based tests, assays and instruments for sample extraction, amplification and purification, and constantly upgrading their portfolio to keep up with the latest developments in the field. Some of these players include QIAGEN NV, Roche Diagnostics, Foundation Medicine, Trovagene, Guardant Health, and Biocept.

Overall, even though the market is in its nascent stage at the moment, it is expanding at an almost exponential rate. With new players entering the market, increase in the number of collaborations and strong support from research institutes, the liquid biopsy market is bound to witness rampant diversification and growth in the coming years.

Key Topics Covered:

1. Analyst View

2. Research Methodology

3. Liquid Biopsy: An Introduction

4. Market Dynamics
4.1 Market Drivers
4.1.1 High Prevalence of Cancer
4.1.2 Technological Advancements in Personalized Therapies
4.1.3 Increasing Demand for Minimally Invasive Biopsy Techniques
4.1.4 Low Cost
4.1.5 Growing Interest of Venture Capital Firms
4.2 Market Restraints
4.2.1 A Less-Defined Regulatory Environment
4.2.2 Comparatively Low Concentration of Molecular Biomarkers in Body Fluids
4.2.3 Need for Proper Handling and Storage of the Samples
4.3 Market Opportunities
4.3.1 Use of Urine Sample May Witness a Paradigm Shift in Screening and Monitoring Practices