Global Liquid Biopsy Market Continues Upward Trajectory, Projected to Reach USD 10,938.6 Million by 2033 at a 21.7% of CAGR

The global liquid biopsy market is on a trajectory of significant expansion, with its market share estimated to generate a revenue of USD 1,538.3 million in 2023. According to healthcare domain experts, liquid biopsy providers can anticipate a robust compound annual growth rate (CAGR) of 21.7% through 2033, with the market forecasted to achieve a valuation of USD 10,938.6 million by 2033.

Liquid biopsy is revolutionizing the field of cancer diagnostics and monitoring by providing a non-invasive, highly accurate method for detecting and analyzing tumors. This impressive growth projection highlights the increasing adoption of liquid biopsy techniques in clinical practice, driven by their numerous advantages over traditional biopsy methods.

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Recent years have seen an increase in the use of liquid biopsies as a means of obtaining more individualized therapy alternatives. Liquid biopsy is becoming more and more common since it is inexpensive and easily accessible in many labs, especially in developing nations. As an example, a number of labs provide liquid biopsy testing.

“Key players are bringing cost reductions in liquid biopsy tests and partnering with local product distributors to strengthen their network base in target markets. Currently, a trend toward emerging economies has been spotted, as cancer cases are particularly on the rise, and a large population base provides significant opportunities in these markets,” says an FMI analyst.

Key Takeaways from the Liquid Biopsy Market Report

• The North America liquid biopsy market is expected to account for a leading share of 50.84%. The United States is predicted to account for 43.8%, enjoying a dominant share in the global and regional markets.
• The Europe market is anticipated to acquire a market share of 19.6% in 2023. Germany holds a prominent share in the region. In 2023, the country is predicted to amass a total of 6.6% share in the global market.
• In Europe, the United Kingdom is predicted to expand at a robust CAGR of 26.4% through 2033.
• In Asia Pacific, China and India display a remarkable percentage of growth, i.e., 29.7% and 24.4%, respectively, through 2033.
• CTC (Circulating Tumor Cells) is projected to obtain a significant market share of 56.9% by biomarker type in 2023.
• By sample type, blood sample type holds prominence in the liquid biopsy market.

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Key Developments by Liquid Biopsy Market Players

• QIAGEN N.V. (the Netherlands), in May 2022, introduced a therascreen EGFR Plus RGQ PCR Kit, which is a new in vitro diagnostic test for the analysis of sensitive EGFR mutation.
• Guardant Health, Inc., in June 2021, introduced Guardant360 Response test that finds variations in circulating tumor DNA (ctDNA) levels.
• Hoffmann-La Roche Ltd. (Switzerland), in October 2020, gained United States FDA approval for the extended claims for cobas EGFR Mutation Test v2 to be deployed as a companion diagnostic for an extensive range of therapies to manage non-small cell lung cancer (NSCLC).
• Biocept, Inc., in March 2020, agreed with a California-based Independent Physician Association (IPA) to offer its Target Selector liquid assay services to patients and physicians in the network.

Key Companies Profiled:

• BIOCEPT, INC.
• Qiagen N.V.
• Trovagene, Inc
• Janssen Global Services, LLC
• MDxHealth SA
• Natera, Inc
• F. Hoffmann-La Roche Ltd
• Silicon Biosystems
• Pathway Genomics Corporation
• Sysmex Corporation
• Others

Key Segments Profiled in the Liquid Biopsy Industry Survey:

By Biomarker Type:

• CTCs (Circulating Tumour Cells)
• ctNA (Circulating tumor Nucleic Acids)
• Exosomes

By Sample Type:

• Blood Liquid Biopsy
• Urine Liquid Biopsy
• Other (Plasma, Saliva, CSF) Liquid Biopsy

By Application Type:

• Liquid Biopsy for Lung Cancer
• Liquid Biopsy for Gastrointestinal Cancer
• Liquid Biopsy for Prostate Cancer
• Liquid Biopsy for Breast Cancer
• Liquid Biopsy for Colorectal Cancer
• Liquid Biopsy for Leukemia

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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