Liquid Biopsy Market Expected to Rise at A High CAGR, Driving Robust Sales and Revenue till 2026
Liquid biopsy, also known as fluid biopsy or fluid phase biopsy, is the sampling and analysis of non-solid biological tissue, mainly blood. This technique is mainly used as a diagnostic and monitoring tool for diseases such as cancer, with an added benefit of being largely non-invasive.
The Liquid Biopsy research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.
This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Liquid Biopsy Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Liquid Biopsy Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players
Biocept Inc.
Bio-Rad Laboratories
F. Hoffmann-La Roche Ltd.
Guardant Health Inc.
Illumina, Inc.
Johnson & Johnson
Laboratory Corporation of America Holdings
MDxHealth SA
QIAGEN N.V.
Thermo Fisher Scientific Inc.
Growth drivers and Market Value:
This report, from Stratview Research Liquid Biopsy Market value and growth drivers over the trend period of 2019-25. According to the report -
Liquid Biopsy Market is likely to witness a steady CAGR of over 18.0%, during the forecast period. Major factors such as increase in the number of cancer patients, increasing demand for non-invasive treatment procedures, and growing awareness about the benefits of liquid biopsy are expected to drive the growth of the market during the forecast period. Furthermore, liquid biopsy offers advantages such as low cost, rapid and accurate results, and early detection of diseases, all of which are expected to fuel the market's growth during the forecast period.
Segment Analysis
By Application Type
Based on the application type, the market is segmented as cancer and non-cancer applications. Cancer application is further sub-segmented into lung cancer, breast cancer, colorectal cancer, prostate cancer, melanoma, and others. The cancer segment is likely to grow significantly at an exponential CAGR, during the forecast period, largely due to the increasing number of cancer cases and increasing demand for liquid biopsy for diagnosis. In addition, the increasing number of research studies on liquid biopsy for cancer application is further expected to drive the growth of the market during the forecast period.
By Region
In terms of regions, the market is segmented as North America, Europe, Asia-Pacific, and Rest of the world. Among these regions, Asia-Pacific is expected to be the fastest-growing region in the market during the forecast period. The region is distinguished by rising disposable income, increasing healthcare expenditure, growing awareness of liquid biopsy techniques, and rising adoption of advanced diagnostic techniques in hospitals, clinics, and diagnostic laboratories. The growing penetration of hospitals and diagnostic centers in the region is likely to bolster the growth of the market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Liquid Biopsy report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market forecast analysis
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends & Key success factors
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