Westford, USA, July 05, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the liquid biopsy market will attain a value of USD 24.14 billion by 2031, with a CAGR of 11.21% during the forecast period (2024-2031). This market has received great momentum due to increased incidence of cancer on a global scale, alongside the greater need for fast and minimally invasive modalities of diagnosis. Due to increasing focus on early diagnosis and personalized modes of treatment in the modern concept of health care, the liquid biopsy market is expected to show continuous growth, fueled by innovative technological developments, wider research activities, and rising awareness levels in health care professionals as well as patients.
Download a detailed overview:
https://www.skyquestt.com/speak-with-analyst/liquid-biopsy-market
Browse in-depth TOC on "Liquid Biopsy Market"
Liquid Biopsy Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 10.32 Billion |
| Estimated Value by 2031 | $ 24.14 Billion |
| Growth Rate | Poised to grow at a CAGR of 11.21% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product & Services, Circulating Biomarkers, Clinical Application, Application, Technology, Sample Type, End User, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Increasing Adoption of Next-Generation sequencing (NGS) Technology |
| Key Market Drivers | Increasing Prevalence of Cancer |
Reagents and Kits Segment Leads the Market through Early Detection and Personalized Treatment
The reagents and assay kits segment is expected to hold the largest share of the overall market. This is attributed to the rising trends in demand for liquid biopsy tests, especially in applications for the diagnosis of cancer. Convenience, versatility, cost-effectiveness, and continuous technology updates result in the largest market share of the assay kits. The factors driving demand for liquid biopsy reagents and kits include the rising incidence of cancer across the globe, and the need for early diagnosis and efficient treatment modalities at an individual level.
Need for Efficient Liquid Autopsy Instruments makes the Instruments the Fastest Growing Segment
The instruments segment is the fastest-growing segment in the liquid biopsy market. It is chiefly attributed to the rising awareness and demand for automated, high-throughput liquid biopsy systems. The latter permits processing many samples in a shorter amount of time. Besides, advancement in technology has resulted in the development of NGS and dPCR among other methods. These advances have made it possible to develop efficient and accurate liquid biopsy instruments.
Presence of Several Data–Intensive Industries Makes North America a Leading Consumer
The dominance of this region globally is majorly attributed to the high prevalence of cancer in North American region along with increasing adoption of advanced diagnostic technologies. The US is the major contributor to the North American market. Lung cancer is the biggest cause of deaths due to cancer, especially in the US, hence, the use of liquid biopsy tests is gaining traction for early detection of cancer, proving beneficial in the region.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/liquid-biopsy-market
Liquid Biopsy Market Insights:
Drivers
Restraints
Prominent Players in Liquid Biopsy Market
The following are the Top Liquid Biopsy Companies
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/liquid-biopsy-market
Key Questions Answered in Liquid Biopsy Market Report
This report provides the following insights:
Related Reports:
Bioanalytical Testing Services Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/