2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theLiquid Biopsy Market?

Government funding for cancer detection research is helping to drive the growth of the liquid biopsy market. In 2022, the U.S. National Institutes of Health (NIH) allocated $46.6 billion in funding, with $6.9 billion specifically awarded to the National Cancer Institute (NCI) for cancer research. These government funds are advancing cancer research and contributing to the market growth for liquid biopsy.

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#How Does the ProjectedLiquid Biopsy Market Growth Compare Over the Forecast Period?

The liquid biopsy market has grown rapidly in recent years. It will grow from $1.25 billion in 2024 to $1.46 billion in 2025, at a CAGR of 16.4%. Advances in cancer research, non-invasive diagnostic methods, personalized medicine, regulatory approvals, and early cancer detection are key contributors to this growth.

The liquid biopsy market is expected to grow rapidly, projected to reach $2.76 billion by 2029, at a CAGR of 17.2%. This growth is supported by expanding applications, cancer monitoring, emerging technologies, companion diagnostics, and biomarker discovery. Major trends include the use of liquid biopsy for cancer detection and monitoring, therapeutic monitoring, minimal residual disease (MRD) monitoring, and non-oncological applications of liquid biopsy.

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How Are Market Trends and Innovations Revolutionizing theLiquid Biopsy Industry in Recent Times?

Companies are rapidly introducing advanced products to meet the growing demand for liquid biopsy products and services, with the goal of boosting their revenue and gaining a competitive advantage. For instance, in June 2023, Laboratory Corporation of America Holdings launched the Labcorp Plasma Focus, a liquid biopsy test designed to identify cancer-associated biomarkers in individuals with advanced or metastatic solid tumors. This test examines the cell-free DNA (cfDNA) circulating in a patient’s blood to construct a genomic profile of their tumor, allowing oncologists to develop personalized therapy strategies for better patient management.

Which Companies Are Leading the Charge in Expanding theLiquid Biopsy Market Growth?

Major companies operating in the liquid biopsy market include QIAGEN NV, Roche Diagnostics Ltd., Bio-Rad Laboratories Inc., Myriad Genetics Inc., Guardant Health Inc., Thermo Fisher Scientific Inc., Menarini Silicon Biosystems, Biocept Inc., Janssen Diagnostics LLC, Trovagene Inc., Fraunhofer-Gesellschaft, MDX Health SA, Agilent Technologies Inc., Illumina Inc., Oxford Nanopore Technologies Ltd., Quantum Biosystems Inc., Menarini Silicon Biosystems Inc., Pathway Genomics Corporation, Sysmex Corporation, Janssen Global Services LLC, Natera Inc., ANGLE Plc, Bio Techne Corp, Biodesix Inc., CellMax Inc., CIRCULOGENE, Exact Sciences Corporation, Epic Sciences Inc., Exosome Diagnostics Inc., GRAIL Inc., Guardant Health AMEA, Inivata Ltd., NIPD Genetics, Oncocyte Corporation, Personal Genome Diagnostics Inc., RainDance Technologies Inc., Thrive Earlier Detection Corp.

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How is the Global Liquid Biopsy Market Segemented?

The liquid biopsy market covered in this report is segmented –

1) By Product: Assays Kits, Instruments, Services

2) By Clinical Application: Early Cancer Screening, Therapy Selection, Treatment Monitoring, Recurrence Monitoring Orthopedics

3) By End User: Reference Laboratories, Hospitals and Physician Laboratories, Academic and Research Centers

Subsegments:

1) By Assays Kits: cfDNA Assays, ctDNA Assays, Exosome-based Assays, RNA-based Assays, Protein-based Assays

2) By Instruments: PCR Instruments, Next-Generation Sequencing (NGS) Instruments, Microarray Instruments, Mass Spectrometry Instruments

3) By Services: Testing Services, Data Analysis Services, Laboratory Services, Custom Assay Development Services

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Which Geographics are Influencing the Growth of the Liquid Biopsy Market?

North America was the largest region in the liquid biopsy market in 2023. Western Europe was the second largest region in the liquid biopsy market. The regions covered in the liquid biopsy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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