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Cancer Biopsy Market Growth Forecast 2024-2033: What’s the Expected Rate?

The cancer biopsy market has grown rapidly, projected to expand from $22.12 billion in 2023 to $25.08 billion in 2024, at a CAGR of 13.4%. The historical growth is attributed to increased awareness of breast cancer liquid biopsy procedures, growing awareness of inherited oncology disorders and genetic testing, adoption of liquid biopsies, demand for minimally invasive biopsy treatments, and rising demand for tissue biopsies.

The cancer biopsy market is expected to grow to $41.65 billion by 2028, at a CAGR of 13.5%. This growth is driven by a rising number of patients, increasing cancer diagnoses, and the growing need for biopsies. Trends include technological advancements, AI and machine learning integration, and the emergence of point-of-care biopsy devices.

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What Factors Are Impacting the Growth of the cancer biopsy Market?

The increasing prevalence of cancer is expected to contribute to the growth of the cancer biopsy market. Cancer is a complex group of diseases involving abnormal cell growth and spread. The growing incidence of cancer is influenced by factors such as lifestyle changes, urbanization, environmental pollution, and healthcare access. Cancer biopsies are essential for diagnosing cancer and assessing its type and stage. For example, in January 2023, the National Center for Biotechnology Information reported that there were 1,958,310 new cancer cases and 609,820 cancer deaths in the U.S. The global cancer burden is expected to rise to 28.4 million cases by 2040, according to the National Library of Medicine. Thus, the increasing cancer prevalence will continue to drive the cancer biopsy market.

What Are the Fundamental Segments in the Cancer Biopsy Market?

1) By Type: Tissue Biopsies, Liquid Biopsies, Other Types

2) By Application: Breast Cancer, Colorectal Cancer, Cervical Cancers, Lung Cancers, Prostate Cancers, Skin Cancers, Blood Cancers, Kidney Cancers, Other Applications

3) By End User: Hospitals, Diagnostic Laboratories, Other End Users

What Trends Are Shaping the New Direction of the Market?

Companies in the cancer biopsy market are advancing liquid biopsy techniques to enable non-invasive, early cancer detection and monitoring, improving patient outcomes and facilitating personalized treatment strategies. Liquid biopsy is a non-invasive diagnostic method that detects genetic material such as circulating tumor DNA (ctDNA) from a blood sample. For example, in May 2023, Labcorp launched the Labcorp Plasma Focus test, a plasma-based liquid biopsy that identifies cancer-related biomarkers. It analyzes circulating free DNA from tumor cells and builds a genomic profile of the tumor, identifying mutations in 33 genes associated with various cancers, including lung, colorectal, breast, esophageal, and melanoma.

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Which Regions Are Making a Mark in the Cancer Biopsy Market Growth?

North America was the largest region in the cancer biopsy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cancer biopsy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Cancer Biopsy Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the cancer biopsy market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Cancer Biopsy Market Include

1. Cancer Biopsy Market Executive Summary

2. Cancer Biopsy Market Segments

3. Cancer Biopsy Market Size And Template Market Growth Rate

4. Key Cancer Biopsy Market Trends

5. Major Cancer Biopsy Market Drivers

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25. Key Mergers And Acquisitions In The Cancer Biopsy Market

26. Top Cancer Biopsy Companies

27. Cancer Biopsy Market Opportunities And Strategies

28. Cancer Biopsy Market, Conclusions And Recommendations

29. Appendix

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