Analyzing the Future of Circulating Tumor Cells Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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What is the Future CAGR of the Circulating Tumor Cells Market, and How Will It Impact Industry Expansion?
Over the recent years, the market size of circulating tumor cells has seen a quick expansion. It’s predicted to increase from $11.9 billion in 2024 to $13.37 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.4%. Factors contributing to the growth during the historic period include the occurrence and prevalence of cancer, the use of these cells in cancer staging, the development of liquid biopsy, patient preference for minimally invasive examinations, regulatory backing for liquid biopsies, and an emphasis on the early detection of cancer.
The market size for circulating tumor cells is projected to witness a significant upsurge in the forthcoming years, expanding to a staggering $21.68 billion in 2029 with a compound annual growth rate (CAGR) of 12.8%. The anticipated growth over the forecast timeline can be credited to factors such as the adoption of point-of-care CTC testing, the embracement of microfluidics, focus on rare types of cancer, standardization of CTC assays, enhanced CTC-based clinical trials, as well as economic and emerging market development. Key trends to watch out for during the forecast timeframe include novel techniques for CTC isolation, governmental funding for studies on CTC, strides in CTC detection technologies, use of liquid biopsy for monitoring cancer, merging with single-cell analysis, and the harmonization with artificial intelligence (AI) technology.
What Are the Primary Drivers Supporting the Growth of the circulating tumor cells Market?
The escalating occurrence of cancer is anticipated to boost the growth of the circulating tumor cells market. Cancer is a disease known for uncontrollable growth and spread of some body cells. The use of circulating tumor cells is vital in the preliminary detection and diagnosis of cancer, hence, the increasing incidence of cancer is triggering the expansion of this market. For instance, the American Cancer Society Journals, an organization based in the US, forecasted in January 2023 that there would be approximately 1,958,310 newly diagnosed cancer cases, alongside an expected 609,820 cancer-related fatalities in the United States. As such, the rising incidence of cancer continues to fuel the development of the circulating tumor cells market.
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What Are the Top Market Players Propelling the Growth of the Circulating Tumor Cells Industry?
Major companies operating in the circulating tumor cells market include:
• Precision Medicine Group LLC_x000D_
• Bio-Techne Corporation_x000D_
• BIOCEPT Inc._x000D_
• Creativ MicroTech Inc._x000D_
• Fluxion Biosciences Inc._x000D_
What Are the Key Trends to Watch in the Circulating Tumor Cells Market Over the Coming Years?
One of the prevalent trends in the circulating tumor cells market is product innovation. Many of the leading businesses in the industry are focusing on creating novel products to consolidate their market position. As an example, Bio-Rad Laboratories, Inc., a medical laboratory based in the US, introduced the Celselect Slides 2.0 in June 2024. This product is intended to improve the capture of scarce cells and circulating tumor cells (CTCs), thereby increasing the precision and effectiveness of cell analysis for both clinical and research uses.
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What Are the Major Categories and Their Growth Dynamics in the Circulating Tumor Cells Market?
The circulating tumor cells market covered in this report is segmented –
1) By Product: Kits And Reagents, Blood Collection Tubes, Devices Or Systems
2) By Technology: CTC Enrichment, CTC Detection, CTC Analysis
3) By Specimen: Blood, Bone Marrow, Other Body Fluids
4) By Application: Clinical Or Liquid Biopsy, Research
Subsegments:
1) By Kits And Reagents: Cell Enrichment Kits, Detection Kits, Nucleic Acid Isolation Kits
2) By Blood Collection Tubes: Standard Blood Collection Tubes, Specialized Blood Collection Tubes
3) By Devices Or Systems: Microfluidic Devices, Automated Cell Capture Systems, Imaging Systems
What Regions Are Dominating the Circulating Tumor Cells Market Growth?
North America was the largest region in the circulating tumor cells market in 2024. Asia-Pacific is expected to be the fastest-growing region in the circulating tumor cells market during the forecast period. The regions covered in the circulating tumor cells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Do Experts Define the Scope of the Circulating Tumor Cells Market?
Circulating tumor cells refer to solid tumor-derived cells that have shed from the primary tumor and are extravasated into the blood circulation system. They are used as a tool to diagnose and prognosis of cancer.
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