The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Circulating Tumor Cells Global Market Report 2024, the circulating tumor cells market is expected to show promising growth in the forecast period.

Rising Cancer Incidence Drives Surge In Circulating Tumor Cells Market

• Growing Cancer Incidence: The escalating incidence of cancer fuels the expansion of the circulating tumor cells market. According to the American Cancer Society Inc., approximately 1.9 million new cancer cases were diagnosed by 2021.
• Market Players: Major companies such as Precision Medicine Group LLC, Bio-Techne Corporation, and Biocept Inc., among others, contribute significantly to market growth.

Increasing Focus On Liquid Biopsy Products To Provide Reliable Services To Their Customers

• Innovative Products: Key players in the circulating tumor cells market concentrate on oncology liquid biopsy products to enhance revenue streams.
• BillionToOne Inc.’s Initiative: In June 2022, BillionToOne Inc. introduced oncology liquid biopsy products, NorthStar Select and NorthStar Response, aiming for precise somatic mutation profiling and treatment response monitoring.

Agilent Technologies Enhances Cancer Diagnostics Portfolio With Acquisition Of Resolution Bioscience Inc.

• Strategic Acquisition: Agilent Technologies Inc. acquired Resolution Bioscience Inc. in April 2021, amplifying its capabilities in cancer diagnostics.
• Resolution Bioscience Inc.: Known for its next-generation sequencing-based oncology solutions, Resolution Bioscience Inc. adds innovative technology to Agilent’s repertoire.

Market Segmentation and Regional Dynamics

• Segmentation: The circulating tumor cells market is categorized by product (kits and reagents, blood collection tubes, devices/systems), technology (CTC enrichment, detection, analysis), specimen (blood, bone marrow, other body fluids), and application (clinical or liquid biopsy, research).
• Regional Dynamics: North America led the circulating tumor cells market in 2023, while Asia-Pacific is anticipated to witness the fastest growth during the forecast period.

Forecasted Growth and Market Trends

• Rapid Expansion: The circulating tumor cells market is poised for robust growth, reaching $19.45 billion in 2028 with a CAGR of 12.3%.
• Driving Forces: Factors such as point-of-care CTC testing, adoption of microfluidics, and focus on rare cancer types contribute to the market’s anticipated growth.

View More On The Circulating Tumor Cells Market Report 2024 – https://www.thebusinessresearchcompany.com/report/circulating-tumor-cells-global-market-report

• Innovations and Trends: Innovations in CTC isolation techniques, government funding for CTC research, and integration with single-cell analysis are key trends shaping the market landscape.
• Technological Convergence: The convergence of circulating tumor cells detection technologies with artificial intelligence (AI) heralds a new era in cancer diagnostics.

Conclusion: Embracing Innovations in the Circulating Tumor Cells Market

The circulating tumor cells market experiences remarkable growth attributed to the increasing incidence of cancer, advancements in liquid biopsy technologies, and strategic acquisitions by leading players like Agilent Technologies Inc. and Resolution Bioscience Inc. As the market expands, stakeholders witness a surge in demand for innovative solutions, driving the industry towards greater precision, efficiency, and accessibility in cancer diagnostics and treatment monitoring. With promising forecasts and relentless pursuit of excellence, the circulating tumor cells market emerges as a pivotal player in the global fight against cancer.

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