Unlocking Opportunities in the Liquid Biopsy For Cancer Diagnostics Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theLiquid Biopsy For Cancer Diagnostics Market?
The increasing occurrence of cancer is predicted to fuel the expansion of the liquid biopsy for cancer diagnostics market in the future. Cancer, a broad term for illnesses that can occur in virtually any organ or tissue in the body, happens when abnormal cells multiply without control, breach their usual limits, and either migrate to other organs or infiltrate nearby body parts. This proliferation boosts the necessity for diagnostic operations like early stage cancer or tumor recurrence detection, individual risk evaluation, and therapy monitoring. This allows liquid biopsy to show the full extent of the disease, as tumor or tumor byproducts are emitted from all metastatic or primary tumor locales, offering comprehensive and real-time data on tumor cell development, therapeutic objectives, and therapy resistance mechanisms. For context, in May 2024 the National Cancer Institute – a US government agency – reported approximately 18.1 million cancer survivors in the US alone. This number is predicted to climb to 22.5 million by 2032 and by 2040, the annual new cancer cases are believed to peak at 29.9 million, while cancer-related fatalities are forecasted to grow to 15.3 million. Hence, the increasing prevalence of cancer is contributing to the growth of the liquid biopsy for cancer diagnostics market.
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#How Does the ProjectedLiquid Biopsy For Cancer Diagnostics Market Growth Compare Over the Forecast Period?
The market size for liquid biopsy in cancer diagnostics has experienced substantial growth in the past few years. A surge from $9.23 billion in 2024 to $10.78 billion in 2025 is expected, reflecting a compound annual growth rate (CAGR) of 16.8%. This growth during the historic period can be credited to progress in genomic research, increased understanding of the advantages of liquid biopsy, the escalating incidence of cancer, heightened demand for non-invasive cancer examination, and the broadening of precision medicine initiatives.
The market size for liquid biopsy in cancer diagnostics is projected to experience accelerated expansion in the upcoming years, swelling to reach $19.32 billion by 2029 with a 15.7% CAGR. This projected surge can be ascribed to factors such as, the incorporation of liquid biopsy into common cancer diagnostics, the increased use of liquid biopsy for early-stage cancer detection, the extension of cancer screening programs, a heightened emphasis on personalised medicine within oncology, and a surge in funding dedicated towards liquid biopsy research. Key trends predicted during the forecast period include the rise of multi-omics liquid biopsy methodologies, the incorporation of AI into liquid biopsy analysis, the application of liquid biopsy beyond oncology, the evolution of blood-based biomarkers for cancer, and the tailoring of liquid biopsy assays for particular types of cancer.
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Which Cutting-Edge Market Trends Are Expected to Drive theLiquid Biopsy For Cancer Diagnostics Market’s Growth?
The rise of product innovations is becoming a prominent trend in the liquid biopsy for cancer diagnostics market, with key players focusing on developing innovative products to solidify their market position. An example of this is seen when BostonGene, an American biomedical software company, introduced new liquid biopsy solutions in June 2023 to detect clinically significant gene alterations. This expanded range of tests will expedite the development of novel assays, analysis tools, and processes that deliver precise medicine to patients. These methods encompass various AI-powered molecular and immunological profiling tools to study tumors, microenvironments, and host immunity. Furthermore, it supports immunotherapy treatment, provides insights into a patient’s immune-related issues, and keeps track of disease progression and treatment response.
What Are the Leading Market Players Impacting theLiquid Biopsy For Cancer Diagnostics Market’s Growth Trend?
Major companies operating in the liquid biopsy for cancer diagnostics market include F. Hoffman La Roche Ltd., Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., The Menarini Group, Bio-Rad Laboratories Inc., QIAGEN Inc., Exact Sciences Corporation, Bio-Techne Corporation, ArcherDX Inc., Neogenomics Laboratories Inc., Guardant Health Inc., Myriad Genetics Inc., Foundation Medicine Inc., Amoy Diagnostics Co. Ltd., Biocartis Group NV, Biodesix Inc., MDx Health Inc., Sysmex Inostics Inc., Biocept Inc., Agena Bioscience Inc., Laboratory for Advanced Medicine (LAM) Inc., MiRXES Pte Ltd., Inivata Limited, Resolution Bioscience Inc., SAGA Diagnostics AB, NuProbe Inc., Personal Gemone Diagnostics Inc., Pathway Genomics Corporation, Angle PLC
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How Are the Key Segments of the Liquid Biopsy For Cancer Diagnostics Market Driving Opportunities and Innovations?
The liquid biopsy for cancer diagnostics market covered in this report is segmented –
1) By Type: Product, Services
2) By Sample: Blood, Urine, Saliva
3) By Cancer: Lung Cancer, Breast Cancer, Colon Cancer, Other Cancers
4) By End-User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By Product: Circulating Tumor Cells (CTCs) Detection Kits, Circulating Tumor DNA (ctDNA) Detection Kits, Exosome Isolation Kits, Sample Collection Devices
2) By Services: Testing Services, Analytical Services, Bioinformatics Services
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theLiquid Biopsy For Cancer Diagnostics Market?# Market Expansion?
North America was the largest region in the liquid biopsy for cancer diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the liquid biopsy for cancer diagnostics market report during the forecast period. The regions covered in the liquid biopsy for cancer diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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