2024 Liquid Biopsy Market Summary: 5 Key Findings
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What is the Expected Growth Rate of the Liquid Biopsy Market from 2024 to 2033?
The liquid biopsy market size has seen exponential growth in recent years. It is projected to grow from $6.61 billion in 2023 to $8.64 billion in 2024, with a CAGR of 30.8%. Growth drivers include advances in cancer research, non-invasive procedures, personalized medicine, regulatory approvals, and early cancer detection.
The liquid biopsy market is projected to see exponential growth, reaching $27.44 billion by 2028 at a CAGR of 33.5%. Growth is driven by cancer monitoring, emerging technologies, and biomarker discovery. Trends include cancer detection, therapeutic monitoring, and minimal residual disease monitoring.
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What Key Factors Are Fueling the Growth of the Liquid Biopsy Market?
Government funding for cancer research is fueling the growth of the liquid biopsy market. Funding from government agencies, such as the National Cancer Institute (NCI), supports research in cancer detection and treatment. In 2021, NCI increased its grants for cancer research, and in 2022, the National Institutes of Health (NIH) allocated $6.9 billion to cancer research. These government investments are positively impacting the growth of the liquid biopsy market.
What Are the Major Segments of the Liquid Biopsy Market?
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
What New Trends Are Transforming the Liquid Biopsy Market?
Companies are focusing on advanced product launches in the liquid biopsy market to meet growing demand and gain a competitive edge. Laboratory Corporation of America Holdings launched the Labcorp Plasma Focus liquid biopsy test in June 2023, which helps oncologists develop personalized treatment strategies for patients with advanced tumors.
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Which Regions Are Driving Growth in 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
The Liquid 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 liquid biopsy market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Liquid Biopsy Market Include
1. Liquid Biopsy Market Executive Summary
2. Liquid Biopsy Market Segments
3. Liquid Biopsy Market Size And Template Market Growth Rate
4. Key Liquid Biopsy Market Trends
5. Major Liquid Biopsy Market Drivers
……
25. Key Mergers And Acquisitions In The Liquid Biopsy Market
26. Top Liquid Biopsy Companies
27. Liquid Biopsy Market Opportunities And Strategies
28. Liquid Biopsy Market, Conclusions And Recommendations
29. Appendix
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