Straits Research Projects Significant Growth in Non-Invasive Liquid Biopsy Market
Straits Research has unveiled its latest insights into the burgeoning Non-Invasive Liquid Biopsy Market, projecting remarkable growth in the coming years. The global market size, valued at USD 1,589.55 million in 2022, is anticipated to expand to USD 8440.84 million by 2031, at an impressive CAGR of 20.38% during the forecast period (2023–2031).
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Market Definition
The non-invasive liquid biopsy market involves advanced diagnostic techniques for detecting and monitoring diseases such as cancer and genetic disorders through bodily fluids like blood, urine, and saliva. This technology offers a less invasive alternative to traditional tissue biopsies, revolutionizing early disease detection and personalized treatment.
Market Dynamics
Key Trends
Increasing adoption of liquid biopsy techniques in personalized medicine to tailor treatments based on individual genetic profiles.
Advancements in next-generation sequencing (NGS) technologies, enhancing diagnostic precision and expanding application scope.
Market Drivers
Rising prevalence of cancer globally, driving the demand for early and accurate diagnostic tools.
Growing preference for non-invasive procedures due to reduced patient discomfort and faster recovery times.
Market Opportunities
Integration of artificial intelligence in liquid biopsy analysis, improving predictive accuracy and diagnostic efficiency.
Expansion in emerging markets where healthcare infrastructure is rapidly evolving, increasing accessibility to advanced diagnostic tools.
Market Segmentation
By Offering
Product
Services
By Sample
Stool
Urine
Saliva
Others
By Technology
Polymerase Chain Reaction
Sequencing
Microarray
Others
By Applications
Oncology
Reproductive Health
Metabolic Disorders
Others
By End-Users
Hospitals and Diagnostic Laboratories
Academic and Research Institutions
Others
Access detailed segmentation here: https://straitsresearch.com/report/non-invasive-liquid-biopsy-market/segmentation
Key Players in the Market
The market’s competitive landscape is shaped by prominent players including:
Bio-Techne Corporation
Exact Sciences Corporation
Thermo Fisher Scientific Inc.
QIAGEN N.V.
MDxHealth
Lonza Group AG
PerkinElmer Inc.
Merck KGaA
OraSure Technologies Inc.
Norgen Biotek Corp
Zymo Research Corporation
Oasis Diagnostics Corporation
Others
Regional Insights
Dominated Region: North America
North America leads the global market, attributed to advanced healthcare infrastructure, high R&D investments, and early adoption of cutting-edge diagnostic technologies.
Fastest Growing Region: Europe
Europe is poised for rapid growth, driven by supportive government initiatives, expanding research activities, and increasing awareness about non-invasive diagnostic solutions.
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