High spending on novel diagnostics technology and Increased focus on early cancer screening are driving the demand for United States liquid biopsy Market in the forecast period, 2023-2027.
According to TechSci Research report, “United States Liquid Biopsy Market By Product & Services (Assay Kits, Instruments, Services), By Circulating Biomarker (Circulating Tumor Cells, Circulating Tumor DNA (ctDNA), Cell-free DNA (cfDNA), Others), By Technology (Multi-gene Parallel Analysis using NGS v/s Single-gene Analysis using PCR Microarrays), By Application (Cancer v/s Non-Cancer), By End User (Hospitals & Clinics, Reference Laboratories, Others), By Region, Competition Forecast & Opportunities, 2027”, the United States liquid biopsy market is expected to grow at an impressive rate during the forecast period, 2023-2027. The adoption of liquid biopsy to tissue biopsy in cancer patients due to its advanced nature featuring fast turnaround time and feasibility and the ability to early cancer screening fuel the demand for liquid biopsies in the United States.
The rise in patient preference for non-invasive treatment procedures and surge in the number of cancer patients are the key driving factors influencing the United States liquid biopsy market in the forecast period. However, the lower sensitivity of some liquid biopsies may restrain the United States liquid biopsy market growth in the forecast period.
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The United States liquid biopsy market is segmented into product & services, circulating biomarker, technology, application, end user, regional distribution, and company.
On the basis of the product & services, the US liquid biopsy market is divided into assay kits, instruments, services. Assay kits are expected to hold the largest market share in the forecast period. The possibility for repeated sampling for liquid biopsy and the ease and affordability is driving the demand for assay kits in the forecast period.
On the basis of the circulating biomarker, the US liquid biopsy market is divided into circulating tumor cells, circulating tumor DNA (ctDNA), cell-free DNA (cfDNA), and others. Circulating tumor cells accounted for the largest revenue share and are expected to maintain their dominance throughout the forecast period, 2023-2027.
The increasing prevalence of cancer and the advent of ctDNA-based liquid biopsy analysis, which can determine prognosis tumor progression, is driving the market demand. The detection of ctDNA, a potential biomarker for cancer, and the growing demand for non-invasive treatment procedures are bolstering the demand for circulating tumor cells.
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On the basis of the technology, the United States liquid biopsy market is divided into multi-gene parallel analysis using NGS and single-gene analysis using PCR microarrays. Multi-gene parallel analysis using NGS technology is expected to hold the largest market share in the forecast period, 2023-2027.
This technology is highly advanced and can detect several kinds of mutations responsible for tumors, unknown variants, ctDNA mutation detection, and resistive mechanism. Rapid advancements in NGS technology to reduce cost and attain higher accuracy are expected to create lucrative opportunities for the US liquid biopsy market in the forecast period.
On the basis of the application, the US liquid biopsy market is divided into cancer and non-cancer. Cancer is expected to account for the largest market share in the forecast period due to the high prevalence of cancer and high-end investments in research to study the implication of liquid biopsy in cancer treatment. These are the key factors influencing the market growth in the forecast period.
On the basis of end user, the US liquid biopsy market is divided into hospitals & clinics, reference laboratories, and others. Reference laboratories are expected to witness significant growth opportunities in the forecast period. The surge in outsourcing liquid biopsy tests in reference laboratories due to inadequate infrastructure is driving the demand for liquid biopsies in reference laboratories.
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“The availability of a well-developed healthcare system, advanced clinical laboratories, and high demand for advanced instruments and technologies to ease convenience and effectiveness of treatment is driving the demand for the US liquid biopsy market. The surge in demand for tumor treatment and precision diagnosis and the use of liquid biopsy has opened numerous possibilities for the effective treatment of cancer which is expected to bolster market growth for the forecast period. Also, the growing awareness among patients about the benefits of availing personalized treatment based on drug effect and resistance and the rise in the allocation of funds by the government to upgrade existing healthcare infrastructure is expected to propel the United States liquid biopsy market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Liquid Biopsy Market By Product & Services (Assay Kits, Instruments, Services), By Circulating Biomarker (Circulating Tumor Cells, Circulating Tumor DNA (ctDNA), Cell-free DNA (cfDNA), Others), By Technology (Multi-gene Parallel Analysis using NGS v/s Single-gene Analysis using PCR Microarrays), By Application (Cancer v/s Non-Cancer), By End User (Hospitals & Clinics, Reference Laboratories, Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of US liquid biopsy market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States liquid biopsy market.
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