Market Snapshot

Market Overview

Market Overview

The global liquid biopsy market has witnessed significant growth, attributing to the increasing demand for less invasive biopsies and other monitoring approaches while treating cancer patients. Liquid biopsies had also been instrumental in other settings including early screening, treatment decision, redesigning treatment approaches, and prenatal screening.

Further, the increasing utilization of the non-invasive biopsy procedures in the developed and the developing countries is the key driver for the growth of the global liquid biopsy market.

The reimbursement scenario of liquid biopsies has significantly evolved in terms of governmental and private payors, during past three years. However, private payers have been much more reluctant to cover multiple gene panel liquid biopsies as many of them consider them as experimental or investigational until greater clinical utility has been validated through clinical trials. The landscape of liquid biopsy is significantly evolving, and the number of ongoing clinical trials for evaluation of the clinical utility of liquid biopsy testing possibly cause a shift to broader coverage of blood-based testing in the upcoming years. The current scenario of reimbursement for various liquid biopsies had been provided.

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Market Segmentation

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Table of Contents

Table of Contents

1. Research Methodology and Scope

2. Executive Summary

3. Market Dynamics

        3.1 Drivers

        3.2 Restraints

4. Competitive Landscape

        4.1 Key Strategies Adopted by Major Companies

        4.1 Market Share Analysis

5. Liquid Biopsy Market Segmentation by Product

        5.1 Kits and Consumables

        5.2 Instruments

6. Liquid Biopsy Market Segmentation by Technology

        6.1 Next-Generation Sequencing

        6.2 Polymerase Chain Reaction

        6.3 Other

7. Liquid Biopsy Market Segmentation by Sample Type

        7.1 Blood

        7.2 Non-Blood Samples

8. Liquid Biopsy Market Segmentation by Circulating Biomarker

        8.1 Circulating Tumor Cells

        8.2 Cell-Free DNA

        8.3 Circulating Cell-Free RNAs

        8.4 Exosomes and Extracellular Vesicles

        8.5 Others

9. Liquid Biopsy Market Segmentation by Indication

        9.1 Lung Cancer

        9.2 Breast Cancer

        9.3 Prostate Cancer

        9.4 Colorectal Cancer

        9.5 Melanoma

        9.6 Others

10. Liquid Biopsy Market Segmentation by Clinical Application

        10.1 Treatment Monitoring

        10.2 Prognosis and Recurrence Monitoring

        10.3 Treatment Selection

        10.4 Diagnosis and Screening

11. Liquid Biopsy Market by Geography

        11.1 North America

                 11.1.1 United States

                 11.1.2 Canada

                 11.1.3 Mexico

        11.2 Europe

                 11.2.1 United Kingdom

                 11.2.2 France

                 11.2.3 Italy

                 11.2.4 Germany

                 11.2.5 Spain

                 11.2.7 Rest of Europe

        11.3 Asia-Pacific

                 11.3.1 India

                 11.3.2 China

                 11.3.3 Japan

                 11.3.4 Rest of Asia-Pacific

        11.4 South America

                 11.4.1 Brazil

                 11.4.2 Rest of South America

        11.5 Middle East and Africa

11. Liquid Biopsy Company Profiles

        12.1 Abcodia

        12.2 NeoGenomics Laboratories

        12.3 Biocept

        12.4 Chronix Biomedical

        12.5 Roche

        12.6 Bio-Rad Laboratories

        12.7 Menarini Silicon Biosystems

        12.8 Cynvenio Biosystems

        12.9 Epic Sciences

        12.10 Illumina

13. Appendix

Market Dynamics

Growing demand for in-home mobile phlebotomy services to collect blood and other fluids collection for liquid biopsy applications, high demand for teleconsultation services for routine screening and treatment follow ups and expected surge in cancer screening tests in case of lockdown relaxations. The factors propelling the growth of the liquid biopsy market are rising prevalence of cancers coupled up with increasing NCI budget allocation and increasing adoption of inorganic growth strategies among key players in the market. Moreover, factors hindering the market growth are uncertain reimbursement and regulatory policies, false negatives and positives and existing diagnostic confidence on standard tumour biopsies, among others

Reduction in testing volume of several key players and significant drop in urgent screening referrals for cancers across major geographies, including the U.S. and U.K are the key factors challenging the growth of the market

Segmentation by Technology

The strong growth in the NGS section is primarily attributed to an increase in the market introduction of several NGS-based liquid biopsy services and kits, which particularly targets major cancer types, including breast cancer and lung cancer. Furthermore, the adoption of NGS based test is expected to increase owing to an underlying ability to perform massively parallel sequencing, making the NGS- based tests capable of identifying biomarker aberrations and mutations at very low levels in a single test, which may be missed by other, less sensitive methodologies available in the market currently

Segmentation by Indication

In the global liquid biopsy market, the lung cancer application is dominating the market due to increase in the prevalence of the lung cancer cases due to smoking and unhealthy habits leading to the major cause of mortality worldwide. The major factor contributing toward the growth of the lung cancer is smoking and pollution. The lung cancer application is the major contributor in the liquid biopsy market. The second highest dominating application in the market is breast cancer; it is the second the leading cause of the mortality worldwide in women.

Segmentation by Geography

North America liquid biopsy market is foreseen to be majorly driven by technological developments in the field of genomics and molecular diagnostics. The advanced research and development in the field of molecular diagnostics have significantly aided in understanding the biology of various types of cancer, such as lung cancer, breast cancer, and colorectal cancer.

The Europe liquid biopsy market is one of the lucrative markets with high growth potential. The rising prevalence of prostate cancer and lung care aided by the several diagnostic service providers have significantly elevated the demand for liquid biopsy tests and services in Europe.

The high growth can be attributed to the growing prominence for diagnostic technologies with the ability to aid in the monitoring of the cancer treatment and the growing prominence for companion diagnostics

Major Players

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