Liquid Biopsy Market – Analysis and Forecasts from 2017 to 2025 Liquid Biopsy Market - Global Industry Analysis, S | Page 2

assays and multi-gene assays. Based on application, the market has been
categorized into diagnosis analysis, prognosis analysis, cancer monitoring, and
recurrence analysis. In terms of end-user, the market has been segmented into
hospital laboratories, diagnostic laboratories, academic and research institutes, and
others.
In terms of region, the global liquid biopsy market is divided into five regions: North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in
Asia Pacific is expected to register a high CAGR owing to factors such as increasing
physician inclination toward advanced and minimally invasive techniques for cancer
diagnosis, rising prevalence of different cancer types, and growth in per capital
health expenditure of the overall population in this region. North America is
anticipated to dominate the global liquid biopsy market due to high adoption of
technologically advanced products with cutting edge technologies, increasing
research and development funding/investments, and rising demand in academic
and research institutes.
Unmet medical needs in the field of cancer treatment and focus on reducing cancer
mortalities by providing a broad-spectrum assay with less cumbersome method
present significant opportunities in the global liquid biopsy market. The advantages
of liquid biopsy over traditional solid biopsy, increasing focus and collaborations
among major market players, and research institutes for the generation of multi-
regimen assays are fueling the growth of the market.
Key players in the global liquid biopsy market are QIAGEN, RainDance Technologies,
Inc., F. Hoffmann-La Roche Ltd., Trovagene, Bio-Rad Laboratories, Inc., Genomic
Health, Myriad Genetics, Inc., Biocept, Inc., Johnson & Johnson (Janssen Global
Services, LLC), Illumina, Inc., and MDxHealth, among others.
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qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
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repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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