1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Liquid Biopsy Market?
The projected CAGR is approximately 22.7%.
U.S. Liquid Biopsy Market by Product (Assay Kits & Consumables, Instruments), by Application (Oncology, Non-Invasive Prenatal Testing (NIPT), by End User (Hospitals, Clinical Laboratories, Others), by North America (United States, Canada, Mexico) Forecast 2025-2033
The size of the U.S. Liquid Biopsy Market was valued at USD 3.44 USD billion in 2023 and is projected to reach USD 14.40 USD billion by 2032, with an expected CAGR of 22.7% during the forecast period. The U.S. Liquid Biopsy Market is poised for remarkable growth, driven by its numerous advantages and the growing demand for precision medicine. Liquid biopsy, a minimally invasive technique that analyzes circulating tumor cells (CTCs) and circulating tumor DNA (ctDNA) in body fluids, offers several benefits over traditional biopsy methods. It provides a more comprehensive view of tumor heterogeneity, enables real-time monitoring of treatment response, and facilitates early detection and risk assessment of various diseases, including cancer. These advancements have spurred the adoption of liquid biopsy in various clinical settings, contributing to the market's expansion. The U.S. Liquid Biopsy Market is witnessing a surge in demand due to the rising prevalence of cancer, technological advancements, and increased awareness about the benefits of liquid biopsy. The development of highly sensitive and specific technologies, such as next-generation sequencing (NGS) and droplet digital PCR (ddPCR), has enhanced the accuracy and reliability of liquid biopsy tests. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) algorithms in liquid biopsy analysis is further improving diagnostic accuracy and enabling the identification of novel biomarkers. These factors are propelling the growth of the U.S. Liquid Biopsy Market.
The U.S. liquid biopsy market is experiencing robust growth, fueled by a confluence of factors. This dynamic market is propelled by several key drivers:
The U.S. Liquid Biopsy Market is not without its challenges. Some of the challenges facing the market include:
The United States holds the leading position in the global liquid biopsy market, driven by several factors. These include the high prevalence of cancer, a robust and well-funded healthcare system, a culture of early adoption of innovative technologies, and increased payer reimbursement for liquid biopsy tests. This dominance is expected to continue, amplified by the market drivers mentioned previously.
The U.S. liquid biopsy industry is poised for continued expansion, driven by several key growth catalysts:
Product:
Application:
End-User:
Some of the significant developments in the U.S. Liquid Biopsy Sector include:
A comprehensive U.S. Liquid Biopsy Market Report delivers in-depth insights into the market landscape, providing a detailed analysis of:
The U.S. Liquid Biopsy Market can be segmented into four regions: Northeast, South, Midwest, and West. The Northeast region is the largest market for liquid biopsy in the U.S., followed by the South, Midwest, and West regions. The Northeast region is home to a large number of cancer centers and hospitals, which is driving the growth of the liquid biopsy market in this region.
The DROCT (Direct Repeat Of Core Template) method is a next-generation sequencing (NGS) technology that is used for liquid biopsy. The DROCT method allows for the detection of rare mutations in cell-free DNA (cfDNA). cfDNA is a type of DNA that is released into the bloodstream by tumor cells. The DROCT method is a highly sensitive and specific method for detecting rare mutations in cfDNA, which makes it a promising technology for liquid biopsy.
The pricing of liquid biopsy tests varies depending on the type of test, the provider, and the region. In general, liquid biopsy tests cost between $500 and $5,000. Some tests, such as next-generation sequencing (NGS) tests, can cost more than $5,000. Medicare and private insurance companies typically cover the cost of liquid biopsy tests that are medically necessary.
The U.S. is a net importer of liquid biopsy products. The U.S. imports liquid biopsy products from a variety of countries, including China, Germany, and Switzerland. The U.S. also exports liquid biopsy products to a variety of countries, including Canada, Mexico, and the European Union.
The U.S. Liquid Biopsy Market can be segmented by product, application, end-user, and region.
Product:
Application:
End-User:
Region:
There are a number of patents and trademarks related to liquid biopsy. Some of the most important patents and trademarks include:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 22.7% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 22.7%.
Key companies in the market include Guardant Health (U.S.), PERSONALIS, INC. (U.S), FOUNDATION MEDICINE, INC. (U.S.), Natera, Inc. (U.S.), Illumina, Inc. (U.S.), F. Hoffmann La Roche Ltd. (Switzerland), Thermo Fisher Scientific Inc. (U.S.), QIAGEN (Germany), Bio-Rad Laboratories, Inc. (U.S.).
The market segments include Product, Application, End User.
The market size is estimated to be USD 3.44 USD billion as of 2022.
Increase in Number of Blood Donations to Accelerate Market Growth.
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
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The market size is provided in terms of value, measured in USD billion and volume, measured in Units.
Yes, the market keyword associated with the report is "U.S. Liquid Biopsy Market," which aids in identifying and referencing the specific market segment covered.
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