Global Lung Cancer Liquid Biopsy Market – Industry Trends and Forecast to 2030

 Lung Cancer Liquid Biopsy Market Analysis and Size

According to the National Cancer Institute, lung cancer is the leading cause of death in the United States. Lung cancer is the second most commonly diagnosed cancer and the leading cause of cancer deaths worldwide, with an estimated 1.8 million new cases in 2012. Currently, the 5-year overall survival rate for lung cancer is 17%-22%, though survival varies depending on the stage of diagnosis. Liquid biopsy has enormous potential in lung cancer diagnosis.

Data Bridge Market Research analyses that the lung cancer liquid biopsy market which was USD 0.30 billion in 2022, is expected to reach USD 1.38 billion by 2030, at a CAGR of 21% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Lung Cancer Liquid Biopsy Market Scope and Segmentation      

Market Definition

Liquid biopsy is a non-invasive alternative to surgical biopsies that aids in detecting molecular biomarkers. Liquid biopsy eliminates the need for costly invasive procedures by allowing doctors to detect diseases and make decisions using a blood sample from the patient. Liquid biopsy is a non-invasive alternative to surgical biopsies for detecting molecular biomarkers. Liquid biopsy is an essential component of precision medicine, with enormous diagnostic and treatment implications for oncology that can result in radical changes in clinical practice. It allows doctors to detect the onset of a disease or tumour by analyzing a simple blood sample. The presence of cancer cells or traces of RNA or DNA from cancer cells in the blood helps to determine the best course of treatment for a patient.

Global Lung Cancer Liquid Biopsy Market Dynamics

Drivers

• Rising incidence of lung cancer

The rising incidence of lung cancer is one of the primary drivers of the lung cancer liquid biopsy market. Lung cancer is the leading cause of cancer death worldwide. The main causes of the rising prevalence of lung cancer are smoking, passive smoking, air pollution, and genetic abnormalities. These are the certain reasons which boost the growth of the market.

• Rising use of personalized medicine

The liquid biopsy results can help physicians determine the treatment pattern for patients. These benefits are supplementing vendors' focus on providing a personalized treatment plan to lung cancer patients. Personalized medicine ensures that medications are targeted and effective. One of the key factors expected to positively impact the lung cancer liquid biopsy market during the forecast period.

Opportunities

• Growing awareness of patient and health-care professional

Growing patient and health-care professional awareness have increased the number of diagnosed lung cancer cases in Asia, particularly in China and India. The factors such as an increase in the number of reported lung cancer cases and significant investments in R&D of effective treatment alternatives in the region, North America is expected to dominate the global lung cancer liquid biopsy market in the near future.

Restraints/Challenges

• Lung cancer misdiagnosis

Lung cancer misdiagnosis, inadequate tumour sampling, and delayed diagnoses are also common due to limitations of the tissue biopsy will obstruct the market's growth rate.

This lung cancer liquid biopsy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the lung cancer liquid biopsy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Lung Cancer Liquid Biopsy Market

COVID-19 has infected approximately 532 million people worldwide. According to the most recent World meters’ statistics, the global death toll has reached 6,311,594. (as of May 31, 2022). The number is still growing, and the duration of the pandemic remains unknown. The impact of the COVID-19 pandemic on societies and economies around the world cannot be overstated. During the forecast period, the COVID-19 global pandemic has slowed the growth rate of the lung cancer liquid biopsy market.

Global Lung Cancer Liquid Biopsy Market Scope

The lung cancer liquid biopsy market is segmented on the basis of biomarker type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Biomarker Type

• CTC (Circulating Tumor Cells)
• ctDNA (Circulating tumor DNA)
• Exosomes and RNA

 Application

• Small Cell Lung Cancer
• Non-Small Cell Lung Cancer

 End-User

• Diagnostic and Imaging Centres
• Hospitals
• Academic and Research Centers
• Others

Lung Cancer Liquid Biopsy Market Regional Analysis/Insights

The lung cancer liquid biopsy market is analyzed and market size insights and trends are provided by country, biomarker type, application and end-user as referenced above.

The countries covered in the lung cancer liquid biopsy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the lung cancer liquid biopsy market because of the presence of well-developed healthcare infrastructure and favourable reimbursement policies in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the high CAGR in the forecast period and due to large patient pool in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The lung cancer liquid biopsy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for lung cancer liquid biopsy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the lung cancer liquid biopsy market. The data is available for historic period 2011-2021.

Competitive Landscape and Lung Cancer Liquid Biopsy Market Share Analysis

The lung cancer liquid biopsy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lung cancer liquid biopsy market.

Some of the major players operating in the lung cancer liquid biopsy market are:

• Eurofins Scientific (Luxembourg)
• MDxHealth (Belgium)
• CareDx (U.S.)
• Immucor (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• Menarini Silicon Biosystems (U.S.)
• QIAGEN (Germany)
• Guardant Health (U.S.)
• Exact Sciences Corporation (U.S.)
• Myriad Genetics, Inc. (U.S.)
• LungLife AI, Inc. (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• Agilent Technologies Inc. (U.S.)
• Natera, Inc. (U.S.)
• CARDIFF ONCOLOGY, INC. (U.S.)
• Exosome Diagnostics Inc. (U.S.)
• Illumina, Inc. (U.S.)
• Genomic Health Inc. (U.S.)
• F. Hoffmann-La Roche Ltd (Switzerland)

Research Methodology: Global Lung Cancer Liquid Biopsy Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

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