North America Liquid Biopsy Market - 2024 - 2031

Market Overview

The North America liquid biopsy market was valued at US$ 1464.00 million in 2023 and is estimated to reach US$ 5110.34 million by 2031, growing at a CAGR of 17.1% during the forecast period from 2024-2031.

Liquid biopsies are commonly used in oncology to detect and monitor cancer. The presence of circulating tumor DNA or other cancer-related biomarkers in the blood can provide information about the genetic characteristics of tumors, helping with diagnosis, treatment selection, and monitoring treatment response. Liquid biopsies have the potential to detect cancer at an earlier stage than traditional methods, as they can identify genetic alterations associated with tumors in their early development. Liquid biopsies enable real-time monitoring of genetic changes in tumors during the course of treatment. This information helps physicians make informed decisions about adjusting treatment strategies.

Market Dynamics

Increasing investments and funding in liquid biopsy

The rise of investments can play a crucial role in driving the liquid biopsy market growth. Adequate funding can support the commercialization efforts of liquid biopsy companies.

This includes obtaining regulatory approvals, establishing manufacturing processes, and creating marketing strategies. Investments provide the necessary resources for these companies to bring their products to market efficiently. Thus, rise in investments and funding helps to boost the market growth. For instance, in October 2023, Aqtual liquid biopsy startup raised $16 million in Series A financing to further advance its cell-free DNA (cfDNA) analysis platform to develop blood-based assays to help select effective treatments for chronic diseases and cancer, starting with rheumatoid arthritis.

Additionally, in July 2022, Delfi Diagnostics, Inc., a pioneering developer of a new class of high-performance, accessible liquid biopsy tests for early cancer detection and monitoring, raised a Series B funding of $225 million. This funding will support the continued development and commercialization of high-quality and accessible blood tests for single-cancer early detection, multi-cancer early detection, and treatment monitoring.

Moreover in December 2023, researchers from the University of California, Los Angeles (UCLA) Health Jonsson Comprehensive Cancer Center received two grants totaling $9.1 million from the National Cancer Institute to advance liquid biopsy technologies for the early detection of cancer, which can significantly improve treatment outcomes and reduce the number of deaths caused by the disease. Thus, above factors help to boost the market growth.

Market Opportunity

Rising opportunities in brain space

Liquid biopsy presents several opportunities in the diagnosis of brain tumors, offering a less invasive and potentially more accessible method for detecting and monitoring these complex and often challenging-to-diagnose conditions. For instance, the British Journal of Centre in 2023, stated that, in recent years, liquid biopsy has emerged as an alternative method to diagnose and monitor tumors. Compared to classical tissue biopsy procedures, liquid biopsy facilitates the repetitive collection of diverse cellular and acellular analytes from various biofluids in a non/minimally invasive manner.

This strategy is of greater significance for high-grade brain malignancies such as glioblastoma as the quantity and accessibility of tumors are limited, and there are collateral risks of compromised life quality coupled with surgical interventions.

Currently, blood and cerebrospinal fluid (CSF) are the most common biofluids used to collect circulating cells and biomolecules of tumor origin. These liquid biopsy analytes have created opportunities for real-time investigations of distinct genetic, epigenetic, transcriptomics, proteomics, and metabolomics alterations associated with brain tumors.

Market Segmentation

By Circulating Biomarker

Circulating Tumor Cells

Circulating Tumor DNA (ctDNA)/Cell-free DNA (cfDNA)

Extracellular Vesicles

By Product & Services

Kits & Reagents

Instruments

Services

By Application

Cancer Applications

Non-Cancer Applications

By Technology

Multi-Gene-Parallel Analysis (NGS)

Single Gene Analysis (PCR Microarrays)

By End User

Hospitals and Physician Laboratories

Research Centers

Others

By Country

US

Canada

Mexico

Key players

Merck & Co, Inc

F. Hoffmann-La Roche AG

Exosome Diagnostics, Inc.

Illumina Inc.

Guardant Health Inc

Thermo Fisher Scientific Inc.

NeoGenomics Inc

Qiagen NV

BioChain Institute Inc.

Biocept Inc.

Why Purchase the Report?

To visualize the North America Liquid Biopsy Market segmentation based on the circulating biomarker, product & services, application, technology, end-user, and region and understand key commercial assets and players.

Identify commercial opportunities by analyzing trends and co-development.

Excel data sheet with numerous liquid biopsy market-level data points with all segments.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping available as Excel consisting of key products of all the major players.

The North America Liquid Biopsy Market Report Would Provide Approximately 77 Tables, 77 Figures, and 195 Pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies