Biotech

Liquid biopsy has demonstrated its clinical utility in several key applications that have spurred booming growth in the market for liquid biopsy diagnostics.

Liquid biopsy has demonstrated its clinical utility in several key applications that have spurred booming growth in the market for liquid biopsy diagnostics. BCC Research reveals in its new report that this industry is poised to break into multiple applications, including the average-risk NIPT, cancer monitoring and organ transplantation surveillance segments.
According to BCC Research’s press release:

The global liquid biopsy market, which totaled $1.6 billion in 2015, is growing at a five-year compound annual growth rate (CAGR) of 22.3% that should bring its value to nearly $4.5 billion by 2020. The two main applications for liquid biopsy are cancer and non-cancer (reproductive health and organ transplant diagnostics). The cancer market, the fastest growing segment with a five-year CAGR of 36.2%, reached $414.5 million in 2015 and should reach $1.9 billion by 2020. The global non-cancer market, the larger segment, totaled $1.2 billion in 2015. Growing at a five-year CAGR of 15.7%, it should reach $2.5 billion by 2020.

BCC Research analyst John Bergin stated:

A main objective of post-transplant surveillance is to improve the outcomes for patients. A key driving force for the use of liquid biopsy is clinical evidence that it does. During the past several years, this evidence has become stronger as a result of multiple studies using cfDNA as a biomarker. It is expected that this evidence, together with ongoing efforts by companies developing these biomarkers, will contribute to the market growth of this application in the future.

Click here to view the full release.
 

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