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Emphasis on Cancer Type (Lung, Breast, Colorectal, Prostate); Circulating Biomarkers (Circulating Tumor Cells, Circulating Tumor DNA, Cell-Free DNA); Product (Assay Kits, Instruments); End-User (Reference Laboratories, Hospitals & Physician Laboratories, Academic & Research Centres); Region and Country
The Liquid Biopsy Market was valued at approximately USD 8.1 billion in 2024 and is expected to grow at a substantial CAGR of around 13.5% during the forecast period (2025-2033), owing to the rising demand for non-invasive cancer diagnostics.
Liquid biopsy is a non-invasive procedure that enables doctors to identify information regarding the tumor using a blood sample. This technique is mainly used to diagnose chronic diseases such as cancer. It is also used to monitor the effect of treatment on cancer patients multiple times. Liquid biopsy will take a prominent position in cancer-related research and investigation. The liquid biopsy is rapidly substituting conventional tumor biopsies. These are developed out of the need to acquire the most amount of molecular information about cancer. This cancer information is obtained with the least amount of surgical invasion. Furthermore, the clinical trials for the development of these tests have given positive results and have led to larger-scale clinical trials demonstrating efficacy.
This section discusses the key market trends influencing the various segments of the Liquid Biopsy market as identified by our research experts.
Integration of liquid biopsy with precision medicine
Cancer care improves through precision medicine as liquid biopsy provides personalized treatment strategies that base decisions on up-to-date genomic information. A liquid biopsy makes it possible to discover circulating tumor DNA (ctDNA) alongside other biomarkers through a single blood lab test to give health professionals vital tumor data without requiring surgical interventions. Cancer management becomes more patient-specific through targeted therapy selection, while response tracking and intervention changes become possible due to the data obtained from liquid biopsy.
This section provides an analysis of the key trends in each segment of the global liquid biopsy market report, along with forecasts at the global, regional, and country levels for 2025-2033.
The Lung Cancer Segment is Expected to Witness a Higher CAGR than the Liquid Biopsy Market.
Based on the cancer type, the global Liquid Biopsy market is categorized into lung, breast, colorectal, and prostate. The lung cancer segment accounted for the largest revenue share in 2024, owing to an increase in the prevalence of non-small cell lung cancer forms across the globe. Further, prostate cancer is expected to be the fastest growing segment during the forecast period as it is the most prevalent type of cancer and the second leading cause of death in North America.
The Assay Kits Segment Holds the Largest Share of the Market.
Based on product, the liquid biopsy market is segmented into assay kits, instruments. Among these, the assay kits segment is expected to be the fastest-growing segment in the product and services market during the forecast period. Factors such as the increasing demand for liquid biopsy tests, increasing applications of liquid biopsies, and the need for reliable and specific assays are expected.
North America has a significant share of the market in 2024.
North America holds the top position in the global market for liquid biopsy because it benefits from cutting-edge healthcare infrastructure and strong investments in precision medicine programs, combined with widespread cancer cases. The area experiences market expansion because healthcare facilities use non-invasive diagnostic methods and apply artificial intelligence (AI) and next-generation sequencing (NGS) technologies in the diagnosis of cancer. The U.S. maintains control over the largest market segment alongside Canada, where significant advancements in liquid biopsy procedures have been observed.
U.S. Dominates the North American Liquid Biopsy Market
The U.S. liquid biopsy industry shows fast development because of higher cancer rates combined with general medical practices moving towards patient-specific treatments and favorable regulatory approvals. Multi-cancer screening tests, along with other innovations for early cancer detection, have started gaining wider acceptance. The market experiences additional support through research and development investments from biotech firms, together with their healthcare institutions, working to improve diagnostic accuracy while enhancing accessibility of tests.
Liquid Biopsy Market Industry Competitive Landscape
The Liquid Biopsy market is competitive, with several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.
Some of the major players operating in the market are Roche Diagnostics, Biocept, Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Bio-Rad Laboratories, Inc., Menarini-Silicon Biosystems, Illumina, Inc., MDXhealth SA, Genomic Health, Inc. (Exact Sciences Corp.), Guardant Health Inc.
Recent Developments in the Liquid Biopsy Market
In February 2024, Myriad Genetics, Inc. (US) entered into a definitive agreement to acquire select assets from Intermountain Health. These included assets from its Intermountain Precision Genomics (IPG) laboratory business, including the Precise Tumor Test, the Precise Liquid Test, and IPG’s CLIA-certified laboratory.
In January 2024, Natera, Inc. (US) acquired certain assets relating to non-invasive prenatal and carrier screening business from Invitae (US).
Report Attribute | Details |
Base year | 2024 |
Forecast period | 2025-2033 |
Growth momentum | Accelerate at a CAGR of 13.5% |
Market size 2024 | USD 8.1 Billion |
Regional analysis | APAC, Europe, Asia-Pacific, Rest of the World |
Major contributing region | North America is expected to grow at the highest CAGR during the forecasted period. |
Key countries covered | U.S., Canada, Germany, France, UK, Spain, Italy, China, Japan, and India |
Roche Diagnostics, Biocept, Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Bio-Rad Laboratories, Inc., Menarini-Silicon Biosystems, Illumina, Inc., MDXhealth SA, Genomic Health, Inc. (Exact Sciences Corp.), Guardant Health Inc. | |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Type, By Circulating Biomarkers, By Product, By End-User, By Region/Country |
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at a glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional-level analysis of the industry.
The global liquid biopsy market can be customized further as per the requirements or any other market segment. Besides this, UnivDatos understands that you may have your own business needs; hence, feel free to contact us to get a report that completely suits your requirements.
We analyzed the historical market, estimated the current market, and forecasted the future market of the global Liquid Biopsy Market to assess its application in major regions worldwide. We conducted exhaustive secondary research to gather historical market data and estimate the current market size. To validate these insights, we carefully reviewed numerous findings and assumptions. Additionally, we conducted in-depth primary interviews with industry experts across the Liquid Biopsy Market value chain. After validating market figures through these interviews, we used top-down and bottom-up approaches to forecast the overall market size. We then employed market breakdown and data triangulation methods to estimate and analyze the market size of industry segments and sub-segments.
We employed data triangulation techniques to finalize the overall market estimation and derive precise statistical numbers for each segment and sub-segment of the global Liquid Biopsy Market. We split the data into several segments and sub-segments by analyzing various parameters and trends, including type, circulating biomarkers, product, end-user, and regions within the global Liquid Biopsy Market.
The study identifies current and future trends in the global liquid biopsy market, providing strategic insights for investors. It highlights regional market attractiveness, enabling industry participants to tap into untapped markets and gain a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the liquid biopsy market's current size and growth potential?
As of 2024, the global liquid biopsy market is valued at approximately USD 8.1 billion and is projected to grow at a CAGR of 13.5% through 2033.
Q2: What are the driving factors for the growth of the liquid biopsy market?
Patients and clinicians prefer liquid biopsy over traditional tissue biopsy due to its minimal invasiveness, faster results, and ability to monitor tumors in real time.
Q3: Which market has the largest share of the Liquid Biopsy market by type?
The lung category dominates the global Liquid Biopsy market by type segment.
Q4: What are the major trends in the Liquid Biopsy market?
Liquid biopsies are increasingly being used to guide personalized treatment decisions, using genetic information from ctDNA and CTCs to tailor therapies.
Q5: Which region will dominate the Liquid Biopsy market?
The North America region currently dominates the global Liquid Biopsy market.
Q6: What are the biggest challenges in the Liquid Biopsy market?
Despite its promise, many liquid biopsy tests face hurdles in regulatory approval and widespread clinical adoption due to varying accuracy and limited standardized protocols.
Q7: Who are the Top players in the global liquid biopsy market?
The leading companies driving innovation in the Liquid Biopsy market include:
• Roche Diagnostics
• Biocept, Inc.
• Thermo Fisher Scientific Inc.
• Qiagen N.V.
• Bio-Rad Laboratories, Inc.
• Menarini-Silicon Biosystems
• Illumina, Inc.
• MDXhealth SA
• Genomic Health, Inc. (Exact Sciences Corp.)
• Guardant Health Inc.
Q8: How is the adoption of liquid biopsy impacting the early detection and monitoring of cancer compared to traditional biopsy methods?
Liquid biopsy offers a less invasive, faster, and safer alternative to traditional tissue biopsies. It allows for early cancer detection, real-time monitoring of treatment response, and detection of minimal residual disease. Unlike traditional methods, it can be repeated easily, enabling ongoing surveillance without discomfort or risk to the patient.
Q9: What are the major technological advancements driving innovation in the global liquid biopsy market?
Key advancements include next-generation sequencing (NGS), droplet digital PCR (ddPCR), and AI-powered data analytics. These technologies enhance the sensitivity and accuracy of detecting cancer-related biomarkers such as ctDNA and CTCs, leading to more precise diagnostics and personalized treatment strategies.
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