New Jersey, NJ, July 30, 2019 (GLOBE NEWSWIRE) -- Fior Markets launched a study titled, "Global Breast Cancer Liquid Biopsy Market by Circulating Biomarkers (Circulating Tumor Cells, Cell-free DNA, others), End User, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025". As per the report, the global breast cancer liquid biopsy market is expected to grow from USD 147.07 Million in 2017 to USD 879.41 Million by 2025 at a CAGR of 25.37% during the forecast period from 2018-2025. Monitoring and therapy selection of metastatic breast cancers and rising applications of liquid biopsy owing to its advantages over conventional biopsy is expected to boost growth of the breast cancer liquid biopsy market.
Market Outlook of the Breast Cancer Liquid Biopsy
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Circulating Biomarker Segment Analysis of the Breast Cancer Liquid Biopsy Market
The cfDNA segment is dominating the global breast cancer liquid biopsy market and is expected to grow with the highest CAGR of 27.01% in the forecast period. Due to its occurrence in other body fluids along with the blood of cancer patients and the real-time results obtained by the analysis of cfDNA are the major factors contributing to the growth of cfDNA in the breast cancer liquid biopsy market. The use of the various pre-existing methods for blood purification and sampling has further driven the market growth.
End User Segment Analysis of the Breast Cancer Liquid Biopsy Market
Reference laboratories segment held the largest market share in global breast cancer liquid biopsy market and was valued around USD 60.27 million in 2017. Availability of advanced genetic testing equipment has increased volume of liquid biopsy test samples to reference laboratories. Furthermore, the increasing prevalence of metastatic cancer across the world and implications of commercialization of liquid biopsies is anticipated to increase the market share of the reference laboratories segment during the forecast period.
Region Segment Analysis of the Breast Cancer Liquid Biopsy Market
North America region is dominating the global breast cancer liquid biopsy market with USD 69.09 Million in 2017 where as Asia Pacific is expected to register the highest CAGR in the assessment period. North America is dominating the market owing to easy accessibility and high adoption of PCR and NGS among healthcare professionals and the increasing incidence of breast cancer are driving the demand in the region. Asia pacific is anticipated to witness the highest growth in the forecast period. Infrastructural developments, rising penetration of cutting-edge diagnostic technologies and the growing focus of global life science companies in this region are propelling the growth in the region.
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Competitive landscape and key vendors
About the report:
The global breast cancer liquid biopsy market is analysed on the basis of value (USD Million). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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