Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.22 Billion | USD 79.78 Billion | 35.4% | 2023 |
According to a report from Zion Market Research, the global Cancer Biopsy Market was valued at USD 5.22 Billion in 2023 and is projected to hit USD 79.78 Billion by 2032, with a compound annual growth rate (CAGR) of 35.4% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Cancer Biopsy Market industry over the next decade.
The report offers assessment and analysis of the cancer biopsy market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
A biopsy is the most commonly utilized clinical tests in which tissue samples are gathered and examined for determining whether the lump of cell tissues are hazardous or not. In cancer biopsy, physician removes small sample of tissues from easily accessible parts of human body or internal body parts and sends it to lab for examining them under microscope. Furthermore, tissue samples are also removed in outpatient settings for determining whether the tissues are cancer cells or not. In addition to this, common cancer biopsies include cervical, breast, skin, and prostate gland biopsies. In addition to this, sample of tissues can be derived from stomach, liver, muscles, and thyroid.
Moreover, when physician feels something unusual at time of physical examining of patient, the doctor can perform biopsy. Apparently, biopsies can be necessary for clarifying whether imaging methods like x-rays & ultrasound techniques demonstrate abnormal tissue areas.
Massive application of liquid biopsy and breakthroughs in biopsy methods are slated to steer expansion of cancer biopsy market over forthcoming years. In addition to this, minimal invasive nature of deriving circulating tumor cells has made biopsy as most popular tool in detecting various kinds of cancer in patients. Apparently, introduction of new techniques such as next-generation sequencing will embellish industry space in upcoming years. Furthermore, a prominent role played by image-driven needle biopsies in domain of precision medicine will proliferate size of cancer biopsy market over ensuing years.
Moreover, surging molecular assays is key to expansion of cancer biopsy industry. Additionally, in clinical studies, biopsies are also utilized for identifying drug response rate for patients receiving epidermal growth factor receptor treatments. This will further drive market trends. Apart from this, increase in number of medical trials in biomarker research activities will expand cancer biopsy market size.
Report Attributes | Report Details |
---|---|
Report Name | Cancer Biopsy Market |
Market Size in 2023 | USD 5.22 Billion |
Market Forecast in 2032 | USD 79.78 Billion |
Growth Rate | CAGR of 35.4% |
Number of Pages | 150 |
Key Companies Covered | Qiagen N.V., Hologic, Inc., Illumina, Inc., Biocept, Inc., ANGLE Plc, Danaher Corporation, Roche Holding AG, GRAIL, Inc., Freenome Holdings, Inc., Lucence Diagnostics Private Limited, Epigenomics AG, HelioHealth, Genesystems, Inc., Natera, Inc., Chronix Biomedical , Inc., Personal Genome Diagnostics Inc., Personalis Inc., and Biodesix. |
Segments Covered | By Type, By Product, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Make Notable Contributions Towards Overall Market Size By 2028
The expansion of cancer biopsy industry in North America during assessment period is owing to prominent surge in number of diagnostic kit manufacturers & distributors in the sub-continent. Rise in acceptance of liquid biopsies in the U.S. will create lucrative growth avenues for cancer biopsy industry in North America during assessment period.
Key players profiled in report and leveraging market growth are
FrequentlyAsked Questions
Massive application of liquid biopsy and breakthroughs in biopsy methods are slated to steer expansion of cancer biopsy market over forthcoming years. In addition to this, minimal invasive nature of deriving circulating tumor cells has made biopsy as most popular tool in detecting various kinds of cancer in patients. Apparently, introduction of new techniques such as next-generation sequencing will embellish industry space in upcoming years. Furthermore, a prominent role played by image-driven needle biopsies in domain of precision medicine will proliferate size of cancer biopsy market over ensuing years.
Moreover, surging molecular assays is key to expansion of cancer biopsy industry. Additionally, in clinical studies, biopsies are also utilized for identifying drug response rate for patients receiving epidermal growth factor receptor treatments. This will further drive market trends. Apart from this, increase in number of medical trials in biomarker research activities will expand cancer biopsy market size.
According to Zion market research report, the global cancer biopsy market accrued earnings worth approximately USD 5.22 Billion in 2023 and projected to USD 79.78 Billion by 2032, with a CAGR of around 35.4% between 2024-2032.
North America will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to prominent surge in number of diagnostic kit manufacturers & distributors in the sub-continent. Rise in acceptance of liquid biopsies in the U.S. will create lucrative growth avenues for cancer biopsy industry in North America during assessment period.
The key market participants include Qiagen N.V., Hologic, Inc., Illumina, Inc., Biocept, Inc., ANGLE Plc, Danaher Corporation, Roche Holding AG, GRAIL, Inc., Freenome Holdings, Inc., Lucence Diagnostics Private Limited, Epigenomics AG, HelioHealth, Genesystems, Inc., Natera, Inc., Chronix Biomedical , Inc., Personal Genome Diagnostics Inc., Personalis Inc., and Biodesix.
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