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The liquid biopsy market is prognosticated to observe considerable growth opportunities during the forecast period of 2018-2026. The growing prevalence of cancer cases is expected to bring prominent growth prospects for the global market.

The rising cancer cases and the growing popularity of liquid biopsy in the field of oncology will bring immense growth opportunities for the liquid biopsy market. The expanding demand for minimally invasive procedures will also invite exponential growth for the liquid biopsy market.

Cancer is one of the leading causes of death around the world. The growing prevalence of cancer among a considerable chunk of the global populace will invite exponential growth for the liquid biopsy market. Furthermore, technological advancements will also serve as vital growth contributors for the liquid biopsy market.

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The investment opportunities across the liquid biopsy market are rising at a rapid rate due to its growing prominence as an early cancer detection method. Numerous investor firms and conglomerates are investing in the liquid biopsy market due to the indication of bright prospects in the near future. These factors will increase the R&D activities in the liquid biopsy market.

R&D activities form an important part of the liquid biopsy market growth structure. The players in the liquid biopsy market are involved in these activities for exploring new formulations and discovering insights. These factors help in increasing the revenues, eventually propelling the growth rate of the liquid biopsy market.

Strategic collaborations play a pivotal role in the overall growth cycle of the liquid biopsy market. The players strengthen their influence across the liquid biopsy market through these activities. Furthermore, these activities also help in the expansion of the players across different regions. Thus, activities like strategic collaborations and research and development activities add value to the growth trajectory of the liquid biopsy market.

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Transparency Market Research’s (TMR’s) report on the liquid biopsy market has every component that will assist the stakeholder in understanding the current scenario. The overall market research survey on liquid biopsy by TMR suggests a stable growth period.

According to the TMR experts, the market for liquid biopsy is prognosticated to expand at 10.1% CAGR during the forecast period of 2018-2026. In the context of valuation, the liquid biopsy market is estimated to reach a valuation of US$ 9071.7 Mn by 2026. The liquid biopsy market stood at US$ 3,883.2 Mn in 2017.

Growing Cancer Prevalence to Boost Growth Opportunities

The prevalence of cancer is increasing at a rapid rate over the years. Cancer is one of the leading causes of death around the world. The World Health Organization (WHO) statistics reveal that cancer accounted for nearly 10 Mn deaths in 2020 across the globe. Many cases go undetected at an earlier stage which later snowballs into a larger problem. Hence, early detection is of great importance. Due to the rising fatality rate of cancer, many people are opting for early diagnosis even at the slightest notice of any symptom related to cancer. Thus, these factors will help in the growth of the liquid biopsy market.

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Asia Pacific to Serve as Prominent Growth-Contributing Region

While North America and Europe accounted for a major regional growth share in 2017, Asia Pacific is estimated to emerge as a champion regional growth contributor during the forecast period of 2018-2026. The growing focus on improving healthcare facilities across densely populated countries like India and China will have a profound impact on the growth trajectory. Furthermore, the cancer cases in China and India are increasing, which will also serve as a good growth contributor.

Some key players in the liquid biopsy market are Myriad Genetics, Inc., Thermo Fisher Scientific Inc., Bio-Rad Laboratories, and Illumina, Inc.

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