Showing posts with label Liquid Biopsy. Show all posts
Showing posts with label Liquid Biopsy. Show all posts

Tuesday, 1 November 2022

Rising Cancer Prevalence Leads to Significant Growth in the Liquid Biopsy Market

 One of the most important steps in treating or containing the disease is a timely and accurate diagnosis. The best chance of curing a disease is an early diagnosis, particularly in cases of cancer. The more advanced the cancer stage, the more painful the treatment will be, and the less likely the patient will survive. An early cancer diagnosis is essential for controlling the disease's progression and developing a successful treatment plan.



Cancer symptoms like fatigue, excruciating pain, swollen bumps, etc. typically show up in the later stages of the disease, when it has reached a dangerous stage. Therefore, doctors frequently advise routine cancer screenings, even for people who appear to be in good health.

Diagnosis is a distinct process from screening. It is used to hypothetically identify an undiagnosed disease in a population that appears healthy and asymptomatic using tests, examinations, or other techniques that are simple to use on the target population. A screening procedure includes the entire process, from inviting the target population to ensuring that those who are diagnosed with the disease can access effective treatment.

People are more susceptible to chronic diseases like cancer today because of the toxic environment and poor lifestyle choices. Therefore, the most effective defence against cancer is early diagnosis, prevention, and precaution.

The healthcare sector has benefited greatly from technological development. It has prompted the creation of more effective instruments and methods, significantly raising cancer patients' survival rates as a result.

Liquid biopsy is a non-invasive medical procedure that holds the ability to detect the presence of molecular cancer biomarkers in biological fluids. In this procedure, any non-tissue specimen, particularly body fluids such as blood, urine, stool, saliva, pleural fluid, and cerebral spinal fluid, is used to assess for tumors in the body. Several analytes, such as circulating tumor cells (CTCs), proteins, and circulating tumor DNAs (ctDNA), in the fluid are used to detect the tumor cell.

This procedure can eliminate the need for more expensive, invasive, and painful tumor tissue biopsies to enable dynamic tumor monitoring. Blood is the most common fluid used in liquid biopsy procedures for various types of cancers, while in the case of bladder tumors, urine is the best liquid biopsy component. Urine divided into two compartments can be useful for biomarker detection: supernatant and pellet. Supernatant biomarker consists of partially fragmented cell-free tumor nucleic acids and some other tumor-derived materials, while the pellet primarily consists of exfoliated normal and cancer cells, as well as immune cells, debris, and possible bacteria.

The liquid biopsy technique also plays a critical role in the precision medicine approach, as it confirms the safe and effective application of targeted therapeutics. It helps physicians to analyze tumor-related information through a simple blood test. Liquid biopsy can be used as a better alternative for treatment and recurrence monitoring as it overcomes invasive biopsy challenges of taking a tumor sample again and again during the treatment.

Owing to the increasing burden of cancer cases and increasing adoption of advanced technologies such as next-generation sequencing (NGS) and personalized medicine is leading to significant growth in the liquid biopsy market.

According to the BIS Research report, the global liquid biopsy market is projected to reach $19,066 million by 2032 from $2.58 billion in 2021 at a CAGR of 19.83% during the forecast period 2022-2032.

To get a free sample of the report, click here.

To combat the growing health crisis and cancer burden, self-awareness and preemptive checkups are crucial. Thankfully, a number of technological developments are proving to be very helpful in managing such chronic diseases. Future developments in diagnostic and therapeutic techniques are anticipated to revolutionize the healthcare industry.

Are you curious to learn more about the developing technologies in your industry's niche? Obtain the most recent market research and analysis from BIS Research. To learn more, get in touch with us at hello@bisresearch.com


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ABOUT BIS HEALTHCARE

 BIS healthcare vertical offers intelligence in the healthcare technology market for precision medicine, robotics and imaging, life sciences and biopharma, medical devices, digital health, and other emerging healthcare technologies, covering the entire industry spectrum. In the past eight years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating ‘Top 25 Voices’ in precision medicine on its InsightMonk platform for the past two years successfully.





Friday, 21 October 2022

Liquid Biopsy Creating New Opportunities for Cancer Diagnostics

 Liquid biopsy is gaining popularity in healthcare and medical research because it provides an efficient and non-invasive means of detecting and diagnosing cancer. This field is always revealing new opportunities in the healthcare system. Liquid biopsy is a non-invasive medical procedure which holds the ability to detect the presence of molecular cancer biomarkers in biological fluids. The report includes market estimation for tests/services, instruments, kits and consumables used for liquid biopsies of different oncology and non-oncology disorders. 


A liquid biopsy enables physicians to assess tumor-related data using a simple blood test. As researchers generate data that has the potential to lead to unparalleled biological insight, the complexity of data analysis is increasing. One of the significant prospects in the global liquid biopsy market is increased investment in R&D of liquid biopsy goods and services, as well as various research funding's.

Acknowledging the rapidly growing popularity of liquid biopsy in the healthcare market, BIS Healthcare has compiled a report titled Liquid Biopsy Market - A Global and Regional Analysis According to the market research report, The global liquid biopsy market was estimated to be at $2,508.2 million in 2021, which is expected to grow with a CAGR of 19.83% and reach $19,066.0 million by 2032. The growth in the global liquid biopsy market is expected to be driven by increasing adoption of NGS in various research fields, advancement in NGS, and increase in the adoption of personalized medicine. The countries such as China, Japan, India, Australia, and South Africa possess population with high risk of developing mutations in high numbers and offer a great opportunity for the expansion of the liquid biopsy market.

The factors propelling the growth of the liquid biopsy market are the rising prevalence of cancers coupled with the increasing NCI budget allocation and the growing adoption of inorganic growth strategies among key players in the market. Moreover, factors hindering the market growth are uncertain reimbursement and regulatory policies, false negatives and positives, and existing diagnostic confidence in standard tumor biopsies.


Recent Developments in the Global Liquid Biopsy Market

•    Product Launch in 2020: Sysmex Corporation launched liquid biopsy RUO kits in EMEA region. The kits name is Plasma-SeqSensei, and it is used for non-small cell lung cancer (NSCLC), melanoma, and thyroid cancer.
•    Partnership: In 2021, Illumina, Inc. collaborated with Bristol Myers Squibb to innovate and enhance companion diagnostics for therapy selection to further precision oncology. TSO 500 ctDNA is one of the first liquid biopsy assays to enable comprehensive genomic profiling for therapy selection.
•    Collaboration: In 2021, QIAGEN collaborated with Sysmex Corporation for the development and commercialization of cancer companion diagnostics using NGS and Plasma-Safe-SeqS technology.

During COVID-19, the government enacted a number of restrictions, including travel bans, quarantines, curfews, business closures, and closures. As a result, the price of services associated to COVID-19 rose. The COVID-19 epidemic has caused a number of problems, including production problems, shipping problems, incorrect demand predictions, and operational difficulties.

Additionally, because COVID-19 decreased the effectiveness of employees' work potential, it had an effect on their health and safety. However, as a result of the pandemic's increased demand for testing services, the COVID-19 market expanded. Overall, COVID-19 has had a low-moderate impact on market size. A modest reduction in sales has been noticed by some market participants.


The financial situation is already improving, though. The earliest COVID-19 pandemic phases, which included complete lockdowns across nations and large cities, disrupted the supply chain and led to the drop in earnings. For the majority of the world's major markets, the effect period ran from the end of the first quarter to the second quarter of 2020. However, the pandemic has significantly improved the potential prospects for liquid biopsy and is anticipated to indirectly help improve the outlook for market growth.

North America is the leading contributor in the global liquid biopsy market. It contributed approximately 54.17% to the North American market value in 2021. This region is anticipated to grow at a CAGR of 19.22% during the forecast period 2022-2032 and will continue dominating the market in 2032.

The prominent players in this market are Bio-Rad Laboratories, Inc., F-Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Illumina, Inc., QIAGEN, Laboratory Corporation of America Holdings, Natera, Inc., Guardant Health, Biocept, Inc., Eurofins Scientific, NeoGenomics Laboratories, Sysmex Corporation, and PerkinElmer Inc., Elypta, Micronoma, Dxcover Limited, LungLife AI, Inc., Epic Sciences, Abcodia Ltd., and Bioscience Institute S.p.A.


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ABOUT BIS HEALTHCARE

 BIS healthcare vertical offers intelligence in the healthcare technology market for precision medicine, robotics and imaging, life sciences and biopharma, medical devices, digital health, and other emerging healthcare technologies, covering the entire industry spectrum. In the past eight years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating ‘Top 25 Voices’ in precision medicine on its InsightMonk platform for the past two years successfully.




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