Cancer Biopsy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2029
Cancer Biopsy Market: Overview
Biopsies have remarkably advanced the molecular medicine in general and oncology in particular. Technological strides in the devices used for biopsies have considerably improved the molecular characterization of cancers. They have been used popularly to diagnose the malignancy, identify the histology of the tumor, and also in staging of cancer. The expanding vistas of molecular medicine paved the way to the development of new devices. A notable case in point is image-guided percutaneous biopsies used in lung cancer. The growing assays of molecular assays is key to evolution of cancer biopsy market. In clinical trials, biopsies are used to determine response rates of drugs, notably for patients receiving epidermal growth factor receptor (EGFR) therapies. Growing number of clinical trials in biomarker studies has helped in the evolution of the cancer biopsy market.
Cancer Biopsy Market: Key Trends
An emerging technology is fine needle aspiration biopsies, which is increasingly being incorporated in different types of cancer notably including breast cancer, lung cancer, colorectal cancer, blood cancer, and thyroid cancer. The growing popularity of multi-parametric magnetic resonance (MR) imaging-based biopsies is due to the benefits they offer. The growing role of image-guided needle biopsies in precision medicine is a key trend boosting the market. The circulating tumor cells (CTCs) have high diagnostic potential in cancer.
Another emerging paradigm is liquid biopsy of cancer. The minimally invasive nature of extraction of circulating tumor cells (CTCs) has made it a popular investigative tool in lung cancer, particularly in patients with lung adenocarcinoma. However, their isolation poses challenges to radiologists. Advancing techniques in next-generation sequencing are boosting the growth of the market.
Cancer Biopsy Market: Competitive Assessment
Over the years, clinicians have successfully used molecular biomarkers in prognosis of various cancer types. The demand for interventional oncology procedures has also gathered pace on the back of advances made in image-guidance technologies. Companies pioneering in bioinformatics are increasing their stakes in the cancer biopsy market. They are launching advanced bioinformatics platforms to make data analytics more useful for clinician and patients in oncology. Meanwhile, growing focus on Human Genome Project on understanding personalized patterns of tumor also bodes well for the market.
A growing body of multidimensional research on the role of biopsies in molecular medicine will expand the avenue for aspiring players in the cancer biopsy market. Some of the key players in the cancer biopsy market are Chronix Biomedical, Inc., Epigenomics AG, Freenome Holdings, Inc., Guardant Health, Lucence Diagnostics Pte. Ltd., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific, Inc., Biocept, Inc., Hologic, Inc., Myriad Genetics, and ANGLE Plc.
Cancer Biopsy Market: Regional Assessment
On the regional front, North America has been offering some incredible opportunities for industry players and other stakeholders. A large chunk of the revenues in recent years came from the U.S. A favorable framework engendered by the regulatory agencies of the region also has encouraged the spirit of innovations for biotech companies in the cancer biopsy market. The regional market has also received growth impetus from the strides made by precision medicine in oncology. Extensive demand for biopsies in interventional oncology procedures has also fueled revenue generation in the overall market.
On the other hand, Asia Pacific is emerging at rapid pace. Its growth has been continuously expanding from the growth awareness about the morbidity of cancer. The prevalence of breast cancer has also fueled the demand for biopsies, and a favorable reimbursement and payers’ networks are trend boosting the growth potential of the region in the global cancer biopsy market.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report