Global Liquid Biopsy Market to Grow at a CAGR of 18% Through 2033, Fueled by Next-Generation Sequencing Advancements

The global liquid biopsy market size is estimated at US$ 4.72 billion in 2023 and is forecasted to expand rapidly at a CAGR of 18% to reach a valuation of US$ 24.70 billion by 2033, according to a newly released market study of liquid biopsy by Fact.MR, a market research and competitive intelligence provider. This growth is driven by the increasing demand for non-invasive cancer diagnostics, advancements in next-generation sequencing (NGS) technologies, and the rising prevalence of cancers worldwide. Liquid biopsies, which analyze circulating tumor DNA (ctDNA), RNA, and other biomarkers in blood or fluids, offer real-time insights into tumor dynamics, enabling early detection, therapy selection, and monitoring without the risks of traditional tissue biopsies.

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The market's expansion reflects the shift toward precision medicine, supported by regulatory approvals and collaborations between biotech firms and healthcare providers, positioning liquid biopsy as a transformative tool in oncology.

Market Segmentation and Trends:

The liquid biopsy market is segmented by offering, sample, biomarker, technology, application, and region, providing a comprehensive view of its dynamics. Offerings include assay kits, instruments, and software & services, with assay kits leading due to their role in standardized testing. Samples encompass blood, urine, saliva, and others, with blood dominating for its accessibility to ctDNA. Biomarkers include circulating tumor cells (CTCs), ctDNA, extracellular vesicles, and circulating tumor RNA, with ctDNA gaining traction for mutation detection. Technologies comprise NGS, PCR, and others, with NGS projected to grow at 19% CAGR for its high sensitivity.

Applications span routine screening, patient work-up, therapy selection, and treatment & recurrence monitoring, with therapy selection expanding rapidly for personalized medicine. Regionally, North America holds the largest share, while Asia Pacific is the fastest-growing at over 20% CAGR. Trends include the integration of AI for data analysis, multi-omics approaches, and the development of ultra-sensitive assays for early-stage cancer detection.

Driving Factors Behind Market Growth:

The liquid biopsy market is propelled by several key factors. The global cancer burden, with 20 million new cases in 2022 and projected 35 million by 2050, drives demand for non-invasive diagnostics. Liquid biopsies enable early detection and monitoring, reducing mortality through timely interventions. Advancements in NGS and PCR technologies offer high sensitivity for low-abundance biomarkers, facilitating precision oncology. The shift toward minimally invasive procedures minimizes patient discomfort and risks, boosting adoption in screening programs. Regulatory approvals, like FDA's for Guardant's Shield test in 2024, validate clinical utility.

Rising investments in biotech R&D, coupled with collaborations for companion diagnostics, accelerate innovation. The aging population and lifestyle factors increasing cancer incidence further fuel growth. Additionally, the cost-effectiveness of liquid biopsies compared to tissue biopsies supports their integration into healthcare systems, addressing accessibility in underserved regions.

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Recent Developments and Key Players:

The liquid biopsy market is witnessing rapid advancements, with key players focusing on sensitivity improvements and multi-cancer detection. In May 2025, Guardant Health and Pfizer collaborated to advance the Guardant Infinity platform for therapy development using smart liquid biopsy technology. At ASCO 2025, research highlighted liquid biopsy's role in switching to camizestrant for breast cancer recurrence, improving outcomes.

In April 2025, ASCO publications discussed ctDNA approaches for cancer characterization and residual disease detection. A 2025 PubMed review, "Cancer in a drop," summarized LB advances in solid tumors, noting doubled publications since 2020. In August 2025, studies improved ctDNA sensitivity for melanoma liquid biopsy.

Prominent players include Guardant Health, Natera, Exact Sciences Corporation, Illumina, Inc., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., and QIAGEN N.V. Competitor analysis reveals a focus on NGS-based platforms and AI integrations. Guardant leads with multi-cancer tests like Shield, while Natera excels in ctDNA monitoring. Roche and Illumina dominate technology, with strategic acquisitions enhancing portfolios. Companies are investing in clinical trials and regulatory approvals to expand applications, targeting precision medicine in oncology.

Regional Insights and Opportunities:

North America dominates the liquid biopsy market, holding over 40% share in 2023, driven by advanced healthcare infrastructure and high cancer prevalence in the United States, supported by FDA approvals and R&D investments. Europe follows, with Germany and the UK benefiting from strong biotech sectors and screening programs. The Asia Pacific region is the fastest-growing at over 20% CAGR, led by China and India, where rising cancer cases and government initiatives for precision medicine fuel demand.

Latin America, particularly Brazil, offers opportunities through expanding oncology care. The Middle East & Africa show potential with improving diagnostics infrastructure. Emerging markets present growth via affordable testing and partnerships for technology transfer, addressing the rising cancer burden in low-resource settings.

Challenges and Future Outlook:

The liquid biopsy market faces challenges, including standardization issues, high costs for NGS-based tests, and limited reimbursement in developing regions. Sensitivity for early-stage detection and regulatory hurdles for new biomarkers also pose obstacles. However, the market's future is promising, with opportunities in AI-driven analysis and multi-omics integrations for comprehensive profiling.

As cancer incidences rise, advancements in ultra-sensitive assays and companion diagnostics will drive innovation. The market is well-positioned for sustained growth, nearly quintupling by 2033 through non-invasive, precise solutions that enhance oncology care.