The global Cancer Biopsy Market was valued at USD 28.12 billion in 2023 and is projected to reach USD 85.03 billion by 2032, growing at a compound annual growth rate (CAGR) of 13.0% over the forecast period from 2024 to 2032. The increasing prevalence of cancer, coupled with advancements in liquid biopsy and molecular diagnostic technologies, is expected to drive substantial growth in the cancer biopsy market.
Market Overview
Biopsies are critical diagnostic tools in the detection and management of cancer. Traditional tissue biopsies have long been the gold standard for diagnosing various types of cancer. However, the recent introduction of liquid biopsies has revolutionized cancer detection, offering a less invasive, faster, and more precise alternative. These technologies allow for the detection of cancer-related biomarkers in the blood, making it possible to diagnose and monitor cancer at earlier stages and with greater accuracy.
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Key Market Drivers
Rising Prevalence of Cancer: The growing global incidence of cancer is one of the key factors driving the demand for effective diagnostic tools such as biopsies. Early and accurate cancer diagnosis is crucial for determining the appropriate treatment, and biopsies remain a cornerstone in cancer diagnostics.
Advancements in Liquid Biopsy Technologies: The development of liquid biopsy technologies, which enable the detection of cancer-related mutations and circulating tumor DNA (ctDNA) through a simple blood test, is significantly boosting market growth. These less invasive procedures reduce the risks and discomfort associated with traditional biopsies, making them a preferred option for both patients and healthcare providers.
Increasing Adoption of Molecular Diagnostics: The rising use of molecular diagnostics in oncology for personalized medicine is contributing to the growth of the cancer biopsy market. By identifying specific genetic mutations and biomarkers, molecular diagnostic techniques enable more targeted cancer therapies, improving patient outcomes.
Growing Focus on Early Cancer Detection: Early detection of cancer increases the chances of successful treatment, and there is a growing emphasis on developing technologies that can diagnose cancer at its earliest stages. Biopsy technologies, including liquid biopsies, are playing an increasingly important role in early cancer detection and personalized treatment planning.
Key Segmentation
By Product
Instrument
Kits and Consumables
Services
By Type
Tissue Biopsies
Needle Biopsies
Surgical Biopsies
Liquid Biopsies
Fine Needle Aspiration (FNA)
Core Needle Biopsy (CNB)
Others
By Application
Breast Cancer
Colorectal Cancer
Cervical Cancers
Lung Cancers
Prostate Cancers
Skin Cancers
Blood Cancers
Kidney Cancers
Liver Cancers
Pancreatic Cancers
Ovarian Cancers
Others
Key Players
QIAGEN
Illumina, Inc.
ANGLE plc
Hologic, Inc.
Biocept, Inc.
BD (Becton, Dickinson, and Company)
Myriad Genetics, Inc.
Thermo Fisher Scientific, Inc.
Genesystems, Inc. (Genesys Biolabs)
Danaher
F. Hoffmann-La Roche Ltd.
Lucence Health Inc.
GRAIL, Inc.
Natera, Inc.
Personalis Inc.
Guardant Health Inc.
Exact Sciences Corporation
Oncimmune
Epigenomics AG
HelioHealth (Laboratory for Advanced Medicine)
Freenome Holdings, Inc.
Biodesix (Integrated Diagnostics)
Chronix Biomedical, Inc.
Personal Genome Diagnostics Inc. and others.
Conclusion
The cancer biopsy market is expected to experience robust growth over the forecast period, driven by the rising prevalence of cancer, advancements in biopsy technologies, and the increasing adoption of liquid biopsies. As the demand for early and accurate cancer diagnosis continues to grow, the market offers significant opportunities for key players in the field
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Table of Content:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Cancer Biopsy Market Segmentation, by Product
8. Cancer Biopsy Market Segmentation, by Type
9. Cancer Biopsy Market Segmentation, by Application
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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