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Market Intel: Liquid Biopsy I – Analyzing Market Landmarks And Landmines

 
• By Marion Webb

The worldwide liquid biopsy market is expected to reach $2.0bn by 2022, according to a new report by Meddevicetracker, "Oncology: Liquid Biopsy Products." The growth is driven by the rising global incidence of cancers, which, in turn, fuels innovation among companies to develop noninvasive diagnostic assays that obviate the need for tissue biopsy. This is the first in a two-part series providing an overview of the liquid biopsy market, as well as the technologies developed by the larger players in this space, and examining the biggest barriers and growth drivers. In the second part, we'll take a closer look at emerging companies in the sector and offer key insights from C-level attendees at the recent Liquid Biopsy Conference in San Francisco.

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With millions of people being diagnosed with cancer every year, "personalized medicine" or the ability to quickly evaluate a person's genetic make-up and get a snapshot of unknown and known cancer is spurring innovation on all fronts – from established in vitro diagnostics giants such as Roche and privately-held emerging players such as Grail Inc.

The field of liquid biopsy is one of the hottest sectors in IVD today. These diagnostic tests use a simple liquid sample - be it blood urine or other biological fluids - to obtain information to detect early-stage cancer and monitor recurrence without the need to perform invasive tissue biopsy, as well as allow doctors to make better treatment decisions tailored specifically to that cancer patient

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