Allied Market Research

2024

Colorectal Cancer Liquid Biopsy Market

Colorectal Cancer Liquid Biopsy Market Size, Share, Competitive Landscape and Trend Analysis Report by Biomarker Type, by  Products Services and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Diagnostics and Biotech

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Author's: | Roshan Deshmukh
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Colorectal cancer also identified as bowel cancer, rectal cancer, or colon cancer, is any cancer that affects the colon and rectum. Liquid biopsy is a non-invasive alternative to surgical biopsies for the detection of molecular biomarkers. It is carried out to detect cancer at an initial stage. It is also utilized to plan a line of treatment for cancer, find the efficacy of a line of treatment, and detect the recurrence of cancer. Liquid biopsies also help increase capabilities to understand metastatic disease development. A liquid biopsy permits doctors to analyze multiple blood samples over some time, which assists to know the molecular modifications taking place in a tumor.

COVID-19 Impact analysis

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

At the early phase of COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the disease in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups from various countries utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global market. These players achieved edge over other diagnostics players capitalizing the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis.

Owing to such factors, COVID 19 is expected to have a significant impact on the colorectal cancer liquid biopsy market.

Top Impacting Factors

  • Increase in cases of colorectal cancer, and rise in demand for minimally invasive procedure & advanced cancer treatment and procedures are factors that drive the growth of the colorectal cancer liquid biopsy market.
  • In addition, increase in healthcare expenditure; availability of skilled professionals; rise in R&D activities to develop and launch novel therapies in the market; and technological advancements in the field of oncology, are some factors, which boost the market growth for colorectal cancer liquid biopsy.
  • However, recent advances have not yet achieved desired specificity and sensitivity. This may hinder the market growth.
  • Contrarily, growing attention towards liquid biopsy may present new pathways in the industry.

Colorectal Cancer Liquid Biopsy Market Trends

New product launches to flourish the market

In June 2020, Guardant Health presented new data demonstrating that its LUNAR-2 liquid biopsy is a highly sensitive test that can detect early-stage colorectal cancer.

In July 2020, NeoLAB Solid Tumor Liquid Biopsy is designed to test various cancers, including colorectal cancer. The assay is a highly sensitive, specific next-generation sequencing test for genomic profiling.

In October 2020, the FDA approved FoundationOne CDx as a companion diagnostic to detect NTRK fusions in solid tumors like colon and rectal cancer, and identify those who will benefit from the drug VITRAKVI. It can also determine Microsatellite Instability (MSI-H) status, and Tumor Mutational Burden (TMB).

Key Benefits of the Report

  • This study presents the analytical depiction of the colorectal cancer liquid biopsy industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the colorectal cancer liquid biopsy market share.
  • The current market is quantitatively analyzed to highlight the colorectal cancer liquid biopsy market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed colorectal cancer liquid biopsy market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the colorectal cancer liquid biopsy Report

  • Which are the leading players active in the colorectal cancer liquid biopsy market?
  • What are the current trends that will influence the colorectal cancer liquid biopsy market in the next few years?
  • What are the driving factors, restraints, and opportunities of the colorectal cancer liquid biopsy market?
  • What future projections would help in taking further strategic steps?
  • What is "Colorectal cancer liquid biopsy"?
  • What is "Colorectal cancer liquid biopsy" Market prediction in the future?
  • Who are the leading global players in the “Colorectal cancer liquid biopsy" Market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the “Colorectal cancer liquid biopsy" Market report?

Colorectal Cancer Liquid Biopsy Market Report Highlights

Aspects Details
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By Biomarker Type
  • Circulating Tumor Cells
  • Circulating Tumor DNA
  • Extracellular Vesicles
  • Others
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By  Products & Services
  • Kits & Reagents
  • Platforms & Instruments
  • Services
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By End User
  • Diagnostic & Imaging Centers
  • Hospitals
  • Academics & Research Centers
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Myriad Genetics, Biocept, Inc., Bio-Rad Laboratories Inc., Guardant Health, MDX Health SA., F. Hoffmann-La Roche AG, Trovagene Inc., Qiagen, GRAIL, NeoLAB, Guardant Health Inc., Janssen Diagnostics, LLC

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Colorectal Cancer Liquid Biopsy Market

Global Opportunity Analysis and Industry Forecast, 2023-2032