Liquid Biopsy Market Trends

Liquid Biopsy Market Trends

Increasing preference for non-invasive technologies in disease diagnosis is poised to positively impact the adoption of liquid biopsy. Significant rise in the number of patients suffering from various cancers will create the substantial need for accurate diagnostic methods. Furthermore, growing number of ongoing clinical trials for the development of innovative solutions will accelerate the market expansion. Moreover, several advantages associated with liquid biopsy such as less invasive nature, improved precision and post-treatment monitoring will stimulate the industry demand.
 

The COVID-19 pandemic has moderately impacted the related product sales due to the disruption in healthcare services. The companies witnessed modest decline in the sales of reagents and kits in some countries. However, continued demand for instruments has reduced the intensity of negative impact. Additionally, with decline in number of COVID-19 cases, the sales of reagents are expected to grow at pre-pandemic pace.