Circulating tumor cells (CTCs) are a blistering topic of oncological conferences and research due to their tremendous potential in the area of cancer diagnosis as well as treatment. The amount of research that CTCs have been doled with signals the lucrative growth prospects of the CTC diagnostics market, which is likely to surpass the valuation of over US$ 9.5 billion by 2030 – projects a recent study published by Fact.MR.
The study highlights the potential for the CTC enrichment technologies in the area of CTC diagnostics and remains bullish on the profitability of investments made in this space. The potentiality of CTC diagnostics is not limited to diagnosing the presence of a tumor, but it also goes beyond that to help in finding the core information about that tumor. In the coming years, the significance of CTC diagnostics in cancer therapies and treatment is expected to remain substantial and the market will witness astonishing growth in the coming decade, opines the Fact.MR study.
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CTC Diagnostics Market: Segmentation
The study offers a detailed estimation and outlook of the CTC diagnostics market based on the product, technology, application, sample type, and region.
| Product | Devices & SystemsKits & ReagentsOther Consumables |
| Technology | CTC Enrichment MethodsCTC Detection MethodsCTC Analysis |
| Application | Cancer Stem Cell ResearchEMT Biomarkers DevelopmentTumorigenesis ResearchOthers |
| Sample Type | BloodBone MarrowOthers |
| Region | North AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMiddle East and Africa |
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What are the Key Strategies of Circulating Tumor Cells Market Players
Key players in the CTC diagnostics market include
- Qiagen
- Bio-Techne Corporation
- Janssen Diagnostics LLC
- Advanced cell Diagnostics Inc
- ApoCell Inc
- Celltraffix Inc.
- Aviva Biosciences
- Biocept Inc
- Clearbridge Biomedics
- Fluxion Biosciences
- IVDiagnostics
- Stemcell Technologies Inc
- Stemcell Technologies Inc.
- Sysmex Corporation. Leading
Leading market players are increasing their focus on research and development as innovation remains an integral part of their business strategy to gain an edge in this landscape.
Key Takeaways from CTC Diagnostics Market Report
- The CTC diagnostics market has surpassed the mark of US$ 6 billion, as it reached the valuation of US$ 6.3 billion in 2020. The primary factor to drive the market remains the ongoing research in the field of cancer diagnostics and alarmingly increasing number of cancer deaths around the world.
- The market is expected to witness exponential growth in the coming decade as the projected CAGR is likely to exceed beyond 17% during the forecast period of 2020 to 2030.
- The adoption of CTC enrichment methods is likely to remain significantly high, as the segment is projected to reach the valuation of over US$ 9.5 billion by the end of the assessment period.
- The North American market for CTC diagnostics is expected to lead the regional category with a valuation of over US$ 2 billion in 2020. With the ongoing cancer research in the region and growing presence of market leaders, the regional market is expected to secure one-third revenue share in the global space.
- Patients’ inclination towards non-invasive diagnostics tests and prognostic tools for predicting or detecting the risks of cancer is one of the driving forces for the growth of the market. Manufacturers are also expected to experiment around technologies for detection and analyzing CTCs to improve accuracy and reliability of results.
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Report Benefits & Key Questions Answered
- CTC Diagnostics Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- CTC Diagnostics Historical volume analysis: The report provides a comparison of CTC Diagnostics’s historical sales and projected sales performance for 2021-2031.
- CTC Diagnostics Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the CTC Diagnostics market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- CTC Diagnostics Consumption by demographics: The report investigates consumer behavior affecting CTC Diagnostics demand outlook for the assessment period. Effect of their keenness for digital trends on CTC Diagnostics market is carefully analyzed
- Post COVID consumer spending on CTC Diagnostics: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting CTC Diagnostics market growth.
More Valuable Insights on CTC Diagnostics Market
Fact.MR, in its new report, offers an unbiased Market Analysis of CTC Diagnostics, Sales and Demand of CTC Diagnostics, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
For More Insight- https://www.factmr.com/article/124/latest-trends-in-the-healthcare-industry-how-has-it-transformed-businesses
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