Circulating Tumor Cells Market Size Worth $18.3 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Aug. 19, 2021 /PRNewswire/ -- The global circulating tumor cells market size is expected to reach USD 18.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.7% from 2021 to 2027. Many potential applications of CTCs in pre-diagnosis, pretreatment, and intra- and post-treatment provide lucrative growth opportunities to players involved in the development of CTC enrichment and isolation products Research organizations are engaged in endeavors aimed at developing CTC-based tests to improve cancer diagnosis in terms of efficiency and speed.

Key Insights & Findings:

• The CTC detection and enrichment methods accounted for the largest revenue share owing to the presence of wide availability of products for CTC enrichment and isolation
• Moreover, high penetration in terms of usage of products offered under this segment has driven the segment share
• The growing application of nanomaterials in cancer management is anticipated to drive revenue for direct detection methods in the coming years
• The devices and systems segment dominated the market in terms of revenue share in 2020 over its counterpart segments including kits and reagents and blood collection tubes
• The presence of high-throughput automated systems coupled with the availability of a substantial number of systems to carry out detection of tumor cells has contributed to a large revenue share
• CTC analysis has major applications in research settings, including investigational research, drug developments, and biomarker studies. This has resulted in a segment's large revenue share
• Currently, whole blood specimens are the key source of CTCs, thus accounting for the largest share in 2020
• Low use of bone marrow-derived cells in clinical settings has contributed to a smaller revenue share of this segment
• Other sources include CSF, spinal fluids, urine, and pleural effusion
• Easy availability of biological specimens, such as urine, is likely to accelerate adoption under this segment
• The market is fragmented in nature with the presence of well-established players, along with medium to small-sized players

Read 220 page market research report, "Circulating Tumor Cells Market Size, Share & Trends Analysis Report By Technology, By Application (Clinical, Research), By Product, By Specimen (Bone Marrow, Blood), By Region, And Segment Forecasts, 2021 - 2027'', by Grand View Research

Furthermore, the growing demand for minimally invasive diagnostic procedures is anticipated to propel investments by key stakeholders in this area. CTC-based liquid biopsy tests lead to limited trauma and enable rapid recovery owing to their non-invasive nature. Moreover, it enables minimal invasive screening of tumors before opting for complex surgical procedures, such as radiotherapy, chemotherapy, and surgical removal of tumors, thus positively impacting the adoption.

The limited applicability of these cells in rare cancers has hampered the revenue growth up to a certain extent. For instance, there is negligible evidence for the characterization of CTCs for sarcoma. Conversely, several methods are being investigated for the isolation of these cells, such as methods based on epithelial antigen-targeted antibodies, which are anticipated to help overcome these challenges in the coming years.

Grand View Research has segmented the global circulating tumor cells market on the basis of technology, application, product, specimen, and region:

• CTCs Technology Outlook (Revenue, USD Million, 2018 - 2027)
• CTC Detection & Enrichment Methods
• Immunocapture (Label-based)
• Positive Selection
• Negative Selection
• Size-based Separation (Label-free)
• Membrane-based
• Microfluidic-based
• Density-based Separation (Label-free)
• Combined Methods (Label-free)
• CTC Direct Detection Methods
• SERS
• Microscopy
• Others
• CTC Analysis
• CTCs Application Outlook (Revenue, USD Million, 2018 - 2027)
• Clinical/ Liquid Biopsy
• Risk Assessment
• Screening and Monitoring
• Research
• Cancer Stem Cell & Tumorogenesis Research
• Drug/Therapy Development
• CTCs Product Outlook (Revenue, USD Million, 2018 - 2027)
• Kits & Reagents
• Blood Collection Tubes
• Devices or Systems
• CTCs Specimen Outlook (Revenue, USD Million, 2018 - 2027)
• Blood
• Bone Marrow
• Other Body Fluids
• CTCs Regional Outlook (Revenue, USD Million, 2018 - 2027)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Australia
• Latin America
• Brazil
• Argentina
• Middle East & Africa
• South Africa
• UAE

List of Key Players of Circulating Tumor Cells (CTCs) Market

• QIAGEN
• Bio-Techne Corporation
• Precision for Medicine
• AVIVA Biosciences
• BIOCEPT, Inc.
• BioCEP Ltd.
• Fluxion Biosciences, Inc.
• Greiner Bio One International GmbH
• Ikonisys Inc.
• Miltenyi Biotec
• IVDiagnostics
• BioFluidica
• Canopus Bioscience Ltd.
• Biolidics Limited
• Creativ MicroTech, Inc.
• LungLife AI, Inc.
• Epic Sciences
• Rarecells Diagnostics
• ScreenCell
• Menarini Silicon Biosystems
• LineaRx, Inc. (Vitatex, Inc.)
• Sysmex Corporation
• STEMCELL Technologies, Inc.

Browse through Grand View Research's coverage of the Global Biotechnology Industry:

• Biomarkers Market – The global biomarkers market size was valued at USD 46.3 billion in 2019 and is expected to expand at a CAGR of 13.7% over the forecast period.
• Next Generation Cancer Diagnostics Market – The global next-generation cancer diagnostics market was valued at over USD 4.38 billion in 2015 and is anticipated to experience significant growth over the forecast period.
• Liquid Biopsy Market – The global liquid biopsy market size was valued at USD 23.49 million in 2016. It is projected to expand at a CAGR of 13.4% during the forecast period.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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