Circulating Tumor Cells Market 2024-Global Industry Analysis, by Key Players, Segmentation, Trends and Forecast by 2031

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The SNS Insider report estimates the Circulating Tumor Cells Market size at USD 11.35 billion in 2023, with a projected CAGR of 13.8% to reach USD 36.33 billion by 2032.

The Circulating Tumor Cells (CTC) Market, estimated at USD 11.35 billion in 2023, is anticipated to grow to USD 36.33 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 13.8% during the forecast period from 2024 to 2032. This significant growth is driven by advancements in cancer diagnostics and personalized medicine, where CTCs play a crucial role in non-invasive monitoring of cancer progression and treatment response. As the prevalence of cancer continues to rise globally, there is an increasing demand for sensitive and reliable CTC detection technologies that can provide real-time insights into disease status.

Furthermore, technological innovations in CTC isolation and analysis methods, such as microfluidic devices and next-generation sequencing, are enhancing the accuracy and efficiency of CTC detection. These advancements are enabling healthcare providers to make more informed treatment decisions and improve patient outcomes. Additionally, growing investments in oncology research and development, coupled with rising healthcare expenditure, are supporting market expansion. As CTC-based liquid biopsy becomes integral to oncology practice, the Circulating Tumor Cells Market is poised for significant growth, catering to the evolving needs of cancer patients and healthcare providers worldwide.

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KEY MARKET SEGMENTATION

By Technology

  • 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

By Product

  • Kits & Reagents
  • Blood Collection Tubes
  • Devices or Systems

By Specimen

  • Blood
  • Bone Marrow
  • Other Body Fluids

By Application

  • Clinical/Liquid Biopsy

Risk Assessment

Screening and Monitoring

  • Research

Cancer Stem Cell & Tumorogenesis Research

Drug/Therapy Development

Segment Analysis

By Technology, CTC Detection & Enrichment Methods dominated the segment of Circulating Tumor Cells Market with more than 65.4% of market share in 2023, due to various techniques are available for enriching circulating tumor cells detection.

By Application, Research dominated the segment of Circulating Tumor Cells Market with high market share in 2023, due to the important role CTCs play in understanding cancer metastasis, and the spread of cancer cells to other organs.

By Product, Kits & Reagents dominated the segment of Circulating Tumor Cells Market with high market share in 2023, due to the high level of customer interest in the product or service, leading to frequent repurchases.

Recent Developments

August 2023, Cell Microsystems acquired Fluxion Biosciences and increase its expertise in measuring electrical currents in cell membranes.

June 2023, Bio-Techne announced the acquisition of LunaPhore. This aims to create a comprehensive workflow for researchers studying tissues, streamlining the research process and potentially leading to new discoveries.

May 2023, Menarini Silicon Biosystems partnered with Alivio Health to offer Alivio's clients access to CELLSEARCH liquid biopsy tests.

March 2023, Miltenyi Biotec acquired Lino Biotech AG, for access to their innovative biosensor technology.

Key Players

  • QIAGEN
  • Bio-Techne Corporation
  • Thermo Fisher Scientific Inc.
  • Precision for Medicine
  • AVIVA Biosciences
  • BIOCEPT Inc.
  • Fluxion Biosciences Inc.
  • Greiner Bio One International GmbH
  • Ikonisys Inc.
  • Miltenyi Biotec
  • Menarini Silicon Biosystems
  • LineaRx Inc. (Vitatex Inc.)
  • STEMCELL Technologies

Regional Analysis

The North America led the Circulating Tumor Cells Market with more than 35.7% of market share in 2023. Due to the presence of leading companies like Aviva Biosciences, Apocell, Inc., and Advanced Cell Diagnostics. These players take strategic initiatives to enhance their market hold, and continuously innovating and refining CTC technologies. The increase in the incidence of cancer in North America increases the demand for advanced diagnostics like CTC. The increase in the regulatory approvals for CTC technologies and high investments in research and development further rises the market growth in this region.

The Asia Pacific region is the fastest growing region for the Circulating Tumor Cells Market increase in the diagnostic capabilities for cancer patients in many Asia Pacific countries. CTC technology provide a different opportunity to address this need and improve overall cancer care in the region. The increase in the public awareness about the early cancer detection and risk assessment is rapidly increase in this region. CTC testing provide early intervention and improved patient compliance.

Key Takeaways

  • The report clarifies that a key driver for CTC adoption is its minimally invasive nature compared to traditional biopsies. This patient-friendly approach is particularly valuable given the increasing global cancer burden.
  • The report emphasizes the importance of early detection and accurate diagnosis for effective cancer management.
  • This allows for minimally invasive tumor screening before complex surgical procedures, catering to the growing demand for non-invasive approaches that offer faster recovery times.
  • The report identifies North America as the current leader due to the presence of leading companies and high cancer incidence.


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Table of Content

Chapter 1 Introduction        

Chapter 2 Research Methodology

Chapter 3 Circulating Tumor Cells Market Dynamics

Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)

Chapter 5 Value Chain Analysis

Chapter 6 Porter’s 5 forces model

Chapter 7 PEST Analysis

Chapter 8 Circulating Tumor Cells Market Segmentation, By Technology

Chapter 9 Circulating Tumor Cells Market Segmentation, By Product

Chapter 10 Circulating Tumor Cells Market Segmentation, By Specimen

Chapter 11 Circulating Tumor Cells Market Segmentation, By Application

Chapter 12 Circulating Tumor Cells Market - Regional Analysis

Chapter 13 Company profile

Chapter 14 Competitive Landscape

Chapter 15 Use Case and Best Practices

Chapter 16 Conclusion

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SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

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