Circulating Tumor Cells (CTC) are cancerous cells that break off from the original site of the cancer and spread throughout the body through the vascular system. Factors such as growing prevalence of cancer, increasing research and development activities, advances in biomedical and bioengineering technology and rise in global geriatric population are factors which will shape the global circulating tumor cell market and help it attain a CAGR of 20.32% over the forecast period of 2018-2023. —
Circulating Tumor Cells find their application in cancer diagnostics and management and growing incidences of oncology diseases boost the growth of the global circulatory tumor cells market. CTCs are used as a biomarker for early detection of cancer; they act as an indicator of treatment response and are beneficial in predicting outcomes and prognostication in cancer management.
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Persistent need for treatment of various chronic diseases prompts vast investments by the pharmaceutical and biotechnology sector on research and development to develop breakthrough therapies for cancer and other chronic illnesses which is fostering the growth of the global circulating tumor cells market.
Huge unmet medical needs in developing regions and a severe lack of proper medical facilities in weak economies challenge the growth of the market, however developing economies offer a high potential for growth opportunities for the global circulatory tumor cell market as it provides room for market growth in the untapped regions. Vendors can achieve growth by marking their presence in such regions by addressing the healthcare challenges.
Global Circulating Tumor Cell Market – Competitive Tracking
Some of the eminent leaders of the market include
Greiner Bio-One International GmbH
Thermo Fisher Scientific
QIAGEN Hannover (QIAGEN)
Menarini Silicon Biosystems
Hoffmann-La Roche Ltd
Fluxion Biosciences, Inc.
NanoString Technologies, Inc
Advanced Cell Diagnostics, Inc. (Bio-Techne Corporation)
Global Circulating Tumor Cell Market – Segments
The Global Circulating Tumor Cells Market is segmented by technology, application, end use, and region in the report.
The Global Circulating Tumor Cell Market is segmented on the basis of technology into CTC enrichment, CTC detection, and combined enrichment and separation of CTC.
On the basis of application, the global circulating tumor cell market is segmented into clinical, research, and drug development.
By end use, the CTC market is segmented into hospitals & clinics, research & academic institutes, and diagnostic centers.
Global Circulating Tumor Cell Market – Geographical Analysis
The global circulatory tumor cell market spans across the regions of the Americas, Europe, Asia Pacific and the Middle East & Africa. Globally, the Americas account for the largest share of the circulating tumor cell market owing to the high prevalence of cancer in the region. Moreover, the Americas have a robust healthcare sector and is an early adopter of new technologies for healthcare purposes which drives the market in the region. The America market for circulating tumor cell is expected to reach USD 13,011.5 Million by the end of 2023 and expand at a CAGR of 20.56% over the forecast period.
Europe is the second largest Circulating Tumor Cell Market and is closely followed by Asia Pacific. Asia Pacific market is mushrooming in size and is expected to expand at a CAGR of 20.84% over the forecast period. The untapped markets of Asia Pacific store high growth opportunities for the global market. Rising incidences of cancer along with technological advancements favor the growth of the market in the region.
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