Circulating Tumor Cell Market Overview:
Circulating Tumor Cells (CTC) Market share is anticipated to reach USD 28,300 million by the end of 2023. Circulating tumor cell or CTC are types that break free from the original cancerous site and get spread inside the body using the vascular system. These cancerous cells can be detected as early signs for cancer. The entire process of detection is quite extensive as the chances of finding the right one is quite difficult. However, recent advents in technologies have revealed better chances of prognosis, which can help in the growth of the circulating tumor cells market. Market Research Future (MRFR) discloses several possibilities in the report that can impact the market dynamics of the CTC market.
Various factors like hike in research & development expenditure, better technological growth, various innovations in methods, increasing budget allocation for the healthcare sector, growing impact from the APAC regions, and others are expected to take the global circulating tumor cells market forward.
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Circulating Tumor Cell (CTC) Market Competitive Landscape:
The global circulating tumor cell market has several companies making various strategic developments to ensure strong growth for themselves and the market as a whole. These companies are Thermo Fisher Scientific, Epic Lifesciences, Ikonisys Inc., Greiner Bio-One International GmbH, STEMCELL Technologies, SRI International, QIAGEN Hannover (QIAGEN), Miltenyi Biotec, Menarini Silicon Biosystems, Fluxion Biosciences, Inc., F. Hoffmann-La Roche Ltd, NanoString Technologies, Inc, Advanced Cell Diagnostics, Inc. (Bio-Techne Corporation), GE Healthcare, ApoCell, Celltraffix Inc., and others.
Circulating Tumor Cells (CTC) Market Segmentation:
MRFR’s take on the global circulating tumor cells market reveals a segmentation on the basis of technology, application, and end-use. These segments can provide a better glimpse of the market factors that can impact the growth chart significantly in the coming years.
Based on the technology, the global circulating tumor cell market can be segmented into CTC enrichment, CTC detection, and combined enrichment & separation of CTC. The CTC enrichment segment has the maximum market hold owing to its ability to reduce the time needed for detection.
Based on the application, the global circulating tumor cells market comprises research, clinical, and drug development. The clinical segment has over 63% of the global market share and is expected to score USD 18,225.8 million by the end of 2023.
Based on the end use, the circulating tumor cells (CTC) market consists research & academic institutes, hospitals & clinics, and diagnostic centers. The hospitals & clinics size and segment estimated to score USD 9,184.9 million by the end of 2023.
Circulating Tumor Cells Market Regional Analysis:
The global circulating tumor cells market, as per the analysis conducted by MRFR, includes regions namely North America, South America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). This segmental report is expected to bring out various dynamics and demographic challenges for a better assessment of the market in the coming years.
North America and Europe are expected to contribute substantially to CTC market share in terms of revenue generation. North America is expected to lead the global market and it can be well-backed by various technological advancements, hike in the research & development sector expenditure, robust infrastructure, increasing government & private participation, and others. North America is expected to gain traction from countries like the US, Canada, and Mexico, whereas, the European market is expected to bank on the technological brilliance of France, Germany, and the UK. Both these regions are witnessing hike in the number of patients getting admitted for cancer treatment, which can provide market traction.
The APAC circulating tumor cells (CTC) market is all set to score well during the forecast period as major companies involved in the process are eyeing for this regional space for better market expansion. The region offers easy access to various types of resources, which can be utilized to their full potential to get a better profit margin.
Industry Updates:
In 2019, scientists, in a journal named Angewandte Chemie, revealed that the circulating tumor cell detection is now possible with lesser chances of misses with a new technology that uses ultrasensitive method. The method detects circulating tumor cells in blood by getting an amplified picture of it.
Browse the market data and information spread across 115 pages with 138 data tables and 13 figures of the report “Circulating Tumor Cells (CTC) Market Research Report- Global Forecast to 2023” in depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/circulating-tumor-cell-market-1362
Circulating Tumor Cells (CTC) Market Dynamics
Drivers
• Rising Occurrence of Cancer
• Increasing Research and Development
• Rising Geriatric Population
Restraint
• High Cost of CTC Tests and Instruments
Opportunity
• Entering Developing Economies
Table of Content
• Report Prologue
• Market Introduction
• Research Methodology
• Market Factor Analysis
• Global Circulating Tumor Cells (CTC) Market, by Application
• Global Circulating Tumor Cell (CTC) Market, by Technology
• Global Circulating Tumor Cells (CTC) Market, by End-User
• Global Circulating Tumor Cell (CTC) Market, by Region
• Competitive Landscape
• Company Profiles
• Appendix
• List of Tables
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