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Global Circulating Tumor Cell (CTC) Diagnostics Market – Prevalence of Cancer to Sustain Market Demands

Global Circulating Tumor Cell (CTC) Diagnostics Market – Prevalence of Cancer to Sustain Market Demands

The report provides overview of the current scenario of the market for circulating tumor cell diagnostics, analyzes all dynamics such as drivers, restraints, and opportunities that will define the demand in the near future, segments the market on the basis of end-user, takes stock of the potential of various regional markets, and profiles some of the key vendors to represent the competitive landscape.

As per the projections of this report, the demand in the global circulating tumor cell diagnostics market will increment at a notable CAGR of 9.39% during the forecast period of 2017 to 2021. This prosperity of the CTC diagnostics market is primarily driven by the prevalence of cancer, and the trend of personalized treatment that has emerged in the recent past. The diagnostic tests pertaining to circulating tumor cell are regular blood test for tumor analysis, offering analyzers a mode to understand the condition of a subject with a user-friendly interface. The preference of polymerase chain reaction (PCR)-based identification methods have also escalated in the past few years as they are highly effective and sensitive methods for CTC genetic profiling.

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The report also highlights the trends such as availability of advanced detection techniques and growing applications of CTC as biomarkers for drug discovery that will propel the market further in the near future. Diagnostic imaging technology has introduced molecular imaging technique for the detection of cancerous cells, which is quickly proving its benefits in the analysis of denser tissues in patients. In addition to that, the advent of liquid biopsy for CTCs will help in the diagnosis of cancer. Moreover, growing demand for personalized medicine in the field of oncology therapeutic will reflect positively on the market, as it helps in enhanced patient management and enables individualized treatment through diagnostic tests for real-time and rapid results.

Based on end-users, the report segments the global circulating tumor cell diagnostics market into hospitals and clinics, academic research institutes, pharmaceuticals and biotechnology companies, and CROs. In 2016, the hospitals and clinics segment provided for the maximum demand, which was a result of increasing number of cancer cases across the world. Hospitals with sufficient budget and long-term contracts with vendors and suppliers have mushroomed across various developed and developing countries and is aiding to the prosperity of this segment. Geographically, the report gauges the potential of CTC diagnostics market in the regions of Americas, Asia Pacific, and Europe, The Middle East, and Africa, and rates Americas to remain the most throughout the forecast period.

As far as the competitive landscape of the global circulating tumor cell diagnostics market is concerned, it is highly competitive, with the vendors focusing on mergers and acquisitions to strengthen their processes in targeted regional markets. As the demand for faster and innovative diagnostics expands, key vendors such as ApoCell, Qiagen, and Menarini Silicon Biosystems are also expected to invest on research and development of new products to differentiate themselves from the competition. The report also identifies a few other prominent players of this market, such as BioCep, Advanced Cell Diagnostics, BIOCEPT, Celltraffix, BioFluidica, Clearbridge Biomedics, Cynvenio, Creatv MicroTech, Epic Sciences, Gilupi, Ikonisys, Fluxion Biosciences, IVDiagnostics, and ScreenCell.

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