Global circulating tumor cells market is anticipated to reach USD 11,552.3 million by 2022, according to a new report by Grand View Research, Inc. Rising developments in the field of biomedical engineering and biomedical imaging coupled with rise in patented research initiatives by the government is expected to drive this industry through the forecast period.
Introduction of novel technologies for enumeration of circulating tumor cells is anticipated to fuel growth in this sector through to 2022. Furthermore, increasing incidences of chronic oncology diseases that depend on the detection and analysis of CTCs, as it has enormous potential in the real-time monitoring of cancer therapy, over the conventional methods such as imaging technologies and tumor tissue biopsy.
Additionally, application of CTC as biomarkers for drug discovery is a promising factor for growth in the coming years. Utilization of the circulating tumor cells in development of tumor specific biomarkers in order to optimize the selection of targeted therapies and assessment of better response to the therapy is expected to support in the projected growth of CTC market in the coming years.
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Further key findings from the study suggest:
Grand View Research has segmented circulating tumor cells market on the basis of technology, application, and region:
Global Circulating Tumor Cell Technology Outlook (Revenue, USD Million, 2012 - 2022)
Ex-vivo positive selection
In-vivo positive selection
Single spiral micro channel
Molecular(RNA) based technologies
EPISPOT functional in-vitro cell culture
Functional in-vitro cell invasion assay
Global Circulating Tumor Cell Application Outlook (Revenue, USD Million, 2012 - 2022)
EMT biomarkers development
Cancer stem cell research
Circulating Tumor Cell Regional Outlook (Revenue, USD Million, 2012 - 2022)
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