Circulating Tumor Cell Market By Product (Kits & Reagents, Blood Collection Tubes, Devices) , By Technology (CTC Detection & Enrichment Methods, CTC Direct Detection, CTC Analysis) By Application (Research, Clinical, Drug/Therapy Development) By Specimen (Blood, Bone Marrow, Other Body Fluids) By End User (Hospital and Clinics, Diagnostic Centers, Research and Academic Institutes) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Circulating Tumor Cell Market
The circulating tumor cell market was valued at $11.8 billion in 2023 and is projected to reach $43.5 billion by 2033, growing at a CAGR of 13.9% from 2024 to 2033.
A circulating tumor cell (CTC) is a type of cell that detaches from the primary tumor and circulates into the whole body via bloodstream. CTCs are critical for enhancing treatment efficacy and improving patient outcomes as they are a precursor for metastatic cancer. They are heterogenous in nature as they vary in their phenotypic and genotypic characteristics.
Increase in the prevalence of different forms of cancer acts as a key driver of the circulating tumor cell market as it has fueled the demand for ingenious CTC diagnostic tools. In addition, innovations in liquid biopsy methods associated with CTC isolation and analysis propel the development of the market. The usage of nanotechnology & microfluidics for the extraction and detection of CTCs is a notable trend acquiring traction in the circulating tumor cell market. Nanoparticles enable precise targeting and capturing of CTCs owing to their engineered shape and surface properties.
However, lack of standardization in the extraction process leads to variations in results, hampering the development of the market. Moreover, stringent competition from alternative technologies such as circulating tumor DNA analysis restrains the market growth considerably. On the contrary, the assimilation of CTCs and personalized medicine is anticipated to present lucrative opportunities for the circulating tumor cell market. As per a recent research article published on the National Library of Medicine—the largest biomedical library globally—early detection and study of CTCs through single-cell techniques have the potential to personalize cancer treatment extensively for every patient. Study of CTCs at an early stage allows for identification of unique metastatic patterns in every patient, enabling precise targeting of damaged cells and healing of disease.
Segment ReviewThe circulating tumor cell market is segmented into product, technology, application, specimen, end user, and region. On the basis of product, the market is divided into kits & reagents, blood collection tubes, and devices. Depending on technology, it is classified into CTC detection & enrichment methods, CTC direct detection, and CTC analysis. As per application, it is categorized into research, clinical, and drug/therapy development. According to specimen, it is divided into blood, bone marrow, and other body fluids. By end user, it is classified into hospital & clinics, diagnostic centers, and research & academic institutes. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product, the kits & reagents segment dominated the market in 2023.
Depending on technology, the CTC detection & enrichment methods segment acquired a high stake in the market in 2023.
As per application, the research segment was the highest shareholder in 2023.
According to specimen, the blood segment accounted for a high market share in 2023.
By end user, the research & academic institutes segment held a high share in the market in 2023.Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe major players of the global circulating tumor cell market include Qiagen N.V., Bio-Techne Corporation, Precision for Medicine, Inc., AVIVA Biosciences, BioCEP Ltd., Fluxion Biosciences, Inc., Greiner Bio-One International GmbH, Ikonisys, Inc., Miltenyi Biotec GmbH, and IVDiagnostics, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy ProductKits Reagents
Blood Collection Tubes
Devices
By TechnologyCTC Detection Enrichment Methods
CTC Direct Detection
CTC Analysis
By ApplicationResearch, Clinical
Drug/Therapy Development
By SpecimenBlood
Bone Marrow
Other Body Fluids
By End UserHospital and Clinics
Diagnostic Centers
Research and Academic Institutes
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market PlayersQiagen NV.
Bio-Techne Corporation
Precision for Medicine, Inc.
AVIVA Biosciences
BioCEP Ltd
Fluxion Biosciences, Inc
Greiner Bio-One International GmbH
Ikonisys, Inc
Miltenyi Biotec GmbH.
IVDiagnostics, Inc