Global Circulating Tumor Cell Market Size, Share & Trends Analysis Report By Product, By End User, Based on Specimen, By Technology, By Application (Research, Clinical, and Drug/Therapy Development), By Regional Outlook and Forecast, 2024 - 2031

Global Circulating Tumor Cell Market Size, Share & Trends Analysis Report By Product, By End User, Based on Specimen, By Technology, By Application (Research, Clinical, and Drug/Therapy Development), By Regional Outlook and Forecast, 2024 - 2031

The Global Circulating Tumor Cell Market size is expected to reach $29.42 billion by 2031, rising at a market growth of 13.2% CAGR during the forecast period.

The growing healthcare infrastructure and increasing cancer cases in India and China drive the circulating tumor cell market. CTCs, critical for non-invasive cancer detection and monitoring, are gaining attention as vital diagnostic tools in oncology. Thus, the Asia Pacific region witnessed 37% revenue share in the market in 2023. This growth is driven by the increasing prevalence of cancer, rising awareness about early cancer diagnosis, and the adoption of advanced diagnostic technologies. The region also benefits from expanding healthcare infrastructure, substantial investments in medical research, and government initiatives to combat cancer. Additionally, a large patient pool and ongoing collaborations between local research institutions and global biotechnology firms contribute to the region’s dominance.

The demand for non-invasive diagnostic methods, particularly liquid biopsies, has risen dramatically in recent years. Traditional biopsy methods, which require tissue samples to be extracted from patients, are invasive, painful, and carry certain risks. In conclusion, the growing demand for non-invasive biopsy techniques drives the market region.

Additionally, personalized medicine tailors’ healthcare treatments to an individual’s unique genetic makeup, allowing for more precise and effective therapies. In oncology, personalized treatments are particularly important, as cancer cells exhibit significant genetic variability across patients. Thus, as healthcare continues to move in this direction, CTC-based diagnostic tools will become an integral part of the precision oncology landscape.

However, the cost of circulating tumor cell (CTC) detection technologies remains one of the key barriers to the widespread adoption of these tools. The technology required to isolate, detect, and analyze CTCs is advanced and expensive, requiring specialized equipment, reagents, and trained personnel. Additionally, many CTC detection methods are still in the early stages of development. In conclusion, the high cost of circulating tumor cell detection technologies impedes growth.

Many clinical trials involving circulating tumor cells were delayed or halted due to pandemic-related restrictions, reducing the demand for CTC-related technologies and equipment. Routine cancer screenings and non-emergency procedures were deprioritized, leading to a decline in the utilization of circulating tumor cell detection methods. Thus, the COVID-19 pandemic had a negative impact on the market.

Driving and Restraining Factors

Drivers

Growing Demand for Non-Invasive Liquid Biopsy Techniques

• Rising Focus on Personalized Medicine
• Increasing Prevalence of Cancer Worldwide

Restraints

High Cost of Circulating Tumor Cell Detection Technologies

• Concerns Over the Sensitivity and Specificity of CTC Testing

Opportunities

Increasing Investment in Oncology Research

• Potential to Expand CTC Applications Beyond Oncology

Challenges

Competition from Alternative Diagnostic Methods

• Technical Challenges in CTC Isolation and Detection

Product Outlook

Based on product, the market is divided into kits & reagents, devices, and blood collection tubes. In 2023, the kits & reagents segment garnered 44% revenue share in the market. These products are vital for isolating, identifying, and analyzing circulating tumor cells (CTCs), which are key cancer detection and monitoring indicators.

End User Outlook

On the basis of end user, the market is segmented into research and academic institutes, hospital & clinics, and diagnostic centers. In 2023, the hospital & clinics segment attained 36% revenue share in the market. These facilities rely on circulating tumor cell technologies for early detection, monitoring disease progression, and assessing treatment efficacy.

Specimen Outlook

Based on specimen, the market is categorized into blood, bone marrow, and others. In 2023, the blood segment registered 46% revenue share in the market. Blood is the most utilized specimen for circulating tumor cell (CTC) analysis due to its accessibility, minimal invasiveness, and ability to provide real-time insights into cancer progression.

Technology Outlook

By technology, the market is divided into CTC detection & enrichment methods, CTC analysis, and CTC direct detection. In 2023, the CTC detection & enrichment methods segment registered 65% revenue share in the market. This segment is pivotal as it represents the initial step in isolating and identifying circulating tumor cells from blood or other specimens.

Application Outlook

Based on application, the market is divided into research & clinical and drug & therapy development. In 2023, the drug & therapy development segment procured 33% revenue share in market. This segment underscores the critical role of CTCs in preclinical and clinical trials for oncology drug discovery and development.

List of Key Companies Profiled

• Qiagen N.V
• Greiner Bio-One International GmbH
• Sysmex Corporation
• Miltenyi Biotech B.V & Co kg
• Bio-Techne Corporation
• Ikonisys, Inc.
• Menarini Silicon Biosystems SpA
• LungLife AI Inc.
• Aviva Systems Biology Corporation
• ScreenCell

Global Circulating Tumor Cell Market Report Segmentation

By Product

• Kits & Reagents
• Devices
• Blood Collection Tubes

By End User

• Research and Academic Institutes
• Hospital & Clinics
• Diagnostic Centers

By Specimen

• Blood
• Bone Marrow
• Other Specimen

By Technology

• CTC Detection & Enrichment Methods
• CTC Analysis
• CTC Direct Detection

By Application

• Research, Clinical
• Drug/Therapy Development

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA