Cancer Biopsy Market Size, Share & Trends Analysis Report By 2033

According to Nova One Advisor, the global cancer biopsy market size was estimated at USD 25.35 billion in 2023, USD 29.97 billion in 2024, and is expected to grow at a CAGR of 18.2% to reach USD 134.96 billion by 2033.

The advancement in molecular medicine has facilitated the creation of novel devices for the molecular characterization of cancers. As a result, the rising acceptance and approvals of liquid biopsies are anticipated to be significant driving forces behind the overall market growth.

Numerous emerging manufacturers are dedicated to developing instruments that can improve endoscopy-based cancer biopsies. For instance, in March 2023, BiBBInstruments AB, a Swedish company, established a strong presence in the cancer biopsy instruments market under the brand – EndoDrill. The company changed biopsy instruments that allow rapid and precise diagnosis of cancer patients related to existing biopsy instruments. Moreover, it offers biopsy instruments catering to core needles and flexible endoscopic biopsies. Such companies developing in the market are expected to upsurge the accessibility of cancer biopsy instruments.

The field of oncology-based genomic data analysis and personalized medicine is anticipated to witness lucrative prospects with the emergence of liquid biopsies. Regulatory bodies are actively backing the commercialization of these products and promoting their utilization in clinical settings due to the significant potential they offer. Liquid biopsy facilitates cancer detection through various body fluids, and the advancements in this technique have made it an appealing noninvasive approach for obtaining cancer biomaterials for diagnostic purposes.

The liquid biopsies segment is projected to experience rapid expansion in the upcoming years, driven by significant investments and strategic efforts from companies engaged in biopharmaceutical manufacturing and genomic data analysis. Emerging companies are showing a strong inclination towards forming partnerships with established industry participants like QIAGEN Bioinformatics, Fabric Genomics, Agilent Technologies, and SOPHiA Genetics. This collaborative trend is expected to further boost the overall market growth.

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Cancer Biopsy Market Key Takeaways

• Tissue biopsy generated the highest revenue and accounted for 63.42% of the total revenue in 2023.
• Liquid biopsies are anticipated to expand at the fastest CAGR over the forecast period.
• Breast biopsy emerged as the dominant segment with a market share of 16.31% in 2023, and the same is anticipated to grow at the fastest CAGR over the forecast period.
• Kits and consumables accounted for a revenue share of 61.45% in 2023.
• Instruments are anticipated to grow at the fastest CAGR over the forecast period.
• North America market generated the highest revenue in 2023 and accounted for 41.85% of the total revenue generated.

Cancer Biopsy Market Trends

• Technological Advancements: The field of oncology continues to benefit from advancements in technology. This includes improvements in imaging techniques such as MRI, CT scans, and ultrasound, which aid in guiding biopsy procedures and locating tumors with greater precision. Additionally, advancements in molecular diagnostics, such as next-generation sequencing (NGS) and liquid biopsies, are revolutionizing cancer diagnosis and treatment selection.
• Rise of Liquid Biopsies: Liquid biopsies, which involve analyzing biomarkers such as circulating tumor cells (CTCs) or cell-free DNA (cfDNA) from a blood sample, are gaining traction in cancer diagnostics. These minimally invasive tests offer advantages over traditional tissue biopsies, including the ability to detect tumor mutations, monitor treatment response, and identify resistance mechanisms through serial sampling.
• Personalized Medicine: The era of personalized medicine is transforming cancer care. Biopsy samples are increasingly being used to identify specific molecular alterations or biomarkers within tumors, guiding the selection of targeted therapies tailored to individual patients. This approach not only improves treatment efficacy but also minimizes unnecessary exposure to potentially ineffective treatments and associated side effects.
• Immunotherapy Integration: Immunotherapy has emerged as a groundbreaking treatment modality for various cancers. Biopsies play a crucial role in assessing biomarkers such as programmed death-ligand 1 (PD-L1) expression or tumor mutational burden (TMB) to predict response to immunotherapy. As immunotherapy continues to expand across different cancer types, the demand for biomarker testing through biopsies is expected to grow.
• Integration of Artificial Intelligence (AI): AI and machine learning algorithms are being integrated into various aspects of cancer biopsy analysis. These technologies aid in image interpretation, tumor classification, and prediction of patient outcomes based on biopsy data. AI-powered tools have the potential to enhance the accuracy and efficiency of biopsy procedures, ultimately improving patient care and treatment outcomes.
• Shift towards Minimally Invasive Techniques: There is a growing preference for minimally invasive biopsy techniques, such as needle biopsies (e.g., core needle biopsy, fine-needle aspiration) and endoscopic biopsies, over surgical procedures. Minimally invasive techniques offer advantages such as reduced patient discomfort, shorter recovery times, and lower healthcare costs. They also allow for repeated sampling of tumors, facilitating longitudinal monitoring of disease progression and treatment response.
• Global Increase in Cancer Incidence: The global burden of cancer continues to rise due to factors such as aging populations, lifestyle changes, and environmental exposures. As the prevalence of cancer increases, so does the demand for cancer diagnostic procedures, including biopsies. This trend is driving market growth for biopsy services and related diagnostics worldwide.
• Telemedicine and Remote Consultations: The COVID-19 pandemic has accelerated the adoption of telemedicine and remote consultations in healthcare, including cancer care. Remote biopsy consultations enable multidisciplinary collaboration and facilitate access to expert opinions, particularly in regions with limited healthcare resources or during times of crisis.

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Regional Insights

North America cancer biopsy market dominated the global market with the largest revenue share of 41.85% in 2023. The dominance of the region is attributed to the presence of advanced healthcare infrastructure and substantial healthcare expenditure in North America that are driving the widespread adoption of diagnostic technologies. In addition, a number of product launches and funding are further anticipated to drive market growth in the region. For instance, in February 2024, Freenome, a biotechnology company focused on developing blood tests for early detection, secured USD 254 million in funding from new and existing investors. This funding is expected to help Freenome advance its single-cancer and tailored Multicancer Early Detection (MCED)

U.S. Cancer Biopsy Market Trends

The cancer biopsy market in the U.S. is expected to grow over the forecast period due to the high cancer prevalence in the country and consequent rapid adoption of biopsies. Furthermore, rapid technological advancements, recent FDA approvals, and intense competition between companies are expected to boost market growth over the forecast period.

Europe Cancer Biopsy Market Trends

The cancer biopsy market in Europe accounted for a significant share in 2023. This can be attributed to the increase in the number of approvals by regulatory bodies, intense competition between companies to increase market share, rise in government initiatives, and improving reimbursement scenarios.

UK cancer biopsy market is growing primarily due to the presence of commercial partnerships between the government and key players for the routine use of cancer biopsies in the country.

The cancer biopsy market in France is expected to grow over the forecast period due to the strong presence of well-established and emerging product manufacturers, who are expected to adopt continuous organic and inorganic growth strategies to support the market.

Germany cancer biopsy market is expected to witness substantial growth owing to the increasing number of companies striving to enter the market and government-sponsored aid for developing these tests.

Asia Pacific Cancer Biopsy Market Trends

The cancer biopsy market in Asia Pacific is expected to witness the fastest CAGR over the projected period, driven by healthcare reforms. Some of the other factors contributing to market growth are increasing population, improving healthcare infrastructure, and entry of new players. Asia Pacific has a large population and a high prevalence of cancer. According to Global Cancer Statistics, the estimated number of new cases in Asia in 2022 was 10.5 million. Government initiatives, such as free screening for breast cancer, cervical cancer, & lung cancer, and improved collaborations between the government, research institutes, & companies for distribution & supply of these tests for screening cancers, have increased in the past few years.

China cancer biopsy market is expected to grow over the forecast period due to lifestyle changes, dietary habits, and an aging population.

The cancer biopsy market in Japan is expected to grow over the forecast period, driven by substantial government investments aimed at reducing incidence. Japan has a significantly aging population, with over 10% of its citizens aged 80 or older, making it consistently the world's oldest population.

Latin America Cancer Biopsy Market Trends

The cancer biopsy market in Latin America is growing owing to the increased prevalence of various types in the region. Several surveys by various government and nonprofit organizations revealed that overall cancer mortality in Latin America is almost twice that of high-income countries.

Brazil cancer biopsy market is expected to grow over the forecast period. The market has observed high growth in the adoption of cancer biopsy techniques owing to increasing collaborations of key market players and various initiatives being undertaken by various organizations for cancer care.

Middle East & Africa Cancer Biopsy Market Trends

The cancer biopsy market in the Middle East & Africa is witnessing significant growth opportunities, as the majority of the market is untapped due to the absence of structured screening programs in underdeveloped African economies has impeded early detection efforts.

Saudi Arabia cancer biopsy market is expected to grow over the forecast period, attributed to the increasing involvement of the government and the rising awareness about benefits of noninvasive diagnostic procedures.

Key Cancer Biopsy Company Insights

Some of the leading players operating in the market include QIAGEN, Illumina Inc., and Thermo Fisher Scientific, Inc. These players are involved in developing liquid biopsy technologies. These methods analyze circulating tumor DNA (ctDNA) or other biomarkers in blood samples, providing a less invasive alternative to traditional biopsies. This approach aims to facilitate early detection and ongoing monitoring with minimal discomfort for patients. Moreover, by using these advanced technologies, companies are able to obtain more detailed insights into the genetic mutations and characteristics of tumors.

CureMetrix, Tempus, and Inivata are some of the emerging market participants in the market. These players are collaborating with other major & local players to gain a competitive edge. These players focus on regional expansion by exploring possibilities to develop innovative diagnostics solutions. This expansion aims to make advanced biopsy technologies more accessible to a broader patient population.

Key Cancer Biopsy Companies:

The following are the leading companies in the cancer biopsy market. These companies collectively hold the largest market share and dictate industry trends.

• QIAGEN
• Illumina, Inc.
• ANGLE plc
• BD (Becton, Dickinson and Company)
• Myriad Genetics, Inc.
• Hologic, Inc.
• Biocept, Inc.
• Thermo Fisher Scientific, Inc.
• Danaher
• F. Hoffmann-La Roche Ltd.
• Lucence Health Inc.
• GRAIL, Inc.
• Guardant Health Inc.
• Exact Sciences Corporation
• Freenome Holdings, Inc.
• Biodesix (Integrated Diagnostics)
• Oncimmune
• Epigenomics AG
• HelioHealth (Laboratory for Advanced Medicine)
• Genesystems, Inc. (Genesys Biolabs)
• Chronix Biomedical, Inc.
• Personal Genome Diagnostics Inc.
• Natera, Inc.
• Personalis Inc.

Recent Developments

• In August 2024, Illumina, Inc. received approval for in vitro diagnostic (IVD) TruSight Oncology (TSO), cancer biomarker tests with its two companion diagnostic indications to rapidly match patients to targeted therapies.
• In June 2024, Guardant Health, Inc. announced the launch of updated version of Guardant360 TissueNext test with an expanded identification of genes in tissue sample to 498. This helps enable oncologists to identify treatment strategies and targeted therapies for patients with advanced cancer.
• In May 2024, VESICA HEALTH, INC. announced the launch of AssureMDX test as LDT for diagnosis of bladder cancer.

Cancer Biopsy Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the Cancer Biopsy market.

By Product 

• Instruments
• Kits And Consumables
• Services

By Type 

• Tissue Biopsies Needle Biopsies Fine Needle Aspiration (FNA) Core Needle Biopsy (CNB) Surgical Biopsies
• Liquid Biopsies
• Others

By Application 

• Breast Cancer
• Colorectal Cancer
• Cervical Cancers
• Lung Cancers
• Prostate Cancers
• Skin Cancers
• Blood Cancers
• Kidney Cancers
• Liver Cancers
• Pancreatic Cancers
• Ovarian Cancers
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

• Provision of market value (USD Billion) data for each segment and sub-segment

• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

• Provides insight into the market through Value Chain

• Market dynamics scenario, along with growth opportunities of the market in the years to come

• 6-month post-sales analyst support

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