The Circulating Tumor Cells refers to the tumor cells, which are circulating inside the body through the blood circulation system and lymphatic system. These are significantly useful in determining the status of disease progression rate and projection of therapy needed for tumor eradication. Moreover, the growth in the developments of numerous tumor markers that can be used along with companion diagnostics to diagnose or monitor various forms of cancer is boosting the growth of the very market.This growth is primarily driven by Technological Advancements in Biomedical Imaging and Bioengineering Technology, Rising Demand for Preventive Medicine and Companion Diagnostics Worldwide and Increasing Prevalence of Cancer Across the Globe.
Globally, a noticeable market trend is evident Presence of Target Population and Surging Investments in R&D by Key Market Players. Major Players, such as TATAA Biocenter (AdnaGen) (Sweden), Precision for Medicine, Inc. (Apocell Inc.) (United States), Biocep Ltd. (Israel), Canopus Bioscience Ltd. (Canada), Creatv Microtech (United States), Ikonisys Inc. (United States), Miltenyi Biotech (Germany), Nanostring Technologies (United States), Rarecells Diagnostics (France) and Vitatex (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Technological Advancements in Biomedical Imaging and Bioengineering Technology
- Rising Demand for Preventive Medicine and Companion Diagnostics Worldwide
- Increasing Prevalence of Cancer Across the Globe
- Presence of Target Population and Surging Investments in R&D by Key Market Players
- Technical Difficulties in Detection and Characterization of CTCs Associated with High Cost of Diagnosis
Increasing Government Funding to Various Institutes for Research in both Developing and Developed Economies
Lack of Awareness and Unwillingness for the Adoption of Advanced CTC Technologies
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