Cancer Biomarkers Market Forecast to 2027
Posted by mahesh on October 20th, 2022
According to a new market research study of ‘Cancer Biomarkers Market to 2027 – Global Analysis and Forecasts by Biomarker Type, Profiling Technology, Cancer Type, and Application.’ The global cancer biomarkers market is anticipated to reach US$ 31,206.00 Mn in 2027 from US$ 12,175.69 Mn in 2018. The market is expected to grow with a CAGR of 11.1% from 2019-2027. This report highlights the trends prevalent in the global cancer biomarkers market and factors driving the market along with those that act as restraints to its growth.
The global cancer biomarkers market, based on profiling technology, was segmented as omics technologies, imaging technologies, immunoassays, cytogenetics, and bioinformatics. In 2018, the omics technologies segment held the largest market share of the cancer biomarkers market by profiling technology. This segment is also projected to dominate the market in 2027, owing to its capacity to investigate multiple molecules simultaneously. Moreover, this technology is progressively used in assessment and drug discovery. This market segment is also expected to grow at a significant rate in the forecast period 2019 to 2027.
Request Sample PDF Brochure – https://www.theinsightpartners.com/sample/TIPBT00002663/
In recent years, numerous FDA approvals & product launches drive the market for cancer biomarkers. Market players are engaged in the production of a wide range of cancer biomarkers that offer maximum advantages and early diagnosis. For instance, in May 2019, QIAGEN launched its first FDA-approved companion diagnostic for PIK3CA biomarkers to enhance precision medicine in breast cancer. PIK3CA Kit, the [PB1] first companion diagnostic assay are used in any cancer indication for the detection of activating mutations in the PIK3CA gene. Additionally, it is the first FDA approved assay as guiding treatment decisions in breast cancer utilizing plasma specimens as a liquid biopsy.
Moreover, In November 2017, Roche launched DISCOVERY [PB2] Teal HRP chromogen detection kit to improve tissue-based cancer research. This newest addition to the collection of modular-based detection kits is used to identify and profile biomarkers and cell populations in the tissue-based study. Thus, FDA approvals & product launches are expected to propel the growth of the cancer biomarkers market over the forecast years.
Key Players -
The report segments the global cancer biomarkers market as follows:
Global Cancer Biomarkers Market – By Biomarker Type
Global Cancer Biomarkers Market – By Profiling Technology
Global Cancer Biomarkers Market – By Cancer Type
Global Cancer Biomarkers Market – By Application
Global Cancer biomarkers market – By Geography
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
Like it? Share it!
About the Authormahesh
Joined: September 20th, 2022
Articles Posted: 71
More by this author