Cancer Biomarkers Market Sees Promising Growth

Posted by Andre on September 5th, 2019

Global Cancer Biomarkers Market is expected to rise from its initial estimated value of USD 21.85 billion in 2018 to an estimated value of USD 56.06 billion by 2026, registering a CAGR of 12.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing Use of Cancer Biomarkers in Drug Discovery and Development. Few of the major competitors currently working in the Cancer Biomarkers market are Abbott (U.S), DiagnoCure Inc ( Canada)., Affymetrix, Inc. (U.S), Illumina, Inc.(U.S.) , QIAGEN. (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Agilent Technologies Inc. (U.S.) , Quest Diagnostics Inc. (U.S.), Merck & Co. Inc. (U.S.) , Hologic, Inc ( U.S)., BD (U.S.) GlaxoSmithKline plc (UK), Novartis AG (Switzerland), Bristol-Myers Squibb (US), Eli Lilly and Company (US), Pfizer, Inc. (US), and Genomic Health, Inc. (US), bioMérieux SA (France), Astellas Pharma Inc. (Japan)

Market Drivers

  •          Rising incidence of cancer is working as a market driver for this market
  •          Increasing use of cancer biomarkers in drug discovery and development due to its ease of use and accurate results.
  •          Due to increase in cancer cases there is increase in demand for Biomarkers

Market Restraints

  •          Unfavorable regulatory and reimbursement scenario due to high cancer case regulatory has made strict norms.
  •          High capital investment is required for biomarker but benefit is low as compared to cost-
  •          Technical issues  is very high at the time of  sample collection and storage this is working as a market restraint.

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Primary Respondents

  •          Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
  •          Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Segmentation: Global Cancer Biomarkers Market

Global Cancer Biomarkers Market By Type (genetic biomarkers, protein biomarkers, other cancer biomarkers)

Cancer type (breast cancer, lung cancer, prostate cancer, colorectal cancer , blood cancer, melanoma , ovarian cancer, liver cancer, stomach cancer, other cancer types )

Technology ( imaging technologies, omic technologies (proteomics, genomics, other omic technologies), cytogenetics-based tests, immunoassays)

 Applications  (drug discovery and development, personalized medicine, diagnostics, others)

 Geography (North America, South America, Europe, Asia-Pacific andMiddle East and Africa)

Reasons to Purchase this Report

  •          Current and future of Global cancer biomarkers market outlook in the developed and emerging markets
  •          The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  •          Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  •          The latest developments, market shares, and strategies that are employed by the major market players

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Joined: August 28th, 2019
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