Global Cancer Biomarker Market Size, Application Analysis, End-use, Industry Analysis

By Author: Abhay Rathod
Total Articles: 15
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Global Cancer Biomarker Market Research Report: By Types (Protein Biomarker, Genetic Biomarker), By Applications (Diagnostic, Prognostic, Therapeutic), By End Users (Pharmaceutical and Biotechnology Companies, Diagnostic Companies) – Forecast till 2027
Cancer Biomarker Market Highlights
As per the analysis by Market Research Future (MRFR), The Global Cancer Biomarker Market is anticipated to acquire a significant market value while thriving at a CAGR of 15.8% during the review period from 2017 to 2023.
The growing focus to develop cancer therapies is expected to be a significant factor that can boost cancer biomarker market growth. The increasing awareness about the importance of early diagnosis of the disease is anticipated to enhance the demand for effective therapies can strengthen the cancer biomarker testing market. The on-going technological development in diagnostic Imaging, omics technologies, and immunoassays is likely to increase their efficiency, ...
... which is expected to propel the industry. In addition, the growing research and development funding from various government and private organizations is expected to augment the biomarker trade in the assessment period.
On the other hand, high investments associated with the development of biomarkers can hinder the market expansion in the coming period. However, the soaring cancer cases across the globe are expected to accelerate the need for an effective therapy that can propel the market in the coming period.
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Market Segmentation
The segmental assessment of the global cancer biomarker market is done by applications, types, and end-users.
The application-based segments of the global cancer biomarker market are prognostic, diagnostic, and therapeutic. The diagnostic sub-segment is further classified into non- Imaging and Imaging.
The types-based segments of the global cancer biomarker market are genetic biomarker protein biomarker and others.
The end-user-based segments of the global cancer biomarker market are healthcare it/big data companies, diagnostic tool companies, pharmaceutical, and biotechnology companies, and clinical laboratories.
Regional Analysis
The regional assessment of the cancer biomarker market has been majorly performed for the Americas, Asia-Pacific, Europe, and the Middle East & Africa.
As per the assessment, the Americas is predicted to acquire the largest market share due to the growing prevalence of cancer among the expanding populace. The increasing advancement in targeted therapies likely to actuate the regional market in the coming period. The U.S. is expected to make the most significant participation in strengthening the trade in North America. Furthermore, the rise in the application of cancer biomarkers in drug discovery & development is projected to develop the industry in the region.
Europe is projected to acquire a significant market value owing to the notable contribution of key players and the on-going development of diagnostic equipment. Furthermore, the growing importance of early diagnostic is expected to favor regional trade in the coming period.
APAC is anticipated to be the fastest-growing market owing to the improving healthcare infrastructure and the soaring incidence of cancer demanding efficient equipment. The emerging nations; such as, India and China, are anticipated to strengthen the regional market owing to the rising funding for drug development programs. Furthermore, the increasing awareness of the early detection of the disease is expected to boost the trade in the region in the assessment period.
MEA is likely to exhibit substantial growth due to the increasing demand for diagnostic equipment in Africa's developing regions. Among all nations, the UAE is expected to procure the largest market owing to its economic stability.
Key Players
Renowned players of the global market for cancer biomarker are Becton Dickinson (U.S.), F. Hoffmann-La Roche AG (Switzerland), Abbott Laboratories (U.S.), Bristol-Myers Squibb (U.S.), PerkinElmer, Inc. (U.S.), Bio-Rad Laboratories (U.S.), Merck & Co., Inc. (U.S.), Eli Lilly and Company (U.S.), Pfizer Inc. (U.S.), QIAGEN N.V (U.S.), GlaxoSmithKline plc. (U.S.), Novartis AG (Switzerland), Illumina Inc. (U.S.),  and Thermo Fisher Scientific Inc. (U.S.). 
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.