Reports And Data has published a report on the Global Cancer Biomarkers Market. It includes a database of all market essentials, with key facts and figures represented in the form of tables, pie charts, graphs, etc., giving the reader a better understanding of the market. Currently, the Cancer Biomarkers market is witnessing industry-wide development. The research study presents a detailed analysis of the industry and projects the future market growth by examining the current growth factors, opinions of industry experts, and other industry-related information derived from reliable sources. The report offers estimates for Global Cancer Biomarkers Market Forecast till 2026.
Cancer Biomarkers Market Size – USD 12.14 Billion in 2018, CAGR of 12.75%. Cancer Biomarkers Industry Trends – Product launches and research for Cancer biomarkers.
According to the current analysis of Reports and Data, the global Cancer Biomarkers market was valued at USD 12.14 Billion in 2018 and is expected to reach USD 32.25 Billion by year 2026, at a CAGR of 12.75%.
According to the Centre for Disease Control and Prevention (CDC), for around 22,000 men and 9,000 women suffer from liver cancer, and around 16,000 men and 8,000 women die from liver cancer in United States. Cancer biomarkers are the molecules released from cancerous tumours which are found in blood and other tissues which can be detected by diagnosing, screening and prediction for the progression of the disease.
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Most exhaustive List of Top key vendors in Cancer Biomarkers Market are:
Abbott Laboratories, Agilent Technologies, Merck & Co Inc., Novartis, Pfizer, Qiagen N.V and Thermo Fischer Scientific Inc
Scope of the Report:
The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Cancer Biomarkers market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.
High target disease prevalence, product launches, increasing strategic developments such as partnerships and agreements, favourable research funding scenario are key factors contributing to high CAGR of Cancer Biomarkers during forecast period.
Reports and Data has segmented the Cancer Biomarkers market:
Biomolecule Type (Revenue, USD Million; 2016–2026)
- Genetic Biomarkers
- Epigenetic Biomarkers
- Proteomic Biomarkers
- Glycoprotein Biomarkers
Disease Type (Revenue, USD Million; 2016–2026)
- Breast Cancer
- Blood Cancer
- Lung Cancer
- Cervical Cancer
- Colorectal Cancer
- Ovarian Cancer
- Liver Cancer
- Stomach Cancer
Profiling Technologies (Revenue, USD Million; 2016–2026)
- Imaging technologies
- Computed Technology (CT)
- Magnetic Resource Imaging (MRI)
- Positron Emission Tomography (PET)
- Omic Technologies
- Cytogenetics-Based Tests
Application (Revenue, USD Million; 2016–2026)
- Risk Assessment
- Disease Diagnosis
- Personalised Medicine
- Drug Discovery and Development
Method (Revenue, USD Million; 2016–2026)
- Sample Preparation
- Assay Development
- Biomarkers and Testing
Regional Outlook (Revenue, USD Million, 2016 – 2026)
- North America
- Rest of the Europe
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East & Africa
- North America
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Development of advanced genomic analysis technique, introduction of effective guidelines for biomarkers manufacturing, huge amount of research by Cancer societies and proven effectiveness of transplants are some of the primary growth stimulants for the market. Certain manufacturing and pharmacological issues and regulatory hurdles are hindering the growth of the market.
Development of products from research institutes has been propelling the growth of this market. For instance, in January 2018, Researchers from University of Luxembourg have discovered a new biomarker for colorectal cancer which classifies patients into “high” and “low” risk group which may help oncologists to choose the adequate treatment for a particular patient.
Further key findings from the report suggest:
- Cancer Biomarkers market is fastest growing at a CAGR of 7% in Asia Pacific due to high awareness about biomarkers and rise in aging population and even rising incidences of cancer
- The market for lung cancer disease type segment (i.e. small cell lung cancers, non-small cell lung cancers) is expected to hold the fastest growing CAGR because of increase in population who smoke and due to very low air purity
- Europe is the second largest region with a share of 28.5% due to the high cases of cancer in France, Ireland, etc
- Genetics Biomarkers is accounted to be the second leading segment which is valued holds a market share of 20.8% due to high usage and perfect accuracy rate
- Immunoassays segment is projected to have the highest CAGR among the other application type
- North America is expected to account for the 39.1% of the global Cancer Biomarkers market owing to the presence of high quality healthcare equipment
- Prognostics segment holds the second largest share in this market which is valued at USD 3440.8 million due to maximum population are aware about the new technologies.
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The research provides answers to the following key questions:
- What will be the market size and growth rate of the Cancer Biomarkers market for the forecast period 2019 -2026 across different regions?
- What are the key driving forces expected to shape the future of the industry worldwide?
- What strategies are the prominent vendors adapting to stay ahead of their competitors?
- Which major trends are impacting the development of the Cancer Biomarkers market worldwide?
- Which factors can hinder, challenge or even restrict the expansion of the Cancer Biomarkers market worldwide?
- What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2019 – 2026?
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