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Cancer Biomarkers Market by Cancer Type (Prostate, Breast, Lung, Colorectal, Cervical) by Profiling Technology (OMICS, Imaging, Immunoassays, Cytogenetics, Bioinformatics)– Business Overview, Analysis and Industry Forecast 2017-2023

08-22-2018 08:13 AM CET | Health & Medicine

Press release from: Genesis market insights

Genesis Market Insights

Genesis Market Insights

GLOBAL CANCER BIOMARKERS MARKET was valued at USD 13.49 Billion in the year 2017. Global Cancer Biomarkers market is further estimated to grow at a CAGR of 13.8% from 2018 to reach USD 29.3 Billion by the year 2023.

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The Global Cancer Biomarkers is segmented as by cancer type, by profiling technology, by biomarkers, and by region. On the basis of the type of cancer the market is segmented as Prostate Cancer, Breast Cancer, Lung Cancer, Colorectal Cancer, Cervical Cancer and Others of which breast cancer holds the highest market share.

On the basis of Profiling Technology, the Global Cancer Biomarkers market is segmented as OMICS Technology, Imaging Technology, Immunoassays, Cytogenetics, and Bioinformatics of which OMICS Technology is expected to hold the highest market share in the forecasted period.

On the other hand, by a Biomarkers Type, the market is segmented as Protein Biomarkers, Genetic Biomarkers and Others for this protein biomarker segment are expected to grow at highest CAGR during the year 2018-2023. The large share of this segment is mainly attributed to the tremendous potential of protein biomarkers in cancer detection.

Asia Pacific region holds the highest market share in 2017 and North America is considered as the fastest growing market in the forecasted period. At a country level, Japan, China, and South Korea are projected to grow strongly in the coming years. Factors such as rising incidence of cancer, increasing use of biomarker tests for diagnostic purposes and government support to research institutes and universities are further driving the growth of this market in the APAC region.

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Drivers:

• Increased Incidences of Cancer Globally
• Higher Acceptance for Treatment in Developing Regions

Restraints:

• High Cost of Diagnosis and Reimbursement Issues

Opportunities:

• Technological and Scientific advancements
• Emerging Economies

Challenges:

• Unfavorable Regulatory framework and policies

23andMe (U.S), Agilent Technologies (U.S), Abbott Laboratories, Inc. (U.S), Biomerieux (France), Hologic, Inc. (U.S),Roche Holding AG (Switzerland), Illumina, Inc. (U.S), Roche Diagnostics (Switzerland), GE Healthcare (U.S) and Bio-Rad Laboratories (U.S)are some of the key players in the Cancer Biomarkers Market. Rising research and development expenses to address the changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.

Key Benefits for Stakeholders

• Manufacturing companies of diagnostics kits and imaging instrument providers
• Contract research organizations (CROs)
• Healthcare organizations and R&D Institutes
• Various Research organizations and consulting firms
• The government, Regulatory bodies, and consumers

By Cancer Type

• Prostate Cancer
• Breast Cancer
• Lung Cancer
• Colorectal Cancer
• Cervical Cancer
• Others

By Profiling Technology

• OMICS Technology
• Imaging Technology
• Immunoassays
• Cytogenetics
• Bioinformatics

By Biomarkers Type

• Protein Biomarkers
• Genetic Biomarkers
• Others

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• 23andMe
• Agilent Technologies
• Abbott Laboratories, Inc.
• Biomerieux
• Hologic, Inc.
• Roche Holding AG
• Illumina, Inc.
• Roche Diagnostics
• GE Healthcare
• Bio-Rad Laboratories

(Another brief information of 10 companies will be provided in the report)

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About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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