Biomarkers Market Size, Share, Trends, Growth, & Key Business Strategies by Leading Industry Players Medtronic, BG Medicine, F. Hoffmann-La Roche, Seimens Healthnineers, Nexus-DX, Qiagen N.V., Lifesign

Coherent Market Insights has announced the addition of the “Biomarkers Market Size Status and Forecast 2026”, The report classifies the global Biomarkers Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Biomarkers Speaker market, analyzes and researches the Biomarkers Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Medtronic, BG Medicine, F. Hoffmann-La Roche, Seimens Healthnineers, Nexus-DX, Qiagen N.V., Lifesign

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The global biomarkers market is projected to witness significant growth over the forecast period, owing to rapid advancements in technology for development of novel biomarker. For instance, in February 2018, FDA granted marketing authorization to Banyan Biomarkers, Inc. for the first diagnostic blood test for traumatic brain injury named Banyan BTI. Such innovations, targeting different indications, is expected to drive biomarkers market growth in the near future.

Biomarkers are used for diagnosis and drug development, as these biomarkers can indicate diseases in the body. Furthermore, biomarkers can be any specific cells, molecules, genes or gene products, enzymes or hormones. Biomarker-based test are precise and rapid, which help in early prediction of susceptibility, prognosis, diagnosis, and treatment of disease. Hence, increasing research and development activities for identifying new biomarkers to diagnose or treat diseases is expected to be major factor growth of the market.

Biomarker are required for personalized medicine as it helps to identify the unique characteristics of the disease and helps to tailor medicine according to the need of patients. Hence, to cater to demand for personalized medicines, pharmaceutical companies are investing in R&D, which is expected to lead to identification of novel biomarkers, thus aiding in growth of the market.

Global Biomarkers Market, By Product Type:

Biomarker Test Kits
Biomarker Analyzers

Global Biomarkers Market, By Disease Indication:

Cancer
Cardiovascular Disorder
Infectious Disease
Neurological Disorder
Immunological Disorder
Others

Global Biomarkers Market, By Application:

Diagnosis
Drug Discovery and Development
Others

Global Biomarkers Market, By End User:

Hospitals
Research Laboratories
Ambulatory Surgical Centers
Diagnostic Laboratories

Increasing application and awareness about biomarker tests is expected to be a major factor for growth of the market. Biomarkers are used for diagnostics and early detection of specific diseases over the conventional diagnostics methods. Furthermore, biomarkers such as BRCA1, indicates whether an individual has an increased likelihood of developing cancer. Biomarkers are also applied to a wide variety of therapeutic areas, which include neurological diseases, metabolic disorders, immune deregulation and oncology to treat various disease such as TMI, cancer, Alzheimer diagnosis. Biomarkers are also used to detect ABO haemolytic disease of new born, Huntington disease, and hereditary haemochromatosis, and cystic fibrosis.

Biomarkers are used to detect disorder related to chromosome structure such as, Turner syndrome, Down syndrome, patau syndrome, Edwards’s syndrome, and others, which has led to increasing demand for biomarkers.

North America accounts for the largest share in the global biomarkers market and this is attributed to adoption of precision medicine and growing prevalence of cancer in the region. According to the National Cancer Institute, 2016, it was estimated that 16.8 million new cases of cancer were diagnosed in the U.S., with around 595,690 deaths from cancer disease. The number of people suffering from cancer is expected to rise to 19 million by 2024, which supports increasing demand for precision medicine.

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This release was published on openPR.