Cancer Biomarkers 2018 Global Market SWOT Analysis and Opportunities to 2024 | Key Players: Abbott, Affymetrix, Illumina, QIAGEN, Roche, Agilent Technologies, Quest Diagnostics, Merck, Hologic, Inc., BD, Others
Cancer biomarkers are the molecules secreted by a tumor or a specific response of the human body indicating the presence of cancer. The biomarkers enable cancer detection at an early stage and facilitate high-speed noninvasive diagnosis using various genomics and proteomics tools. Cancer biomarkers are used for various applications such as cancer diagnostics, drug discovery and development, prognostics, personalized medicine, and surrogate endpoints. Over the years, cancer biomarkers have become an integral part of research in pharmaceutical and clinical trial companies, as they help to reduce the time and cost of the drug discovery and development process.
Factors such as rising prevalence of cancer, increasing government support for cancer biomarkers research, rising aging population, increasing use of biomarkers in the drug discovery and development process, and increasing use of biomarker tests for diagnosis purposes are fueling the growth of this market. However, poorly suited regulatory and reimbursement systems and high capital investments required for biomarker development and validation are the major factors restraining the growth of this market. Cancer biomarkers’ research and development is highly capital intensive; this is one of the key entry barriers for new players willing to enter the cancer biomarkers market. Majority of the biomarker development studies receive funding from government organizations or large pharmaceutical companies.
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Based on type:
• Protein Biomarkers
• Genetic Biomarkers
• Other Biomarkers (Includes Viral, Cell, And Carbohydrate Biomarkers)
Based on cancer type:
• Breast Cancer
• Lung Cancer
• Colorectal Cancer
• Prostate Cancer
• Cervical Cancer
• Other Cancers (Includes Melanoma, Leukemia, Gastric, Kidney, Liver, And Pancreatic Cancers).
By profiling technology:
• Omics Technologies
• Imaging Technologies
• Drug Discovery
Based on geography:
• North America
• South America
• Rest Of The World
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Market Analysis: Global Cancer Biomarkers Market
The Global Cancer Biomarkers Market has accounted to USD 10.9 billion in 2016, growing at a CAGR of 12.2% from 2017 to 2024, and is expected to reach USD 27.4 billion by 2024
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