Press release
Bio-Rad Laboratories, PerkinElmer, Inc. , QIAGEN Are Gaining Pace In Biomarkers Market | Study By 2025 With Merck, EKF Diagnostics, Singulex, Cisbio, Signosis Inc, MESO SCALE DIAGNOSTICS, LLC.
Biomarkers
The Global Market is expected to reach USD 85,927.95 million by 2024, from USD 28,091.78 million and growing at a CAGR of 15.1% in forecast period.
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Forecasting Regional and Global Analysis on Biomarkers Market By Application (Diagnostics Development, Drug Discovery and Development, Personalized Medicine, Disease-Risk Assessment, Others), By Product Type (Consumables, Services, Software), Technology (Safety Biomarkers, Efficacy Biomarkers, Validation Biomarkers), Indication (Cancer, Cardiovascular Disorders, Neurological Disorders, Immunological Disorders, Others) and Geography.
Global biomarker market is growing with the increased usage of biomarkers in cancer treatment, growing efforts towards drug discovery, wide application of biomarkers in personalized medicine and diagnostics, initiatives taken towards biomarker research are furthermore boosting the growth of the global biomarkers market. Global biomarkers market is dominated by Bio-Rad Laboratories, Inc., followed by Perkin Elmer, Inc. and Qiagen. Other Players Are
· Merck & Co. Inc
· Enzo Biochem, Inc
· Ekf Diagnostics
· Meso Scale Diagnostics, Llc
· Singulex, Inc
· Signosis, Inc
· Cisbio Bioassays
· Consumables segment is expected to dominate the Global biomarkers market.
· The biomarkers market in the Global region is leading in North America, Europe, Asia-Pacific accounts for the highest market share in this region.
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The factors such as increased usage of biomarkers in cancer treatment, growing efforts towards drug discovery, wide application of biomarkers in personalized medicine and diagnostics, initiatives taken towards biomarker research are furthermore boosting the growth of the global biomarkers market. On the other hand, high capital investment may hinder the growth of the market. The biomarker market in the Global region is leading in North America.
· The global biomarker market is segmented on the basis of product type, technology, application and indication.
· The global biomarkers market is segmented based on product type into three notable segments;
o Consumables
o Services
o Software
· In 2017, consumables segment is expected to dominate the global biomarkers market with 58.6% market share and is expected to reach USD 51,156.05 million by 2024, with the highest CAGR of 15.4% in the forecast period 2017 to 2024.
· On the basis of technology, global biomarker market is segmented into three notable segments;
o Safety biomarkers
o Efficacy biomarkers
o Validation biomarkers
· In 2017, safety biomarkers is expected to dominate the global biomarkers market with 47.8% market share and is expected to reach USD 41,933.30 million by 2024, with the highest CAGR of 15.4% in the forecast period 2017 to 2024.
· On the basis of application, global biomarker market is segmented into
o Diagnostics development,
o Drug discovery and development,
o Personalized medicine,
o Disease-risk assessment, and others.
· In 2017, diagnostic development is expected to dominate the market with the market share of 35.4% the market is expected to reach USD 29,148.7 million by 2024, growing at a CAGR of 14.4% in the forecast period 2017 to 2024. However, personalized medicine is expected to grow at the highest CAGR of 16.2% in the forecast period, and is expected to reach USD 19,520.5 million in 2024 from USD 5,901.5 million in 2016.
· The Global biomarkers market is segmented based on indication into four notable segments;
o Cancer
o Cardiovascular disorders
o Neurological disorders
o Immunological disorders, and others diseases
· In 2017, cancer is expected to dominate the global biomarkers market with 38.0% market share and is expected to reach USD 32,632.11 million by 2024, with a CAGR of 15.1% in the forecast period 2017 to 2024. However, cardiovascular disorders is expected to grow at the highest CAGR of 15.9% in the forecast period, and is expected to reach USD 25,063.53 million in 2024 from USD 7,736.13 million in 2016
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