Press release
Cancer Biomarkers Market Rising at 11.45% CAGR to 2023: Top Key Players are Abbott Laboratories, Agendia Bv, Biocurex Inc, Biomerieux S.A, Biomoda Inc, Astellas Pharma Us Inc, Correlogic Systems Inc, Becton, Dickinson And Company
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Biomarkers are chemical, physical or biological parameters which can be used to identify disease states. Oncology biomarkers recommends high speed, non invasive cancer diagnosis and deem to improve cancer detection and screening. Biomarker research is increasing high importance these days owing to its benefits such as accurate detection, easier diagnosis, and low chances of misdiagnosis during early cancer diagnosis. Comparison of cancer biomarkers at two different sites is very helpful for identifying metastatic tumours. Many different types of biomarkers have been characterized earlier and are in use in numerous cancer diagnostic testing procedures.
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Key driving factors for the market are restructured drug delivery procedure, non invasive technology, augmented rates of survival. Boost in government and private funding for oncology also fuels the market development. Market is constrained by high cost of diagnosis, issues linked to reimbursement and some of the regulatory policies which hamper the market growth.
Cancer Biomarkers Market Forecast Report (2018-2023):
Global Cancer Biomarkers Market worth was USD 12.86 billion in 2018 and estimated to be growing at a CAGR of 11.45%, to reach USD 22.11 billion by 2023.
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Global cancer biomarkers Market Segmentation:
Global cancer biomarkers is segmented on the basis of disease into Prostate Cancer, Breast Cancer, Lung Cancer, Colorectal Cancer, Cervical Cancer and Other Cancers. Based on facilities market is divided into Sample Preparation, Assay development and Biomarkers validation and testing. On the base of application, market is bifurcated into Risk Assessment, Development of molecular diagnostics, Disease diagnosis, Drug discovery and Development and Drug formulation. By Type, the cancer biomarkers market is separated into Protein Biomarkers, Genetic biomarkers and other biomarkers. Based on profiling technologies, segmentation is between omics technologies, Imaging technologies, Immunoassays, Cytogenetics, Bioinformatics and IVD multivariate index assays. Omics technologies sector is further sub segmented into Genomics, Proteomics, Metabolomics, Transcriptomics and Pharmacogenomics.
Based on geography, the market is analysed under different regions namely, North America, Europe, Latin America, Asia-Pacific and Middle-East & Africa. The Asia-Pacific market is poised to record the maximum growth rate in the forecast period due to the supporting government funding for cancer biomarker research, increasing prevalence of cancer, rising demand for advanced healthcare facilities in developing economies such as India and China, growing number of clinical trials, and rising focus of international players in emerging markets.
Key Developments in the Market:
• January 2018: Roche and GE entered into a partnership to expand integrated digital diagnostics platform to improve oncology and critical care treatment. This partnership will relate advanced analytics to in-vivo data from GE’s medical imaging and monitoring equipment with in-vitro data from Roche’s biomarker, tissue pathology, genomics, and sequencing portfolio.
• January 2018: New biomarkers establish for colorectal cancer (MYO5B).
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Major Players:
Some of the major companies in this cancer biomarkers market are
• Abbott Laboratories,
• Agendia Bv
• Biocurex Inc
• Biomerieux S.A.
• Biomoda Inc
• Astellas Pharma Us Inc
• Correlogic Systems Inc
• Beckman Coulter Inc
• Becton
• Dickinson And Company
• Clarient Inc
• Diadexus Inc
• Ambrilia Biopharma
• Affymetrix Inc and Aureon Laboratories Inc
• Shxchangyu
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