Press release
Cancer Biomarkers Market Survey Report 2020 Along with Statistics, Forecasts till 2026
The Cancer Biomarkers Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2026. The Cancer Biomarkers market report is a valuable source of data for business strategists. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. This Cancer Biomarkers Market study provides comprehensive data that enhances the understanding, scope, and application of this report.Top Companies in the Global Cancer Biomarkers Market
Abbott Laboratories (NYSE: ABT), Thermo Fisher Scientific Inc. (NYSE:TMO), F. Hoffmann-La Roche Ltd, Illumina,Inc., Agilent Technologies, Qiagen NV, Merck & Co., Hologic,Inc., Novartis AG, BioMerieux SA, Genomic Health, Inc.(Nasdaq: GHDX), Affymetrix, Roche Diagnostics Ltd., among others.
The global Cancer Biomarkers market is valued at US$ 11710 million in 2020 is expected to reach US$ 18790 million by the end of 2026, growing at a CAGR of 6.9% during 2021-2026.
Market Overview:
Biomarkers are chemical, physical or biological parameters, which can be used to indicate disease states. Oncology biomarkers offer high speed, non-invasive cancer diagnosis, and are believed to enhance cancer detection and screening. Major driving factors for the market are streamlined drug delivery process, noninvasive technology, and increased rates of survival.
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Market Insights
- Globally, cancer is one of the leading causes of death. In 2015, it accounted for 8.8 million deaths, causing nearly one in every six deaths.
- The disease witnessed significant growth in the last few decades, and it is expected to grow rapidly over the forecast period.
- The World Health Organization (WHO) estimates the rate of cancer number to increase to 70% over the next two decades.
- Additionally, the increased burden of several lifestyle disorders is also expected to drive the market, as biomarkers play a vital role in risk assessment, early diagnosis, and effective monitoring of treatment.
- According to the WHO, almost 70% of deaths from cancer occur in low- and middle-income countries, and only one in five low- and middle-income countries has the necessary data to drive its cancer policy.
Key Market Trends
North America Dominates the Market and is Expected to do the Same Over the Forecast Period
The United States witnessed a considerable rise in the number of cancer patients. Prostate and breast cancers are the most prevalent forms of cancer in the region. According to the estimates of the American Cancer Society, in the United States, around 220,800 new cases of prostate cancer were diagnosed and about 27,540 deaths occurred due to this cancer, in 2015. Additionally, it is estimated that, currently, there are nearly three million American men suffering from prostate cancer. In 2015, an estimated 246,660 new cases of invasive breast cancer and 60,290 additional cases of in-situ breast cancer were diagnosed among women in the United States. The ease in the US government regulations and availability of funds from various organizations, like the National Institute of Health, have provided the potential for researchers to invest more in the use of biomarkers in drug discovery, drug development, detection of specific tumors, monitoring biological response to cancer therapy, and genetic studies for the identification of predisposed candidates of cancer.
Key Developments in the Market
January 2018: Roche and GE entered into a partnership to develop integrated digital diagnostics platform to improve oncology and critical care treatment. This partnership will apply advanced analytics to in-vivo data from GEs medical imaging and monitoring equipment with in-vitro data from Roches biomarker, tissue pathology, genomics, and sequencing portfolio.
January 2018: New biomarkers found for colorectal cancer (MYO5B).
November 2017: Researchers found a new biomarker for breast cancer (GIRK1).
October 2017: ABBOTT acquired ALERE.
September 2017: Roche announced its progress in biomarker science in cancer immunotherapy at the European Society for Medical Oncology Congress.
Trending News
Genomic Health, Inc.(Nasdaq: GHDX)
Genomic Health Announces Results from Biomarker Discovery Program Utilizing Next-Generation Sequencing to Compare Normal and Tumor Breast Tissue
REDWOOD CITY, Calif.,Feb. 3, 2011 / --Genomic Health, Inc.(Nasdaq: GHDX) today announced that its scientists successfully surveyed expression of the whole human transcriptome using next-generation DNA sequencing technology developed by Illumina, Inc., to test hypotheses for biomarker discovery in archived tumor and normal breast tissue samples. The study identified hundreds of coding and non-coding transcripts that are differentially expressed in tumor versus normal, non-cancerous breast tissue, including a subset of genes statistically associated with the recurrence of breast cancer.
(Source=investor.genomichealth.com)
The Cancer Biomarkers market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Cancer Biomarkers Market on the basis of Types are
Protein Biomarkers, Genetic Biomarkers, Others
On The basis Of Application, the Global Cancer Biomarkers Market is Segmented into
Breast Cancer, Lung Cancer, Colorectal Cancer, Melanoma, Blood Cancer, Prostate Cancer, Ovarian Cancer, Stomach Cancer, Liver Cancer
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Regions Are covered By Cancer Biomarkers Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada and Mexico).
Europe (Germany, France, UK, Russia and Italy).
Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Cancer Biomarkers Market
-Changing Cancer Biomarkers market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Cancer Biomarkers market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Cancer Biomarkers Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Cancer Biomarkers market:
- What are the recent developments and government policies?
- Why might we forecast a downturn in a particular economy next year?
- Why do we say a currency is set to appreciate?
- What countries and sectors offer the highest potential?
- Where are the greatest dangers?
The report has 150 tables and figures browse the report description and TOC
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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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