Cancer Biomarkers Market Benefits with 12.75% CAGR by 2026| Reveals Reports And Data

According to the current analysis of Reports and Data, the global Cancer Biomarkers market was valued at USD 12.14 Billion in 2018 and is expected to reach USD 32.25 Billion by year 2026, at a CAGR of 12.75%.

This report takes into account the current COVID-19 impact on the economy. This outbreak has widely influenced the world economic scenario. An investigation of the evolving business sector, along with an analysis of the present and future effects, is performed.

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Companies considered and profiled in this market study
Abbott Laboratories, Agilent Technologies, Merck & Co Inc., Novartis, Pfizer, Qiagen N.V and Thermo Fischer Scientific Inc

According to the Centre for Disease Control and Prevention (CDC), for around 22,000 men and 9,000 women suffer from liver cancer, and around 16,000 men and 8,000 women die from liver cancer in United States. Cancer biomarkers are the molecules released from cancerous tumours which are found in blood and other tissues which can be detected by diagnosing, screening and prediction for the progression of the disease.

Development of advanced genomic analysis technique, introduction of effective guidelines for biomarkers manufacturing, huge amount of research by Cancer societies and proven effectiveness of transplants are some of the primary growth stimulants for the market. Certain manufacturing and pharmacological issues and regulatory hurdles are hindering the growth of the market.

Development of products from research institutes has been propelling the growth of this market. For instance, in January 2018, Researchers from University of Luxembourg have discovered a new biomarker for colorectal cancer which classifies patients into “high” and “low” risk group which may help oncologists to choose the adequate treatment for a particular patient.

Segments covered in the report:

For the purpose of the study, this Reports and Data has segmented the Global Cancer Biomarkers Market on the basis of biomolecule type, disease type, profiling technologies, application, services and the regional outlook:

Method (Revenue, USD Million; 2016–2026)
Sample Preparation
Assay Development
Biomarkers and Testing

Regional Outlook: (Revenue, USD Million; 2016–2026)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa (MEA)

Biomolecule Type (Revenue, USD Million; 2016–2026)
Genetic Biomarkers
Epigenetic Biomarkers
Proteomic Biomarkers
Glycoprotein Biomarkers

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Disease Type (Revenue, USD Million; 2016–2026)
Breast Cancer
Blood Cancer
Lung Cancer
Cervical Cancer
Colorectal Cancer
Melanoma
Ovarian Cancer
Liver Cancer
Stomach Cancer

Profiling Technologies (Revenue, USD Million; 2016–2026)
Imaging technologies
Ultrasound
Computed Technology (CT)
Magnetic Resource Imaging (MRI)
Positron Emission Tomography (PET)
Omic Technologies
Proteomics
Genomics
Others
Cytogenetics-Based Tests
Immunoassays
Bioinformatics

Application (Revenue, USD Million; 2016–2026)
Risk Assessment
Prognostics
Disease Diagnosis
Personalised Medicine
Drug Discovery and Development

Further key findings from the report suggest:

1. Prognostics segment holds the second largest share in this market which is valued at USD 3440.8 million due to maximum population are aware about the new technologies

2. North America is expected to account for the 39.1% of the global Cancer Biomarkers market owing to the presence of high quality healthcare equipment

3. Europe is the second largest region with a share of 28.5% due to the high cases of cancer in France, Ireland, etc.

4. Genetics Biomarkers is accounted to be the second leading segment which is valued holds a market share of 20.8% due to high usage and perfect accuracy rate

5. Cancer Biomarkers market is fastest growing at a CAGR of 7% in Asia Pacific due to high awareness about biomarkers and rise in aging population and even rising incidences of cancer

6. Immunoassays segment is projected to have the highest CAGR among the other application type

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Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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