Press release
North American Genomic Biomarker Market Trends, Business Overview, Industry Growth and Forecast to 2025
The North American genomic biomarker market is estimated to grow significantly at a CAGR of over 15% during the forecast period. Factors that are contributing significantly in the market growth include the presence of well-developed healthcare infrastructure, increasing healthcare R&D investments, high healthcare expenditure and others. Moreover, the rising number of cancer patients is considered to be one of the major factors that are driving the growth of the genomic biomarkers market in the North America region.(Get 15% Discount on Buying this Report)
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North America is one of the strongest economies globally, comprising around 23.3% of the world economy as per the International Monetary Fund in 2017. According to data from OECD, in 2016 the US spent almost 17.2% of GDP on healthcare expenditure, whereas Canada spent 10.6% of GDP on healthcare. Accordingly, the healthcare expenditure rate of the US is more than that of Canada, as the US government invests more in R&D. Furthermore, socio-economic factors such as health, income, population base creates more business opportunity in the US as compared to Canada. Canada has a considerable market for genomic biomarkers owing to the significant number of patients suffering from cardiac diseases such as CVD, CHD, Stroke, hypertension and other heart diseases. Canada contributes significantly to the genomic biomarkers market due to huge investment in healthcare, R&D, and the adoption of innovative technologies in the healthcare domain.
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Market Segmentation
North American Genomic Biomarker Market by Application
• Oncology
• Cardiology
• Neurology
• Others
North American Genomic Biomarker Market by End-User
• Hospitals
• Diagnostic & Research Laboratories
Regional Analysis
• United States
• Canada
Company Profiles
• Abbott Laboratories Inc.
• Agilent Technologies, Inc.
• Banyan Biomarkers, Inc.
• Beckman Coulter Inc.
• Becton, Dickson and Co.
• Bio-Rad Laboratories, Inc.
• Celgene Corp.
• Cofactor Genomics, Inc.
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