Cancer Biomarkers Market Size To Reach USD 41.04 Billion By 2028 | Top Key Players Abbott Laboratories, Agilent Technologies, Merck & Co Inc.

High target disease prevalence, product launches, increasing strategic developments such as partnerships and agreements, favourable research funding scenario are key factors contributing to high CAGR of Cancer Biomarkers during forecast period.

According to the current analysis of Reports and Data, the global Cancer Biomarkers market was valued at USD 16.43 Billion in 2020 and is expected to reach USD 41.04 Billion by year 2028, at a CAGR of 12.75%.

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 2020, 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.

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The global Cancer Biomarkers market is expected to register significant growth throughout the forecast period. The pharmaceutical & healthcare sector has register significant revenue growth over the recent past. Technological advancements in the healthcare and medical sector, availability of latest tools and techniques, increasing investments in the healthcare sector and improving healthcare infrastructure are key factors boosting market growth. In addition, rising funds by several public and private sectors, high adoption of POC diagnosis and home care settings, is further fueling market growth.

The current pandemic has been very challenging for all industries including the healthcare and pharma sector. Shortage of medicines, vaccines and others healthcare facilities is expected to open lucrative growth opportunities for market players in going ahead.

Competitive Landscape:

The report offers detailed information about recent activities by market players, their market position, financial status, global standing, services and product portfolio along with license agreement. These key players are adopting various strategies such as partnerships, collaborations, merger and acquisitions, and joint ventures to gain robust footing in the market. These players are also investing in research and development activities to come up with enhanced materials and products.

Further key findings from the report suggest:

• 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

• The market for lung cancer disease type segment (i.e. small cell lung cancers, non-small cell lung cancers) is expected to hold the fastest growing CAGR because of increase in population who smoke and due to very low air purity

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

• 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

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

• 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

• 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

• Key participants include Abbott Laboratories, Agilent Technologies, Merck & Co Inc., Novartis, Pfizer, Qiagen N.V and Thermo Fischer Scientific Inc

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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:

Biomolecule Type (Revenue, USD Million; 2020–2028)

• Genetic Biomarkers
• Epigenetic Biomarkers
• Proteomic Biomarkers
• Glycoprotein Biomarkers

Disease Type (Revenue, USD Million; 2020–2028)

• Breast Cancer
• Blood Cancer
• Lung Cancer
• Cervical Cancer
• Colorectal Cancer
• Melanoma
• Ovarian Cancer
• Liver Cancer
• Stomach Cancer

Profiling Technologies (Revenue, USD Million; 2020–2028)

• 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; 2020–2028)

• Risk Assessment
• Prognostics
• Disease Diagnosis
• Personalised Medicine
• Drug Discovery and Development

Method (Revenue, USD Million; 2020–2028)

• Sample Preparation
• Assay Development
• Biomarkers and Testing

Regional Outlook: (Revenue, USD Million; 2020–2028)

• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o Spain
o France
o Italy
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
• Middle East and Africa (MEA)

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Key findings in the report:

• Information about key trends, technological developments, growing focus on drug discovery and investments in research and development activities

• Detailed insights about manufactures, product portfolios, pricing analysis and financial pricing

• Technological developments and detailed analysis in the volatile competitive landscape.

• New strategies adopted by new and emerging market players

• Estimation about manufactures, sales and import and export dynamics

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