Biomarker Market Size and Forecast to 2029 -Abbott Laboratories, F. Hoffmann La-Roche Ltd., Epigenomics A.G, General Electric, and Johnson and Johnson. Inc, Thermo Fisher Scientific, Inc., QIAGEN NV, Siemens Healthineers AG, Bio-Rad Laboratories, Enzo Bio

The global biomarkers market size was valued at USD 51.18 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.2% from 2021 to 2028. The increasing prevalence of chronic diseases, advancements in the techniques used for the development of biomarker-based diagnostics, and the growing geriatric population are the key factors projected to boost the market growth over the forecast period. The rising number of COVID-19 cases across the globe and an increasing number of researches on the use of biomarkers for facilitating the detection & treatment of COVID-19 will also support market growth. For instance, a novel biomarker-based non-diagnostic screening device was approved by the U.S. FDA in March 2021 called Tiger Tech COVID Plus Monitor. This device is used to identify indicative biomarkers for COVID-19 and other hyperinflammatory & hypercoagulable conditions in individuals aged 5 years and above.

Some of the Top companies Influencing this Market include:

Abbott Laboratories, F. Hoffmann La-Roche Ltd., Epigenomics A.G, General Electric, and Johnson and Johnson. Inc, Thermo Fisher Scientific, Inc., QIAGEN NV, Siemens Healthineers AG, Bio-Rad Laboratories, Enzo Biochem, Inc., Diametra, and Signosis, Inc. among others.

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Biomarker Market Types:

Type (Safety, Application, Validation, Surrogate, Prognostic), Application (Diagnostics, Drug Discovery, Development, Clinical Trials, Personalized Medicine), Diseases (Cancer, Cardiovascular Diseases, Neurological Diseases, Immunological Diseases).

Biomarker Market Applications:

Diagnostics

Drug Discovery & Development

Personalized Medicines

Others

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The massive outbreak of the COVID-19 pandemic has mercilessly taken a lot of lives as well as hampered the overall rate of market growth excessively. Hence, in this condition, the market experts must take the charge of formulating some efficient ideas to get rid of this prevailing situation and maintain a substantial rate of Biomarker Market growth.

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