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Global Biomarker Technologies Market - Industry Trends and Forecast to 2029

Global Biomarker Technologies Market - Industry Trends

Global Biomarker Technologies Market - Industry Trends and Forecast to 2029
Patterns of gene expression are widely utilized to identify various diseases. Biomarkers are used in diagnosis of various diseases such as infectious diseases, cancer, autoimmune diseases, and others. The increase in prevalence of various diseases is rising the demand for biomarker technologies.
• Biomarkers are known to have the ability to diagnosis disease at early stage. Global biomarker technologies market was valued at USD 32,203.40 million in 2021 and is expected to reach USD 93,487.04 million by 2029, registering a CAGR of 14.25% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Biomarker refers to a biological characteristic that is measured and evaluated as a maker of pathological processes or normal biological or a response to a therapeutic intervention. Biomarkers are widely utilized in diagnosis of various diseases, such as infectious diseases, cancer, and autoimmune diseases, among others.
Biomarker Technologies Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
• Funds and Grants
The surge in investments in the form of funds and grants for biomarker research accelerate the market growth.
• Diagnostic Biomarker Technology
The inclination from conventional approach of pathophysiology/epidemiology to biomarker studies due to the technological advances further influence the market.
• Prevalence of Cancer
The increase in the prevalence of cancer across the globe acts as one of the major factors driving the growth of biomarker technologies market.
Opportunities
Furthermore, increase in demand for personalized medicine extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, continuous product innovation will further expand the market.
Restraints/Challenges
On the other hand, the high capital investments and lengthy timelines for biomarker development are expected to obstruct market growth. Also, technical issues related to sample collection and storage are projected to challenge the biomarker technologies market in the forecast period of 2022-2029.
This biomarker technologies market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on biomarker technologies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Biomarker Technologies Market
Covid-19 had a positive impact on the biomarker technologies market. The increase in the number of COVID-19 accelerated the development of the biomarker technologies. Chinese research team pinpointed SARS-CoV-2 coronavirus infection from the molecular markers in the blood that are predictive of acute COVID-19. The biomarkers have become essential in clinical decision making for numerous infectious diseases treatment procedures.
Recent Development
• F. Hoffmann-La Roche Ltd. launched two cardiac biomarker tests for N-terminal pro-brain natriuretic peptide test (NT-proBNP) and high sensitive cardiac troponin T (cTnT-hs) in April'2021. The cardiac biomarkers assist clinicians in diagnosing heart attacks and manage heart failure better.
• QIAGEN N.V. (Netherlands) launched first FDA-approved tissue companion diagnostic, therascreen KRAS RGQ PCR Kit in May'2021. The diagnostics will identify the KRAS G12C mutation in NSCLC tumors and expand precision medicine options.

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