Genomic Biomarkers Market Set for Rapid Growth: Projections Show a CAGR of 17.5% Enabling a Surge from USD 7.59 Billion in 2022 to USD 27.59 Billion by 2030

Discover a detailed exploration of the genomic biomarkers Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.

The genomic biomarkers report serves as a compass for understanding consumer demands, preferences, and evolving tastes for specific products. Serving as a validated information source, this report offers a panoramic view of prevailing market trends, scenarios, opportunities, and status. It meticulously encompasses all facets of the market essential for crafting an exceptional and superior market research report. Within this genomic biomarkers market analysis, an in-depth exploration of segments expected to experience rapid growth within the forecasted time frame is provided, offering granular market insights crucial for making astute business decisions.

Methodically gathering, recording, and analysing data concerning the marketing of goods and services, this genomic biomarkers market report delivers an exemplary market research dossier to businesses. Featuring CAGR value fluctuations projected for the market within the forecast period, this report equips businesses with excellent solutions to overcome myriad challenges. The comprehensive market information embedded within this genomic biomarkers report is poised to foster business growth and enhance return on investment (ROI) significantly.

Data Bridge Market Research analyses that the global genomic biomarkers market, which is USD 7.59 billion in 2022, is expected to reach USD 27.59 billion by 2030, at a CAGR of 17.5% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Growth Drivers:

The rising number of patients with neurological diseases will propel the market growth
Genomics technology advancement and ongoing laboratory test development have improved the market situation. The Alzheimer's Society estimates that 5.8 million Americans over 50 will have Alzheimer's dementia in 2019, and this is expected to rise to 14 million by the year 2050. Hence, there is an urgent demand for genetic biomarkers that might support market expansion globally due to the rising number of patients with neurological diseases.

Increased government healthcare spending will drive the market growth
The market is anticipated to grow due to factors such as the growing availability of genetic biomarkers in hospitals, increased government healthcare spending, and various hospital initiatives that treat chronic diseases. For instance, according to the Centers for Medicare & Medicaid Services (CMS), national health spending in the United States is expected to reach over USD 6.0 trillion by 2027 after increasing by an average of 5.5% year between 2018 and 2027. As a result, this component will be essential in expanding the genomic biomarkers market.

Notably, the report emphasizes the engagement of essential entities, including:

Thermo Fisher Scientific (U.S.)

Hoffmann-La Roche Ltd (Switzerland)
Myriad Genetics, Inc (U.S.)

Eurofins Scientific (Luxembourg)

QIAGEN (Germany)

Bio-Rad Laboratories, Inc. (U.S.)

MedGenome (India)

Almac Group (U.K.)

Sema4 (U.S.)

GENOME LIFE SCIENCES (India)

Creative Diagnostics (U.S.)

FOUNDATION MEDICINE, INC. (U.S.)

Quanterix (U.S.)

Decoding Market Nuances: Key Takeaways

Holistic Market Share Assessment
Thorough evaluation of market shares globally and regionally.
Parent Market Dynamics & Growth Prospects
Uncover dynamics of the parent market and potential growth areas.
Order Management Software Analysis
Delve into current and future trends of global order management software.
Dynamic Industry Shifts
Navigate through evolving industry dynamics.
Key Players' Strategies & Product Landscape
Understand strategies and product landscapes of key industry players.
Market Size: Past, Present, and Future
Comprehensive examination of historical, current, and projected market sizes.
Strategic Profiling for Informed Decisions
Strategically profile key players, analyzing market positions and competencies.
Key Market Segmentation

By Type (Predictive Biomarkers, Prognostic Biomarkers), Disease Indication (Oncology, Cardiovascular Diseases, Neurological Diseases, Renal Disorders, Others), Validation (Analytical Validation, Clinical Validation, Clinical Utility), End-User (Diagnostic and Research Laboratories, Hospitals Others)

Intended Audience:

Companies within the genomic biomarkers industry


Investors and analysts keen on the genomic biomarkers market


Individuals seeking insights into the dynamics of the genomic biomarkers market
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