Biomarker Translation Services Market would rocket up to USD 130.92 billion by 2029, and is expected to undergo a CAGR of 11.0%

Biomarkers (also known as signature molecule or molecular marker) are basically utilized to check how the body responds to treatment of any condition or disease and assist in examining the organ functions and other health conditions. These play a vital role in the imaging technology so that they can provide clear imaging of oncology tumors and other problems.

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Biomarker Translation Services Market Dynamics

Opportunities

Biomarker technologies are also being promoted by governments, which are boosting financing for biomarker research. As a result, increased R&D activities will likely boost the biomarker translation services market forward in the coming years. Furthermore, the increasing use of biomarker technologies in drug development and genome mapping studies, as well as a growing inclination for tailored medications, are driving the biomarker translation services market.

Drivers

Increasing number of patients with rising population

The rising need for non-invasive cancer diagnostics is one of the major factors propelling the biomarkers translation services market forward. Furthermore, the rising number of cancer patients and research programmes, as well as the rise in unhealthy lifestyles and chronic diseases like as diabetes and cardiovascular problems, all contribute to the market's overall growth.

Some of the major players operating in the biomarker translation services market are:

F. Hoffmann-La Roche Ltd. (U.S.)
Thermo Fisher Scientific Inc. (U.S.)
Abbott (U.S.)
QIAGEN (Germany)
PerkinElmer, Inc. (U.S.)
Merck KGaA (Germany)
Bio-Rad Laboratories, Inc. (U.S.)
Enzo Biochem, Inc. (U.S.)
Charles River Laboratories International, Inc. (U.S.)
Eurofins Scientific (Luxembourg)

Scope: 

Functional Genomics

Transfection
Real-time PCR
RNA Interference
Mutational Analysis
SNP Analysis
Microarray Analysis

End Use

Clinical Research
Government and Academic Institutes
Biotechnology and Pharmaceutical Companies
Hospitals and Clinics
Others

North America dominates the biomarker translation services market due to the growing number of geriatric population along with adoption of innovative medical technology.

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This release was published on openPR.