Blood-Based Biomarker Market Beyond the Needle: The Future of Diagnostics Lies in the Blood-Based Biomarker Market

Blood-Based Biomarker Market worth $51.71 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Blood-Based Biomarker Market - (By Type (Screening Biomarker, Diagnosis Biomarker, Others), By Disease (Cancer, Neurological Disorders, Others), By Application (Diagnostics, Drug Discovery, Personalized Medicine)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Blood-Based Biomarker Market is valued at US$ 18.25 Bn in 2022, and it is expected to reach US$ 51.71 Bn by 2031, with a CAGR of 12.44% during the forecast period of 2023-2031.

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Biomarkers are chemicals, genes, or characteristics present in live organisms that can be measured and examined to determine the normalcy or abnormality of biological processes, the course of a disease, or the efficacy of a treatment. Biomarkers exist in various biological samples, including tissues, blood, urine, and saliva. The increased prevalence of chronic illnesses such as cancer, heart disease, neurological problems, and infectious diseases is one of the primary growth areas for the biomarkers industry.

Proteomics and metabolomics are two examples of the omics technologies driving market figures. Omics technologies have fundamentally altered the field of biomarker research by enabling the identification and analysis of a wide range of biomarkers in biological samples, including tissue, blood, and urine. The rising prevalence of chronic illnesses and the advancements in biomarker development and biomarker-based diagnostic methods, such as biomarker signatures,

which improve the prognosis for neurological disorders, explain this. In addition, the usage of these medications will be fueled in the coming years by the ageing population, an increase in infectious disease cases, and rare genetic disorders. These compounds are used in safety assessments, drug development, and diagnosis to ascertain the presence or risk of specific diseases.

List of Prominent Players in the Blood-Based Biomarker Market:

• Diadem srl
• Proteomedix
• Cleveland Diagnostics
• F. Hoffmann-La Roche Ltd.
• GENFIT
• Nutech Cancer Biomarkers India Pvt Ltd.
• SysmOex Corporation,
• Minomic,
• Creative Diagnostics,
• Eisai Co., Ltd.,
• C2N Diagnostics
• Others

Market Dynamics:

Drivers-
Scientific advancements, enhanced understanding of biomarker utility, the possibility of therapeutic efficacy, and supportive regulatory frameworks have all contributed to increased investment in biomarker research. Biomarkers promise to transform healthcare delivery since they enable accurate diagnosis, timely treatment decisions, continuous monitoring of illnesses,

and early identification. Pharmaceutical businesses, biotechnology companies, research institutes, and governmental entities have all made substantial investments with the aim of enhancing patient outcomes and decreasing healthcare expenses. Consequently, this adds to the lucrative growth of the market.

Challenges:
Payroll choices often demand evidence of the cost-effectiveness and clinical utility of biomarker tests. This data includes information on test accuracy, clinical outcomes, the impact on patient treatment, and possible cost savings. In particular, producing the necessary evidence for novel biomarkers can be costly and time-consuming.

Limited reimbursement coverage or delays in reimbursement decisions may hinder the market availability and adoption of biomarker testing, especially for novel or inventive biomarkers.

Regional Trends:
The North American Blood Biomarker Market is expected to register a major market share in terms of revenue, and it is projected to grow at a high CAGR in the near future. The biotech and pharmaceutical industries in North America are among the best in the world, and they have invested heavily in the study and advancement of biomarkers.

Market advancement is facilitated by this element. Biomarker-based diagnoses and treatments are also supported by the region's well-established healthcare infrastructure and advantageous government regulations. Moreover, throughout the forecast period, the growth of the worldwide blood-based biomarkers market is anticipated to be driven by the rising occurrence of neurological illnesses and cancer.

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Recent Developments:

• In May 2023, Proteomedix made an official declaration regarding the agreement that has been reached, whereby Labcorp will take sole responsibility for developing and commercialising the Proclarix® Prostate Specific Antigen (PSA) test within the United States. Proclarix was developed to assist in identifying the risk of prostate cancer in men without a cancer suspicion who had an elevated total prostate-specific antigen (PSA) and a digital rectal

examination demonstrating an enlarged prostate volume. The procedure utilized the identical blood sample as the PSA test. When applicable, the test provided a non-invasive substitute for a prostate biopsy, a procedure known for its substantial adverse effects.

Segmentation of Blood-Based Biomarker Market-
By Type-
• Screening Biomarker
• Diagnosis Biomarker
• Others
By Disease-
• Cancer
• Neurological Disorders
• Others
By Application-
• Diagnostics
• Drug Discovery
• Personalized Medicine
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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