Press release
Biomarkers Market: Accelerating at a CAGR of 14.7% with Rising Demand for Personalized Medicine and Early Disease Detection
Biomarkers Market
What Is The Projected Market Size Of The Global Biomarkers Market And Its Growth Rate?
The Biomarkers market demonstrates a promising growth trajectory. Key data include:
- Market size in 2024: $68.77 billion
- Expected market size in 2025: $78.14 billion, growing at a CAGR of 13.6%
- Predicted market size in 2029: $135.14 billion, surging at an impressive CAGR of 14.7%
Growing focus on early disease detection and prevention, expansion of biomarkers in oncology and immunotherapy, among other factors, are anticipated to fuel the surge in the forecast period.
What Is Driving The Growth In The Biomarkers Market?
The alarming rise in heart diseases is significantly driving the growth in the Biomarkers market. The use of biomarkers for heart disease diagnosis has considerably increased. Natriuretic peptides are the most employed biomarker, assisting in heart failure diagnosis and treatment. Reports anticipate an upsurge in cardiovascular risk factors between 2025 and 2060, paving the way for an accelerated demand for biomarkers.
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Who Are the Key Players Driving Biomarkers Market Growth?
Key players steering the Biomarkers market include:
- Enzo Biochem Inc
- Bio-Rad Laboratories Inc.
- Merck KGaA
- PerkinElmer Inc.
- QIAGEN N. V.
- Adaptive Biotechnologies Corp.
- Agilent Technologies Inc.
- Biocrates Life Sciences AG
What Are The Key Trends In The Biomarkers Market?
Notable trends impacting the Biomarkers market include:
- Development of multi-biomarker panels
- Emergence of exosome-based biomarkers
- Adoption of point-of-care biomarker testing
- Integration of real-world data in biomarker research
- Exploration of microbiome-based biomarkers
What Are The Segments Of The Global Biomarkers Market?
The Biomarkers market is segmented into:
- By Technology: Safety Biomarkers, Efficacy Biomarkers, Validation Biomarkers
- By Disease: Neurological Diseases, Cancer, Immunological Diseases, Cardiovascular Diseases, Other Diseases
- By Type: Biomarker Of Exposure, Biomarker Of Diseases
- By Audiences: Pharmaceutical Companies, Government And Private Research Institutes, Academic Institutes, Medical Device Manufacturing Companies
Which Region Leads The Biomarkers Market?
North America dominated the Biomarkers market in 2024. However, Asia-Pacific is predicted to be the fastest-growing region during the forecast period. This analysis covers various regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Biomarkers Market Global Market Report?
- Market Size Analysis: Analyze the Biomarkers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biomarkers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biomarkers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biomarkers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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