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Oncology Biomarkers Market: Rapid Expansion and Forecast from $15.3 billion in 2024 to $29.64 billion in 2029
Oncology Biomarkers Market Size
What Is The Projected Market Size Of The Global Oncology Biomarkers Market And Its Growth Rate?
•The oncology biomarkers market size grew from $15.3 billion in 2024 to $17.43 billion in 2025 at a CAGR of 13.9%.
•The market will expand further to reach $29.64 billion in 2029, maintaining a notable CAGR of 14.2%.
What Is Driving The Growth In The Oncology Biomarkers Market?
The rise in the incidence of cancer propels the growth of the oncology biomarker market. Cancer growth is uncontrollable, and oncological biomarkers help provide detailed information about the type of cancer by studying the genes, proteins, and other substances in a patient's body. For instance, the National Library of Medicine projected that there would be 2,001,140 new cancer cases and 611,720 cancer-related deaths in the United States in 2024. Given this backdrop, the rising incidence of various types of cancer, including cervical and colorectal cancers among young adults, is likely to fuel the growth of the oncology biomarker market.
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Who Are the Key Players Driving Oncology Biomarkers Market Growth?
•F Hoffmann-La Roche AG
•Novartis AG
•Thermo Fisher Scientific Inc.
•Abbott Laboratories
•Eli Lilly and Company
•Merck KGaA
•Siemens Healthcare GmbH
•Becton Dickinson and Company
•GE Healthcare Technologies Inc.
•Eurofins Scientific SE
•Agilent Technologies Inc.
•Hologic Inc.
•Illumina Inc.
•Charles River Laboratories International Inc.
•bioMerieux SA
•Bio-Rad Laboratories Inc.
•Bruker Corporation
•QIAGEN NV
•Exact Sciences Corporation
•Sysmex Corporation
•PerkinElmer Inc.
•Leica Biosystems
•Myriad Genetics Inc.
•Guardant Health Inc.
•Enzo Biochem Inc.
•Biocartis Group NV
•Bristol -Myers Squibb Company
•Agendia Inc.
•Epigenomics AG
•OncoDNA SA
What Are The Key Trends In The Oncology Biomarkers Market?
•Standardization and quality assurance
•Shift towards functional biomarkers
•Role of biomarkers in clinical trials
•Expanded applications in immunotherapy
•Real-time monitoring of treatment responses
What Are The Segments Of The Global Oncology Biomarkers Market?
•By Biomarker Type: Protein Biomarkers, Genetic Biomarkers, Other Cancer Biomarkers
•By Profiling Technologies: Omics Technologies, Imaging Technologies, Immunoassay, Bioinformatics, Other Profiling Technologies
•By Cancer Type: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma, Leukemia, Ovarian Cancer, Liver Cancer, Other Cancer Types
•By Application: Diagnostics, Research And Development, Prognostics, Risk Assessment, Other Applications
•By End-User: Hospitals, Academic And Cancer Research Institutes, Ambulatory Surgical Centers, Diagnostic Laboratories
Which Region Leads The Oncology Biomarkers Market?
North America led the oncology biomarkers market in 2024. The report covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Oncology Biomarkers Market Global Market Report?
- Market Size Analysis: Analyze the Oncology Biomarkers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Oncology 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 Oncology Biomarkers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Oncology Biomarkers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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