Press release
Emerging Predictive Biomarkers Market Driver 2025-2034: Rising Cancer Cases To Boost Predictive Biomarkers Market Growth
Predictive Biomarkers Market Size
In recent times, the size of the predictive biomarkers market has witnessed consistent growth. It is projected to expand from $20.05 billion in 2024 to $20.96 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth observed in the past could be associated with factors such as the rise in research and development investments, the enhancement of healthcare infrastructure, collaborations between academic institutions and the industry, the increasing prevalence of cancer and genetic disorders, and the augmented utilization of biomarkers in the process of drug development.
The size of the predictive biomarkers market is predicted to experience consistent growth over the next few years, reaching $24.67 billion in 2029 with a compound annual growth rate (CAGR) of 4.2%. Reasons for this growth over the predicted period include the growing use of precision medicine, an increased focus on preventive healthcare, the rise in healthcare spending, larger investments in biomarker-based diagnostics, the expansion of biobanks and tissue depositories, and an increase in global health consciousness. Major trends noticed for the forecasted period comprise the incorporation of artificial intelligence in biomarker research, the evolution of non-invasive biomarker exams, progress in digital health tools based on biomarkers, strides forward in single-cell sequencing technologies, creation of real-time bio-sensing and tracking systems, and improvements in data integration bioinformatics tools.
What Are the Key Drivers Behind the Growth of the Predictive Biomarkers Market?
The predictive biomarkers market is anticipated to expand due to the increasing incidence of cancer. Cancer, known for its unchecked cell growth potentially leading to invasions and spreading to other body parts, is rising primarily as a result of aging populations, lifestyle transformations, and an increased exposure to hazardous elements such as tobacco, unwholesome diets, and pollutants from the environment. Predictive biomarkers play a critical role in cancer treatment by identifying patients who are likely to respond favourably to specific treatments, thereby facilitating personalized and efficient therapy. For example, a report from the International Agency for Research on Cancer (IARC), a specialized agency from France under the umbrella of the World Health Organization (WHO) concentrating on cancer research, stated in April 2024 that nearly 20 million new instances of cancer occurred and around 10 million cancer-related deaths were recorded in 2022. Additionally, the forecast indicates that the yearly new cancer cases count could escalate to 35 million by 2050, indicating a 77% surge compared to 2022. Hence, the increasing number of cancer cases will spur the growth of the predictive biomarkers market.
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Who Are the Major Industry Players Fueling Predictive Biomarkers Market Expansion?
Major companies operating in the predictive biomarkers market are Johnson & Johnson Services Inc, F Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, Abbott Laboratories, Danaher Corporation, Merck KGaA, Siemens Healthcare GmbH, Agilent Technologies Inc, PerkinElmer Inc, Illumina Inc, Bio-Rad Laboratories Inc, QIAGEN GmbH, Almac Group Limited, ArcherDX Inc, Luminex Corporation, Guardant Health Inc, Meso Scale Diagnostics LLC, Myriad Genetics Inc, NanoString Technologies Inc, Fujirebio Inc, Asuragen Inc, Biognosys AG, Epigenomics AG, OncoCyte Corporation, Biomarker Technologies Inc
Who Are the Major Industry Players Fueling Market Expansion?
Leading corporations in the predictive biomarkers market are striving to hasten the progression of biomarker innovation via state-of-the-art technology, like AI-guided biomarker detection, in order to uphold competitiveness by providing more personalized and efficient treatments at a quicker pace. The analysis of vast, multifaceted datasets is made possible by AI-guided biomarker discovery, leading to the identification of predictive biomarkers that may go unnoticed through conventional methods. For example, in July 2024, Scipher Medicine, Inc., a precision immunology firm based in the US, initiated PRoBeNet (Predictive Response Biomarkers using Network Medicine) with the objective of speeding up the creation of predictive response biomarkers for intricate diseases by employing AI and network biology. PRoBeNet detects biomarkers of therapy response by amalgamating therapy-targeted proteins and disease-specific molecular signatures. Its validation extends to autoimmune diseases like rheumatoid arthritis, ulcerative colitis, and Crohn's disease and can be used for other intricate diseases and drug development stages.
How Is the Segmentation of the Predictive Biomarkers Market Defined?
The predictive biomarkers market covered in this report is segmented -
1) By Indication: Cancer, Metabolic Disease, Cardiovascular Disorder, Immunological Disorder, Other Indications
2) By Application: Screening, Analysis, Diagnosis, Prediction, Monitoring
3) By End User: Diagnostic Centers, Contract Research Organizations, Academic Research Institutes, Pharms And Biotech Companies, Other End Users
Subsegments:
1) By Cancer: Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Ovarian Cancer, Leukemia And Lymphoma, Melanoma, Pancreatic Cancer, Kidney Cancer, Head And Neck Cancer
2) By Metabolic Disease: Type 1 and Type 2 Diabetes, Obesity, Metabolic Syndrome, Non-Alcoholic Fatty Liver Disease (NAFLD), Dyslipidemia, Insulin Resistance
3) By Cardiovascular Disorder: Atherosclerosis, Coronary Artery Disease, Heart Failure, Myocardial Infarction (Heart Attack), Arrhythmia, Hypertension, Stroke, Peripheral Arterial Disease
4) By Immunological Disorder: Autoimmune Diseases, Inflammatory Bowel Disease (IBD), Multiple Sclerosis, Psoriasis, Allergic Diseases, Asthma, Chronic Obstructive Pulmonary Disease (COPD), Immunodeficiency Disorders
5) By Other Indications: Neurological Disorders, Infectious Diseases, Renal Diseases, Osteoarthritis, Genetic Disorders, Respiratory Disorders
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What Is the Leading Region in the Predictive Biomarkers Market?
North America was the largest region in the predictive biomarkers market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the predictive biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Predictive Biomarkers Global Market Report?
- Market Size Analysis: Analyze the predictive biomarkers Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the predictive 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 predictive biomarkers market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the predictive biomarkers market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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