Press release
US Biomarkers Market worth $34.3 billion in 2029
Key players in the US biomarkers market are Thermo Fisher Scientific Inc. (US), Abbott (US), Revvity (US), Laboratory Corporation of America Holdings (US), Charles River Laboratories (US), Bio-Rad Laboratories, Inc. (US)
The report "US Biomarkers Market [https://www.marketsandmarkets.com/PressReleases/us-biomarkers-market.asp] by Product & Service (Consumable, Software), Type (Safety, Efficacy), Research Area, Technology (NGS, PCR, Mass Spectrometry), Disease (Cancer, Infectious), Application (Diagnostics, Clinical Research) - Forecast to 2029", is expected to reach USD 34.3 billion in 2029 from USD 20.5 billion in 2024, at a CAGR of 10.8% during the forecast period.
To know about the assumptions considered for the study download the pdf brochure [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43&?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=biomarkersmarket]
The growing significance of biomarkers in drug discovery and development, and the growing importance of companion diagnostics are the major driving factors of the US biomarkers market. However, high capital investments and lengthy timelines for biomarker development can hamper market growth.
The consumables segment accounted for the largest share by product & service segment in the US biomarkers market in 2023.
By product & service, the US biomarkers market is categorized into consumables, services, and software. The consumables are further sub-segmented into assay kits, reagents & chemicals, columns & filters. The consumables accounted for the largest share of the US biomarkers market in 2023. The large share of consumables is due to the necessity for high-quality products to ensure accurate test results, coupled with the repetitive need for these consumables due to ongoing sample testing in research and clinical settings. Additionally, the continuous advancements in biomarker research and increasing funding for precision medicine are further driving the demand for consumables.
The safety biomarkers segment accounted for the largest share by type segment in the US biomarker market in 2023.
By type, the US biomarkers market is categorized into safety biomarkers, efficacy biomarkers, and validation biomarkers. The efficacy biomarkers are subsegmented into predictive biomarkers, surrogate biomarkers, pharmacodynamics biomarkers, and prognostic biomarkers. The safety biomarkers segment is expected to grow at the highest CAGR during the forecast period. This is due to their importance in ensuring the safety of pharmaceuticals and healthcare interventions. Safety biomarkers are designed to assess the safety profiles, potential adverse effects, and toxicity levels of drugs and treatments during clinical trials and post-marketing surveillance.
The NGS segment is expected to grow at a higher rate during the forecast period.
Based on technology, the US biomarkers market has been segmented into immunoassays, NGS, PCR, mass spectrometry, chromatography, and other technologies. The immunoassay technology is subsegmented into ELISA, western blot, and protein microarray. In 2023, the immunoassays segment accounted for the largest share of the biomarkers market, and the NGS segment is expected to grow at a higher growth rate during the forecast period of 2024-2029. The immunoassay segment's growth is driven by its extensive use in clinical settings for diagnosing diseases, monitoring treatment effectiveness, and predicting patient outcomes.
The need for advanced therapies due to the increased prevalence rate of cancer has contributed to the growth of the US biomarkers market.
Key players in the US biomarkers market are Thermo Fisher Scientific Inc. (US), Abbott (US), Revvity (US), Laboratory Corporation of America Holdings (US), Charles River Laboratories (US), Bio-Rad Laboratories, Inc. (US), Agilent Technologies, Inc. (US), Quanterix (US), MESO SCALE DIAGNOSTICS, LLC. (US), Celerion (US), Standard BioTools (US), BioAgilytix Labs (US), NorthEast BioAnalytical Laboratories LLC (US), Signosis, Inc. (US), Serimmune (US), and Singulex, Inc. (US).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=43 [https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=43&?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=biomarkersmarket]
About MarketsandMarkets Trademark
MarketsandMarkets Trademark has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore Trademark , which integrates research and provides ecosystem-wide visibility into revenue shifts.
In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=us-biomarkers-market-worth-343-billion-in-2029]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/PressReleases/us-biomarkers-market.asp
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release US Biomarkers Market worth $34.3 billion in 2029 here
News-ID: 3970356 • Views: …
More Releases from ABNewswire
Cheapest New York Rangers Hockey Tickets Online: Use CITY10 for Extra Savings at …
Find the cheapest New York Rangers hockey tickets online for the upcoming season at CapitalCityTickets.com. From Madison Square Garden home games to exciting road matchups, fans can score big savings on every ticket. Use promo code CITY10 at checkout for an extra 10% off already discounted prices. Don't miss your chance to experience the Rangers live on the ice while keeping your budget in check. Secure your New York Rangers…
Cheapest Atlanta Hawks Tickets Online for 2025-26 Season: Save 10% with Promo Co …
Score the cheapest Atlanta Hawks tickets for the 2025-26 NBA season at CapitalCityTickets.com. Whether you're looking for seats at State Farm Arena or catching an away matchup, you'll find unbeatable prices across all sections. Use promo code CITY10 at checkout to save an extra 10% on already discounted tickets. Don't miss your chance to cheer on the Hawks live this season while enjoying big savings on every purchase. Get your…
Retirement Expert Warns of Severe Consequences for Seniors as Government Shutdow …
As the federal government shutdown enters its third day, millions of America's seniors are increasingly concerned about accessing programs and benefits they rely on for daily survival, according to Yehuda Tropper, CEO of Beca Life Settlements and long-time senior financial security advocate.
The shutdown threatens to disrupt Social Security Administration operations, Medicare services, and the many programs that are a financial and healthcare lifeline for an estimated 66 million older Americans.…
From Lab to Love: The Lab-Grown Diamond Revolution Arrives at Diamond Exchange H …
In an age where sustainability, value, and beauty intersect, the search for the perfect lab-grown diamond engagement ring has never been more compelling. Today, savvy couples in Houston are discovering how to find a ring that blends ethical sourcing, exquisite craftsmanship, and fair pricing - and Diamond Exchange Houston is stepping into the spotlight as a go-to destination for those in pursuit of the ideal lab-grown diamond.
In an age where…
More Releases for Laboratories
Tapentadol Market Key Players | IPCA Laboratories Ltd., Lupin Laboratories Ltd., …
The growing prevalence of chronic diseases is leading to the high occurrence of chronic musculoskeletal pain, which is likely to create an upswing in the demand for tapentadol worldwide. Tapentadol is also used for the treatment of moderate to severe acute pain. The potency of this treatment lies somewhere between that of morphine and tramadol. Despite the lower occurrence of side effects, its analgesic efficacy is comparable to that of…
Food Safety Testing Market forecast 2017-2025 : Eurofins Laboratories, Idexx Lab …
Food Safety Testing Market: Snapshot
The food safety testing market has become a crucial part of the growing food and beverage industry around the world in recent years. The key factor responsible for the rapid growth of the food safety market is the variety of food purchasing and consumption options now available to urban consumers, which has led to a corresponding reaction from regulatory bodies. The rapid evolution of the food…
Food Additives Testing Market Key Trends Analysis- Bio-Rad Laboratories, Lloyd†…
The global Food Additives Testing market will reach xxx Million USD in 2017 with CAGR xx% 2018-2023. The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.
Request a sample this report: https://www.bigmarketresearch.com/request-sample/2847483/?utm_source=OPR-SL
The Competitive landscape of the Food Additives Testing Market profiles…
Global Infertility Treatment Devices Market 2019 - Abbott Laboratories, Bio-Rad …
The Global Infertility Treatment Devices Market 2019 - overview combining the data integration and analysis capabilities with the relevant findings, the report has predicted strong future growth of the market. The research analyst combining secondary research which involves reference to various statistical databases, relevant patent and regulatory databases and a number of internal a nd external proprietary databases. Cell Line Development Equipment report has focused on each region market…
Esoteric Testing Market by Top Key Players Foundation Medicine, ACM Global Labor …
Esoteric Testing Market report is an in-depth study on Healthcare IT industry. This report uses SWOT analysis to show the drivers and restrains of Esoteric Testing Market. It includes the recent developments, products launches keeping the track for recent acquisitions, merges, joint ventures and competitive research in the Healthcare IT industry. The report provides comprehensive study on market definition, classifications, applications, engagements, and global industry trends. It’s also main focus…
In Vitro Diagnostics Quality Control Market | Industry Key Players - Abbott Labo …
The global in vitro diagnostics quality control market report provides a complete overview of the global market, covering the growth trajectory exhibited by the market in recent years and the key factors responsible for it, the current position of the in vitro diagnostics quality control market with respect to the various factors that affect its growth, and the likely growth prospects of various components of the Global in Vitro Diagnostics…
