Press release
Cancer Biomarkers Market Size Expected to Hit US$ 48,438 Million by 2035, exhibiting 13% CAGR: Fact.MR Analysis
Cancer Biomarkers Market
The sharp surge is due to the growing demand for early diagnosis techniques and individualized medicine strategies using biomarker-based diagnostic tests to personalize cancer treatment for patients. Advances in proteomics, genomics, and digital pathology have supported the development of highly sensitive and specific biomarkers.
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Country-wise Analysis
The U.S. cancer biomarkers market is anticipated to grow at 10.1% CAGR during the forecast period. As a global precision medicine and oncology research leader, the U.S. has built a strong platform for developing and implementing cancer biomarkers.
UK cancer biomarkers market is anticipated to grow at 9.0% CAGR over the forecast period. Growing interest in the early-stage diagnosis of cancer and the country-wide drive toward precision medicine is fueling adoption toward biomarker-based diagnostics.
The French market for cancer biomarkers will expand at an 8.5% CAGR over the forecast period. Personalized medicine has been a priority in France through national cancer plans, and this has fostered a favorable research and implementation environment for cancer biomarkers. Molecular profiling of cancer treatment guidelines is becoming more standardized, particularly in breast, lung, and colorectal cancers.
Italy will grow at 8.1% CAGR over the study period. Increasing incidence of cancer and increasing emphasis on value-based care are driving the application of cancer biomarkers in Italy. The use of molecular diagnostics in country guidelines for cancer treatment has increased with more importance, especially for the management of colorectal, breast, and lung cancer.
The South Korean cancer biomarkers market will grow at a 7.7% CAGR through the study period. Government focus on biotechnology and medical device innovation is driving the uptake of sophisticated diagnostic solutions, such as cancer biomarkers. Personalized medicine is being aggressively implemented across public healthcare facilities in South Korea, with additional hospitals embracing molecular and genomic tests.
Segment-wise Analysis
By Test Type
The market for cancer biomarkers is categorized on the basis of test type, where PSA (Prostate-Specific Antigen) Tests and CA (Cancer Antigen) Tests are the most commonly used diagnostic tests. The PSA tests segment will have an estimated share of approximately 12% by 2025, whereas CA tests have about 11%.
By Disease Indication
Under disease indications, the cancer biomarkers market has lung cancer and breast cancer segments. 18% of the market is commanded by breast cancer and 20% by lung cancer.
Competitive Outlook
The cancer biomarkers market is intensely competitive because there are many diversified diagnostics firms, pharma titans, and genomics revolutionaries present.
Post-2024, competition is intensifying around the ideas of biomarker-based precision medicine, companion diagnostics, and MCED (multi-cancer early detection) panels. F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Illumina, Inc., QIAGEN, and Abbott Laboratories are a few of the dominant players who rule the landscape through varied molecular diagnostics portfolios and wide-ranging research collaborations.
These diagnostics include companion diagnostics, biomarker discovery, and liquid biopsy solutions as part of its oncology diagnostics business.
Roche also leverages synergies across its pharmaceutical and diagnostics businesses to accelerate drug development with biomarkers. Thermo Fisher Scientific enhances its competitive advantage through next-gen sequencing (NGS) platforms, the scope of biomarker assay offerings, and acquisition tactics that enhance its oncology diagnostic capabilities.
Illumina has been among the pioneering firms in genomic sequencing and, therefore, would act as a foundation for biomarker discovery using its high-throughput platforms.
As a result of the mounting pressure on developing new methods for early detection of cancers, Illumina also collaborated with other diagnostic developers seeking strategic alliances in this area. QIAGEN manufactures PCR- and NGS-based tests and has robust partnerships with pharmaceutical firms, which helped it establish a strong position in companion diagnostics.
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Key Players
Abbott Laboratories
Merck & Co., Inc.
Thermo Fisher Scientific Inc.
Illumina, Inc.
bioMérieux SA
QIAGEN
Agilent Technologies, Inc.
Hologic, Inc.
Novartis AG
F. Hoffmann-La Roche Ltd.
Genomic Health, Inc.
Segmentation
By Test Type :
PSA Tests
CTC Tests
AFP Tests
CA Tests
HER2 Tests
BRCA Tests
ALK Tests
CEA Tests
EGFR Mutation Tests
KRAS Mutation Tests
Others
By Disease Indication :
Breast Cancer
Lung Cancer
Colorectal Cancer
Melanoma
Blood Cancer
Prostate Cancer
Ovarian Cancer
Stomach Cancer
Liver Cancer
Others
By Region :
North America
Europe
Asia Pacific
Latin America
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