Biomarker Assay Market Supply Demand 2016-2020
Research and development of biomarker discovery along with their clinical relevance is a new aspect for the pharmaceutical industry as compared to preclinical and pure research studies. Thus there is a very large latent scope for growth in this area. Technological advancements have provided excellent tools to all healthcare areas for analysis and development of biomarkers. Overall the biomarkers segment can be classified into several types namely, predisposition biomarkers, screening biomarkers, diagnostic biomarkers, predictive biomarkers, pharmacological biomarkers and prognostic biomarkers. Advanced proteomic and genomic analytical techniques have revealed a wide spectrum of mutations and their respective mutated proteins that are highly specific to various cancer types. Today biomarkers are helping medical professionals map out the likely course, stage and grade of various cancers.
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In terms of applications, cancer biomarkers are available for various types such as lung, breast, prostate, liver, blood, colorectal, cervical, skin and pancreatic cancers. Several commercialized products in the market include BRAF mutation test, K-RAS mutation, EGFR + ALK test, BRCA, HER2, AFP, CA-19-9 & 125, CEA and others such as ROS-1, AKT and NRAS. The market for cancer biomarkers can also be segmented from the perspective of different geographies. This report intends to analyse the market for multiple regions of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. In terms of region, North America and Europe lead the market due to a very high rate of diagnoses in the regions. The developed regions also indicate the presence of niche specialty medical expertise in oncology that increases the diagnosis rates as compared to other regions of the world. Along with this, there is also a greater reach of good medical facilities in the developed regions such as United States, United Kingdom, France, Germany and Canada that adds to the prospects. This also represents an excellent opportunity for companies to acquire significant revenues from developing regions as there is a large fraction of cancer cases that go undiagnosed and unscreened for a long duration until the late stages.
The purpose of this report is to analyse the potential of screening and diagnoses of cancer in normal and at-risk people. This study is intended for manufacturers of assay kits, hospitals, medical experts, oncology experts, manufacturers of companion diagnostics and pharmaceutical companies among other avid readers who wish to understand this market. The report will benefit individuals understand the trends of the market in terms of targeted and personalized medicine and its progress. In 2014, the global cancer biomarkers market was estimated to be valued at US$ 8.0 billion and accounts for around 60% of the total biomarkers market. The cancer biomarkers market is expected to grow at a CAGR of 13% due to factors such as rising incidence of the top five cancer types that are breast, colorectal, lung, stomach and prostate. Key players in this area include Qiagen, Affymetrix, Illumina, Ambry Genetics, BioMerieux, Myriad Genetics, OriGene, Genomic Health, Molecular Response, Entrogen, Genoptix, Hoffman-La Roche and a plethora of other regional players.
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