openPR Logo
Press release

Cancer Biomarkers Market to Reach $15,737 Million, Globally, by 2022

01-06-2017 09:56 AM CET | Health & Medicine

Press release from: Allied Market Research

Cancer Biomarkers

Cancer Biomarkers

Cancer biomarkers market growth is attributed to the rise in concern for targeted cancer therapies coupled with better companion diagnostic tests for cancer. In many cases, biomarker tests confirm the existence of diseases that can be treated at an early progression stage. In others, the biomarkers can act as a ‐surrogate end point which would help to decide whether a specific therapy is working or not. He further added, Biomarkers are an attractive part of cancer therapy, and novel agents & drugs are prescribed based on a specific target population after understanding the mutation as well as the response rate, which is anticipated to create huge opportunities for the growth of cancer biomarkers industry.

Read full summary of the report at: https://www.alliedmarketresearch.com/cancer-biomarkers-market

Cancer Biomarkers Market Report, published by Allied Market Research, forecasts that the global market is projected to reach $15,737 million by 2022 from $6,521 in 2015, growing at a CAGR of 13% from 2016 to 2022. Omic technologies segment accounted for more than half of the revenue share in 2015 and is expected to maintain its dominance during the forecast period. Europe and Asia-Pacific together accounted for more than half of the market share in 2015.

The market for cancer biomarkers is primarily driven by rise in prevalence of cancer cases, growing importance of biological & targeted drug therapies, technological advancements, and accuracy & reliability of cancer biomarkers for cancer detection. Moreover, rise in investments from government, public & private sector for biomarker research and technological advancements for cancer diagnostics have a positive impact on the market. However, high cost of drug development, threat of failure, and unregulated government regulations & reimbursement policies could restrain the market. Yet, the impact of these limitations is anticipated to reduce due to substantial surge in cancer diagnosis as well as increased focus towards advanced treatment protocols.

In terms of applications, diagnostics accounted for major share of the global cancer biomarkers market in 2015, and is projected to maintain this trend throughout the forecast period growing at a CAGR of 14%.

In terms of profiling technology, omic technology is the most popular and conventional method for biomarker detection and is projected to grow at a CAGR of 12%. However, immunoassays segment is anticipated to experience higher adoption rate, majorly due to the increase in use of flow cytometry, and is expected to grow at a CAGR of 18% during the forecast period.

Enquire more about report at: https://www.alliedmarketresearch.com/request-free-sample/1443

In the year 2015, genetic biomarkers accounted for highest revenue share and is expected to grow at a CAGR of 13% during the forecast period. The use of genetic biomarkers for detecting gene mutations and gene expressions is expected to drive the growth of the biomolecule. However, use of glyco biomarkers due to better identification of cancerous gene is further expected to increase the segment growth which is expected to grow by 14% during the forecast period.

Key Findings of the Cancer Biomarkers Market:

- Immunoassays are projected to be the fastest growing segment, growing at a CAGR of 18% during the forecast period.
- Omic technologies is anticipated to be the highest revenue generating segment followed by imaging technologies during 20162022.
- In the year 2015, genetic biomarkers was the leading segment and is projected to grow at a CAGR of 13%.
- Use of protein biomarkers was highest in North America, covering approximately 37% of the global market share in 2015.
- Europe accounted for approximately one-third of the global cancer biomarkers market in 2015.
- Asia-Pacific is estimated to be the fastest growing region in cancer biomarkers market, growing at a CAGR of 14%.
- Mexico is projected to be the fastest growing country in the North America region growing at a CAGR of 13% during the forecast period.
- China and Japan were the leading markets for cancer biomarkers in the Asia-Pacific region covering three-fifth of the total market in 2015.

North America dominated the global cancer biomarkers market. This is primarily attributed to the biomarker discoveries resulting from technological advancements. Moreover, rise in awareness about cancer as well as availability of better treatment facilities has also fueled the market growth. Europe and Asia-Pacific together accounted for around half of the market in 2015.

The companies adopted collaboration and partnership as their prime strategy to keep pace with the changing demands of consumers and strengthen their market position. The key players for this market include F.Hoffmann-La Roche Ltd., Abbott Laboratories, GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc., Bristol-Myers Squibb, Eli Lilly and Company, Pfizer, Inc., Qiagen N.V. and Genomic Health, Inc.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.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 Cancer Biomarkers Market to Reach $15,737 Million, Globally, by 2022 here

News-ID: 406936 • Views:

More Releases from Allied Market Research

Analysis of Key Players in the Distribution System Market 2023-2032 | Travelport, Pegasus, SiteMinder, INFINI
Analysis of Key Players in the Distribution System Market 2023-2032 | Travelport …
According to a new report published by Allied Market Research, titled, "Distribution System Market," The distribution system market was valued at $7.5 billion in 2022, and is estimated to reach $15.4 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/A09571 Reservation inventory is connected via a computer-based network called the Global Distribution System (GDS). In the tourism industry, GDS is widely employed particularly
Global IT Security as a Service Market Analysis: Trends, Opportunities, and Forecasts 2032
Global IT Security as a Service Market Analysis: Trends, Opportunities, and Fore …
A recent report released by Allied Market Research titled "Information Technology (IT) Security as a Service Market" revealed that the market for IT security as a service reached a value of $15.3 billion in 2022 and is projected to hit $49.7 billion by 2032, showing a steady growth rate of 12.8% from 2023 to 2032. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4380 IT Security as a Service involves the provision of cybersecurity solutions and
Consumer Cybersecurity Software Market Overview: Expected to Reach $20.2 Billion
Consumer Cybersecurity Software Market Overview: Expected to Reach $20.2 Billion
A recent report from Allied Market Research, titled "Consumer Cybersecurity Software Market," explores the landscape of cybersecurity for individuals. This market was valued at $7.8 billion in 2022 and is forecasted to reach $20.2 billion by 2032, with a growth rate of 10.1% from 2023 to 2032. Consumer cybersecurity involves safeguarding data, networks, devices, and electronic systems against malicious activities. It encompasses a wide array of tools, from business systems to
Bathtub Market Size to Grow US$ 8.9 Billion by 2027 at a CAGR of 4.3% From 2021-2027
Bathtub Market Size to Grow US$ 8.9 Billion by 2027 at a CAGR of 4.3% From 2021- …
According to a new report published by Allied Market Research, titled, "Bathtub Market by Type, Material, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2027". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The bathtub market size was valued at $7.6 billion in 2019, and is estimated to

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and