Press release
Cancer Biomarkers Market to Reach USD 60.13 Bn by 2034
The global cancer biomarkers market is undergoing rapid transformation, driven by increasing cancer prevalence, the shift toward personalized medicine, and technological advancements in biomarker discovery. Cancer biomarkers are biological molecules found in blood, other body fluids, or tissues that are indicative of a normal or abnormal process, or of a condition or disease like cancer. These markers are revolutionizing oncology by enabling earlier diagnosis, targeted therapies, and improved treatment outcomes.
In 2024, the market reached a value of USD 15.80 billion, and it is projected to grow at a CAGR of 14.30% during 2025-2034, ultimately reaching approximately USD 60.13 billion by 2034. This article presents a detailed overview of the cancer biomarkers market, answering key questions that users are searching for, including segmentation analysis, technological trends, key players, and regional insights.
Cancer Biomarkers Market Overview
The rising incidence of cancer globally, coupled with growing awareness and demand for early detection techniques, is significantly boosting the cancer biomarkers market. Biomarkers are now critical tools in oncology, used for diagnosis, prognosis, monitoring therapeutic responses, and predicting disease recurrence.
Advancements in genomics, proteomics, and bioinformatics have led to the discovery of novel biomarkers, while companion diagnostics have enhanced the clinical utility of these biomarkers, particularly in therapies involving immuno-oncology and targeted cancer drugs.
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Cancer Biomarkers Market by Type
Protein Biomarkers
Protein biomarkers are the most commonly used in clinical practice due to their high sensitivity and ease of detection through immunoassays. Examples include PSA (prostate-specific antigen) for prostate cancer and HER2 for breast cancer. The high prevalence of cancers like breast and prostate cancer contributes significantly to the demand for protein biomarkers.
Genetic Biomarkers
Genetic biomarkers include DNA, RNA, and epigenetic markers that provide valuable insights into genetic mutations and tumor behavior. They are gaining traction for personalized medicine approaches, particularly in non-invasive liquid biopsy applications. BRCA1/2 mutations, for instance, are commonly associated with hereditary breast and ovarian cancers.
Others
Other biomarker types include circulating tumor cells (CTCs), metabolites, and microRNAs. Though currently less utilized, they represent emerging areas with vast potential in clinical oncology.
Market Segmentation by Cancer Type
Lung Cancer
Lung cancer accounts for the largest share due to its high global incidence and mortality rate. Biomarkers like EGFR, ALK, and PD-L1 are routinely used for patient stratification and targeted therapies.
Breast Cancer
Breast cancer biomarker applications, including HER2, estrogen and progesterone receptors, and BRCA gene tests, are well established and continue to grow with advancements in hormone therapy and immunotherapy.
Leukemia
Molecular biomarkers play a key role in diagnosing and classifying leukemia subtypes. Genetic testing and minimal residual disease (MRD) markers have become essential in monitoring disease progression.
Melanoma
BRAF and NRAS mutations are prominent biomarkers used in melanoma, especially for selecting patients eligible for kinase inhibitors.
Colorectal Cancer
Biomarkers like KRAS, NRAS, and MSI (microsatellite instability) are being employed for prognosis and therapy selection in colorectal cancer patients.
Prostate Cancer
PSA remains the gold standard, but newer biomarkers such as PCA3 and the 4Kscore test are being explored for better diagnostic accuracy and disease monitoring.
Cancer Biomarkers Market by Application
Prognostics
Prognostic biomarkers help predict disease outcome regardless of treatment. They guide clinicians in risk stratification and long-term monitoring strategies.
Diagnostics
Diagnostic biomarkers are widely used for early detection and differential diagnosis of cancer. They play a crucial role in screening programs and improving survival rates.
Research and Development
R&D applications are seeing increased adoption in pharmaceutical and academic settings. Biomarkers are critical for drug discovery, clinical trials, and developing targeted therapies.
Others
Other uses include predicting treatment toxicity, guiding surgical decisions, and post-treatment surveillance.
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Market Segmentation by Profiling Technology
Omics
Omics technologies-such as genomics, proteomics, transcriptomics, and metabolomics-enable high-throughput biomarker discovery and validation. These platforms have become essential tools in precision oncology.
Imaging
Imaging biomarkers, including PET, CT, and MRI scans, are being integrated with molecular data to improve diagnostic accuracy and real-time monitoring.
Immunoassay
Immunoassays remain a cornerstone for detecting protein-based cancer biomarkers, offering high specificity and sensitivity at relatively low costs.
Bioinformatics
Bioinformatics platforms allow for advanced data analytics, integration of multi-omics data, and identification of novel biomarkers from large datasets. AI and machine learning are enhancing this field rapidly.
Others
Other technologies include lab-on-a-chip, liquid biopsy platforms, and point-of-care testing devices.
Market by End-user
Pharmaceuticals and Biotechnology Companies
These players are major end-users, using biomarkers in drug development, companion diagnostics, and precision medicine initiatives.
Diagnostics and Research Laboratories
These laboratories conduct biomarker-based tests for hospitals, researchers, and patients, acting as a crucial part of the supply chain.
Hospitals
Hospitals use biomarker tests for diagnosis, treatment planning, and disease monitoring. Integration with EHR systems and molecular labs is growing.
Others
Other users include academic institutions, CROs, and regulatory bodies contributing to biomarker validation and clinical studies.
Regional Analysis
North America
North America dominates the market due to a strong healthcare infrastructure, advanced diagnostic technologies, and a high prevalence of cancer. The presence of key players and robust R&D funding further boosts growth.
Europe
Europe is the second-largest market, supported by favorable healthcare policies, cancer screening programs, and growing investments in genomics and precision medicine.
Asia Pacific
Asia Pacific is expected to witness the fastest growth due to rising cancer incidence, improving healthcare access, and increasing awareness of early cancer detection.
Latin America
Although a smaller market, Latin America is seeing growth through public-private partnerships, government initiatives for cancer control, and foreign investment in diagnostics.
Middle East and Africa
Challenges like limited infrastructure and affordability persist, but ongoing development in cancer care and diagnostics is likely to open new opportunities.
Key Companies in the Cancer Biomarkers Market
Illumina, Inc.
F. Hoffmann-La Roche Ltd.
Bio-Rad Laboratories, Inc.
Qiagen N.V.
Thermo Fisher Scientific Inc.
Myriad Genetics, Inc.
Siemens Healthcare Private Limited
PerkinElmer Inc.
Bio-Techne
Hologic, Inc.
Quest Diagnostics Clinical Laboratories, Inc.
Charles River Laboratories
These companies are involved in developing cancer biomarker tests, companion diagnostics, research kits, and integrated platforms. Strategic mergers, partnerships, and product launches are common to maintain market leadership.
Future Outlook
The cancer biomarkers market is poised for significant expansion over the next decade. Technological convergence between omics, AI, and liquid biopsy will drive innovation. Additionally, the growing emphasis on personalized medicine, along with regulatory support for companion diagnostics, will unlock new opportunities for stakeholders.
As more biomarker-based therapies receive regulatory approvals and clinical validation expands, the adoption rate will rise across both developed and developing economies.
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