SA-BRC Releasing New Report on Cancer Biomarker Testing Market: 2017-2021technologies for development of point-of-care test marked a beginning of new era in the cancer diagnostics and treatment. Researchers across the globe are engaged in discovery of novel biomarkers that are involved in disease progression and studying their role at every stage. These biomarkers prove to be the best therapeutic targets and provide valuable inputs for drug development.
Cancer biomarker testing can help in designing treatment regimen for various cancer types. These tests also provide inputs in studying cancer progression and metastasis. Results obtained from biomarker testing can also help in predicting chances of recovery and recurrence of particular cancer type. An array of markers are currently being targeted for diagnosis of wide range of cancers. For example, ALK gene rearrangements and overexpression is used for Non-small cell lung cancer and anaplastic large cell lymphoma, Beta-2-microglobulin (B2M) is used for Multiple myeloma, chronic lymphocytic leukemia, and lymphomas, HER2/neu gene amplification is used for breast cancer, gastric cancer. As more cancer biomarkers are discovered, the cancer biomarkers market would grow rapidly in the future.
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National Cancer Institute, U.S. estimates over 1.68 million new cancer cases diagnosed in the U.S. in 21016. In U.K. 0.35 million new cancer cases were recorded according to Cancer Research U.K. Globally more than 8 million patients die due to cancer. Due to lack to data, accurate prevalence of cancer remains unknown in Africa; however it is estimated that 1.2 million new cases would be registered by 2030. Large percentage of cancer patients reside in low and middle income countries, where diagnosis rate is too low; maximum cases being diagnosed in the late stages. Such high prevalence of cancer and increasing mortality rate will continue to support the cancer biomarkers market globally. Increased government funding for cancer research and improved understanding of cancer biomarkers has helped in sourcing novel biologically actively molecules for treatment of various types of cancer. Technological advances in genetic sequencing and companion diagnostics has allowed the development of targeted therapy. These factors have provided necessary leverage for the overall market growth.
Key players in the cancer biomarkers market include Roche, and Thermo Fisher Scientific, Inc., Abbott Laboratories, Alere Inc., bioMerieux SA, Hologic, Inc., Illumina, Inc., and various others.
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Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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