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Predictive Biomarkers Market Foreseen to Grow Exponentially Over 2017 - 2025
Predictive Biomarkers are used in the design of clinical trials where it evaluates a new drug given in defined amount, its treatment effectiveness in a particular population in which these predictive biomarkers helps to specify the population of the market. For personalized oncology biomarkers used in molecular diagnostic of lung, breast and colon cancer, chronic myeloid leukemia and melanoma.
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Predictive Biomarkers Market: Drivers and Restraints
Predictive biomarkers market is mainly driven by the factor like an increase in the prevalence rate of cancer worldwide, in turn, increasing the diagnostic applications of predictive biomarkers. Increasing R&D funding for pharmaceutical and biotechnology companies by the government and non-government players,rs market.
Predictive Biomarkers Market: Segmentation
Predictive Biomarkers
By Indication
Cancer
Neurological disorder
Cardiovascular disorder
Immunological disorder
Others
By End Users
Diagnostic Centers
Academic research institutes
CRO’s
Bio-Pharmaceutical Companies.
Neuroscientists also rely on biomarkers for diagnostic and treatment for nervous system disorders and to find out their causes. Brain, blood, cerebrospinal fluid, skin, nerve, muscle, and urine have been used to gain information about the nervous system in both the disease and healthy state.
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Predictive Biomarkers Market: Overview
Predictive Biomarkers According to an article published in Journal of Clinical and Cellular Immunology, with the advancement in high throughput technologies such as genomic and proteomic arrays, mass spectroscopy sequencing, and much more the field of biomarkers has expanded dramatically in the last 5-6 years. Cost, specificity, and sensitivity are some of the factors determining the growth of the predictive biomarkers. Pharmaceutical industries with the help of predictive biomarkers develop more effective drug and reduce the chances of failure. Predictive biomarkers rate, the increasing incidence of chronic disease demand for diagnosis and treatment is also increasing, so the predictive biomarkers market is expected to show growth with a healthy CAGR in the upcoming period.
Predictive Biomarkers Market: Region-wise Outlook
Globally, North America dominates the market of Predictive biomarkers due to an aging population which is increasing the demand for diagnosis and treatment of age-related diseases, rise in the incidence of cancer, advancement in technology and improved healthcare infrastructure in this region. North America is followed by Europe in predictive biomarkers market due to increase in research and development activities as well as an increase in funding by various organizations. Growing economies in developing countries such as India and China are expected to show growth in predictive biomarker growth in the upcoming period. Other factors like low cost for conducting clinical trials and increasing number of contract research organizations.
Predictive Biomarkers Market: Key Market Participants
Some of the major companies contributing in the Predictive biomarkers are Siemens Healthcare, Roche Diagnostic Limited, G.E. Healthcare Inc., Affymetrix, Inc., Abbott Laboratories, Qiagen, Johnson and Johnson and much more.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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