The Cancer Biomarker Market report study descriptively charts out the competitive dashboard comprising of eminent players commanding a hefty chunk of the global market share, in consort with their portfolios & business strategies.
Cancer Biomarker Market Research Report: By Types (Protein Biomarker, Genetic Biomarker), By Applications (Diagnostic, Prognostic, Therapeutic), By End Users (Pharmaceutical and Biotechnology Companies, Diagnostic Companies) – Forecast till 2023
Overview:
The global Cancer Biomarker Market is making significant progress and is expected to register a CAGR of 15.8% during the forecast period of 2018 to 2023. Market Research Future (MRFR) studied various cancer biomarkers market trends to understand various dynamics that can impact the growth of the market.
Drivers & Restraints:
The global market for cancer biomarkers is expected to boost from the rising investment in research and development projects that are constantly trying to launch better products and improve the accuracy level. Both governments and private bodies are spending substantial amounts to back the market to get hold of better quality clinical cancer biomarkers. This market is getting impacted a lot by an unhealthy lifestyle as the latter triggers chances of developing the disease. Also, the expanding cancer tumor profiling market is expected to boost the global market. FDA is also showing significant interest in providing tailwinds.
However, the market is still expected to get dampened by the fact that these biomarkers often display a low-level of the outcome. This muddles the chances of getting good reimbursement policies, which forces people with not so sound financial background to opt-out.
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Segmentation:
The global report on the cancer biomarker market has been segmented into types, applications and end users. These segments have data that have been fetched by analysts and studied on the basis of factors, drivers, figures, graphs, and charts, which make them more reliable.
By types, the report on the cancer biomarker market discusses segments like genetic biomarker, protein biomarker, and others.
By application, the study containing details of the cancer biomarker market has been segmented into prognostic, diagnostic, and therapeutic. The diagnostic segment includes imaging and non- Imaging. The imaging segment is slated to grow substantially due to the rising demand for better diagnosis and treatment.
By end users, the global cancer biomarker market has been studied on the basis of segments, including diagnostic tool companies, healthcare it/big data companies, pharmaceutical and biotechnology companies, and clinical laboratories.
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Regional Analysis:
The Americas leads the global market in terms of both volume and value. This is due to the infrastructural superiority, inclusion of top-end technologies, continuous influx of investment, awareness among people, government initiatives, private interests, and others. Research-related activities are flourishing in countries like the US and Canada. In Europe, the market will grow with government support. However, the market is not expected to be deterred much by the ongoing COVID-19 crisis.
Competitive Landscape:
Becton Dickinson (U.S.), F. Hoffmann-La Roche AG (Switzerland), Bristol-Myers Squibb (U.S.), Bio-Rad Laboratories (U.S.), PerkinElmer, Inc. (U.S.), Merck & Co., Inc. (U.S.), Pfizer Inc. (U.S.), Abbott Laboratories (U.S.), Novartis AG (Switzerland), Thermo Fisher Scientific Inc. (U.S.), GlaxoSmithKline plc. (U.S.), QIAGEN N.V (U.S.), Eli Lilly and Company (U.S.), Illumina Inc. (U.S.), and others are expected to play crucial roles in taking the global cancer biomarker market forward. These companies deploy measures, including innovations, product launch, branding, collaboration, heightened research investment, merger, and acquisition, among others. MRFR tracks these moves to understand the impact of these players and how much they are getting inspired by trends. This helps in gauging the market prospect.
Industry News:
In June 2020, researchers from PureTech revealed that therapies targeting galectin-9 are helping in the impediment of tumors. The report also includes galectin-9 as a major biomarker that can help in segmenting patients.
In June 2020, ARTIDIS AG announced that its nanotechnology platform for cancer diagnosis reached the primary endpoint in the “NANO” clinical study. It was designed to provide studies on nanomechanical biomarkers and evaluate breast biopsies.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and Wherever Required We Will be Considering Covid19 Footprints for a Better Analysis of Markets and Industries. Cordially Get in Touch for More Details.
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