According to SPER Market Research, the Biomarkers Market Outlook Companion diagnostics, an increase in cancer incidence worldwide, an increase in money and grants for biomarker research, and ongoing advancements are the main drivers of this market’s growth.
The obstacles in this industry are biomarker validation, an expensive procedure, the lengthy process of developing biomarkers, and methodological problems related to sample collection and storage.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 11.8%
- Forecast Market Size (2030): 117.6 Billion
Global Biomarkers Market Insights, Size and Growth Forecast To 2030
Due to the rising need for personalized treatment, biomarkers that can identify drug target molecules play a significant role in the development of companion diagnostics and personalized medicine, offering market participants tremendous prospects.
Impact of COVID-19 on the Biomarkers Market:
In order to properly diagnose COVID-19, biomarkers are crucial. Patients with severe COVID-19 problems have increased levels of biomarkers like interleukin-6, cardiac troponin, renal biomarkers, lymphocytes, platelet count, and C-reactive protein. Patients with severe conditions had significantly decreased platelet and lymphocyte counts. The leading companies in this industry created assays and test kits to support COVID-19 research. COVID-19 has a beneficial effect on the growth of this sector.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Global Biomarkers Market, by Product:
Global Biomarkers Market, by Type:
- Efficacy Biomarkers
- Pharmacodynamics Biomarkers
- Predictive Biomarkers
- Prognostic Biomarkers
- Safety Biomarkers
- Surrogate Biomarkers
- Validation Biomarkers
Global Biomarkers Market, by Application:
- Disease Risk Assessment
- Drug Discovery & Development
- Other Applications
- Personalized Medicine
Global Biomarkers Market, by Disease Indication:
- Cancer by Test Type
• Solid biopsy
• Liquid Biopsy
- Infectious Diseases
- Immune Disorders
- Neurological Disorders
- Cardiovascular Disorders
- Other Disease Indications
Global Biomarkers Market, by Region:
- North America
This research also includes important market drivers and restraints for the forecast period. The study also covers several developments potential.
Key Market Players:
The global Biomarkers Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Abbott Laboratories, Bio-Rad Laboratories, Inc., Charles River Laboratories, International, Inc., Enzo Biochem, Inc., Eurofins Scientific, F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer, Inc., QIAGEN N.V., Thermo Fisher Scientific Inc.
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