Biomarker Technologies Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Biomarker Technologies market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.
Biomarker Technologies Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Biomarker Technologies market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. Biomarker technologies market refers to a biological characteristic that is measured and evaluated as a maker of pathological processes or normal biological or a response to a therapeutic intervention. Biomarkers are widely utilized in diagnosis of various diseases, such as infectious diseases, cancer, and autoimmune diseases, among others.
Biomarkers are known to have the ability to diagnosis disease at early stage. Global biomarker technologies market was valued at USD 32,203.40 million in 2021 and is expected to reach USD 93,487.04 million by 2029, registering a CAGR of 14.25% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Some of the major players operating in the biomarker technologies market are
- Enzo Biochem Inc. (US),
- Bio-Rad Laboratories, Inc. (US),
- Merck KGaA (Germany),
- PerkinElmer Inc. (US),
- QIAGEN (Germany),
- Agilent Technologies, Inc. (US),
- Bruker (US),
- Epigenomics AG (Germany),
- MESO SCALE DIAGNOSTICS, LLC (US),
- EKF Diagnostics Holdings plc (UK),
- General Electric Company (US), Nexus-Dx (US),
- LifeSign LLC (US),
- F. Hoffmann-La Roche Ltd (Switzerland)
Recent Development
- F. Hoffmann-La Roche Ltd. launched two cardiac biomarker tests for N-terminal pro-brain natriuretic peptide test (NT-proBNP) and high sensitive cardiac troponin T (cTnT-hs) in April’2021. The cardiac biomarkers assist clinicians in diagnosing heart attacks and manage heart failure better.
- QIAGEN N.V. (Netherlands) launched first FDA-approved tissue companion diagnostic, therascreen KRAS RGQ PCR Kit in May’2021. The diagnostics will identify the KRAS G12C mutation in NSCLC tumors and expand precision medicine options.
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Biomarker Technologies Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Funds and Grants
The surge in investments in the form of funds and grants for biomarker research accelerate the market growth.
- Diagnostic Biomarker Technology
The inclination from conventional approach of pathophysiology/epidemiology to biomarker studies due to the technological advances further influence the market.
- Prevalence of Cancer
The increase in the prevalence of cancer across the globe acts as one of the major factors driving the growth of biomarker technologies market.
Opportunities
Furthermore, increase in demand for personalized medicine extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, continuous product innovation will further expand the market.
Segmentation: Biomarker Technologies Market
The global biomarker technologies market is segmented on the basis of product, profiling technology, test type, research area and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Consumables
- Instruments
- Services
- Software/Informatics
Profiling Technology
- Chromatography
- NGS
- PCR
- Mass Spectrometry
- Immunoassay
Test Type
- Liquid Biopsy
- Solid Biopsy
Research Area
- Genomics
- Proteomics
- Metabolomics
- Other Research Areas
Application
- Biomarker Identification
- Validation and Development Research
- Routine Biomarker-Based Tests
Biomarker Technologies Market Regional Analysis/Insights
The biomarker technologies market is analysed and market size insights and trends are provided by country, product, profiling technology, test type, research area and application as referenced above. The countries covered in the biomarker technologies market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biomarker technologies market because of the rise in geriatric population, and support from private and public organizations within the region. Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in awareness related to early screening of cancer for better treatment in the region.
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