Tag Archives: Biomarkers Market

Biomarkers Market at a CAGR of 13.80% Growth, Trends and Absolute Opportunity up to 2026

Biomarkers Market is expected to rise from its initial estimated value of USD 36.19 billion to an estimated value of USD 101.80 billion by 2026, registering a CAGR of 13.80% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing diagnostic applications of biomarkers.

Key Market Competitors:

Few of the major competitors currently working in the biomarkers market are MESO SCALE DIAGNOSTICS, LLC., EKF Diagnostics Holdings plc,  Enzo Biochem Inc., Bio-Rad Laboratories, Inc., Merck KGaA, PerkinElmer Inc., QIAGEN, Agilent Technologies, Inc., Bruker, Epigenomics AG, General Electric Company, Nexus-Dx., LifeSign LLC, F. Hoffmann-La Roche Ltd.

Biomarkers Market will grow at CAGR of 13.80% to hit $101.80 Billion by 2026

Biomarkers Market is expected to rise from its initial estimated value of USD 36.19 billion to an estimated value of USD 101.80 billion by 2026, registering a CAGR of 13.80% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing diagnostic applications of biomarkers.

Biomarkers which is also known as molecular marker or signature molecule, is used to check that how body responds to a treatment of any condition or disease. In simple words, they are used to examine the organ functions and other health conditions. They are also used in the imaging technology so that they can provide clear imaging of oncology tumors and other problems. They are also used in clinical studies to determine the effect and results of drugs in early stage.

Biomarkers Market Is Expected To Show Significant Growth Over The Forecast Period 2018-2026

The Biomarkers Market is estimated to be valued at US$ 29,518.2 Mn in 2017 and is expected to witness a robust CAGR of 13.6% during the forecast period (2017-2025).

Biomarkers are used for diagnosis and drug development, as these biomarkers can indicate diseases in the body. Furthermore, biomarkers can be any specific cells, molecules, genes or gene products, enzymes or hormones. Biomarker-based test are precise and rapid, which help in early prediction of susceptibility, prognosis, diagnosis, and treatment of disease. Hence, increasing research and development activities for identifying new biomarkers to diagnose or treat diseases is expected to be major factor growth of the market.

Biomarkers Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis to 2023

****** Biomarkers Market: Snapshot

The ****** market for biomarkers is gaining traction from a number of factors, including increasing diagnosis applications for companion diagnostics and personalized medicine, rapidly growing number of Cros, reducing cost of clinical trials in various emerging economies, high prevalence of cancer, increasing investment on research and development by biotechnology and pharmaceutical companies, and new initiatives regarding biomarker research. On the other hand, the biomarkers market is facing challenge from high capital investments, low cost-benefit ratio with total investment, technical issues pertaining to sample collection and storage, and poorly suited regulatory and reimbursement systems. Nevertheless, vastly populated emerging economies in Asia Pacific such as India and China are expected to open new revenue avenues for the companies operating in the biomarkers market, provided they can prove the clinical validity of the tests.