Rising incidence of target disease, increasing strategic developments such as partnerships & agreements, and product launches are contributing to the demand for the market.
Market Size – USD 41.47 Billion in 2019, Market Growth – CAGR of 13.6%, Market Trends –Favorable research funding scenario.
The global Biomarkers Market is forecasted to reach USD 115.45 Billion by 2027, according to a new report by Reports and Data. An increasing incidence of prolonged, fatal diseases is boosting the demand for precision diagnosis. A substantial rise in biomarkers’ distributors, manufacturers, and service providers all over the world is creating lucrative prospects in the market.
The growing prevalence of cancer and extensive R&D and technological advancement for the development of biomarker will fuel the market demand. A rise in the various contract research organizations entering the market is expected to encourage biomarkers demand. The rise in chronic diseases, especially diabetes and cardiovascular disorders, owing to the unhealthy diet, sedentary lifestyle will boost the growth of the market. The global market is gaining traction due to a surge in personalized medicine, companion diagnostics, and cost reduction in clinical trials in various emerging nations.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report essentially evaluates the significant presence of the global Biomarkers market across the world’s major regions. The global Biomarkers market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Biomarkers market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.
Reports and Data’s latest report sums up the significant changes in the global business sector that followed the COVID-19 outbreak. The pandemic has also had an enormous impact on the global Biomarkers market, disrupting the market dynamics and trends. The global health crisis has gravely affected the Biomarkers industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Biomarkers market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.
Key findings of the report:
About 1.7 million individuals suffer from traumatic brain injury in the US each year, which leads to lifelong behavior and cognitive deficits. Thus, substantial emphasis is being made on biomarker discovery for such injuries, with the potential of transforming diagnostics of traumatic brain injury patients and care.
Surrogate biomarkers are beneficial in measuring the root cause of a disease (like low thyroxine levels) or an effect that envisages the definitive outcome (like the measurement of diuresis for improving heart failure systems).
Biomarkers are beneficial in the identification of identifying neurological conditions at an early stage, offer a way for homogeneous disease classification, and to prolong knowledge-base about the essential disease pathogenesis.
North America contributed to the largest share of the biomarker market in 2019. The market dominance is owing to the higher acceptance of advanced technologies, well-established healthcare diagnostic facilities, the surging incidence target conditions, and the enactment of numerous initiatives for raising awareness about various diseases in the region.
Key participants include Merck Millipore, Enzo Biochem, Inc., Perkinelmer, Inc., Bio-Rad Laboratories, Inc., Meso Scale Diagnostics, LLC, Ekf Diagnostics Holdings, Inc., Biosims Technologies Sas, Signosis, Inc., Cisbio Bioassays, and Johnson & Johnson Services, Inc., among others.
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For the purpose of this study, the global Biomarkers market has been segmented on the basis of disease type, application, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Drug Discovery and Development
Disease Risk Assessment
Disease Indication Outlook (Revenue, USD Billion; 2017-2027)
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Biomarkers Market Segmentation & Impact Analysis
4.1. Biomarkers Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Increasing R&D Funding for Pharma and Biotech Companies
188.8.131.52. High Prevalence of Cancer
184.108.40.206. New Initiatives for Biomarker Research
4.2.3. Market restraints analysis
220.127.116.11. High Capital Investments and Low Cost-Benefit Ratio
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Chapter 5. Biomarkers Market By Product Insights & Trends
5.1. Product Dynamics & Market Share, 2019 & 2027
5.2.1. Market estimates and forecast, 2017 – 2027 (USD Billion)
5.2.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion)
5.3.1. Market estimates and forecast, 2017 – 2027 (USD Billion)
5.3.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion)
5.4.1. Market estimates and forecast, 2017 – 2027 (USD Billion)
5.4.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion)
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