The biomarkers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Biomarkers Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The biomarkers market size has grown rapidly in recent years. It will grow from
$61.31 billion in 2023 to $69.54 billion in 2024 at a compound annual growth
rate (CAGR) of 13.4%. The growth in the historic period can be
attributed to advancements in genomics and proteomics technologies, increasing
prevalence of chronic diseases, growing emphasis on personalized medicine,
rising demand for companion diagnostics, expansion of applications in drug
development.
The biomarkers market size is expected to see rapid growth in the next few
years. It will grow to $117.82 billion in 2028 at a compound annual growth rate
(CAGR) of 14.1%. The growth in the
forecast period can be attributed to growing focus on early disease detection
and prevention, expansion of biomarkers in oncology and immunotherapy,
increasing investment in precision medicine initiatives, rise of liquid biopsy
as a non-invasive biomarker detection method,rising preference of biomarkers in
drug discovery and development. Major trends in the forecast period include
development of multi-biomarker panels, emergence of exosome-based biomarkers,
adoption of point-of-care biomarker testing, integration of real-world data in
biomarker research, exploration of microbiome-based biomarkers .
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Scope Of Biomarkers Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
The increase in heart diseases is expected to propel the growth of the
biomarkers market in the forecasted period. The use of biomarkers for heart
disease patients has increased tremendously over the last few years. Currently,
the natriuretic peptides are the most used biomarker and help in the diagnosis
of patients with heart failure. Biomarkers such as circulating biomarkers with
high sensitivity C-reactive protein are used for the diagnosis of heart
failure. Heart disease is among leading cause of death for people of most
racial and ethnic groups in the United States. The increase in heart diseases
will drive the demand for biomarkers. For instance, in August 2022, according
to a report published by the American College of Cardiology, a US-based
non-profit medical association, In the United States, it is anticipated that
all four cardiovascular risk factors will increase between 2025 and 2060. The
largest percentage rise is expected in diabetes, with a 39.3% increase to 55
million individuals, followed by dyslipidemia (27.6% to 126 million),
hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). The
researchers also observed that the most substantial projected increases in
cardiovascular disease rates were for stroke (33.8% to 15 million) and heart
failure (33.4% to 13 million), followed by ischemic heart disease (30.7% to 29
million) and heart attack (16.9% to 16 million). Because of the increase in heart diseases and
heart deaths, there will be an increase in growth for the biomarkers.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The biomarkers market covered in this report is segmented –
1) By Technology: Safety Biomarkers, Efficacy Biomarkers, Validation Biomarkers
2) By Disease: Neurological Diseases, Cancer, Immunological Diseases,
Cardiovascular Diseases, Other Diseases
3) By Type: Biomarker Of Exposure, Biomarker Of Diseases
4) By Audiences: Pharmaceutical Companies, Government And Private Research
Institutes, Academic Institutes, Medical Device Manufacturing Companies
5) By Application: Risk Assessment, Development of Molecular Diagnostic,
Disease Diagnosis, Drug Discovery And Development, Drug Formulation, Forensic
Application, Other Applications (DNA Fingerprinting And Others )
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Regional Insights -
North America was the largest region in the biomarkers market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the biomarkers market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
Key Companies -
Major companies operating in the biomarkers market report are Enzo Biochem Inc,
Bio-Rad Laboratories Inc., Merck KGaA, PerkinElmer Inc., QIAGEN N. V., Adaptive
Biotechnologies Corp., Agilent Technologies Inc., Biocrates Life Sciences AG,
BioFire Diagnostics LLC, BioReference Laboratories Inc., Bio-Techne
Corporation, Cepheid Inc., Eurofins Scientific SE, Exact Sciences Corporation,
Foundation Medicine Inc., Genomic Health Inc., GenScript Biotech Corporation,
Guardant Health Inc., Illumina Inc., Invitae Corporation, Laboratory
Corporation of America Holdings, Luminex Corporation, Metabolon Inc., Myriad
Genetics Inc., Natera Inc., Pacific Biosciences of California Inc., Quest
Diagnostics Incorporated, Roche Diagnostics Corporation, Thermo Fisher
Scientific Inc., Veracyte Inc.
Table of Contents
1. Executive Summary
2. Biomarkers Market Report Structure
3. Biomarkers Market Trends And Strategies
4. Biomarkers Market – Macro Economic Scenario
5. Biomarkers Market Size And Growth
…..
27. Biomarkers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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