Biomarkers Market Is Projected To Grow At A CAGR Of 15.3% Over The Coming 10 Years
Biomarkers Market Outlook
The global sales of Biomarkers in 2021 was held at US$ 59.1 Bn. With 15.3%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth. Safety Biomarkers are expected to be the highest revenue generating biomarker type, with a projected growth of 15.9% during 2022 – 2032.
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Key Points Covered in Biomarkers Industry Survey:
- Market Estimates and Forecasts (2017-2032)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- COVID-19 Impact on Biomarkers and How to Navigate
- Recommendation on Key Winning Strategies
Market Segments Covered in Biomarkers Industry Analysis
By Disease Type :
- Cardiovascular Diseases
- Neurological Diseases
- Immunological Diseases
- Other Disease Types
By Type :
By Application :
- Drug Discovery & Development
- Personalized Medicines
- Other Applications
The key players such as F. Hoffmann-La Roche Ltd.; Abbott Laboratories; Epigenetics AG; Johnson & Johnson Services, Inc.; Thermo Fisher Scientific, Inc. adopt several organic and inorganic strategies to enhance their revenue and market standings.
Some of the recent developments of key Biomarkers providers are as follows:
- In May, 2021, Cerascreen KRAS RGQ PCR Kit, the first FDA-approved diagnostic tissue specimen to identify KRAS G12C mutations in QIAGEN NV NSCLC tumors and expand precision medical options for lung cancer, was launched.
- In April, 2021, F. Hoffmann La Roche Ltd. launched two cardiac biomarker tests, the Sensitive Cardiac Troponin T (cTnThs) and the N-Terminal Pro Brain Sodium Diuretic Peptide Test (NTproBNP). These gold standard biomarkers support the management of cardiovascular disease and may help physicians diagnose heart attacks and better manage heart failure.
- In July 2020, Thermo Fisher Scientific has signed an agreement with Chugai to expand the use of oncomin Dx targeted tests in patients with non-small cell lung cancer (NSCLC) and accelerate local biomarker tests.
- In January 2020, in partnership with the Institute for Microbial Technology (CSIRIMTECH), Merck KGaA opened a research institute in Chandigarh, India, with a focus on genome editing, biomarker detection, and life sciences. The facility is equipped with cutting-edge technology needed for on-site students.