According to Data Bridge Market Research new Market report “Global Biomarkers Market, By Product Type (Consumables, Services, Softwares), By Technology (Efficacy, Safety, Validation), Application (Diagnostics, Drug Discovery, Personalized Medicine, Disease Risk Assessment), Indication (Cardiovascular, Immunological) By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Trends and Forecast to 2024”, has accounted to USD 31.4 billion in 2016, growing at a CAGR of 12.2% from 2017 to 2024, and is expected to reach USD 78.9 billion by 2024.
Access Full Report: http://databridgemarketresearch.com/reports/global-biomarkers-market/
Biomarkers are substances or activities that serve as markers of a specific biological activity. Biomarkers are extensively used in research and diagnostic applications. In addition to this, they are also used in the development of new drug therapies through the discovery of new target drugs. Factors such as increasing healthcare expenditure, increase in R&D funding, rising utility of biomarkers for diagnostic purposes, growing number of CROs, low-cost for conducting clinical trials in developing countries, and new initiatives for biomarker research are driving the growth of the biomarkers market. On the other hand, high capital investments and high cost-to-benefit ratio; regulatory and reimbursement challenges; and high cost of testing, sample collection, and storage are the major factors restraining the growth of this market.
Based on Geography the Global Biomarkers Market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. In 2016, North America is expected to dominate the market with a share of 35.6%, growing at a CAGR of 10.7% in the forecast period 2017 to 2024. The dominance of North America is owing to high incidence of cardiovascular diseases, coupled with favorable reimbursement scenarios and highest treatment success rate.
The major players in this market are turning to strategies such as mergers, acquisition and new product developments as major market strategies to penetrate the market. The biomarkers market is highly consolidated with few major companies having a large proportion of the market share. The key industry players in the global biomarkers market are QIAGEN N.V, PerkinElmer, Inc, Merck & Co, Inc. Bio-Rad Laboratories, Enzo Biochem, Inc., EKF Diagnostics Holdings, plc, Meso Scale Diagnostics, LLC, Singulex, Inc., Cisbio Bioassays, Biosims Technologies, and Signosis, Inc among other players.
Browse Related Reports:
Global Cancer Biomarkers Market, By Tumor (Breast, Lung, Prostate), By Type (Protein Biomarker, Genetic Biomarkers), By Profiling Technology (Proteomics, Genomics, Imaging, Immunoassay), By Application (Diagnostic, Drug Discovery, Prognostic), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) - Trends and Forecast to 2022
Global Drug Delivery Devices Market, By Route of Administration (Oral (Solid, Liquid, Semi-Solid), Injectable, Topical, Pulmonary (MDI, DPI, Nebulizers), Nasal, Ocular, Implantable, Transmucosal), By End-User (Hospitals, Ambulatory Surgery Centers/Clinics, Home Care Settings, Diagnostic Centers, Others), By Geography (North America, Europe, Asia-Pacific, Latin America, Rest of the World) – Trends and Forecast to 2022
Data Bridge Market Research
4th Floor, Mega Center,
Magarpatta City, Pune – 411028
Tel: (+91) 7219024286, (+91)7219024287
Visit Data Bridge Blog@ http://databridgemarketresearch.com/blog/
Europe Biomarkers Market – Industry Trends and Forecast to 2027
Global Neurological Biomarkers Market – Industry Trends and Forecast to 2026
Global Rare Biomarkers Market – Industry Trends and Forecast to 2027
Global Genomic Biomarkers Market – Industry Trends & Forecast to 2026
Global Biomarkers Market – Industry Trends - Forecast to 2026
Asia-Pacific (APAC) Biomarkers Market - Industry Trends and Forecast to 2027
North America Cancer Biomarkers Market – Industry Trends and Forecast to 2027
Global Cancer Biomarkers Market – Industry Trends - Forecast to 2026
North America Biomarkers Market - Industry Trends and Forecast to 2027
Europe Biomarkers Market - Industry Trends and Forecast to 2024
Safety biomarkers segment is expected to account for the largest share of Global Biomarkers Market – Analysis and Forecast 2014 – 2022 - A new report by Data Bridge Market Research.
Cancer Biomarkers Market to Witness High Demand Due to Increasing Cancer Cases
Global Cancer Biomarkers Market is expected to reach USD 27.4 billion in 2024
Biomarkers Market is rising at 13.80% CAGR with the Growing Initiatives Taken Towards Biomarker Research
Global Rare Biomarkers Market is Estimated to Grow at a CAGR of 10.5% in the Forecast Period of 2020-2027