Biomarkers Market: Information By Product (Consumables, Services, Software), By Type (Safety Biomarkers, Validation Biomarkers, Efficacy Biomarkers), By Application (Diagnostics, Personalized Medicine, Drug Discovery and Development, Disease Risk Assessment) and By Disease Indication (Cancer, Neurological Disorders, Cardiovascular Disorders, Immunological Disorders, Others) - Forecast till 2030

Biomarkers Market Overview

Biomarkers Market is anticipated to grow at CAGR of 10.80% throughout the evaluation period to reach a USD 88605.25 Million by 2030. With an escalating rate of chronic and life-threatening illnesses, the requirement for detailed diagnostic procedures is increasing. There is an upsurge in the number of suppliers, producers, and service contributors of biomarkers globally, creating enormous market growth opportunities.

COVID-19 Analysis

The surge in COVID-19 cases has contributed massively to the development of the biomarker technologies market. The molecular markers in the blood that are predictive of acute COVID-19 infections brought about a SARS-CoV-2 coronavirus infection have recently been pinpointed in a Chinese research team study. The amplified studies being launched into study results about the understanding of the pathophysiology and clinical progress of COVID-19 with the capacity for categorizing early in infection, which individuals who are most in danger of increasing harsh conditions and requiring hospital care. The sure in funding for studying biomarkers and outcomes in COVID-19  and other chronic ailment afflicted patients. The biomarkers have constantly played a vital role in clinical decision making in numerous infectious diseases treatment procedures. It has become progressively important to assess biomarkers' role in determining the severity of disease and suitable resource allocation.

Market Dynamics

Drivers

High Prevalence Of Cancer

The spike in cancer cases globally promotes the use of biomarkers to detect the consdition earlier to treat it is projected to spur the cancer biomarker market.

Increasing Applications And Advancements Of Biomarkers

The breakthroughs in cardiac biomarkers, cardiovascular biomarkers, neurological biomarkers, autoimmune biomarkers, and immunology biomarkers are predicted to enhance the biomarkers market.

Increasing Product Launches By Major Players

The funding by private investors is estimated to have a notable effect on product launches in the biomarkers market through the upcoming period.

Restraints

High Capital Investment

The increased level of investment required for research into biomarkers research and their identification may lessen the coming period's growth pace.

Opportunities

Incorporation Of Artificial Intelligence (Ai) In The Biomarker Technology

The use of biomarkers in oncology has been extensive than any other disease for more than three decades. Biomarkers have been used beyond the research laboratory to more clinical use in the monitoring disease status, diagnosis, and treatment effectiveness. Hence, the intensifying circumstances of cancer are likely to propel the biomarker test market growth globally.

Segment Overview

Based On The Product

The consumables segment was reported as the largest biomarker market share, thus promoting the overall biomarkers diagnostics market growth.

Based On Type

The safety biomarkers segment held the most considerable revenue in 2019, while the efficacy biomarkers segment recorded the maximum CAGR all through the forecast period. The technological developments in sequence profiling tools, multiplex biomarkers platform, and the growing need to interpret DNA sequences, proteins, and nucleic acids will increase the testing through biomarkers.

By Application

The diagnostics segment held a CAGR of 10.63% throughout the estimated period. The expanding incidence and commonness rates of lasting diseases, the progress of companies operating in the market, a mounting number of clinical trial candidates, and the need for precise therapy and diagnosis push this application segment's growth in the forthcoming period.

By Disease Indication

The neurological disorders segment was the quickest rising with a CAGR of 10.69%. This growth can be attributed to biomarkers' ability to cover specific medical needs.

Regional Analysis

U.S. To Guide The Overall Development Of The Americas Region

The Americas has been segmented into North America and Latin America, with the North America biomarkers market projections market further divided into the United States biomarkers market and Canada. The Americas held the largest market share for biomarkers in 2019, attributed to intensifying advances in biomarkers' diagnostic uses, encouraging R&D backing for biomarker research, and elevated cancer prevalence.  

European Region To Forge Ahead by 2027

The European biomarkers market is credited for the second principal share in the global biomarkers market. Due to good government plans and laws, a big target population base, collective occurrence of lifestyle-associated conditions, and an expanding adoption rate of biomarker-dependent diagnostic tests are estimated to promote the global market.

APAC To Show Resurgent Growth

The biomarkers market trends in the Asia Pacific, such as the escalating number of contract research organizations and the minimal cost of clinical trials combined with the rising adoption of progressive medical imaging systems, are estimated to enhance the biomarkers market share of the region.

MEA Region To Show Steady Progress By 2027

The Middle East & Africa biomarkers market includes the key regions such as the Middle East and Africa. In this region, the developing healthcare setup and progressively growing treatment implementation are assessed to transform the MEA regional market.

Competitive Landscape

The outstanding players in the biomarkers market are

• Qiagen N.V.,


• Thermo Fisher Scientific Inc.,


• Hoffmann-La Roche Ltd,


• PerkinElmer Inc.,


• Merck KGaA,


• Bio-Rad Laboratories,


• Abbott Laboratories,


• EKF Diagnostics,


• Enzo Biochem Inc.,


• Meso Scale Diagnostics, LLC,


• Signosis


• PerkinElmer Inc.

Recent Developments

• Dec 2020The Uniklinik RWTH Aachen ("Uniklinik RWTH Aachen") has positively interpreted the partnership for research and biomarker authentication with SphingoTec GmbH ("SphingoTec") into clinical routine. The ground-breaking biomarkers' routine measurements deliver organ-specific information for observing critical care circumstances such as sepsis and acute kidney injury and backing clinical decisions to progress patient consequences.


• Dec 2020A global team of researchers has advanced an original biodegradable electronic sensor to measure trace quantities of nitric oxide (NO) species. The group evaluated the sensor's selectivity to NOx by associating the resistance signal's strength to its responses to other usual gaseous biomarkers, counting carbon oxides and ammonia. The technology has been found to display exceptional selectivity, but it does so very quickly. When presented to the sensor, the gas was distinguished in just 30 s.

Report Overview

• By Product
  
  
  
  • Consumables
  
  
  • Services
  
  
  • Software
  
  
  
  


• By Type
  
  
  
  • Safety Biomarkers
  
  
  • Validation Biomarkers
  
  
  • Efficacy Biomarkers
    
    
    
    • Predictive Biomarkers
    
    
    • Prognostic Biomarkers
    
    
    • Pharmacodynamic Biomarkers
    
    
    • Surrogate Biomarkers
    
    
    
    
  
  
  • By Application
    
    
    
    • Diagnostics
    
    
    • Personalized Medicine
    
    
    • Drug Discovery and Development
    
    
    • Disease Risk Assessment
    
    
    
    
  
  
  • By Disease Indication
    
    
    
    • Cancer
    
    
    • Neurological Disorders
    
    
    • Cardiovascular Disorders
    
    
    • Immunological Disorders
    
    
    • Others
    
    
    
    
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size	USD 88605.25 Million
CAGR	10.80% (2020-2030)
Base Year	2019
Forecast Period	2020-2030
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, Type, Application, Disease Indication
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Qiagen N.V.,, Thermo Fisher Scientific Inc. Hoffmann-La Roche Ltd, PerkinElmer Inc., Merck KGaA, Bio-Rad Laboratories, Abbott Laboratories, EKF Diagnostics, Enzo Biochem Inc., Meso Scale Diagnostics, LLC, Signosis, PerkinElmer Inc.
Key Market Opportunities	Advancement in the area of medical technologies
Key Market Drivers	Increasing use of biomarkers to increase the accuracy of disease diagnosis

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