The Biomarkers Market was valued at US$ 78.24 Bn. in 2023. The Global Biomarkers Market size is estimated to grow at a CAGR of 15.2% over the forecast period.Biomarkers Market Overview:
A biomarker is a quantifiable sign of the biological state or condition of an organ, tissue, or cell. It is also known as a biological marker. In medicine, safety evaluation, and the development of new drugs, biomarkers are frequently utilized. The report explores the Biomarkers market segments (Type, Application, Product, Disease Indication and Region). Data has been provided by market participants, and regions, (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all Technology sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Biomarkers market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Biomarkers market’s contemporary competitive scenario. 2023 is considered as a base year to forecast the market from 2024 to 2030. 2023’s. 2023 is considered as a base year to forecast the market from 2023 to 2030. 2023’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2030. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.To know about the Research Methodology :- Request Free Sample ReportBiomarkers Market Dynamics:
Growing Diagnostic Uses of Biomarkers to Drive Market Growth: Biomarkers are important in personalized medicine because they can be used for a wide range of purposes, including diagnosis, prognosis, and tailored treatments for many different types of illness conditions. Because of some restrictions in the diagnosis and treatment of traditional diseases, personalized medicine has gained recognition. Personalized treatment approaches based on clinical and genetic characteristics are becoming more popular among patients with cancer and immunological disorders. One of the main factors driving the demand for biomarkers and hence the growth of the market is the increasing demand for personalized treatment. The increasing value of companion diagnostics: In the practice of medicine, companion diagnostics and biomarkers are becoming more and more important, which has enhanced disease-specific diagnosis, therapy, and monitoring. It can be used to find people who are likely to respond favorably to particular medications or treatment approaches. Growing population and an increase in patients: One of the key reasons advancing the biomarkers market is the growing need for non-invasive cancer diagnoses. In addition, the growth of cancer treatment and research initiatives, unhealthy lifestyles, and chronic illnesses like diabetes and cardiovascular disease all contribute to the market's overall growth. The number of CROs is rising: During the forecast period, the low cost of clinical trials in developing nations, the rising incidence of cancer, and new research initiatives are forecasted to fuel the biomarkers market's growth. On the other hand, the adoption of minimally invasive methods for the detection of diseases like cancer is an opportunity that can trigger the emergence of the biomarkers market between 2024 and 2030. Long development cycles for biomarkers and high capital costs: Because of the variability in how well they perform in illness detection, the validating biomarker is a time-consuming process. The process and timetable for developing and validating biomarkers are therefore comparable across biomarker categories, with a few exceptions, because different categories of biomarkers frequently share common development and validation process phases. When opposed to predictive and safety biomarkers, prognostic biomarkers and surrogate endpoints require more time for the clinical validation and usefulness phase. Due to the significant clinical validation required, surrogate endpoint development and validation are typically the most expensive aspects of clinical trials. Individualized medicine: In customised medicine, biomarkers are crucial because they can be used for diagnosis, prognosis, and choosing specific treatments. Personalized medicine has grown in popularity throughout time as a result of the different drawbacks of conventional methods for diagnosis and treatment. Numerous medical specialties—from cancer to immunological disorders—are moving toward individualised patient care based on their genetic profiles and phenotypic traits. Products for biomarker diagnostics are being employed as supplemental diagnostics for a number of experimental treatments. The difficulties in validating biomarkers: The evaluation of assays or measurement of performance traits including sensitivity, specificity, and reproducibility are also included in the biomarker validation process. The establishment of biomarkers as trustworthy tools to support development, medical treatment, and investment decisions in biopharma is dependent on validation. However, corporations, especially small enterprises, have serious concerns about the significant costs associated with biomarker validation. Another difficulty is the amount of time needed for assay development, which prevents assay development from keeping up with biomarker generation.Biomarkers Market Trends:
It is forecasted that increased cancer incidence can increase demand. For instance, 1,414,259 new instances of prostate cancer were found in 2023, according to Globocan 2023. The demand for biomarkers is increasing because of the rising occurrence of certain cancer forms. Prostate-specific antigen is one of the most frequently used biomarker tests for prostate cancer (PSA). Prostate cancer screening and potential early diagnosis have long been done using the PSA test, which finds abnormally high PSA blood levels. Additionally, 2,261,419 new instances of breast cancer were found in 2023, according to Globocan 2023. This form of cancer can be detected using breast cancer biomarkers such as the estrogen receptor (ER), progesterone receptor, and HER2. However, more instruments are needed to aid clinical decision-making, particularly for the best care of early hormone receptor-positive breast cancer.Biomarkers Market Segment Analysis:
Based on Type, because of increased public awareness of the importance of regular health screenings, a decline in drug attrition rates, and an increase in the population who are at a higher risk of contracting diseases like cancer, cardiovascular disease, and kidney disorders, the safety biomarkers market segment held the largest market share of more than 39% in 2023. Preclinical safety review and drug development take less time and money when safety biomarkers are used in preclinical trials to help identify drug candidates that are likely to be well-tolerated by humans. Based on Application, Due to intensive R&D investments for the development of tailored treatments, the capacity to forecast drug efficacy more easily, and a quick approval process, the drug discovery & development sector dominated the biomarkers market in 2023 with a revenue share of more than 32.6%. One such case is Halozyme, Inc.'s introduction of tailored therapy for people with EGFR mutations in non-small cell lung cancer (NSCLC). Because of advantages in early-stage disease detection, the diagnostics segment is forecasted to rise at the quickest pace over the forecast period. This presents a chance for the diagnostic segment to promote early diagnosis and increase the rate of diagnosis. It makes COVID-19 identification and treatment easier.Biomarkers Market Regional Insights:
The North American region held the largest market share accounting for 45% in 2023. The North American region is expected to witness significant growth at a CAGR of 8.5% through the forecast period. The market in North America is expected to grow the fastest, followed by Europe, due to the use of biomarkers in personalised medicine and investments made by several major market players in the creation of the biomarkers and their particular applications. Asia Pacific is expected to grow more rapidly than other regions. The demand for disease diagnosis, particularly using biomarker-based tests, is rising as cancer and cardiovascular disease are becoming more common. Consequently, it is increasing the region's revenue. The Ministry of Health forecast that there are currently 203 million cardiovascular disease patients in China, with a 73.0% in that number by 2030. Key market participants are investing in the research to create novel biomarkers as a result of the use of biomarkers in the medication discovery and development process. These elements should increase demand for biomarkers and promote market growth. The objective of the report is to present a comprehensive analysis of the global Biomarkers Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Biomarkers Market dynamic, and structure by analyzing the market segments and projecting the Biomarkers Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Biomarkers Market make the report investor’s guide.Biomarkers Market Competitive Landscape:
To improve their position in this market, these key competitors have used a variety of organic as well as inorganic growth tactics, such as mergers and acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others. Some of the major key players of the Biomarkers market are Abbott, Qiagen, F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific, Inc, Siemens Healthcare Private Limited, Agilent Technologies, Inc, Bio-Rad Laboratories, Inc etc.Biomarkers Market Scope: Inquire before buying
Global Biomarkers Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 78.24 Bn. Forecast Period 2024 to 2030 CAGR: 15.2% Market Size in 2030: US $ 210.67 Bn. Segments Covered: by Type Safety Efficacy Validation by Application Diagnostics Drug Discovery & Development Personalized Medicines Others by Product Consumables Services Software by Disease Indication Cancer Infectious Diseases Immune Disorders Neurological Disorders Cardiovascular Disorders Other Disease Indications Biomarkers Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Biomarkers Market Key Players:
1. Abbott 2. Qiagen 3. F. Hoffmann-La Roche Ltd 4. Thermo Fisher Scientific, Inc 5. Siemens Healthcare Private Limited 6. Agilent Technologies, Inc 7. Bio-Rad Laboratories, Inc 8. Johnson & Johnson Services, Inc 9. Epigenomics AG 10. Bruker 11. Quest Diagnostics Incorporated 12. General Electric Company 13. Becton, Dickinson and Company 14. Cisbio Bioassays Frequently Asked Questions: 1] What segments are covered in the Global Biomarkers Market report? Ans. The segments covered in the Biomarkers Market report are based on Type, Application, Product, Disease Indication and Region. 2] Which region is expected to hold the highest share in the Global Biomarkers Market? Ans. North America is expected to hold the highest share in the Biomarkers Market. 3] What is the market size of the Global Biomarkers Market by 2030? Ans. The market size of the Biomarkers Market by 2030 is expected to reach USD 210.67 Billion. 4] What is the forecast period for the Global Biomarkers Market? Ans. The forecast period for the Biomarkers Market is 2024-2030. 5] What was the market size of the Global Biomarkers Market in 2023? Ans. The market size of the Biomarkers Market in 2022 was valued at USD 78.24 Billion.
1. Global Biomarkers Market Size: Research Methodology 2. Global Biomarkers Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Biomarkers Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Biomarkers Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 4. Global Biomarkers Market Size Segmentation 4.1. Global Biomarkers Market Size, by Type (2023-2030) • Safety • Efficacy • Validation 4.2. Global Biomarkers Market Size, by Application (2023-2030) • Diagnostics • Drug Discovery & Development • Personalized Medicines • Others 4.3. Global Biomarkers Market Size, by Product (2023-2030) • Consumables • Services • Software 4.4. Global Biomarkers Market Size, by Disease Indication (2023-2030) • Cancer • Infectious Diseases • Immune Disorders • Neurological Disorders • Cardiovascular Disorders • Other Disease Indications 5. North America Biomarkers Market (2023-2030) 5.1. North America Biomarkers Market Size, by Type (2023-2030) • Safety • Efficacy • Validation 5.2. North America Biomarkers Market Size, by Application (2023-2030) • Diagnostics • Drug Discovery & Development • Personalized Medicines • Others 5.3. North America Biomarkers Market Size, by Product (2023-2030) • Consumables • Services • Software 5.4. North America Biomarkers Market Size, by Disease Indication (2023-2030) • Cancer • Infectious Diseases • Immune Disorders • Neurological Disorders • Cardiovascular Disorders • Other Disease Indications 5.5. North America Biomarkers Market, by Country (2023-2030) • United States • Canada • Mexico 6. European Biomarkers Market (2023-2030) 6.1. European Biomarkers Market, by Type (2023-2030) 6.2. European Biomarkers Market, by Application (2023-2030) 6.3. European Biomarkers Market, by Product (2023-2030) 6.4. European Biomarkers Market, by Disease Indication (2023-2030) 6.5. European Biomarkers Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Biomarkers Market (2023-2030) 7.1. Asia Pacific Biomarkers Market, by Type (2023-2030) 7.2. Asia Pacific Biomarkers Market, by Application (2023-2030) 7.3. Asia Pacific Biomarkers Market, by Product (2023-2030) 7.4. Asia Pacific Biomarkers Market, by Disease Indication (2023-2030) 7.5. Asia Pacific Biomarkers Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Biomarkers Market (2023-2030) 8.1. Middle East and Africa Biomarkers Market, by Type (2023-2030) 8.2. Middle East and Africa Biomarkers Market, by Application (2023-2030) 8.3. Middle East and Africa Biomarkers Market, by Product (2023-2030) 8.4. Middle East and Africa Biomarkers Market, by Disease Indication (2023-2030) 8.5. Middle East and Africa Biomarkers Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Biomarkers Market (2023-2030) 9.1. South America Biomarkers Market, by Type (2023-2030) 9.2. South America Biomarkers Market, by Application (2023-2030) 9.3. South America Biomarkers Market, by Product (2023-2030) 9.4. South America Biomarkers Market, by Disease Indication (2023-2030) 9.5. South America Biomarkers Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Abbott 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Qiagen 10.3. F. Hoffmann-La Roche Ltd 10.4. Thermo Fisher Scientific, Inc 10.5. Siemens Healthcare Private Limited 10.6. Agilent Technologies, Inc 10.7. Bio-Rad Laboratories, Inc 10.8. Johnson & Johnson Services, Inc 10.9. Epigenomics AG 10.10. Bruker 10.11. Quest Diagnostics Incorporated 10.12. General Electric Company 10.13. Becton, Dickinson and Company 10.14. Cisbio Bioassays