Biomarkers Market Worth $ 106.49 Billion, Globally, by 2027 at 13.75% CAGR: Verified Market Research

Biomarkers Market Worth $ 106.49 Billion, Globally, by 2027 at 13.75% CAGR: Verified Market Research

Due to increasing diagnostic applications such as personalized medicine and companion diagnostics, the increasing collaborations and funds for R&D activities collectively augmenting biomarker market growth

PR Newswire

JERSEY CITY, N.J., Sept. 10, 2020

JERSEY CITY, N.J., Sept. 10, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Biomarkers Market by Disease Indication (Cancer, Cardiovascular Disorders, Neurological Disorders, Immunological Disorders), by Application (Diagnostics, Drug Discovery and Development, Personalized Medicine, Disease Risk Assessment), by Type (Safety Biomarkers, Efficacy Biomarkers, Predictive Biomarkers, Surrogate Biomarkers, Pharmacodynamic Biomarkers, Prognostic Biomarkers, Validation Biomarkers), by Product (Consumables, Services, Software), Geography". According to Verified Market Research, the Global Biomarkers Market was valued at USD 40.78 billion in 2019 and is projected to reach USD 106.49 billion by 2027, growing at a CAGR of 13.75% from 2020 to 2027.

Biomarkers Market Analysis & Forecast, 2020-2027

This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.

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Browse in-depth TOC on "Biomarkers Market"

202 - Pages
126 – Tables
37 – Figures

Global Biomarkers Market Overview

Factors such as the growing demand for personalized medicine and companion diagnostics are the crucial growth drivers for the global biomarker market. Increasing consumer awareness, a widening patient base, development of technologies in clinical laboratory tests, and imaging exams, are other major drivers of the global biomarker market. The increasing number of CROs and low cost of clinical trials in various developing economies has added fuel to the market growth. Additionally, the increasing R&D activities funded by pharmaceutical and biotechnology companies with the rising prevalence of cancer are major trends boosting the demand of biomarkers and thereby, accelerating the market growth. The growing usage of biomarkers in medical areas such as cancer treatment and research will foster the future growth of the global biomarkers market.

There are three recent trends in the global biomarker market. Biomarkers are identified conventionally by analyzing the science of pathophysiology and epidemiology, which is expected to transform the scenario of clinical research, medical practice, and drug development, due to changing technological advancement from the conventional approach of pathophysiology to biomarker studies such as genomics and proteomics. Heart diseases are the world's leading cause of death, and Asia Pacific holds a major share of coronary heart disease. According to data published by the Ministry of Health in China, cardiovascular disease impacts negatively around 203 million people and this number is anticipated to rise by 73 percent in 2030.

The "Global Biomarkers Market" study report will provide a valuable insight with an emphasis on the global market. The major players in the market are: Qiagen N.V., Perkinelmer, Inc., Merck Millipore, Bio-Rad Laboratories, Inc., Enzo Biochem, Inc., EKF Diagnostics Holdings, Inc., Meso Scale Diagnostics, LLC., Biosims Technologies Sas, Cisbio Bioassays, Signosis, Inc

Verified Market Research has segmented the Global Biomarkers Market on the basis of Disease Indication, Application, Type, Product, and Geography.

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