Biomarkers Market By Type (safety,validation, Efficacy), Application (diagnostic, Drug Development, Personalized Medicine And Other Applications) And Disease (oncology Diseases, Immunological Disease, Neurological Disease, Cardiovascular Disease And Other Diseases)- Global Industry Analysis And Forecast To 2023
Biomarkers Market Industry Outlook and Trend Analysis:
The Biomarkers Market was worth USD 21.67 billion in 2014 and is expected to reach approximately USD 68.93 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.72% during the forecast period. Biomarkers are cellular or molecular diagnostic tools, estimated in biological samples, for example, urine, blood and saliva. It is used as a marker to measure and assess biological procedures, pathogenic processes and pharmacological response. Some of the main types of biomarkers are predictive, prognostic, pharmacodynamics and efficacy reaction biomarker. A wide range of biomarkers are accessible for biological systems, for example, immune system, metabolic system and cardiovascular system. Biomarkers are useful for the detection, monitor disease progression and predict disease susceptibility, metabolic diseases, cancer, central nervous system issues and immune system ailments.
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Biomarkers Market Segmentation:
The Biomarkers Market is segmented on the basis of type, application and disease. Based on type the market is segmented into Safety, Validation and Efficacy. On the basis of application the market is segmented into Diagnostic, Personalized Medicine, Drug Development and Other Applications. On the basis of diseases the market is segmented into Oncology Diseases, Neurological Disease, Cardiovascular Disease, Immunological Disease and Other Diseases. Nonetheless, high capital investment needed for the application and high cost of validation, development and discovery of biomarkers is a portion of the components limiting the development for worldwide biomarkers market.
Biomarkers Market Regional Outlook and Trend Analysis:
North America rules the worldwide market of biomarkers because of expanding interest of aged populace for analysis and treatment of age related illnesses. Moreover, higher rate of adoption of biomarkers technologies is likewise driving the development of biomarkers market in North America. Asia is anticipated to indicate high development rates in the following five years in worldwide biomarkers market. A portion of the elements driving the development of biomarkers market in developing markets of Asia are expanding innovative work movement in India and China, expanding number of agreement inquire about associations and low cost for carrying out clinical trials.
Biomarkers Market Competitive Insights:
The leading players in the market are Roche Diagnostics, Qiagen, Merck & Co, Agilent Technologies, Siemens Healthineers, Abbott Laboratories, GE Healthcare and Johnson & Johnson Private Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Table of Contents:
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
- Executive Summary
2.1. Key Highlights
- Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
…CONTINUED FOR TOC
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