- The cancer biomarkers market is expected to grow at a CAGR of 9.9% between 2022 and 2031
- The global increase in cancer patient population is expected to contribute to expanding the market share of cancer biomarkers
- Increase in R&D dedicated to developing effective cancer treatment solutions North America a leading market region
Wilmington, Del., September 20, 2022 /PRNewswire/ — The global cancer biomarkers market is forecast to exceed $31.4 billion by 2031, according to a research report by Transparency Market Research (TMR). Furthermore, the study highlights that the market is expected to develop at a CAGR of 9.9% during the forecast period of 2022 to 2031.
Players operating in the Cancer Biomarkers market are adopting different strategies such as joint ventures, collaborations, mergers and acquisitions in order to expand their regional presence and stay ahead of the competitors. Additionally, major players in the Cancer Biomarkers Market are focusing on new product launches to expand their product portfolio. Such factors are expected to play an important role in the overall development of the cancer biomarkers market in the near future, according to statistics analysts of a TMR study.
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Cancer Biomarkers Market: Key Findings
- Cancer biomarkers are gaining increasing importance in the healthcare industry as they can aid in timely cancer diagnosis and the development of a personalized cancer treatment plan. In recent years there has been an increase in cases of various types of cancer worldwide, including ovarian cancer, small cell lung cancer and thyroid cancer. This factor leads to an increasing demand for HER2 biomarkers and CEA biomarkers for cancer detection, which in turn leads to a profitable prospect in the cancer biomarkers market.
- TMR’s analysis of the demand for cancer biomarkers in the healthcare industry finds that the number of older people has been increasing worldwide. In addition, major healthcare organizations worldwide are increasing the adoption of technological advances to provide improved healthcare services to patients. These factors are fueling revenue growth in the cancer biomarkers market.
- Protein biomarkers have been increasingly used in various cancer researches in recent years to precisely detect different types of cancer. Government agencies in several developed and developing countries around the world sponsor research projects focused on developing effective cancer treatment solutions. Therefore, emerging researchers in the field of cancer treatment are expected to drive the demand for protein biomarkers, which in turn is expected to lead the protein biomarkers segment to contribute the largest revenue share in the cancer biomarkers market during the forecast period.
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Cancer Biomarkers Market: Growth Booster
- The global increase in cancer prevalence is expected to spur market growth, states the future market prospects of TMR for cancer biomarkers
- The increasing adoption of advanced technologies for precise cancer diagnosis creates outstanding business opportunities in the cancer biomarker market
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Cancer Biomarkers Market: Regional Analysis
- That North America The Cancer Biomarkers market is expected to expand during the forecast period owing to many factors such as: B. an increase in cancer cases in regional countries, including Canada and the US along with a surge in research and development focused on developing next-generation cancer biomarkers in the region
- Players are expected to receive significant business opportunities Europe during the forecast period. The growth of Europe Market is attributed to rise in cancer population and increasing adoption of advanced technologies in cancer treatment in regional healthcare industry.
Cancer Biomarkers Market: Major Players
Some of the key players featured in the report are:
- Thermo Fisher Scientific, Inc.
- F. Hoffmann-LA Roche AG
- Abbott Laboratories
- Merck & Co, Inc.
- PerkinElmer, Inc.
- Bristol-Myers Squibb Company
- Siemens AG
- Qiagen NV
- Novartis AG
- Exact Sciences Corporation
- Bio-Rad Laboratories
- Hologic, Inc.
- Agilent Technologies Inc.
- bioMerieux SA
Cancer Biomarkers Market Segmentation
- type of cancer
- profiling technology
- North America
- Latin America
- Asia Pacific
- middle East & Africa
The modernization of healthcare, both in terms of infrastructure and services, has taken the healthcare industry to new heights. Stay up to date with the latest health research reports from Transparency Market Research:
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