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Cancer Biomarkers Market by Type, Cancer Type, Profiling Technology, Application - Global Forecast to 2022

Cancer Biomarkers Market: Global Forecast until 2022

  • October 2017
  • 251 pages
  • ID: 5139366
In this report:
According to OECD, a total of ##,## new cancer cases (excluding nonmelanoma skin cancer) were reported in 2012, and this number is expected to reach ##,## by 2020, representing an increase of ##%.
The global cancer biomarkers market was valued at USD ##.## billion in 2017, and is expected to record a CAGR of ##.##% during the forecast period, to reach USD ##.## billion by 2022.

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Global cancer biomarkers market forecasted to grow at Compound annual growth rate of 12.20 percent

The overall cancer biomarkers market is estimated to grow ~$20.5B by 2022 from ~$11.5B in 2017, at a compound annual growth rate (CAGR) of 12.20 percent between 2017 and 2022.

Over the years, the cancer biomarkers market has evolved significantly due to the growing prevalence of cancer, advancements in omics technologies, growing healthcare expenditure, increase in R&D funding from government and private bodies, and increasing demand for personalized medicine in cancer therapies. Nevertheless, an unfavorable regulatory and reimbursement scenario and the high capital investments required for biomarker development and validation are some factors anticipated to restrain the sector.

The lung cancer segment is projected to record the maximal CAGR (Compound annual growth rate)'

The cancer biomarkers market based on cancer type is categorized into breast, lung, colorectal, prostate, melanoma, leukemia, thyroid, bladder, non-hodgkin's lymphoma, kidney, and other cancers.The lung cancer segment is expected to record the maximal compound annual growth rate (CAGR) during the outlook period.

The rising company focus on industry research on lung cancer biomarkers is the main driver for this industry. Increased understanding of the morphology of lung carcinogenesis, development of the high-throughput techniques for biomarker discovery, and rised focus on early detection of cancer are propelling the increase of this market.

North America continent is forecasted to dominate the cancer biomarkers market and Asia-Pac increasing at the highest CAGR (Compound annual growth rate)

North America (NA) (comprising the USA and Canada (CA)) is forecasted to account for the biggest share of the overall cancer biomarkers market in 2017.The big share of this geographic segment is essentially attributed to the growing government support for discovery and development of biomarkers, growing demand for personalized medicine, adoption of advanced omics technologies for biomarker discovery, and growing use of biomarkers in drug discovery and development by pharmaceutical companies in that area.

While the APAC area is forecast to register the highest compound annual growth rate (CAGR) during the estimate period. The APAC cancer biomarkers market, particularly in China, Japan (JP), and India (IN) is anticipated to witness high increase during the outlook period.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 40.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 30.0 percent

• By Description - D-level - 18.0 percent, C-suite - 27.0 percent, and Others - 55.0 percent

• By Area - North America continent - 50.0 percent, Europe (EU) - 20.0 percent, Asia Pacific (APAC) - 20.0 percent, and rest of the world - 10.0 percent

Top actors in this sector that are profiled in the market research includes Abbott, Affymetrix, Roche, Illumina, QIAGEN, Agilent, Thermo Fisher, Merck, Becton Dickinson, Hologic, Danaher, and Shimadzu.

Segment Research

From an insight prospect, this market research highlights on qualitative data, market value, and rise of several segments and sub-segments, opposing landscape, and company descriptions.The qualitative data contains different levels of industry analysis including market dynamics (drivers, market restraints, alternatives, and opportunities).

The industry report also provides market values and info on the increase of several segments of the sector.It focuses on emerging and the high-development segments, and high-growth areas.

The competitive landscape includes increase strategies approved by sector actors in the last three years.The corporation reviews include basic views on key competitors in the cancer biomarkers market and the product types, advancements, and strategies approved by market actors to maintain and rise their market shares in the upcoming future.

The above-mentioned segment research data, current market size, and projection of future trends will facilitate top players and new sector entrants to make the essential decisions regarding product offerings, spatial focus, change in approach, Research and development investments for modernizations in products and technologies, and levels of output to remain profitable.

Why acquiring this study can help you:

The study will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would help garner a greater share. Companies obtaining the analysis could use one or any combination of the below-mentioned five strategies.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on products provided by the top actors in the cancer biomarkers market

• Product/Service Enhancement/Innovative products: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the cancer biomarkers market

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for profiling technologies across several areas

• industry diversification: Complete information about recent products, untapped areas, and recent evolutions in the cancer biomarkers market

• opposing assessment: In-depth assessment of market ranking, strategies, products, and manufacturing competences of the key players in the cancer biomarkers market

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