DUBLIN–(BUSINESS WIRE)–The “Global Cancer Biomarkers Market by Type (Protein, Genetic), Cancer (Lung, Breast, Leukemia, Melanoma, Colorectal), Profiling Technology (Omics, Imaging, Immunoassay, Bioinformatics), Application (Diagnostics, R&D, Prognostics), Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global cancer biomarkers market is projected to reach USD 28.2 billion by 2026 from USD 12.4 billion in 2021, at a CAGR of 17.7%
Market growth is driven by factors such as the rising technological advancements In the development of cancer biomarkers and the increasing incidence of cancer worldwide. On the other hand, challenges associated with cancer biomarker validation and shortage of skilled professionals are the major factors hampering the growth of this market.
The protein biomarkers segment accounted for the highest growth rate in the cancer biomarkers market, by biomarker type, during the forecast period
The cancer biomarkers market is segmented into protein biomarkers, genetic biomarkers and other cancer biomarkers based on biomarkers type. In 2020, the protein biomarkers segment accounted for the highest growth rate in the cancer biomarkers market. Increasing incidence of cancer worldwide and increasing R&D on cancer biomarkers are major factors contributing to the growth of this segment.
The breast cancer segment accounted for the highest growth rate in the cancer biomarkers market, by cancer type, during the forecast period
The cancer biomarkers market is segmented into breast cancer, lung cancer, colorectal cancer, prostate cancer, melanoma, leukaemia, thyroid cancer, bladder cancer, non-Hodgkin’s lymphoma, kidney cancer and other cancer types based on cancer type. In 2020, the breast cancer segment accounted for the highest growth rate in the cancer biomarkers market. Rising technological advancements In the development of cancer biomarkers and increasing incidence of cancer worldwide are major factors contributing to the growth of this segment.
Bioinformatics segment accounted for the highest CAGR
Based on profiling technologies, the cancer biomarkers market has been segmented into omics technologies, imaging technologies, immunoassay, bioinformatics and cytogenetics. In 2020, the bioinformatics segment accounted for the highest CAGR. This can be attributed to the increasing use of cancer biomarkers in drug discovery & development.
The diagnostics segment accounted for the highest share
Based on application, the cancer biomarkers market has been segmented into diagnostics, research & development, prognostics, risk assessment and other applications. In 2020, the research & development segment accounted for the highest CAGR. This can be attributed to the increasing use of cancer biomarkers in drug discovery & development and increasing R&D on cancer biomarkers.
Asia Pacific: The fastest-growing region in cancer biomarkers market
The global cancer biomarkers market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to register the highest CAGR during the forecast period. Rising technological advancements In the development of cancer biomarkers and increasing incidence of cancer worldwide are driving the growth of the cancer biomarkers market in this region.
Competitive landscape
The key players in this market are F. Hoffmann-La Roche Ltd. (Switzerland), Thermo Fisher Scientific Inc. (US), QIAGEN N.V. (Netherlands), Illumina, Inc. (US), Bio-Rad Laboratories, Inc. (US), Abbott Laboratories (US), bioMerieux SA (US), Becton, Dickinson and Company (US), Merck Millipore (US), and Agilent Technologies (US).
Premium Insights
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Pessimistic, Optimistic, and Realistic Scenarios
Pricing Analysis
Patent Analysis
Regulatory Analysis
Trends/Disruptions Impacting the Business of Customers
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/z8fb3k
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Renowned artist "Baiyu" Bo-Xi Lin met with aging wine underwater at the Venice Biennale, blending…
New slot tournament, Blackjack Quest and poker event here this month SYDNEY--(BUSINESS WIRE)--A new month…
AUBURN HILLS, Mich.--(BUSINESS WIRE)--#safety--Teijin Automotive Technologies held a ribbon cutting today to celebrate the opening…
VANCOUVER--(BUSINESS WIRE)--Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC) announced the voting results from…
DUBLIN--(BUSINESS WIRE)--The "Indonesia International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value…
KCAS Bio continues to expand its global reach and has selected Crux Biolabs (Melbourne, Australia)…