NEWS PROVIDED BY Research and Markets Apr 17, 2020, 15:00 ET
Via PRNewsWire.com
DUBLIN, April 17, 2020 /PRNewswire/ — The “Global Clinical Biomarkers Market: Focus on Product, Technology, End User, Clinical Area, Region and Competitive Landscape – Analysis and Forecast, 2019-2029” report has been added to ResearchAndMarkets.com’s offering.
According to this market intelligence report, the global clinical biomarkers market was valued at $16.01 billion in 2018 and is anticipated to grow over $45.91 billion by 2029. The market is expected to grow at a CAGR of 10.07% over the forecast period 2019-2029, aided primarily by the impressive growth in the underlying manufacturing market.
Expert Quote
Efficient translation of MS-based biomarker discovery research into the development of routine clinical diagnostic assays is an important challenge in the field of personalized medicine.
Market Insights
The advent of precision medicine and the increased awareness of the enhanced quality of life among the physicians and patients has facilitated the development of molecular biomarkers for effective decision making and accurate predictions. The clinical application of the biomarkers in the drug discovery and disease diagnosis has filled the gap between the diagnostic approaches and the lack of tools for the effective evaluation and treatment.
North America is the leading contributor in the global clinical biomarkers market and contributed approximately 42.33% to the market value in 2018. This segment is anticipated to grow at a CAGR of 9.69% during the forecast period 2019-2029 and continue dominating the global market in 2029 as well. However, Asia-Pacific is expected to grow at an impressive CAGR of 10.49% during the forecast period from 2019-2029. The growth is mainly due to the increasing adoption of personalized medicine and the piqued interest of the biopharmaceutical companies in the development of the product based on clinical biomarkers.
Research Highlights
- Cancer biomarkers are the leading contributor in the global clinical biomarkers market and contributed approximately 55.40% in the 2018 market value. However, the global clinical biomarker for neurological biomarkers is anticipated to witness the fastest growth at the CAGR of 10.32% during the forecast period 2019-2029.
- F. Hoffmann-La Roche AG is currently the largest shareholder with a share of 22.59% in the global clinical biomarkers market. This market dominance is attributed to the company’s presence within the market through its expansive product portfolio, led by dedicated products.
This market intelligence report provides a multi-dimensional view of the global clinical biomarkers market in terms of market size and growth potential. This research report aims at answering various aspects of the global clinical biomarkers market with the help of key factors driving the market, restraints that can possibly inhibit the overall growth of the market, and the current growth opportunities that are going to shape the future trajectory of the market expansion.
Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches and approvals, partnerships, collaborations, business expansions, as well as mergers and acquisitions, among others. The research report provides a comprehensive analysis of the product sales, manufacturers, service providers, and trend analysis by segment, and growth share analysis by geographical region. Additionally, the report provides a comprehensive attractive analysis and opportunity analysis for the entire global clinical biomarkers market for 2019 and 2029.
This report is a meticulous compilation of research on more than 30 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 15 leading companies, market participants, and vendors. The report also comprises 15 detailed company profiles including several key players, such as Abbott Laboratories, Agilent Technologies, Inc., Illumina, Inc., F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Myriad Genetics, Hologic, Inc., Bio-Rad Laboratories, Inc., Qiagen N.V., Enzo Biochem Inc., Centogene N.V., ALCEDIAG, and Quest Diagnostics Incorporated.
Key Questions Answered
- What are the major market drivers, challenges, and opportunities in the global clinical biomarkers market?
- What are the key development strategies which are implemented by the major players in order to sustain in the competitive market?
- What are the key technologies that have been used by leading players in the market for the development of biomarkers-based assays?
- How each segment of the market is expected to grow during the forecast period from 2019 to 2029 based on:
- Product type
- Clinical area
- Technology
- End user
- Region: Region includes North America, Europe, Asia-Pacific, Rest-of-the-World (ROW)
- Who are the leading players with significant offerings to the global clinical biomarkers market? What is the expected market dominance for each of these leading players?
- Which companies are anticipated to be highly disruptive in the future and why?
Key Topics Covered
Executive Summary
1 Product Definition
1.1 Inclusion and Exclusion
2 Market Scope
2.1 Scope of Work
2.2 Key Questions Answered in the Report
3 Research Methodology
3.1 Global Clinical Biomarkers Market: Research Methodology
3.2 Data Sources
3.3 Secondary Data Sources
3.4 Market Estimation Model
3.5 Criteria for Company Profiling
4 Market Overview
4.1 Introduction
4.2 Clinical Biomarkers Approaches in Precision Medicine
4.3 Market Available Clinical Biomarkers
4.4 Global Footprint
5 Global Clinical Biomarkers Market: Market Dynamics
5.1 Overview
5.2 Impact Analysis
5.3 Market Drivers
5.3.1 Increasing Prevalence of Infectious Diseases and Various Types of Cancer, Globally
5.3.2 Increase in Adoption of Personalized Medicine
5.3.3 Growing Focus on Biomarkers Research and Development Programs
5.3.4 Rising Demand for Non-Invasive Diagnosis
5.4 Market Restraints
5.4.1 Uncertain Reimbursement Policies Pertaining to Clinical Biomarkers
5.4.2 Requirement of High Capital Investment Hindering Expansion
5.4.3 Issues Related to Clinical Validity of Biomarkers-Based Tests
5.5 Market Opportunities
5.5.1 Massive Scope for Adoption of Clinical Biomarkers in Emerging Nations
5.5.2 Technological Advancements in Clinical Biomarkers-Based Tests
5.5.3 Increased Use of Clinical Biomarkers in Widespread Applications
6 Competitive Landscape
6.1 Key Strategies and Developments
6.1.1 Synergistic Activities
6.1.2 Product Approvals
6.1.3 Product Launches and Upgradations
6.1.4 Mergers and Acquisitions
6.1.5 Funding and Expansion
6.2 Market Share Analysis
6.3 Growth Share Analysis (Opportunity Mapping)
6.3.1 By Company
7 Global Clinical Biomarkers Market (by Type), 2018-2029
7.1 Diagnostic Biomarkers
7.2 Predictive Biomarkers
7.3 Prognostic Biomarkers
8 Global Clinical Biomarkers Market (by Clinical Area), 2018-2029
8.1 Cancer Biomarkers
8.1.1 Breast Cancer Biomarkers
8.1.2 Lung Cancer Biomarkers
8.1.3 Colorectal Cancer Biomarkers
8.1.4 Prostate Cancer Biomarkers
8.2 Cardiac Biomarkers
8.3 Neurological Biomarkers
8.4 Infectious Disease
8.5 Immunological Biomarkers
8.6 Non-Invasive Prenatal Testing
8.7 Other Clinical Areas
9 Global Clinical Biomarkers Market (by Technology), 2018-2029
9.1 Real-Time PCR
9.2 Enzyme-Linked Immuno Sorbent Assay (ELISA)
9.3 Immunohistochemistry (IHC)
9.4 Next-Generation Sequencing (NGS)
9.5 Other Technologies
10 Global Clinical Biomarkers Market (by End User), 2018-2029
10.1 Overview
10.2 Research and Academic Laboratories
10.3 Biopharmaceutical and Biotech Companies
10.4 Diagnostic Centers
10.5 Other End Users
11 Global Clinical Biomarkers Market (by Region), 2018-2029
11.1 Overview
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 U.K.
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest-of-Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Australia
11.4.5 Singapore
11.4.6 Rest-of-APAC
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest-of-Latin America
11.6 Rest-of-the-World
12 Company Profiles
12.1 Overview
12.2 Abbott Laboratories
12.2.1 Company Overview
12.2.2 Role of Abbott Laboratories in the Global Clinical Biomarkers Market
12.2.3 Financials
12.2.4 Key Insights about Financial Health of the Company
12.2.5 SWOT Analysis
12.3 Agilent Technologies, Inc.
12.4 ALCEDIAG
12.5 Becton, Dickinson and Company
12.6 bioMerieux S.A.
12.7 Bio-Rad Laboratories, Inc.
12.8 CENTOGENE N.V.
12.9 F. Hoffmann-La Roche Ltd.
12.10 Enzo Biochem Inc.
12.11 Hologic, Inc.
12.12 Illumina, Inc.
12.13 Myriad Genetics, Inc.
12.14 Quest Diagnostics Incorporated
12.15 QIAGEN N.V.
12.16 Thermo Fisher Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/77zhju
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior 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
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Image Credit: Pxiabay: https://pixabay.com/photos/laboratory-analysis-chemistry-2815641/
