Global Predictive Biomarkers Market Top Companies, Business Growth, Size and Forecast 2030
Research Nester published a report titled “Predictive Biomarkers Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global predictive biomarkers market in terms of market segmentation by indication, application, end-user, and by region.
Further, for the in-depth analysis, the
report encompasses the industry growth indicators, restraints, supply and
demand risk, along with detailed discussion on current and future market trends
that are associated with the growth of the market.
The global predictive
biomarkers market is
estimated to gain a significant CAGR over the forecast period, i.e., 2022–2030.
The market
is segmented on the basis of application into screening, analysis, diagnosis,
prediction, monitoring, and others, out of which, the prediction segment is projected
to hold the leading share
in the market during the forecast period owing to the increasing demand for
measuring the likelihood of response of the treatment, as it can improve the
success rate of the treatment.
The global predictive biomarkers market is estimated to grow on the back of increasing
prevalence of chronic diseases, such as, cancer, along with the growing need to
study the likelihood of response of a treatment in
patients. Use of predictive biomarkers provide a clearer result of how the body
reacts towards a specific therapy or treatment method. This reduces the time of
treatment, increases the chances of recovery and save the patient from
undergoing many therapies. These factors are estimated to boost the market
growth in the upcoming years.
Regionally,
the global predictive biomarkers market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region. The market in the North America is anticipated to gain the
largest share over the forecast period, on the back of increasing research and
development activities, and high healthcare expenditure in the region. As per the data by World Bank, in 2018, 16.416% of the total
GDP was spent on the healthcare in North America. The market in the Asia Pacific is estimated to
experience notable growth owing to the increasing prevalence of cancer and
diabetes, and improving healthcare sector, backed by the economic growth in the
region.
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Need
for Measuring the Probability of Response of Treatment to boost the Market
Growth
The growing prevalence of chronic diseases,
and lack of specific treatment for such diseases, has increased the demand for
technology that is able to study the response of therapy on the disease, and on
patient’s physiology. This is expected to boost the growth of the market. As
per the report of WHO, globally, diabetes is responsible for 1.6 million deaths
every year, whereas cancer
causes over 10 million deaths annually. Moreover, the advancement in healthcare technology
is also estimated to boost the market growth.
However, lack of efficient healthcare
facilities in developing nations, and need for high initial investments are
expected to operate as key restraint to the growth of the market over the
forecast period.
This report also provides the existing
competitive scenario of some of the key players of the global predictive biomarkers market, which
includes company profiling of Siemens Healthcare GmbH, F. Hoffmann-La Roche Ltd, Epigenomics AG, Thermo Fisher Scientific Inc.,
Bio-Rad Laboratories, Inc., QIAGEN GmbH, Danaher Corporation, Biomarker
Technologies, Inc., Almac Group Limited, and Myriad Genetics, Inc. The profiling enfolds key information of
the companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the global predictive
biomarkers market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the
future.
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