The latest market report published by Credence Research, Inc. “Global Cancer Biomarkers Market By Type (Genetic Biomarkers, Epigenetic Biomarkers, Metabolic Biomarkers, Proteomic Biomarkers), By Type of Cancer (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Cervical Cancer), By Type of Profiling Technologies (Immunoassays, Omics Technologies, Cytogenetics, Imaging Technologies, Bioinformatics), By Application (Diagnostics, Drug Discovery & Development, Prognostics, Risk Assessment) – Growth, Future Prospects, and Competitive Analysis, 2017-2025,” the cancer biomarkers market was valued at USD 10,514.0 Mn in 2016, and is expected to reach USD 30,284.5 Mn by 2025, expanding at a CAGR of 11.5% from 2017 to 2025.
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According to Provista Diagnostics, there are six types of biomarkers in cancer research such as risk assessment, screening/detection, diagnosis, prognosis, prediction and monitoring. In case of risk assessment biomarkers identify factors to access disease susceptibility, screening biomarkers indicate the early presence of disease, and predicting biomarkers predict efficacy or response to several treatments. In recent years, remarkable advances have taken place in understanding the molecular mechanism of cancer progression which has transformed the way people can observe the process of malignant transformation. Moreover, market experts also feel that this knowledge should be translate to provide better treatments for cancer patients. This development has successfully enticed the interest towards the development of targeted therapies for cancer and personalized medicine.
The overall market segmentation of cancer biomarkers market comprises by type, cancer type, profiling technologies type, and application type. In year 2016, proteomic biomarkers dominated the market by type due to exceptional market potential of protein biomarkers in diagnostics, prognostics, cancer detection and other clinical & therapeutic applications. In addition, increasing focus of pharmaceutical & biotechnology companies in research and development of protein biomarkers is expected to fuel the overall market growth.
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In year 2016, breast cancer dominated the cancer biomarkers market by cancer type due to rising prevalence of disease, high awareness associated with early diagnosis, increasing public awareness with assistance of government and non-government organizations, and rising research and development activities in the field of breast cancer diagnosis. During the forecast period 2017 – 2025, lung cancer was observed as the fastest growing segment due to key driving factors such as rising prevalence of lung cancer due to increase in air pollution and frequent smoking observed in young generation.
In case of profiling technologies omics technologies accounted for the largest share of the cancer biomarkers market and also the fastest growing segment due to key driving factors such as increased adoption of advanced high throughput technologies in biomarker discovery and development and rising application of omics-based tests for cancer diagnosis and drug development process. In addition, incessant developments in high-throughput omics technologies are also backing the growth of this market, by rising the space of prospective biomarkers in cancer research.
In year 2016, applications segment was dominated by diagnostics due to key driving factors such as increasing awareness amongst patients about the importance of early diagnosis of cancer and diagnostic biomarkers enable doctors to decide effective treatment alternatives.
North America dominated the cancer biomarkers market in year 2016 due to key driving factors such as increasing adoption of innovative technology, headquarters of key pharmaceutical companies are based in North America, established R&D infrastructure pertaining to the development of novel diagnostic products, and increased demand for specific & early diagnostics. Asia Pacific region was observed as the fastest growing segment due to increasing prevalence of cancer, beneficial environment for clinical trials, and increasing government support for drug development programs is anticipated to witness lucrative CAGR.
Market Competition Assessment:
The cancer biomarkers market is observed as the most diversified and competitive market comprising large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are Abbott Laboratories, Affymetrix, Inc., DiagnoCure Inc. Qiagen N.V., Illumina, Inc., Roche Diagnostics Ltd., Quest Diagnostics Inc., Agilent Technologies Inc., Merck & Co. Inc., Hologic, Inc., and Becton Dickinson and Company among others.
Key Market Movements:
- Rising prevalence of cancer in developed as well as developing countries
- Increasing application of biomarkers in the drug discovery and development process
- Supportive government policies and awareness activities carried out by non-government organization
Table of Content
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.5. Approach Adopted
Chapter 2. Executive Summary
2.1. Global Cancer Biomarkers Market Portraiture
2.1.1. Global Cancer Biomarkers Market, by Type, 2016
2.1.2. Global Cancer Biomarkers Market, by Type of Cancer, 2016
2.1.3. Global Cancer Biomarkers Market, by Profiling Technologies, 2016
2.1.4. Global Cancer Biomarkers Market, by Application, 2016
2.1.5. Global Cancer Biomarkers Market, by Geography, 2016
Chapter 3. Cancer Biomarkers Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Cancer: Epidemiology & Diagnosis Rate
3.3. Cancer Biomarkers: Price Analysis
3.4. Cancer Biomarkers: Future Trends
3.8. Attractive Investment Proposition, by Geography, 2016
3.9. Major Agreements, Partnerships and Collaborations
3.10. Competitive Landscape
3.10.1. Competitive Landscape, by Key Players, 2016
Chapter 4. Global Cancer Biomarkers Market, by Type, 2015 – 2025 (US$ Mn)
4.1.1. Attractive Investment Proposition: Global Cancer Biomarkers Market, by Type
4.2. Genetic Biomarkers
4.3. Epigenetic Biomarkers
4.4. Metabolic Biomarkers
4.5. Proteomic Biomarkers
Chapter 5. Global Cancer Biomarkers Market, by Type of Cancer, 2015 – 2025 (US$ Mn)
5.1.1. Attractive Investment Proposition: Global Cancer Biomarkers Market, by Type of Cancer
5.2. Breast Cancer
5.3. Lung Cancer
5.4. Colorectal Cancer
5.5. Prostate Cancer
5.6. Cervical Cancer
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