Biomarkers Market: Sales, Revenue, Gross Margin Analysis 2020 | Market Data Forecast
Biomarkers
Market Value and Growth Analysis:
Biomarkers market is expected to reach USD
46.12 billion by 2020 from USD 24.55 billion in 2015, growing at a CAGR of
13.44% during the forecast period 2015-2020. Biomarkers are described as the
biological molecules or genes assist in crucial clinical decisions and
diagnosis of health conditions in patients. These are also known as molecular
markers or signature molecules and used to analyze the pharmacologic responses,
biological & pathological conditions. Biomarkers are found extensively in
body fluids and tissues. Biomarkers are helpful in drug discovery and
development processes and assessment of disease conditions.
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Biomarkers
Market Drivers and Restraints:
Increasing research and development spending,
rising healthcare expenditure, and growing demand for biomarkers in the
diagnostic field are driving the growth of global biomarkers market. In
addition, increasing number of low cost of clinical trials in emerging
countries, growth initiatives in biomarkers research, increasing growth of
information technology, growing demand for drug discovery are further
propelling the growth of global biomarkers market. However, the requirement of
high investment, improper reimbursement policies, poor regulatory bodies, the
high cost of testing procedures, and difficulties in sample collection &
storage are the major factors restraining the growth of global biomarkers
market.
Biomarkers
Market Segment
The Market is segmented based on the product,
type, application, and disease indications. Based on product, the market is
further sub-segmented as consumables, software, and services. Based on the
type, the market is segmented as safety biomarkers, efficacy biomarkers, and
validation biomarkers. Biomarkers application is further segmented as
diagnostics developments, drug discovery & developments, personalized
medicine, and disease risk assessment. Based on disease indications, the market
is segmented as cancer, cardiovascular, neurological, and immunological disorders.
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Regional
Analysis
On the basis of the
geographical region, the global biomarkers market is segmented as North
America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
North America held the major market share of 39.0% of the global biomarkers
market in 2015, whereas Asia-Pacific is estimated to grow at the highest CAGR
of 16.20% during the forecast period 2015-2020.
Biomarkers
Market Competitors Analysis
The key players in global
biomarkers industry include Bio-Rad Laboratories (U.S.), Qiagen N.V.
(Netherlands), Enzo Biochem (U.S.), PerkinElmer, Inc. (U.S.), Merck & Co,
Inc. (U.S.), EKF Diagnostics Holdings plc. (U.S.), Meso Scale Diagnostics, LLC
(U.S.), Singulex, Inc. (U.S.), BioSims Technologies (France), Cisbio Bioassays
(France), and Signosis, Inc. (U.S.).
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The scope of the report provides:
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The
evaluation of the current market for your product or services and the future
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Addresses
the opportunities by better understanding the market through size estimates and
growth rate analysis to forecast the market for the future
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Extensive
segmentation to understand the dynamics of market at a very granular level by
splitting down the market to the smallest segment
·
Addresses
the key market dynamics involving the drivers, restraints and challenges with
an aim of providing insights for gaining market share
·
The
factors responsible for the shaping of the industry as it is as a result of
competitive environment is analyzed through Porter’s Five Forces
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The
effects of political, economic, social, technological, legal and environmental
factors on the industry is analyzed through PESTLE analysis to better
understand the aspects of strategic management required to comply with the
exogenous and endogenous factors
·
Strategic
evaluation of the key players to gain insights of their performance allowing
access to their product portfolio, financial performance and the strengths of
their business strategic developments
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Comparative
study of the firms across the industry measuring their performances based on
market share and recent activities in order to achieve competitive intelligence
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industry
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