The Global Biomarkers Market is expected to rise at a CAGR of 13.3% over the forecast period from 2016 to 2022, according to a new report from Market Research Future (MRFR). The report profiles the market’s key drivers and restraints in order to get a clear picture of the market’s progress over the coming years. Major players operating in the global biomarkers market are also assessed in the report to provide readers with a clear understanding of the competitive landscape of the market.

Biomarkers are identifiers of diseases manifested within the body by the body’s natural reaction with the respective disease. The global market for biomarkers has been mainly driven by the growing medical research sector around the world, including in developed countries such as France, the U.S., and Germany as well as emerging economies such as India, China, and Japan.

The growing prevalence of communicable diseases as well as chronic noncommunicable diseases, such as cancer, has been vital for the global medical biomarkers market in the last few years. This is likely to remain a key driver for the global biomarker market over the forecast period, as several countries have stepped up their efforts in the medical research sector due to the high profitability of the sector for the players involved in it. The increasing support from regulatory agencies such as the FDA is likely to be crucial for the biomarker market over the forecast period.

The growing prevalence of cancer is likely to be a major driver for the global biomarker market over the forecast period, as biomarkers play a vital role in the early diagnosis of cancer, which allows effective treatment. The growing government expenditure in cancer research is likely to be a major driver for the global biomarker market over the forecast period.

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Key Players for Global Biomarkers Market

Merck & Co. Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Bio-Rad Laboratories Inc., Enzo Biochem Inc., PerkinElmer Inc., Siemens Healthcare GmbH, and Roche Diagnostics Ltd.

Industry Updates:

In February 2019, researchers at the Indian Institute of Technology in Rourkee identified salivary biomarkers for cancer. This represents a much easier alternative for diagnosis than conventional cancer diagnosis methods.

Segments for Global Biomarkers Market

The Global Biomarkers Market is segmented on the basis of type, indication, application, and region.

The Global Biomarkers Market has been segmented on the basis of type into predisposition biomarkers, diagnostic biomarkers, prognostic biomarkers, and predictive biomarkers.

On the basis of indication, the biomarkers market is segmented into cancer, neurological disorders, cardiovascular disorders, immunological disorders, and others.

On the basis of application, the biomarkers market is segmented into tests, therapies, drug discovery, drug formulation, and others.

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