Kenneth Research, in its repository of market research reports, have recently added a report on Cancer Biomarkers Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cancer Biomarkers Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
Global Cancer Biomarkers Market was valued at USD 13.50 Billion in the year 2017. Global Cancer Biomarkers Market is further estimated to grow at a CAGR of 14% from 2019 to reach USD 37.94 Billion by the year 2025.
The Global Cancer Biomarkers is segmented as by cancer type, by profiling technology, by biomarkers, and by region. On the basis of the type of cancer the Market is segmented as Prostate Cancer, Breast Cancer, Lung Cancer, Colorectal Cancer, Cervical Cancer and Others of which breast cancer holds the highest Market share.
On the basis of Profiling Technology, the Global Cancer Biomarkers Market is segmented as OMICS Technology, Imaging Technology, Immunoassays, Cytogenetics, and Bioinformatics of which OMICS Technology is expected to hold the highest Market share in the forecasted period.
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On the other hand, by a Biomarkers Type, the Market is segmented as Protein Biomarkers, Genetic Biomarkers and others for this protein biomarker segment are expected to grow at highest CAGR during the year 2019-2025. The large share of this segment is mainly attributed to the tremendous potential of protein biomarkers in cancer detection.
Major market players in Cancer Biomarkers Market are 23andMe, Agilent Technologies, Abbott Laboratories Inc., Biomerieux, Hologic Inc., Roche Holding AG, Illumina Inc., Roche Diagnostics, GE Healthcare, Bio-Rad Laboratories, and brief information of 10 companies will be provided in the report.
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SWOT Analysis of Cancer Biomarkers Market:
Strength:
Increased Incidences of Cancer Globally
Higher Acceptance for Treatment in Developing Regions
Weakness:
High Cost of Diagnosis and Reimbursement Issues
Opportunities:
Technological and Scientific advancements
Emerging Economies
Threats:
Unfavorable Regulatory framework and policies
Cancer Biomarkers Market Segmentation:
By Cancer Type
*Prostate Cancer
*Breast Cancer
*Lung Cancer
*Colorectal Cancer
*Cervical Cancer
*Others
By Profiling Technology
*OMICS Technology
*Imaging Technology
*Immunoassays
*Cytogenetics
*Bioinformatics
By Biomarkers Type
*Protein Biomarkers
*Genetic Biomarkers
*Others
By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa
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