Biomarkers Market Size, Share Demand and Forecast Report 2030
The biomarkers market size was valued at USD 45.1 billion in 2023 and is poised to grow at a significant CAGR of 12.2% during the forecast period 2024-2030. The growth of the market is majorly driven by rise in demand and need for the accurate diagnosis.
Biomarkers used in the medical field, are a part of a relatively new clinical toolset categorized by their clinical applications. The four main classes are molecular, physiologic, histologic and radiographic biomarkers. All four types of biomarkers have a clinical role in narrowing or guiding treatment decisions and follow a sub-categorization of being either predictive, prognostic, or diagnostic.
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The Biomarkers Market segmentation:
1) By Type: Biomarker of Disease, Biomarker of Exposure.
2) By Application: Disease Diagnosis, Disease Progression, Drug Discovery and Development, Development of Molecular Diagnostics, Forensic, Others.
3) By End User: Hospitals, Research Organizations, Diagnostic Centers, Others.
Based on its application, and its many positive attributes, the art of diagnosing a disease based on its indications and symptoms is known as diagnosis. In the past, the doctor relied on the patient's medical history, examination, and observation for diagnosis because there weren't many diagnostic tests accessible. Numerous technological developments in medicine during the 20th century led to the creation of new imaging techniques and a broad range of diagnostic tests. The capacity of physicians to diagnose patients accurately was greatly enhanced by these advancements.
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The prominent key players operating in the Biomarkers Market is QIAGEN N.V. (Netherlands), Merck Millipore (U.S.), PerkinElmer, Inc. (U.S.), Enzo Biochem, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Siemens Healthineers (Germany), Hoffmann-La Roche AG (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Abbott Laboratories (U.S.)
Scope of The Report:
· The Biomarkers Market research report includes historical data, trending features, and market growth estimates for the future.
· The qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period.
· The market report helps to provide the best results for business enhancement and business growth.
· The report gives a comprehensive overview of both primary and secondary data.
· The market key players covered here to help them strengthen their place in the market.
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