The Global Biomarkers Market Growth Accelerated By Increased Adoption Of Personalized Medicine


BiomarkersMarket 


Biomarkers are biological indicators that can help identify specific diseases or medical conditions. They play a crucial role in development of personalized medicine by acting as indicators for disease onset, progression, response to treatment, and risk assessment.

The global biomarkers market is estimated to be valued at US$ 17.97 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increased adoption of personalized medicine has been a key factor driving the growth of the biomarkers market. Personalized medicine uses an individual's biomarkers to tailor medical treatment to that person, increasing efficacy and minimizing harmful side effects. It has revolutionized the treatment of cancer and other complex diseases. As biomarkers help identify which patients are most likely to respond to particular drugs, personalized medicine relies heavily on biomarkers to target therapies according to a person's genetic makeup and disease. This has boosted the demand for biomarkers and is expected to further fuel market growth over the forecast period.

Segment Analysis
The global Biomarkers Market Share is dominated by protein biomarkers sub segment owing to its widespread applications across disease diagnosis, drug development and others. Protein biomarkers find usage in assessing patient’s health status and monitoring of diseases progression or response to therapy. These biomarkers provide accurate information about various protein levels in blood, urine or body tissues which help in disease diagnosis.

Key Takeaways
The global biomarkers market is expected to witness high growth during the forecast period of 2023-2030. The global biomarkers market is estimated to be valued at US$ 17.97 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.

Regional analysis related content comprises:
The North America region holds over 35% share of the global biomarkers market and is expected to maintain its dominance during the forecast period. Strong presence of leading pharmaceutical companies and availability of advanced healthcare facilities for research drives the biomarkers market growth in the region. Additionally, rising cancer prevalence and initiatives towards precision medicine further boost the demand.

Key players related content comprises:
Key players operating in the biomarkers market are focused on expanding their product portfolio and footprint globally through partnerships and mergers & acquisitions. For instance, BASF SE provides biomarker services and assay development for diagnostics and pharmaceutical clients. Novozymes A/S offers bio-based solutions for various industries including agriculture, food & beverages, household care, chemicals and others through enzymes, microbes and biochemicals.

Comments

Post a Comment

Popular posts from this blog

The Plastic Bandages Market Is Anticipated To Witness High Growth Owing To Increased Demand For Cost-Effective Wound Care Solutions

Image
Plastic Bandages Market The plastic bandages market comprises flexible plastic strips coated with adhesive on one side, used to cover minor wounds, injuries, or irritation on the skin such as cuts, scrapes, burns, and blisters. Plastic bandages provide an effective and affordable wound care solution by protecting the wound from external contamination, further injury and trauma. They maintain a moist environment around the wound to accelerate the healing process. In comparison to traditional cloth or gauze bandages, plastic ones provide improved durability, flexibility, permeability to air and moisture. The global plastic bandages market is estimated to be valued at US$ 11.14 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the plastic bandages market are Johnson & Johnson, BSN Medical, 3M, Acelity L.P. Inc., Medline Industries Inc., ConvaTec Inc., Lohmann & Rauscher GmbH & Co. KG, Nitto...
Read more

Cannabis Extract Market Is Expected To Poised For Growth Due To Wide Range Of Medical Applications And Health Benefits

Image
  Cannabis Extract Market The Cannabis Extract Market is a fast-growing industry focused on processing and extracting medical compounds and oils from cannabis plants. Cannabis extracts offer advantages over dried plants, including consistent dosing and easy consumption. Cannabis extracts contain cannabinoids like CBD and THC that are used to treat conditions such as chronic pain, epilepsy, insomnia, and anxiety. The global Cannabis Extract Market is estimated to be valued at US$ 10,704.56 million in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Key Trends: Growth Accelerated by Rising Adoption of Cannabis Extracts The key trend driving growth in the Cannabis Extract Market is the rising adoption of cannabis extracts over dried plants. Cannabis extracts allow for precise and consistent dosing through easy-to-use formats like oils, edibles, and topicals. Extract...
Read more

India Geriatric Care Services Market Growth Accelerated By Expanding Elderly Population

Image
India Geriatric Care Services Market Geriatric care services help improve the health and quality of life of the elderly population. They provide care ranging from assistance with daily activities to complete personal and medical care. The services are highly essential for the growing elderly population who may need help due to the impact of age-related medical conditions or disabilities. The global India Geriatric Care Services Market is estimated to be valued at   US$ 29.42 Bn in 2023   and is expected to exhibit a   CAGR of 6.4%   over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The expanding elderly population is the primary driver boosting the growth of India's geriatric care services market. As per United Nations Population Fund (UNFPA), the population aged 60 years and above in India is projected to increase from 103 million in 2011 to 316 million by 2050. The rising senior population c...
Read more