
Biomarkers Market Size, Share, and Analysis, By Type (Safety, Efficacy, and Validation), By Application (Diagnostics Development, Drug Discovery & Development, Personalized Medicine, Disease-Risk Assessment, and Others), By Product Type (Consumables, Serv
Description
Biomarkers Market Size, Share, and Analysis, By Type (Safety, Efficacy, and Validation), By Application (Diagnostics Development, Drug Discovery & Development, Personalized Medicine, Disease-Risk Assessment, and Others), By Product Type (Consumables, Services, and Software), By Technology (Safety Biomarkers, Efficacy Biomarkers, and Validation Biomarkers), By Indication (Cancer, Cardiovascular Disorders, Neurological Disorders, Immunological Disorders, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Biomarkers Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 64.3 billion and is projected to reach USD 249.6 billion by the completion of 2034.
Biomarkers are measurable indicators of biological states or conditions within an organism and serve as valuable tools in medical fields. These indicators can be genes, characteristics, or procedures that signify normal or abnormal function or the progression of a disease. Biomarkers offer important data about a person's health and are used in disease diagnosis, risk evaluation, and personalized medication. They can be found using imaging methods and in a variety of biological samples, such as blood, urine, and tissue. Thus, biomarkers are important for the development of healthcare and the improvement of patient outcomes as they allow for earlier identification and more precise diagnoses.
MARKET HIGHLIGHTS
Biomarkers Market is projected to reach USD 249.6 billion over the forecast period, owing to growing demand for personalized medicine and a high incidence of chronic diseases. The growth of the biomarkers market is further driven by high funding in pharmaceutical and biotech research, as well as an increase in healthcare spending. Additionally, the market is expanding due to the discovery of new biomarkers in the genomics, proteomics, and metabolomics segments. These biomarkers are classified based on various criteria like safety, efficacy, and predictive biomarkers. They are used in various medical domains such as brain disorders, cancer, and heart disease. However, despite the growth potential, challenges like high development costs and strict laws and regulations exist. Thus, the biomarkers market is predicted to expand due to its use in drug development and clinical diagnostics, which highlights its importance in offering healthcare solutions.
Biomarkers Market Segments:
Growth Drivers
Rising Prevalence of Chronic Diseases is Driving Growth in the Biomarkers Market
Advancements in Technology Act as a Catalyst for Market Growth
Restraint
High Costs of Development in the Market Will Impact the Growth
Key Players
PRODUCT OVERVIEW
Biomarkers Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 64.3 billion and is projected to reach USD 249.6 billion by the completion of 2034.
Biomarkers are measurable indicators of biological states or conditions within an organism and serve as valuable tools in medical fields. These indicators can be genes, characteristics, or procedures that signify normal or abnormal function or the progression of a disease. Biomarkers offer important data about a person's health and are used in disease diagnosis, risk evaluation, and personalized medication. They can be found using imaging methods and in a variety of biological samples, such as blood, urine, and tissue. Thus, biomarkers are important for the development of healthcare and the improvement of patient outcomes as they allow for earlier identification and more precise diagnoses.
MARKET HIGHLIGHTS
Biomarkers Market is projected to reach USD 249.6 billion over the forecast period, owing to growing demand for personalized medicine and a high incidence of chronic diseases. The growth of the biomarkers market is further driven by high funding in pharmaceutical and biotech research, as well as an increase in healthcare spending. Additionally, the market is expanding due to the discovery of new biomarkers in the genomics, proteomics, and metabolomics segments. These biomarkers are classified based on various criteria like safety, efficacy, and predictive biomarkers. They are used in various medical domains such as brain disorders, cancer, and heart disease. However, despite the growth potential, challenges like high development costs and strict laws and regulations exist. Thus, the biomarkers market is predicted to expand due to its use in drug development and clinical diagnostics, which highlights its importance in offering healthcare solutions.
Biomarkers Market Segments:
- By Type
- Safety
- Efficacy
- Validation
- By Application
- Diagnostics Development
- Drug Discovery & Development
- Personalized Medicine
- Disease-Risk Assessment
- Others
- By Product Type
- Consumables
- Services
- Software
- By Technology
- Safety Biomarkers
- Efficacy Biomarkers
- Validation Biomarkers
- By Indication
- Cancer
- Cardiovascular Disorders
- Neurological Disorders
- Immunological Disorders
- Others
Growth Drivers
Rising Prevalence of Chronic Diseases is Driving Growth in the Biomarkers Market
Advancements in Technology Act as a Catalyst for Market Growth
Restraint
High Costs of Development in the Market Will Impact the Growth
Key Players
- Thermo Fisher Scientific Inc.
- Roche Diagnostics
- Abbott Laboratories
- Siemens Healthineers
- Danaher Corporation
- Bio-Rad Laboratories, Inc.
- GE Healthcare
- Agilent Technologies, Inc.
- Illumina, Inc.
- Qiagen N.V.
- Merck KGaA
- PerkinElmer, Inc.
- Bruker Corporation
- BD (Becton, Dickinson, and Company)
- Hologic, Inc.
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
573 Pages
- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2. Business Trends
- 1.3. Biomarkers Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2. Biomarkers Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Biomarkers Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2. COVID-19 overview of world economy
- 4.3. Industry Ecosystem Channel Analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1. Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4. Market Restraints
- 7.5. Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porter's Five Forces
- 9.2. PEST Analysis
- 9.2.1. Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10. Biomarkers Market
- 10.1. Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Biomarkers Market Size & Forecast 2024 A-2034 F
- 11.1. Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Type
- 11.3.1.1. Safety
- 11.3.1.1.1. By Value (USD Million) 2024-2034 F
- 11.3.1.1.2. Market Share (%) 2024-2034 F
- 11.3.1.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.1.2. Efficacy
- 11.3.1.2.1. By Value (USD Million) 2024-2034 F
- 11.3.1.2.2. Market Share (%) 2024-2034 F
- 11.3.1.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.1.3. Validation
- 11.3.1.3.1. By Value (USD Million) 2024-2034 F
- 11.3.1.3.2. Market Share (%) 2024-2034 F
- 11.3.1.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2. By Application
- 11.3.2.1. Diagnostics Development
- 11.3.2.1.1. By Value (USD Million) 2024-2034 F
- 11.3.2.1.2. Market Share (%) 2024-2034 F
- 11.3.2.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2.2. Drug Discovery and Development
- 11.3.2.2.1. By Value (USD Million) 2024-2034 F
- 11.3.2.2.2. Market Share (%) 2024-2034 F
- 11.3.2.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2.3. Personalized Medicine
- 11.3.2.3.1. By Value (USD Million) 2024-2034 F
- 11.3.2.3.2. Market Share (%) 2024-2034 F
- 11.3.2.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2.4. Disease Risk Assessment
- 11.3.2.4.1. By Value (USD Million) 2024-2034 F
- 11.3.2.4.2. Market Share (%) 2024-2034 F
- 11.3.2.4.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2.5. Others
- 11.3.2.5.1. By Value (USD Million) 2024-2034 F
- 11.3.2.5.2. Market Share (%) 2024-2034 F
- 11.3.2.5.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.3. By Product Type
- 11.3.3.1. Consumables
- 11.3.3.1.1. By Value (USD Million) 2024-2034 F
- 11.3.3.1.2. Market Share (%) 2024-2034 F
- 11.3.3.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.3.2. Services
- 11.3.3.2.1. By Value (USD Million) 2024-2034 F
- 11.3.3.2.2. Market Share (%) 2024-2034 F
- 11.3.3.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.3.3. Software
- 11.3.3.3.1. By Value (USD Million) 2024-2034 F
- 11.3.3.3.2. Market Share (%) 2024-2034 F
- 11.3.3.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.4. By Technology
- 11.3.4.1. Safety Biomarkers
- 11.3.4.1.1. By Value (USD Million) 2024-2034 F
- 11.3.4.1.2. Market Share (%) 2024-2034 F
- 11.3.4.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.4.2. Efficacy Biomarkers
- 11.3.4.2.1. By Value (USD Million) 2024-2034 F
- 11.3.4.2.2. Market Share (%) 2024-2034 F
- 11.3.4.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.4.3. Validation Biomarkers
- 11.3.4.3.1. By Value (USD Million) 2024-2034 F
- 11.3.4.3.2. Market Share (%) 2024-2034 F
- 11.3.4.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.5. By Indication
- 11.3.5.1. Cancer
- 11.3.5.1.1. By Value (USD Million) 2024-2034 F
- 11.3.5.1.2. Market Share (%) 2024-2034 F
- 11.3.5.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.5.2. Cardiovascular Disorders
- 11.3.5.2.1. By Value (USD Million) 2024-2034 F
- 11.3.5.2.2. Market Share (%) 2024-2034 F
- 11.3.5.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.5.3. Neurological Disorders
- 11.3.5.3.1. By Value (USD Million) 2024-2034 F
- 11.3.5.3.2. Market Share (%) 2024-2034 F
- 11.3.5.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.5.4. Immunological Disorders
- 11.3.5.4.1. By Value (USD Million) 2024-2034 F
- 11.3.5.4.2. Market Share (%) 2024-2034 F
- 11.3.5.4.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.5.5. Others
- 11.3.5.5.1. By Value (USD Million) 2024-2034 F
- 11.3.5.5.2. Market Share (%) 2024-2034 F
- 11.3.5.5.3. Y-o-Y Growth (%) 2024-2034 F
- 12. North America Biomarkers Market Size & Forecast 2024 A-2034 F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Type
- 12.3.2. By Application
- 12.3.3. By Product Type
- 12.3.4. By Technology
- 12.3.5. By Indication
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13. Europe Biomarkers Market Size & Forecast 2024 A-2034 F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Type
- 13.3.2. By Application
- 13.3.3. By Product Type
- 13.3.4. By Technology
- 13.3.5. By Indication
- 13.4. Country
- 13.4.1. Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia-Pacific Biomarkers Market Size & Forecast 2024 A-2034 F
- 14.1. Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Type
- 14.3.2. By Application
- 14.3.3. By Product Type
- 14.3.4. By Technology
- 14.3.5. By Indication
- 14.4. Country
- 14.4.1. India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Biomarkers Market Size & Forecast 2024 A-2034 F
- 15.1. Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Type
- 15.3.2. By Application
- 15.3.3. By Product Type
- 15.3.4. By Technology
- 15.3.5. By Indication
- 15.4. Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4. South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Biomarkers Market Size & Forecast 2024 A-2034 F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Type
- 16.3.2. By Application
- 16.3.3. By Product Type
- 16.3.4. By Technology
- 16.3.5. By Indication
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2023
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. Thermo Fisher Scientific Inc.
- 18.1.1. Company Overview
- 18.1.2. Financial Overview
- 18.1.3. Key Product; Analysis
- 18.1.4. Company Assessment
- 18.1.4.1. Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2. Roche Diagnostics
- 18.3. Abbott Laboratories
- 18.4. Siemens Healthineers
- 18.5. Danaher Corporation
- 18.6. Bio-Rad Laboratories, Inc.
- 18.7. GE Healthcare
- 18.8. Agilent Technologies, Inc.
- 18.9. Illumina, Inc.
- 18.10. Qiagen N.V.
- 18.11. Merck KGaA
- 18.12. PerkinElmer, Inc.
- 18.13. Bruker Corporation
- 18.14. BD (Becton, Dickinson and Company)
- 18.15. Hologic, Inc.
- 18.16. Other Prominent Players
- 19. Appendix
- 20. Consultant Recommendation
Pricing
Currency Rates
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