Global Biomarkers Market to Witness Double-Digit Growth to 2023

September 10, 2018

WELLESLEY, Mass., Sep. 10, 2018 – Major drivers for growth of the global biomarkers market include a rise in government grants and research funding, the high prevalence of cancer in developed nations and the increasing application of biomarkers in personalized medicine. A new乐动体育-西甲2019赞助商study projects a $136.5 billion global biomarkers market by 2023, examining it by segment, type, therapeutic area and region.

Biomarkers have received much attention in the past decade and are still a buzzword in today’s biomedical field. The focus has changed from the discovery of novel biomarkers to their applications in human medicine, where their main promise resides in the areas of translational medicine and personalized medicine. From an estimated $78.9 billion in 2018, a five-year compound annual growth rate (CAGR) of 11.6% is forecast for this field, according to BCC Research’s report,Biomarkers: Technologies and Global Markets.

However, the shortage of qualified technicians, poorly suited regulatory scenarios, and an uncertain reimbursement system pose threats to market growth. Another challenge is difficulty in proving the clinical validity of biomarker-based tests. The clinical validation of biomarkers is essential for enabling translational and personalized medicine.

Research Highlights

• Based on segment, genomics accounted for the largest share (55.5%) of the global biomarkers market in 2017, but will be edged out by imaging biomarkers in terms of 5-year growth rates.
• Among therapeutic areas, oncological biomarkers held the biggest share (37.9%) in 2017, but its 5-year growth rate will be surpassed by that of immunology.
• By type, disease-related biomarkers led the market with 34.4% in 2017, although its 5-year growth will be slower relative to other biomarker types.

该报告的作者指出：“随着停滞附近的发达市场的增长模式，公司将更多地集中在寻找新的收入来源和新兴市场的盈利能力上，这对生物标志物来说是有利可图的。”“由于需求过剩和更容易进入，由于公众意识计划，政府激励措施和补贴以及更快的批准机制，这些市场具有巨大的潜力。”

Asia-Pacific Poised for Highest 5-Year Growth

BCC Research’s analysis revealed that North America accounted for the largest share (41.9%) of the global biomarkers market in 2017. The robustness of the North American market can be attributed to strong growth trends in pharmaceutical companies and contract research organizations. The Asia-Pacific region is expected to grow the fastest (at a 15.1% CAGR) from 2018 to 2023 due to the expansion of leading biomarker companies, increased R&D spending, and its high patient population.

Editors/reporters requesting analyst interviews should contact Eric Surber atpress@bccresearch.com.

Biomarkers: Technologies and Global Markets( BIO061E )
Publish Date:Aug 2018

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