Sarasota, FL -- (SBWIRE) -- 02/22/2018 -- Global Cancer Biomarkers Market: Overview

Cancer biomarkers are molecules which are released in the presence of a tumor or show a particular indication in the body related to the presence of cancer. These are molecular substances or a physical condition that shows the presence of cancer cells in the body. These kinds of molecules are usually found in urine, tissues, blood, serum, and other body fluids that point out any kind of abnormal method or a syndrome. Cancer biomarkers are noticeable substances that can be utilized as a sign of biological state for tumor, therefore it can be utilized to prognostic stages of cancer and analyze test as well.

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Global Cancer Biomarkers Market: Growth Factors

The most significant factors which are driving the development of the cancer biomarkers market are growing occurrence of cancer, progress in omics technologies, rising healthcare outflow, development in R&D funding from private bodies and government, and growing demand & popularity for personalized drugs in cancer therapies. The demand and popularity of diagnostic markets are growing at a rapid rate where usual diagnostic equipment is unrelenting on producing accurate and reliable results. The demand for the global cancer biomarker market is increasing owing to the enhancement in technologies, tests, clinical laboratory, thus propelling the market growth to a great extent.

Global Cancer Biomarkers Market: Regional Analysis

North America and Europe are anticipated to dominate the global cancer biomarkers market. The factors that are contributing to the cancer biomarkers market are the high cancer detection and diagnostic methods, huge investment in research and development by biotechnology and pharmaceutical companies, and improved healthcare infrastructure which supports the R&D activities by utilizing biomarkers. Markets in rising economies such as the Latin America and the Asia Pacific are projected to develop at a significant rate due to growing funding for growing prevalence of cancer, cancer biomarker research, increasing demand for targeted and personalized drug therapies, and growing number of clinical trials. In addition, cancer biomarkers market in the Middle East and Africa is expected to grow at a considerable rate in the coming years

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Global Cancer Biomarkers Market: Segmentation

The global cancer biomarkers market is divided into type, cancer type, and profiling technology. By type, the cancer biomarkers market is classified into three divisions, namely, genetic biomarkers protein biomarkers, and other biomarkers (includes cell, viral, and carbohydrate biomarkers). It is projected that the protein biomarkers division is having the highest share in the global cancer biomarkers market. By cancer type, the cancer biomarkers market is split into prostate cancer, lung cancer, cervical cancer, breast cancer, colorectal cancer, and other cancers (which includes leukemia, pancreatic cancers, melanoma, kidney, gastric, and liver). It is predicted that the breast cancer division will hold the highest market share. It is predicted that it is mainly due to the increased occurrences of breast cancer in the past few years, improved knowledge about breast cancer diagnosis, and rising study focuses on breast cancer. Based on profiling technology, the market is classified into imaging technologies, omics technologies, cytogenetics, immunoassays, and bioinformatics. The omics technologies division is projected to have the largest market share in the global cancer biomarkers market. The largest share of this division is anticipated due to the augmented adoption of advanced technologies in biomarker discovery and growth of omics-based tests for drug progress and cancer diagnosis method.

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Global Cancer Biomarkers Market: Competitive Players

Some of the most important market players in the global cancer biomarkers market are Abbott Laboratories, Agilent Technologies, Affymetrix Inc., Illumina, Inc., Hologic Inc., Merck & Co. Inc., Roche Diagnostics Ltd., and Qiagen NV, among others.

Global Cancer Biomarkers Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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