Research N Reports offers latest published report “Companion Diagnostic Cancer Biomarker Market – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025”. The author of the report analyzed that the Global Companion Diagnostic Cancer Biomarker Market accounted for US$ 2.29 billion in 2016.
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A cancer biomarker refers to a substance or procedure that gives indication for the presence of cancer in the body. These biomarkers are endogenous proteins or metabolites whose amounts or modifications reveal tumor state, progression characteristics and response to therapies.
In recent years, research on cancer biomarkers has increased immensely. This research is provreport_iding great opportunities for improving the management of cancer patients by enhancing the efficiency of detection and effectiveness of treatment.
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Recent technological advancements have enabled the examination of many potential biomarkers and developed interest in new biomarkers.
Based on its type, the Global Companion Diagnostic Cancer Biomarkers Market is segmented into:
• Protein Biomarkers
• Genetic Biomarkers
• Other Cancer Biomarkers
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Protein Biomarkers product type accounted for major share of global companion diagnostic cancer biomarkers market in 2015 and other types are also predicted to follow the lead and further fuel the growth of this market.
By its application type, the Global Companion Diagnostic Cancer Biomarkers Market is segmented into
• Breast Cancer
• Lung Cancer
• Colorectal Cancer
• Others (Cervical, Kreport_idney, Leukemia,.)
Growth opportunities in the NGC Technology to drive the market
As cancer is a hereditary disease that is driven by heritable or physical transformations, new DNA sequencing technologies are foreseen to substantially affect the detection, management, and treatment of the disease. NGS defines technologies that share the capability to massively parallel sequence millions of DNA templates.
Next-generation sequencing is allowing overall collaborative endeavors, for example, the International Genome Consortium (ICGC) and The Cancer Genome Atlas (TCGA) project, to record the genomic scenario of thousands of cancer genomes crosswise over numerous ailment types. Next-Generation Sequencing (NGS) is a standout amongst the most noteworthy advancements in the organic sciences which is relied upon to encourage development.
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A companion diagnostic is a medical device, often an in-vitro device provreport_iding information that is essential for the safe and effective use of a corresponding drug or biological product. Although companion diagnostics promises to bring new efficiencies to the healthcare system, there is an additional layer of complexity.
The current reimbursement system was designed to support relatively simple diagnostic tests that formed the basis of the traditional diagnostics industry. This system is not designed to support companion diagnostic cancer biomarkers and research, and hence hampers the progress of the market.
High demand from the emerging economies
On the basis of regions, the Global Companion Diagnostic Cancer Biomarkers Market is segmented into North America, Europe, Asia Pacific, Mreport_iddle East and Africa, and Latin America. North America accounted for major share of global Companion Diagnostic Cancer Biomarkers market in 2015 and is expected to increase in the near future.
Other regions are also predicted to follow the lead and further fuel the growth of this market.
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