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Detailed examination of the top trends in “cancer biomarkers market” to hit 12.2% CAGR and projected to reach USD 20.48 billion from 2017 to 2022

Medical Market Research

Major factors driving growth of cancer markers market are rising prevalence of cancer, advancements in omics technologies, increasing healthcare expenditure, growth in R&D funding from government and private bodies, & rising demand for personalized medicine in cancer therapies. High cost of various cancer diagnostic tests, need for high capital investments, poorly suited regulatory ; reimbursement systems, & technical issues related to sample collection are restricting growth of this market.

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Major players in cancer biomarkers market research that are profiled with Abbott (US), Affymetrix (US), Roche (Switzerland), Illumina (US), QIAGEN (Netherlands), Agilent (US), Thermo Fisher (US), Merck (US), Becton Dickinson (US), Hologic (US), Danaher (US), and Shimadzu (Japan).

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The global cancer biomarkers market is accounted for USD 10.31 Billion in 2016 and is expected to grow at a CAGR of 12.2% to USD 20.48 Billion by 2022 during the forecast period. They enhance cancer detection and facilitate high-speed noninvasive diagnosis using genomics and proteomics.

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“The lung cancer segment is expected to register the highest CAGR”

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The cancer biomarkers market on the basis of cancer type is classified into breast, lung, colorectal, prostate, melanoma, leukemia, thyroid, bladder, non-hodgkin’s lymphoma, kidney, and other cancers. The lung cancer segment is expected to register the highest CAGR during the forecast period.

The increasing company focus on research on lung cancer biomarkers is the key driver for this market.

Key Target Audience:

  • Manufacturing companies of diagnostics kits and imaging instrument providers
  • Biomarkers assay and reagent manufacturers, vendors, and distributors
  • Contract research organizations (CROs)
  • Companies offering platforms/technologies for cancer diagnosis
  • Market research and consulting firms
  • Venture capitalists and investors

Cancer biomarkers market on the basis of profiling technology is classified into omics technology, imaging technology, immunoassay, bioinformatics, and cytogenetics. Omics technologies segment is expected to account for largest share of global market for cancer biomarkers in 2017.

Demand for advanced omics technologies has increased significantly in recent years mainly due to high-throughput nature of these technologies.

Click now for more Details, Queries and Other Information on this study of “Cancer Biomarkers Market by Type (Protein Biomarker, Genetic Biomarker), Cancer Type (Breast, Melanoma, Leukemia, Lung), Profiling Technology (Omics, Imaging, Immunoassay, Bioinformatics), Application (Diagnosis, Prognostics, R&D) - Global Forecast to 2022” at…ount?rname=412680 .

Cancer biomarkers are substances or processes that are indicative of the presence of cancers in the human body. Biomarkers may be produced by the cancer tissue itself or by other cells in the body in response to cancer.

They can be found in the blood, stool, urine, tumor tissue, or other tissues or bodily fluids.

Research Coverage:

The competitive landscape covers growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on key players in the cancer biomarkers market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future.

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