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Cancer Biomarkers Market Size, Share, Research Report 2028

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According to the market research report the global The Cancer Biomarkers Market size is anticipated to reach USD 48.52 billion by 2028 from an estimated USD 16.56 billion in 2021, growing at a CAGR of 16.6% globally.

 

 

The Growing preference for wireless connectivity among healthcare providers, Increasing incidence of cancer worldwide, increasing use of cancer biomarkers in drug discovery development and increasing RD on cancer biomarkers are among the other factors. Emerging economies such as India and Japan are providing lucrative opportunities for the players operating in the Cancer Biomarkers Market.

According to the market research report the global The Cancer Biomarkers Market size is anticipated to reach USD 48.52 billion by 2028 from an estimated USD 16.56 billion in 2021, growing at a CAGR of 16.6% globally.

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The protein biomarkers segment accounted for the largest share of the cancer biomarkers market, by biomarker type segment, in 2022

Based on biomarkers type, the market is segmented into protein biomarkers, genetic biomarkers and other cancer biomarkers. The protein biomarkers segment accounted for the largest share of the cancer biomarker market, mainly due to rising technological advancements In the development of cancer biomarkers and increasing RD on cancer biomarkers.

The omics technology accounted for the largest share of the cancer biomarkers market, by profiling technology segment, in 2022

By Cancer Type, breast cancer is projected to have the maximum market share in the cancer biomarker market during the analysis period. Breast cancer is one of the most common cancers in women. Breast cancer occurs due to various reasons such as genetic mutation, being overweight, reproductive history, and alcohol drinking.  The risk of breast cancer increases the age.

Lung cancer segment to register the highest growth rate during the forecast period

The cancer biomarker market is segmented into breast cancer, lung cancer, colorectal cancer, prostate cancer, melanoma, leukemia, thyroid cancer, bladder cancer, non-hodgkins lymphoma, kidney cancer and other cancer types based on cancer type. In 2020, the breast cancer segment accounted for the largest share of the cancer biomarkers market. The large share of this segment can mainly be attributed to the increasing incidence of cancer worldwide and increasing use of cancer biomarkers in drug discovery development.

The diagnostics segment accounted for the largest share of the cancer biomarkers market, by application segment, in 2020

Based on application, the cancer biomarker market has been segmented into diagnostics, research development, prognostics, risk assessment, and other applications. In 2020, the diagnostics segment accounted for the largest share of the cancer biomarker market, mainly due to the increasing incidence of cancer worldwide and increasing use of cancer biomarkers in drug discovery development.

North America is the largest regional market for Cancer Biomarkers market

The global cancer biomarker market is segmented into five major regions - North America, Europe, the Asia Pacific, Latin America, and the Middle East Africa. North America accounted for the largest regional market for market in 2020. The large share of North America in this market can be attributed to the rising technological advancements In the development of cancer biomarkers, increasing incidence of cancer worldwide, and increasing use of cancer biomarkers in drug discovery development.

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The major players operating in this Cancer Biomarkers Market are BioMérieux Inc. (France),INOVIQ (Australia),Bio-Rad Laboratories Inc. (California),Abbott(US),Becton, Dickinson, and Company (US),Merck KgaA (Germany),QIAGEN (Germany),Thermo Fisher Scientific Inc. (US),CENTOGENE N.V. (Germany),PerkinElmer Inc. (US),Siemens Healthcare Private Limited (Germany), and other major players.

Scope Of The Hardware as a Service (HaaS) Market Research Report

 

Report Metric

Details

Market size available for years

2022-2028

Base year considered

2021

Forecast period

2022-2028

Forecast units

Million (USD)

 

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