Omics Technology Represents The Largest Segment Of The Biomarker Discovery Technologies Market

612 words - 3 pages

A biomarker also known as biological marker is a gene, molecule or characteristic by which biological state of the body is measured in order to assess and predict a particular disease or some other physiological state of an individual. It helps clinicians in disease identification and effectively plan treatment process. Biomarkers are extensively applied for diagnosis and clinical decision making in various medical specialties including cancer, diabetes, cardiovascular and neurological diseases. Owing to its ability to diagnose diseases at an early stage, biomarkers are extensively used in the cancer diagnosis and treatment. The global market for biomarker discovery technologies has been ...view middle of the document...

This number is expected to reach nearly 592 million by the end of 2035. China and India represent the first and second positions among top countries with high prevalence of diabetes, 98.4 million and 65.1 million respectively. The aforementioned stats indicate a favorable market for biomarker technologies during coming years. The market may face significant challenge due to high initial investment for biomarker discovery.

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Globally, the market for biomarker technologies has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The market for biomarker technologies is mainly dominated by North America, followed by Europe, Asia-Pacific and Rest of the World (RoW). Well established healthcare infrastructure and favorable reimbursement scenario are among the major factors responsible for North America’s leading position. Asia-Pacific is likely to emerge as the high potential market during upcoming years. Presence of a...

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