Surging Lung Cancer Incidence Rates Spurring Biomarkers Demand for Colorectal Cancer Biomarkers – New Study by Fact.MR

Key Segments Covered

• Test Type

  • PSA Cancer Biomarker Tests
  • CTC Cancer Biomarker Tests
  • AFP Cancer Biomarker Tests
  • CA Cancer Biomarker Tests
  • HER2 Cancer Biomarker Tests
  • BRCA Cancer Biomarker Tests
  • ALK Cancer Biomarker Tests
  • CEA Cancer Biomarker Tests
  • EFGR Mutation Cancer Biomarker Tests
  • KRAS Mutation Cancer Biomarker Tests
  • Other Cancer Biomarker Tests

• Illness Indication

  • Blood Cancer Biomarkers
  • Prostate Cancer Biomarkers
  • Ovarian Cancer Biomarkers
  • Stomach Cancer Biomarkers
  • Liver Cancer Biomarkers
  • Other Cancer Biomarkers

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Cancer Biomarkers Market- Scope of Report

A recent study by Fact.MR on the cancer biomarkers market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering cancer biomarkers.

The study also provides the dynamics responsible for influencing the future status of the cancer biomarkers market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the cancer biomarkers market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of Cancer biomarkers across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of cancer biomarkers during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for cancer biomarkers are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global cancer biomarkers market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the cancer biomarkers during the forecast period.

Country-specific valuation on demand for cancer biomarkers has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of cancer biomarkers, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering cancer biomarkers has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the cancer biomarkers domain.

Key Takeaways of Global Cancer Biomarkers Market Study

• Based on test type, the Circulating Tumor Test (CTC) segment is expected to hold the maximum market share (34.7%) during the forecast period. This is followed by the Prostate Specific Antigen (PSA) test, pegged at 22.7%.
• Lung Cancer is the most common type of disease, owing to higher incidence of cigarette smoking. The segment accounts for one-fourth of the total market share. However, breast cancer is becoming equally prevalent. This is attributed to increased life expectancy, rapid urbanization and sedentary lifestyles.
• North America is set to remain the most lucrative market for cancer biomarkers, due to increased access to healthcare. It is expected to account for more then 2/5th market share, registering an absolute $ opportunity of US$ 5.2 Bn between 2020 and 2025.
• However, Asia-Pacific is buckling up, owing to increased incidences of cancers in emerging economies. Projected CAGR for Asia-Pacific is estimated at 13.8% during the forecast period.

“The global cancer biomarkers market possesses immense potential for future growth, driven primarily by increased prevalence of cancer and the subsequent investment in its research and development. Favorable government policies, in terms of extending grants, has facilitated path-breaking innovations in the treatment and prognosis of cancers,” concludes a Fact.MR analyst.