Predictive Biomarkers Market Evolution: Growth Drivers and Strategies of Leading Players

I. D.'s Blog

Posted: Sun March 31 11:08 PM PDT
Member: Isha Deshpande

The global predictive biomarkers market is expected to register a revenue CAGR during the forecast period. Increase in number of clinical trials is a key factor driving market revenue growth during the forecast period. In addition, developments and advancements in this field are expanding. Approximately, 427,086 clinical studies are currently under trial globally. Predictive biomarkers are also utilized to identify patients who will benefit from adjuvant radio- and or chemotherapy. Predictive biomarkers can help with patient care decisions like choosing between different interventions or figuring out which patients would benefit from a particular treatment. For instance, Kirsten Ras (KRAS) is a frequently mutated oncogene in colorectal cancer and a predictive biomarker for Epidermal Growth Factor (anti-EGFR) monoclonal antibody therapy resistance. According to MD Anderson Cancer, KRAS mutations are among the most prevalent gene mutations associated with cancer, found in about 25% of malignancies.

The report studies the historical data of the Predictive Biomarkers market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Predictive Biomarkers industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Predictive Biomarkers market.

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Competitive Terrain:

The global Predictive Biomarkers industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Siemens Healthcare GmbH, F. Hoffman-La Roche Ltd, General Electric Company, Abbott, QIAGEN, Johnson & Johnson Services, Inc., PerkinElmer Inc., Thermo Fisher Scientific, Almac Group, Merck KGaA

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Predictive Biomarkers market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Predictive Biomarkers market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Predictive Biomarkers market.

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Market Segmentations of the Predictive Biomarkers Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Predictive Biomarkers market on the basis of product, application, and region:

Segments Covered in this report are:

Indication Outlook (Revenue, USD Billion; 2019-2030)
- Cancer
- Neurological Disorder
- Cardiovascular Disorder
- Immunological Disorder
- Others

End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Diagnostic Centers
- Contract Research Organizations (CROs)
- Academic Research Institutes
- Pharma and Biotech companies
- Others

Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
  1. U.S.
  2. Canada
  3. Mexico
- Europe
  1. Germany
  2. France
  3. U.K.
  4. Italy
  5. Spain
  6. Benelux
  7. Rest of Europe
- Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. South Africa
  4. Turkey
  5. Rest of MEA