Report Sellers has added a new market research report “Global Biomarkers Market – Forecasts From 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, the global biomarkers market was valued at US$22.155 billion in 2017 and is expected to grow at a CAGR of 14.60% to reach a market size of US$43.793 billion by the year 2022. An indicator which measures some biological state or condition is called biomarker or biological marker. It is used for a substance which indicates presence of a living being.
The global market of biomarkers is primarily being driven by factors such as extensive applications of biomarkers, low cost of clinical trials and increased spending of government in research and development in medical field. Moreover, increased prevalence of diseases, boom of pharmaceuticals and biotech companies also impact the market growth significantly. On the contrary, poor regulation and reimbursement systems and requirement of huge funds to enter in the market restrains the market growth.
Geographically, North America is expected to drive the market on account of technological enhancements and continuous research and development activities in the region. Asia Pacific region will also contribute to the global growth owing to increasing prevalence of disease and ongoing expansion of pharmaceutical sector.
Browse through the complete description and in-depth TOC on Global Biomarkers Market
Global Biomarkers Market has been segmented on the basis of type, application and geography as follows:
Drug Discovery and Development
Disease Risk Assessment
Europe Middle East and Africa
Middle East and Africa
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