Overview
A biomarker is basically a molecular marker which is a piece of DNA or RNA sequence that can be detected by a test and then compared to another sample. If the sample from which the marker is extracted comes from an individual’s diseased heart, for instance, the concentration of the biomarker will reflect the level of inflammation present in the person’s heart. However, some biomarkers cannot detect any disorder if the sequence is not specific to a particular type of cell or tissue. This is what makes a good biological marker, such as a gene or a molecular replicon. There are many different types of biomarkers, including some which are specific to cancer, infection, and diabetes.
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Competitive Landscape
Major companies contributing to the global biomarkers market include F. Hoffmann-La Roche Ltd., Nexus-DX, Medtronic plc, Lifesign LLC, BG Medicine, Inc., Qiagen N.V., and Siemens Healthnineers.
Drivers
Increasing investments in biomarker research and development work in parallel to the rising occurrences of cancer are expected to foster growth of the biomarkers market over the forecast period.
In addition to this, growing application of biomarkers in monitoring brain health amidst increasing prevalence of neurological disorders is expected to aid growth of the biomarkers market throughout the forecast period.
The Epitome of the COVID-19 Debacle
The ongoing prevalence of the COVID-19 virus has become a boon for the global biomarkers market. The molecular markers were found to be helpful in early detection and susceptible rates of COVID-19 infection, which, in turn, accelerated biomarkers research work across the globe. The factor has fueled the adoption of biomarkers in the vaccine discovery and development process.
Key Takeaways
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The biomarkers market is anticipated to grow at a CAGR of XX % during the forecast period owing to the increased demand for biomarkers in the treatment of chronic diseases and vaccine development. For instance, in October 2021, a study published in Urology Journal revealed that survivin in combination with HYAL – 1 (hyaluronidase – I) is an effective urine biomarker for the treatment of bladder cancer.
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Considering the territorial landscape, the North American region leads the global biomarkers market on the heels of increasing biomarker approvals coupled with the growing prevalence of cancer.
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In the same regard, the Asia Pacific region is boding well for the global biomarkers market on account of a large patient pool and increasing R&D efforts by CROs (contract research organizations).
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