Biomarker Research Services Market to Surpass US$ 18.2 Billion Threshold by 2028 with CAGR of 13.5% over the forecast period | Noble Life Sciences, Inc., Reprocell Corporation, Coriell Institute, BioIVT, ICON Plc

Overview:

Biomarkers are used in all areas of medicine to help predict and identify disease. Biomarker research services are provided for different purposes such as development of new biomarkers biomarker validation & discovery of a biomarker, research assay, qualification, optimization, verification, & companion diagnostics. Discovery of biomarker, validation, commercialization, research assay optimization, qualification, and verification are some of the most common types of services. Biotechnology companies, pharmaceutical organizations, and research institutes collaborate with biomarker research service providers to develop, validate, and commercialize biomarkers and companion diagnostics, a test used to determine the drug’s applicability.

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Drivers:

Increasing diagnostic applications of biomarkers and increasing focus on the development of biomarkers is expected to boost the growth of the global biomarkers research services market. Biomarkers are increasingly used for diagnosis due to certain features, such as rapid detection of specific diseases. Biomarkers are used in a wide variety of metabolic disorders, neurological diseases, oncology, and immune deregulation. Moreover, biomarkers help detect Alzheimer’s disease and cancer. They are also used to detect cystic fibrosis, hereditary Hemochromatosis, Huntington disease, and Hemolytic disease of the newborn.

In February 2018, Banyan Biomarkers, Inc. announced that the Food and Drug Administration (FDA) has granted the De Novo request for the commercialization of Banyan BTITM (Brain Trauma Indicator), an in vitro diagnostic blood test to aid in the evaluation of patients with suspected traumatic brain injury (TBI), also known as concussion.

High prevalence of chronic diseases is expected to boost growth of the global biomarker research services market over the forecast period

Moreover, increasing prevalence of neurological diseases, cardiovascular diseases, and cancer across the globe is expected to augment the growth of the global biomarkers research services market during the forecast period. For instance, as reported by the World Health Organization (WHO), worldwide, cancer was the second-leading cause of death in 2018, accounting for 8.8 million deaths.

Restraints:

High cost associated with the development of biomarkers is expected to hinder growth of the global biomarker research services market.

Regionals Insights:

North America is expected to witness robust growth in the global biomarkers research services market due to the high prevalence of chronic diseases and increasing application and approval of companion diagnostics in the region. For instance, as per the American Heart Association, in 2018, cardiovascular diseases (CVDs) accounted for about 836,546 deaths in the United States (that’s one in every three deaths).

Moreover, in April 2019, QIAGEN N.V. announced the U.S. launch of its novel therascreen FGFR RGQ RT-PCR Kit as a companion diagnostic to help guide the use of FGFR kinase inhibitor, BALVERSA, developed by Janssen Biotech, Inc.

Competitive landscape:

Major players active in the global biomarkers research services market are Proteome Sciences Plc., Nordic Bioscience A/S, Charles River Laboratories, SRI International, Inc., ICON Plc, BioIVT, Coriell Institute, Reprocell Corporation, Noble Life Sciences, Inc., and Covance Inc. (Laboratory Corporation of America Holdings, Inc.), among others.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Biomarker Research Services Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Biomarker Research Services Industry Impact

Chapter 2 Global Biomarker Research Services Competition by Types, Applications, and Top Regions and Countries
2.1 Global Biomarker Research Services (Volume and Value) by Type
2.3 Global Biomarker Research Services (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Biomarker Research Services Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Biomarker Research Services Market Analysis
Chapter 6 East Asia Biomarker Research Services Market Analysis
Chapter 7 Europe Biomarker Research Services Market Analysis
Chapter 8 South Asia Biomarker Research Services Market Analysis
Chapter 9 Southeast Asia Biomarker Research Services Market Analysis
Chapter 10 Middle East Biomarker Research Services Market Analysis
Chapter 11 Africa Biomarker Research Services Market Analysis
Chapter 12 Oceania Biomarker Research Services Market Analysis
Chapter 13 South America Biomarker Research Services Market Analysis
Chapter 14 Company Profiles and Key Figures in Biomarker Research Services Business
Chapter 15 Global Biomarker Research Services Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology