Market Overview:
Genomics the development of biomarkers to predict individual disease risk, enable early detection of disease, and improve diagnostic classification to better inform individualized treatment. Biomarkers are biological measurements that can be used to predict risk of disease to enable early detection of disease to improve treatment selection and to monitor the outcome of therapeutic interventions. They are variants in the DNA code that, alone or in combination, enable early detection of disease by predicting its risk and improves patient treatment by monitoring the outcomes. Major factors contributing to the growth of the global genomic biomarker market include increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, neurological disorders and others. Other driving factors include increasing research and investment in the field of genomic biomarkers and use of genomic biomarker services for the enhancement of drug development pipelines.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo Fisher Scientific (United States), Bruker Corporation (United States), Eppendorf (United Kingdom), Shimadzu (United States), Agilent (United States), Waters (United States) and PerkinElmer (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Genomic Biomarker Market Study:
Thermo Fisher Scientific (United States), Bruker Corporation (United States), Eppendorf (United Kingdom), Shimadzu (United States), Agilent (United States), Waters (United States) and PerkinElmer (United States)
Genomic Biomarker Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Oncology, Cardiovascular Diseases, Neurological Diseases, Renal Disorders and Others |
Type | Predictive Biomarkers, Prognostic Biomarkers and Others |
End-User | Hospitals,Diagnostic and research laboratories |
Genomic Biomarker Market Changing Dynamics
Attributes | Details |
---|
Growth Drivers | - Increasing Investment Research in Genomic Biomarker
- Rising demand for Minimally Invasive Producers for Diagnosis
|
Influencing Trends | - Development and Innovation for Efficient Genomic Biomarker
- Increasing Innovation in Prognostic Biomarkers and progression in an Identified Population
|
Restraints | - Slow Acquisition Rate and Requires more Stringent Sample Preparation
|
Road Blocks / Challenges | - Lack of Availability of Technology Development in Cancer Biomarkers
|
Gaps & Opportunities | - Growing Demand of Predictive Biomarkers Among the Researchers to respond to exposure to a Particular Medical Product or Environmental Agent
- Increasing Government Initiatives and Funding for the Development of Genomic Biomarker Technology
|
.
Latest Industry Highlights:
On 19th April 2021, Amgen launched Biomarker Assist a program to help more patients with metastatic (stage IV) non-small cell lung cancer (NSCLC) gain access to biomarker testing. Biomarker testing at the time of diagnosis is a critical first step in getting patients on the right treatment. Through Biomarker Assist, eligible patients may save on biomarker testing.
On 5th Jan 2022, Thermo Fisher Scientific Inc. the world leader in serving science, and PeproTech, Inc., a leading developer and manufacturer of recombinant proteins, today announced that Thermo Fisher completed its acquisition of PeproTech. Based in Cranbury, New Jersey, PeproTech is a privately held provider of bioscience reagents known as recombinant proteins, including cytokines and growth factors. Recombinant proteins are used in the development and manufacturing of cell and gene therapies as well as in broader cell culture applications, especially for use in cellular research models. PeproTech's recombinant proteins portfolio complements Thermo Fisher's cell culture media products and will enable Thermo Fisher to provide customers significant benefits through an integrated offering.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Genomic Biomarker market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Genomic Biomarker market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Regulatory Bodies, Hospitals/Diagnostic Centres, New Entrants, Potential Investors, Research and Development Institutes, End-users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.