What is Serum Cancer Biomarkers Market?
Serum cancer biomarkers refer to a substance or process that is indicative of the presence of cancer in the body. They are biological molecules that suggest the presence of cancer in a patient. They are either produced by the cancer cells or by noncancer cells in response to cancer. Cancer biomarkers identified from serum are the most desirable form of the biomarkers that can be used for personalized daily care in screening, diagnosis, establishing prognosis, monitoring treatment, and detecting relapse.
The market study is being classified by Type (Hepatocellular Carcinoma Serum Biomarkers, Lung Cancer Serum Biomarkers, Pancreatic and Biliary Tract Cancer Serum Biomarkers, Breast Cancer Serum Biomarkers, Glioblastoma Serum Biomarkers and Others), by Application (Hospitals, Academic and Research Institutes, Ambulatory Surgical Centers and Others) and major geographies with country level break-up.
Thermo Fisher Scientific (United States), Bio-Rad Laboratories, Inc. (United States), Roche Diagnostics (Switzerland), Qiagen N.V. (Germany), Illumina (United States), GE Healthcare (United States), Agilent Technologies (United States), Biomérieux SA (France), Merck & Co. (United States) and Abbott Laboratories (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Becton, Dickinson and Company (United States), Danaher Corporation (United States), Myriad Genetics (United States), Sysmex Corporation (Japan), Hologic (United States) and Quest Diagnostics (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Serum Cancer Biomarkers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Serum Cancer Biomarkers market by Type, Application and Region.
On the basis of geography, the market of Serum Cancer Biomarkers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Cancer Disease
- Rising Use of Cancer Biomarkers in Drug Discovery and Development
- Development of New Diagnostic Centre and Hospitals
Market Trend
- Technological Advancements in the Field of Medical Science
Restraints
- Unfavorable Regulatory and Reimbursement Scenario
Opportunities
- Development of Healthcare Infrastructure in Emerging Economies
- Growing Focus on Preventive Healthcare
Challenges
- Proving Clinical Validity and Utility of Biomarker-Based Tests
Key Target Audience
Research Professionals, Emerging Companies, Government Body & Associations and End-user