Global Biomarkers Market: A Surge in Growth Driven by Health Trends

LANDON, GREATER LANDON, UK, December 21, 2023 /EINPresswire.com/ -- The global biomarkers market is poised for significant expansion, with the market size projected to increase from $54.4 billion in 2022 to $61.72 billion in 2023, demonstrating a compound annual growth rate (CAGR) of 13.4%. The market is expected to maintain this momentum, reaching $104.85 billion by 2027, with a robust CAGR of 14.2%.

Driving Forces:
The surge in heart diseases is a primary driver for the anticipated growth of the biomarkers market. The use of biomarkers, particularly natriuretic peptides and high sensitivity C-reactive protein, has witnessed a substantial increase in diagnosing patients with heart failure. Heart disease, a leading cause of death globally, has experienced a notable uptick. For instance, in the United States, heart disease deaths increased by 4.8% in 2020, with nearly 6,908,820 people succumbing to heart-related issues. This alarming increase underscores the critical need for biomarkers in the diagnosis and management of heart diseases, contributing to the overall market growth.

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Key Players:
Major players in the biomarkers market, including Enzo Biochem Inc., Bio-Rad Laboratories Inc., Merck KGaA, and Thermo Fisher Scientific Inc., are pivotal in driving advancements and meeting the growing demand for innovative solutions. These companies play a crucial role in shaping the biomarkers landscape.

Trends in Agreements:
A prominent trend in the biomarkers market is the rise in new agreements between companies. Key industry players are strategically entering agreements to develop and launch new solutions, thereby fortifying their market positions. Notably, Thermo Fisher Scientific's companion diagnostic agreement with Chugai Pharmaceutical and collaborations with AstraZeneca and the University of Nebraska Medical Center exemplify the industry's commitment to advancing biomarker research and clinical implementation.

Regional Dynamics:
In 2022, North America emerged as the largest region in the biomarkers market, reflecting the region's focus on healthcare innovation. Asia-Pacific is anticipated to witness the fastest growth in the forecast period, driven by increasing healthcare awareness and research initiatives. The comprehensive market analysis spans regions such as Western Europe, Eastern Europe, South America, the Middle East, and Africa.

Market Segmentation:
The global biomarkers market is segmented based on various criteria:

• Technology: Safety Biomarkers, Efficacy Biomarkers, Validation Biomarkers
• Disease: Neurological Diseases, Cancer, Immunological Diseases, Cardiovascular Diseases, Other Diseases
• Type: Biomarker Of Exposure, Biomarker Of Diseases
• Audiences: Pharmaceutical Companies, Government And Private Research Institutes, Academic Institutes, Medical Device Manufacturing Companies
• Application: Risk Assessment, Development of Molecular Diagnostic, Disease Diagnosis, Drug Discovery And Development, Drug Formulation, Forensic Application, Other Applications (DNA Fingerprinting And Others)

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Biomarkers Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Biomarkers Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on biomarkers market size, biomarkers market drivers and trends, biomarkers market major players, competitors' revenues, market positioning, and biomarkers market growth across geographies. The biomarkers market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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