18 October 2018 - Global Biomarkers Market is expected to grow at a significant CAGR in the forthcoming years. Biomarkers enable a powerful and dynamic approach to determine the spectrum of neurological disease with applications in analytic and observational epidemiology, randomized clinical trials, prognosis, diagnosis and screening. Study about biomarkers reveal the alterations in components of body fluids and tissues, and also offers the platform for homogeneous taxonomy of a disease. Biomarkers, again can exhibit the stages of disease ranging from to early manifestations to later stages.

Driving factors responsible for the growth of biomarkers market include rise in diagnostic applications of biomarkers, increase in R&D funding for biotech and pharma companies, rise in number of CROs and reasonable cost for clinical trials in emerging economies. Also, the rising cases of cancer and initiatives for research and development add to the market growth. However, the high capital investments and low proportion of cost-benefit coupled with minimal government regulations and reimbursement systems and more probably the technical issues pertaining to collection and storage are the major restraining factors responsible for the market.

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Based on segmentation by product, the biomarker market includes services, software and consumables. Based on segmentation by type, the biomarkers market includes safety biomarkers, efficacy biomarkers, predictive biomarkers, surrogate biomarkers, pharmacodynamics biomarkers, prognostic biomarkers and validation biomarkers.

Based on segmentation by application, biomarker market includes diagnostics development, drug discovery and development, personalized medicine, DNA fingerprinting, ecotoxicology, forensics and disease risk assessment. Based on segmentation by indication, the biomarkers market includes cancer, cardiovascular disorders, neurological disorders, immunological disorders, renal disorders, urinal diseases and tuberculosis.

Geographically, biomarker market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the global market owing to rise in R&D spending for biomarker R&D and growth in technological infrastructure are some growth factors for market growth in North America. APAC market is also expected to gain a positive CAGR growth in the forthcoming period owing to rise in use of biomarkers for diagnostic purpose, rise in incidences of chronic disease and rise in outsourcing of pharmaceutical R&D activities. The key players in the biomarkers market include QIAGEN N.V., PerkinElmer Inc, Merck Millipore, Bio-Rad Laboratories Inc and Enzo Biochem Inc.

Market Segment:

This report focuses on the global top players, covered

• QIAGEN N.V. (Netherlands)
• PerkinElmer, Inc. (U.S.)
• Merck Millipore (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• Enzo Biochem, Inc. (U.S.)

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India

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