DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Biomarkers Market by Product - Global Forecast to 2021" report to their offering.
The global biomarkers market is estimated to reach USD 53.34 Billion by 2021 from USD 27.95 Billion in 2016, growing at a CAGR of 13.8% during the forecast period (2016-2021).
Growth in the market is mainly driven by factors such as increasing diagnostic applications of biomarkers, increasing R&D funding for pharma and biotech companies, increasing number of CROs and low cost of clinical trials in developing countries, the high prevalence of cancer, and new initiatives for biomarker research. On the other hand, high capital investments and low cost-benefit ratio, poorly suited regulatory and reimbursement systems, and technical issues related to sample collection and storage are the major factors restraining the growth of this market.
North America is estimated to account for the largest share of the market in 2016. The increase in R&D spending for biomarker research and development and technological advancements are driving the growth of the market in North America. Asia is expected to witness the highest CAGR during the forecast period. Factors such as increasing use of biomarkers for diagnostic purposes, increasing incidence of chronic diseases, and increasing outsourcing of pharmaceutical R&D activities to outsourcing partners in Asia are driving the growth of the market in Asia.
- Bio-Rad Laboratories, Inc.
- Biosims Technologies Sas
- Cisbio Bioassays
- EKF Diagnostics Holdings, Inc.
- Enzo Biochem, Inc.
- Merck Millipore
- Meso Scale Diagnostics, LLC.
- Perkinelmer, Inc.
- Qiagen N.V.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Biomarkers Market, By Product
7 Biomarkers Market, By Type
8 Biomarkers Market, By Application
9 Biomarkers Market, By Disease Indication
10 Biomarkers Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5mv9nk/biomarkers_market