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2020

Cancer Biomarkers Market

Cancer Biomarkers Market Size, Share, Competitive Landscape and Trend Analysis Report by Profiling Technology, Biomolecule, Cancer Type and Application : Global Opportunity Analysis and Industry Forecast, 2020-2027

LS : Diagnostics and Biotech

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Author's: Sahil Sinha| Ravi Telugunta | Roshan Deshmukh
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The cancer biomarkers market was valued at $10,944.08 million in 2019, and is projected to reach $26,979.50 million by 2027, registering a CAGR of 11.8% from 2020 to 2027.Cancer biomarkers are traceable substances or molecules that indicate the existence of cancerous cells in the body.The prevention of cancer by diagnosing and analyzing various cancer biomarkers using different diagnostic techniques is a profound approach to obtain rapid results for treatment. There are various types of biomarkers such as proteins, peptides, antibodies, and nucleic acids. Presence of these biomarkersin tissues, urine, serum, blood, and other body fluids indicate an abnormal process or a disease. Various such biomarkers for cancer indications have been studied and are used as biomarkers for diagnostics, prognostics, personalized medicines, and surrogate endpoints.The identification of different types of biomarkers is an integral part of various industries such as healthcare and pharmaceuticals. 

Cancer-Biomarker-Market-2020-2027

The global cancer biomarkers market is expected to witness a significant growth during the forecast period due to increase in prevalence of various types of cancers such as breast, prostate, and lung cancer. In addition, surge in importance of biological & targeted drug therapies, technological advancements, accuracy, and reliability of cancer biomarkers also contribute toward the growth of the market. Moreover, increase in investments from governments and public & private sector toward R&D for cancer diagnostics have a positive impact on the market. However, high cost of drug development, threat of failure associated with cancer treatment, and unregulated government regulations and reimbursement policies hamper the cancer biomarkers market growth. In contrast, advancements of cancer research and significant unmet need for cancer diagnosis are anticipated to provide new opportunities for the cancer biomarkers market.

Global Cancer Biomarkers Market Segmentation

The market is segmented on the basis ofprofiling technology, biomolecule, cancer type, application, and region. By profiling technology, it is classified intoomic technologies, imaging technologies, immunoassays, and cytogenetics-based tests. On the basis of biomolecule, it is segmented into genetic biomarkers, protein biomarkers, and glyco-biomarkers. By cancer type, it is categorized into breast cancer, lung cancer, prostate cancer, colorectal cancer, stomach cancer, and others.By application, it is segmented across diagnostics, drug discovery and development, prognostics, risk assessment, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Profiling Technology Segment Review

By profiling technology, omic technologies and imaging technologies segments collectively accounted for 79.5% of the total market share in 2019, and is expected to exhibit a prominent growth rate in the future, owing to itsefficiency in early diagnosis of cancer. In addition,demand for safe and cost-effective drugs for treatment of cancer, developments in profilingtechnology, growth in healthcare expenditure, reduced cost in genome sequencing, and demand for effective diagnostics & therapeutic procedures for cancer are expected to further fuel the market growth.

Biomolecule Segment Review

By biomolecule, the genetic biomarkers segment dominated the cancer biomarkers market in 2019, and is anticipated to maintain its dominance during the forecast period. This is attributed to itsaccuracy to predict the stage of cancer, detect recurrence of cancers, and monitor effectiveness of treatments. In addition, biomarkers can be assayed in non-invasively collected biofluids like blood or serum anditfacilitates faster cancer diagnosis and early detection and screening of cancer. Moreover, cancer biomarkers, being subjected to dynamic modulation, can be used to enhance the understanding of efficacy, drug metabolism, drug action, and safety.

Cancer Biomarkers Market
By Profiling Technology
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Omic Technologies segment holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Cancer Type Segment Review

By cancer type, lung cancerdominated the cancer biomarkers market in 2019, and is anticipated to maintain its dominance during the forecast period. This is attributed to high incidences of lung cancer. However, the breast cancer segment is anticipated to grow at the fastest CAGR of 16.70% during the forecast period. This can be attributed to the increase in prevalence of breast cancer due to the adoption of unhealthy lifestyle, genetic profile of patients, growth in female geriatric population, and exposure to harmful radiations. 

Application Segment review

By application, the prognostics segment dominated the cancer biomarkers market in 2019, and is anticipated to maintain its dominance during the forecast period. This is attributed to its application in estimating the stage and severity of a cancer. However, the diagnostics segment is anticipated to grow at the fastest CAGR of 12.00%during the forecast period. Surge in incidences of cancer globally facilitates the demand for biomarkers, which leads to the growth of the cancer biomarkers market. 

Cancer Biomarkers Market
By Application
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Diagnostics segment is projected as one of the most lucrative segment.

North America accounted for majority of the market share in 2019, and is anticipated to continue this trend during the forecast period. This is attributed to the increased adoption of cancer biomarkers in the region. Moreover,high incidence rate of cancer in the regionpropels the market growth.In addition, variouscancer biomarker diagnostics are covered under health insurance in the region. However, Asia-Pacific is anticipated to grow at the fastest rate during the forecast period, owing to increase in incidence rate of cancer in China and Japan. Moreover, rise inawareness and affordability for advanced cancer treatmentsfurther drives the Asia-Pacific cancer biomarkers market.

Cancer Biomarkers Market
By Region
2027
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 15.1% during 2019-2026.

Comprehensive competitive analysis and profiles of major market players such as, Abbott Laboratories, Bio-Rad Laboratories, Inc., Bristol-Myers Squibb Company, Exact Sciences Corporation,F.Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer, Inc.,  Qiagen N.V., Siemens AG, and Thermo Fisher Scientific, Inc. are provided in this report. 

Key Benefits For Stakeholders

  • The cancer biomarkersmarket share and analysis is based on a comprehensive analysis of key developments in the cancer biomarkersindustry.
  • The development strategies adopted by the key cancer biomarkers market players are enlisted to understand the competitive scenario of the global market.
  • The study provides an in-depth analysis of the cancer biomarkersmarket trends to elucidate the imminent investment pockets.
  • The global market trends are studied from 2019 to 2027.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the cancer biomarkersmarket size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.

Key Market Segments

By Profiling Technology

  • Omic Technologies
  • Imaging Technologies
  • Immunoassays
  • Cytogenetics-based Tests

By Biomolecule

  • Genetic Biomarkers
  • Protein Biomarkers
  • Glyco-biomarkers

By Cancer Type

  • Breast Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Prostate Cancer
  • Stomach Cancer
  • Others

By Application

  • Diagnostics
  • Drug Discovery and Development
  • Prognostics
  • Risk Assessment
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • United Arab Emirates
    • Rest of LAMEA

Cancer Biomarkers Market Report Highlights

Aspects Details
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By PROFILING TECHNOLOGY79
  • OMIC TECHNOLOGIES82
    • Genomics86
      • Market Size and forecast87
      • Next Generation Sequencing (NGS)88
      • Microarray89
      • Polymerase chain reaction (PCR)89
    • Proteomics90
      • Market size and forecast90
      • Mass spectrometry92
      • 2D gel electrophoresis92
      • Protein microarray technology93
      • Antibody array technology94
      • Peptide array technology94
    • Other omic technologies95
      • Market size and forecast95
      • Metabolomics96
      • Glycomics97
  • IMAGING TECHNOLOGIES97
    • Magnetic resonance imaging (MRI)101
    • Positron emission tomography (PET)103
    • Computed tomography (CT)104
    • Mammography105
    • Ultrasound107
  • IMMUNOASSAYS108
    • Immunohistochemistry (IHC) tests113
    • Enzyme-linked immunosorbent assay (ELISA)114
    • Flow cytometry115
  • CYTOGENETICS-BASED TESTS117
    • In-situ hybridization121
    • Others122
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By BIOMOLECULE124
  • Genetic Biomarkers126
  • Protein Biomarkers130
  • Glyco-Biomarkers133
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By CANCER TYPE
  • Breast Cancer138
  • Lung Cancer141
  • Colorectal cancer143
  • .Prostate cancer146
  • Stomach cancer149
  • Others152
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By APPLICATION
  • Diagnostics157
  • Drug Discovery and Development160
  • Prognostics163
  • Risk Assessment166
  • Others168
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

BIO-RAD LABORATORIES, INC, QIAGEN N.V., Siemens AG, F. HOFFMANN-LA ROCHE LTD, PERKINELMER, INC., Bristol-Myers Squibb Company, Merck KGaA, Abbott Laboratories, EXACT SCIENCES CORPORATION, THERMO FISHER SCIENTIFIC, INC

Analyst Review

Global cancer biomarkers market has witnessed huge technological innovations during the last decade, owing to high level of growth due to the rise in interest of physicians towards early detection of cancer. Detection of cancer using biomarkers is on a continuous rise at a high rate and is expected to dominate the cancer diagnostics market during the forecast period. Use of cancer detection techniques using biomarkers coupled with growth in number of cancer population supplements the growth of the cancer biomarkers market. 

Currently, cancer detection using biomarkers is dominant in developed regions owing to the high healthcare expenditure and favorable reimbursement policies. However, the demand for novel cancer biomarkers is expected to shift from developed regions to developing regions due to rise in healthcare expenditure and growth in awareness about cancer. Furthermore, regulatory support from the respective government authorities and active initiatives from leading companies to create awareness for cancer diagnosis are further expected to boost the market growth during the forecast period.

Author Name(s) : Sahil Sinha| Ravi Telugunta | Roshan Deshmukh
Frequently Asked Questions?

The total market value of cancer biomarkers market is $10,944.08 million in 2019.

The market value of cancer biomarkers market in 2019 is $12,383.23 million.

The base year is 2019 in cancer biomarkers market

Top companies such as, F. Hoffman-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Qiagen NV, and Bristol-Myers Squibb Company held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

Profiling technology segment is the most influencing segment owing to factors such as increase in popularity due to the growing role of precision and personalized medicine for cancer treatment and growth in healthcare expenditure. In addition, increase in prevalance of cancer also has increased the demand for advancement of the profiling technology. Hence, this is most influencing segment growing in cancer biomarkers market.

The major factor that fuels the growth of the global cancer biomarkers market includes rise in prevalence of cancer. This leads to surge in demand for cancer biomarkers which contribute to the growth of the market.

Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as India with a CAGR of 15.1%. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & diagnostic centers equipped with advanced medical facilities.

Cancer biomarkers refers to a substance or specific response of the body that can either be molecules that are secreted by tumor cells or processes that indicate the presence of cancer in the human body.

The cancer biomarkers are used in several applications including diagnostics, drug discovery and development, prognostics, risk assessment, and others. Several profiling technology and biomolecules are utilized to collect patient information to obtain accurate results that are used to treat and diagnose cancer.

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Cancer Biomarkers Market

Global Opportunity Analysis and Industry Forecast, 2020-2027