Middle East and Africa Cancer Biomarkers
Market Overview:
The Middle East and Africa (MEA) Cancer
Biomarkers Market was worth USD 369.1 million in 2018 and
estimated to be growing at a CAGR of 9.97 %, to reach USD 699.6 million by
2025.
A cancer biomarker refers to a substance or
process that is indicative of the presence of tumor in the body.
Biomarkers may be produced by the cancer tissue itself or by
other cells in the body in response to cancer. They can be found in the blood,
stool, urine, tumor tissue, or other tissues or bodily fluids.
Comparison of cancer biomarkers at two different sites is very helpful for
identifying metastatic tumors. Various types of biomarkers have been
characterized earlier and are in use in different cancer diagnostic testing
procedures.
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Biomarkers Market Research
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Drivers and Restraints:
Biomarker research is increasing high
importance these days due to its benefits such as accurate detection, easier
diagnosis, and low chances of misdiagnosis during early cancer diagnosis. Some
of the key driving factors for the market in the Middle East and
Africa are restructured drug delivery procedure, non-invasive technology,
augmented rates of survival. Boost in government and private funding for
oncology also fuels the market development. Market is constrained by high cost
of diagnosis, issues linked to reimbursement and some of the regulatory
policies prevalent within this region.
Geographical Analysis:
The MEA market is expected
to have a healthy growth rate in the future. Key factors such as the high
prevalence of different types of cancer, the increase in health care spending
that leads to a greater demand for better diagnostic tests and health care
services, as well as the generalized technological advances in the field of
cancer are expected to drive the market in this region in the coming years. Furthermore,
the market is also expected to grow significantly by 2025 due to the
availability of large number of patients and the growing awareness of deadly
health problems such as cancer. The high percentage of the geriatric population
and an increase in disposable income should also boost the market in this
region.
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Some of the major players in this market are Abbott
Laboratories, Agendia Bv, Biocurex Inc, Biomerieux S.A., Biomoda Inc, Astellas
Pharma Us Inc, Correlogic Systems Inc, Beckman Coulter Inc, Becton, Dickinson
And Company, Clarient Inc, Diadexus Inc, Ambrilia Biopharma, Affymetrix Inc and
Aureon Laboratories Inc.
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