North America Cancer Biomarkers Market Overview:
The North America Cancer biomarkers Market was estimated at $ 4306.7 million in 2018 and is expected
to reach $ 8560.0 million
by 2025, growing at a compound annual rate of 10.68% over
the 2018-2025 forecast period.
Drivers, Challenges and
Opportunities:
Research
on the incidence of cancer is considered as one of the main drivers of growth
in the cancer biomarker market in North America. In addition, the increase in
the use of cancer biomarkers in the development of drugs and the concept of
personalized drug use should lead to the growth of the market in the near
future. On the other hand, it is expected that the low wage cost ratio and high
capital investment will limit the future growth of the market.
The North
American cancer biomarker market is mainly driven by an increase in the
incidence of cancer, the greater importance of specific and biological
pharmaceutical therapies, and the precision and reliability of cancer
biomarkers for technological development and cancer detection. In addition, the
increase in investment in public and private sectors for the research of
biomarkers and the technological advances in diagnosis of cancer has a positive
impact on the market. But the threat of failure, the high cost of unregulated
government regulations and reimbursement policies are hampering the market boom.
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However,
the impact of these limitations is expected to decrease due to a strong
increase in the diagnosis of cancer, as well as an increase in interest in
advanced treatment protocols. Even so, it is expected that increased
opportunities in developing countries and complementary diagnoses will support
the growth of the regional cancer biomarker market in the coming years.
Geographic Segmentation:
It is
expected that North America will represent a significant part of the world
market and will remain at the forefront during the next few years. The high
growth in the region may be due to the increase in the prevalence of cancer and
the increase in health spending. In addition, the increase in diagnostic tests
and the increase in the demand for health services and technological advances
are some of the main drivers that expect to promote the North American market
growth over the next few years.
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Key market players:
Some of
the leading players in the market are Laboratoris Abbott; F. Hoffmann-La Roche
Ltd.; QIAGEN; Thermo Fisher Scientific Inc.; Affymetrix Inc.; Illumina, Inc.;
Agilent Technologies; Merck & amp; Inc.; Hologic, Inc.; Sino Biological
Inc.; Becton, Dickinson and Company son actors clau al mercat.
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