The Global Biomarker Test Market is expected to reach USD 16,112.8 million by the end of the forecasted period 2016-2022 and is expected to grow at a CAGR of 14.5%.
Key Players for Global Biomarker Test Market:
Hoffmann-La Roche AG, Novartis AG, PFIZER INC., GlaxoSmithKline plc, GE Healthcare, Medtronics, Quest Diagnostics and others.
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Most healthcare professionals use diagnosis tests to clarify and support their clinical decision making. Progressively over recent years, the analytic procedure has turned out to be stronger by the need to preselect patients in light of medications and licenses. This move has come to through various factors, which incorporate propelling technology (empowering professionals to measure more particular markers of adequacy), an increased comprehension of the disease procedure, and a more prominent energy about the uniqueness of an individual’s tumor at the molecular level. These components are reflected in the changing outline of clinical trials. But this move is driven by societal elements as well as, most noticeable among which is the need to limit targeted therapies to those patients destined to benefit. With the appearance of customized/precision prescription, the one-estimate fits-all approach is being consigned to history of life science.
- The global Biomarker test market and is expected to reach USD 16,112.8 million by 2022.
- On the basis of application, cancer holds the largest market share of global Biomarker test market and is expected to reach USD 5,395.6 million by 2022.
- By end users, Pharma & Biotech companies holds the largest market share of global Biomarker test market is expected to reach USD 5,451.8 million by 2022.
Global Biomarker test Market has been segmented on the basis of application which comprises of Cancer, Cardiovascular, Infectious Diseases, Central Nervous System. On the basis of end users which includes Pharma & Biotech Companies, Diagnostic tool companies, Healthcare IT/Big data companies, Clinical laboratories.
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Regional Analysis of Global Biomarker Test Market:
The global market for Biomarker test is growing rapidly. The market for Biomarker test is growing with the CAGR of 14.5% during the forecast period from 2016-2022. North America accounts for largest market share in 2015 and is expected to reach USD 6,640.4 million by 2022.
Asia-Pacific region is the fastest growing market for Biomarker test, which is expected to grow at a CAGR of 15.2% during the forecast period from 2016 to 2022.
Table of Contents:
1 Report Prologue
1.2 FDA Regulations
2 Scope of the Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.4 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
4 Market Factor Analysis
4.1 Porters Five Forces
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyer
4.1.3 Threat of Substitutes
4.1.4 Threat of New Entrants
4.1.5 Intensity of Rivalry
4.2 Value Chain
4.2.1 Device Manufacturer & Drug Producers
4.2.2 Healthcare Providers
4.2.3 Healthcare ITs or Big Data Companies
4.2.5 Third Party Payers
… Toc Continued!
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