Report ID: UCMIG35H2120
Report ID:
UCMIG35H2120 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2016, the global cancer biomarkers market was valued at USD 10.3 billion. It is projected to reach USD 33.7 billion by 2025, with a compound annual growth rate (CAGR) of 14.3%. The market's positive growth is primarily driven by the increasing prevalence of cancer and the focus on developing targeted therapies. Cancer ranks as the second leading cause of death in the United States, following cardiovascular disorders. The incidence of breast, prostate, and lung cancers has steeply risen, affecting over 1,600 individuals in the U.S. annually. Specifically, in 2017, the U.S. reported approximately 200,000 cases of breast cancer.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35H2120