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Global Biomarker Research Services Market

March 22, 2019

Global Biomarker Research Services Market, By Service Type (CDx Research Services and Biomarker Research Services ), By Disease Indication (Cardiovascular Disorder, Oncology, Infectious Disease, Immunological Disorder, Neurological Disorder, and Others), By End User (Specialty Clinics, Hospitals, and Diagnostic Centers), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)- Global Forecast, 2020-2025

Report Code :FMR484      
Industry : Biotechnology
Pages :215 Pages
Format :   PPT Format   PDF Format

The global biomarker research services market was valued at US $xx million in 2019. This market is estimated to be valued at US $xx million in the year 2020, and is expected to reach US $xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Biomarkers are utilized in understanding and identifying the development of infectious and chronic human diseases to prevent risk, at an early stage. Biomarkers research is mostly used in all medications and therapeutic drugs to diagnose a specific or particular disease in patients to provide the most effective and safe drug or treatment.

Table 1. Global Biomarker Research Services Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Service Type)

CDx Research Services and Biomarker Research Services

Market Segmentation (By Disease Indication)

Cardiovascular Disorder, Oncology, Infectious Disease, Immunological Disorder, Neurological Disorder, and Others

Market Segmentation (By End User)

Specialty Clinics, Hospitals, and Diagnostic Centers

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa

Key Players Coverage

Covance Inc., Noble Life Sciences, Inc., Proteome Sciences Plc., REPROCELL,  Nordic Bioscience A/S, Coriell Institute, Charles River Laboratories, Inc., BioIVT, SRI International, Inc., and ICON Plc., among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Increase in biomarker research activities to identify dysfunctions and disorders associated with specific food diets in children has witnessed to surge the demand for biomarker research services market. For instance, in July 2019, Wageningen University completed its biomarker research on attention deficit hyperactivity disorder (ADHD), to investigate mechanisms such as several side effects on brain function and behavior underlying on few-food diets on children.

Furthermore, several manufacturers are contributing towards growth of the market by discovering and investigating new drugs and therapeutics to provide an effective treatment of various diseases to the patients. Such kind of research and development activities by the key players is expected to boost the demand for biomarker research services market. For instance, in May 2020, a leader in molecule therapeutics, Entera Bio Ltd., declared interim biomarker data from Phase 2 clinical trial of EB613 to investigate effective treatment of patients suffering from osteoporosis.

However, increasing failures in biomarker research is the key factor, which is expected to hamper the growth of biomarker research services market to some extent. For instance, in April 2016, Jules Bordet Institute withdrew its biomarker research, PF-03084014 for residual disease chemo resistant due to disease progression of notch inhibitor.

Figure 1. Biomarker research Services Market Scenario Forecast (Likely, Conservative, and Optimistic Scenario), 2019and 2025 (US$ Mn)

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Rising approvals of clinical trial studies on several therapeutics and drugs to serve patients with an effective treatment for the disease is anticipated to foster the biomarker research services market in the North America region. For instance, in May 2020, A Georgetown University Medical Center announced to provide clearance for clinical trial of the cancer drug Nilotinib (a biomarker) in patients suffering from Alzheimer's disease. This clinical study state Nilotinib drug as an effective and safe treatment for beta-amyloid (Abeta) plaques and Tau tangles in neurons in the brain.

Asia-Pacific is predicted to witness lucrative growth in the biomarker research services market owing to increase in research and development activities by researchers for diagnosis of disease in patients. For instance, in April 2020, researchers from the Institute of Automation of the Chinese Academy of Sciences identified a neuroimaging biomarker to facilitate early detection of Alzheimer's disease (AD).

Figure 2. Regional Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in the biomarker research services market include Covance Inc., Noble Life Sciences, Inc., Proteome Sciences Plc., REPROCELL, Nordic Bioscience A/S, Coriell Institute, Charles River Laboratories, Inc., BioIVT, SRI International, Inc., and ICON Plc., among others.

Market leaders of biomarker research services are engaged in research and development activities for discovering new drugs for cancer, chronic, and other diseases which is further expected to drive the growth of market. For instance, in May 2019, a provider of research models and services for diagnostic and drug development, BioIVT joined the Foundation for the National Institutes of Health (FNIH) Biomarkers Consortium to support and develop consortium’s research initiatives for biomarkers used for diagnosing various types of disease.

Furthermore, in November 2019, a leader in advanced genomics for cancer, Personalis, Inc. entered into a collaboration agreement with Merck KGaA to investigate novel biomarkers of drugs and therapeutics for resistance of cancer therapies.

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Service Type

  • CDx Research Services
  • Biomarker Research Services

By Disease Indication

  • Cardiovascular Disorder
  • Oncology
  • Infectious Disease
  • Immunological Disorder
  • Neurological Disorder
  • Others

By End User

  • Specialty Clinics
  • Hospitals
  • Diagnostic Centers

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the global biomarker research services market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global biomarker research services market?
  • What key factors are expected to increase the demand for global biomarker research services market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global biomarker research services market?
  • What is the total market value (US$ Mn) generated in global biomarker research services market by service type in 2019 and what are the forecasts by 2025?
  • Which disease indication contribute highest CAGR (%) in the biomarker research services market?
  • Which end user is expected to dominate the biomarker research services market in the coming years?
  • What was the total revenue generated by the global biomarker research services market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing the growth of the global biomarker research services market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the global biomarker research services market?
  • Which new products going to be approved or launched in the coming years, which may have huge impact in the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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