2024 Genomic Biomarkers Market Analysis: Market Size, Key Drivers, and Segment Insights
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What Will Be the Growth Trajectory of the Genomic Biomarkers Market from 2024 to 2033?
The genomic biomarkers market will increase from $6.34 billion in 2023 to $7.42 billion in 2024 at a CAGR of 17.1%, driven by genetic testing activities, chronic disease cases, precision medicine initiatives, companion diagnostics adoption, and neurological disease patient growth.
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What Are the Primary Growth Drivers for the genomic biomarkers Market?
The growing demand for personalized medicine is expected to drive the growth of the genomic biomarkers market. Personalized medicine tailors treatments based on genetic and genomic data, and its rise is due to advances in genetic analysis and patient-centered care. Genomic biomarkers help tailor treatments to individual genetic profiles, optimizing treatment efficacy. In 2022, the Personalized Medicine Coalition reported that 12 new personalized drugs were approved, accounting for 34% of all new treatments, propelling the genomic biomarkers market.
What Are the Defining Segments of the Genomic Biomarkers Market?
1) By Type: Predictive Biomarkers, Prognostic Biomarkers
2) By Disease Indication: Oncology, Cardiovascular Diseases, Neurological Diseases, Renal Disorders, Other Disease Indications
3) By Validation: Analytical Validation, Clinical Validation, Clinical Utility
4) By End-User: Hospitals, Diagnostic Centers, Other End User
What Trends Are Revolutionizing Standards in the 224 Market?
In the genomic biomarkers market, companies are focusing on products like lung reagents to enhance the detection of genetic mutations in lung cancer. For instance, in December 2023, Biofidelity introduced ASPYRE-Lung reagents, which identify genetic mutations in lung cancer to guide personalized treatment approaches. These reagents are designed to support precision medicine by helping clinicians select targeted therapies based on the specific genetic profile of the cancer.
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What Regions Are Propelling Growth in the Genomic Biomarkers Industry?
North America was the largest region in the genomic biomarkers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genomic biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Genomic Biomarkers Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the genomic biomarkers market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Genomic Biomarkers Market Include
1. Genomic Biomarkers Market Executive Summary
2. Genomic Biomarkers Market Segments
3. Genomic Biomarkers Market Size And Template Market Growth Rate
4. Key Genomic Biomarkers Market Trends
5. Major Genomic Biomarkers Market Drivers
……
25. Key Mergers And Acquisitions In The Genomic Biomarkers Market
26. Top Genomic Biomarkers Companies
27. Genomic Biomarkers Market Opportunities And Strategies
28. Genomic Biomarkers Market, Conclusions And Recommendations
29. Appendix
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