Discover trends, market shifts, and competitive outlooks for the oncology biomarkers industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the Oncology Biomarkers Market In 2029?

In recent times, there has been a swift expansion in the scale of the oncology biomarkers market. Estimated at $15.3 billion in 2024, it is projected to swell to $17.43 billion in 2025, showcasing a compound annual growth rate (CAGR) of 13.9%. The notable growth observed in the historic phase could be ascribed to wider acceptance in developing nations, efforts towards precision medicine, advancements in diagnostic procedures, support for drug development, and a rising occurrence of cancer.

In the coming years, the oncology biomarkers market is projected to experience swift expansion. The market is anticipated to reach $29.64 billion by 2029, with a compound annual growth rate (CAGR) of 14.2%. Factors contributing to this predicted growth during the specified period include the integration of next-generation sequencing (ngs), the growth of biomarker informatics, emphasis on predictive pharmacogenomics, quick progression of exosome-based biomarkers, and the utilization of spatial transcriptomics. Key trends expected within this period are the standardization and quality assurance, a move towards functional biomarkers, the function of biomarkers in clinical trials, wider applications in immunotherapy, and real-time observation of therapy responses.

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What are the Fundamental Drivers and Innovations Shaping the Oncology Biomarkers Market?

The oncology biomarker market is predicted to expand due to the increasing prevalence of cancer. This illness begins when some cells in the body start multiplying without control, gradually affecting the whole body. Oncology biomarkers help gain a deeper insight into the specific kind of cancer by evaluating the genes, proteins, and other substances present in a patient’s body. For instance, the National Library of Medicine, a government institution based in the US, projected in January 2024, that the United States might see 2,001,140 new cancer cases and 611,720 cancer-related fatalities in 2024. On top of that, the annual incidence rates of cervical cancer among individuals between 30 and 44 years old, and colorectal cancer in those under 55 years old, have been witnessing 1% to 2% increases among the younger population. Hence, the growing cancer prevalence is expected to steer the growth in the oncology biomarker market.

How Is the Oncology Biomarkers Market Segmented?

The oncology biomarkers market covered in this report is segmented –

1) By Biomarker Type: Protein Biomarkers, Genetic Biomarkers, Other Cancer Biomarkers

2) By Profiling Technologies: Omics Technologies, Imaging Technologies, Immunoassay, Bioinformatics, Other Profiling Technologies

3) By Cancer Type: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma, Leukemia, Ovarian Cancer, Liver Cancer, Other Cancer Types

4) By Application: Diagnostics, Research And Development, Prognostics, Risk Assessment, Other Applications

5) By End-User: Hospitals, Academic And Cancer Research Institutes, Ambulatory Surgical Centers, Diagnostic Laboratories

Subsegments:

1) By Protein Biomarkers: Tumor-Specific Antigens, Circulating Tumor Cells (CTCs), Enzymatic Biomarkers

2) By Genetic Biomarkers: DNA Mutations, Gene Expression Profiles, Single Nucleotide Polymorphisms (SNPs)

3) By Other Cancer Biomarkers: Metabolomic Biomarkers, Epigenetic Biomarkers, MicroRNA Biomarkers

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Which Regions Are Driving the Next Phase of the Oncology Biomarkers Market Growth?

North America was the largest region in the oncology biomarkers market in 2024. The regions covered in the oncology biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Key Trends Are Shaping the Future of the Oncology Biomarkers Market?

The trend of embracing groundbreaking and sophisticated technologies is prevalent in the oncology biomarker industry. To consolidate their market standing in the field of oncology biomarkers, top corporations are rolling out novel and pioneering technologies. A case in point is OncoDNA, a Belgium-based corporation specializing in precision medicine in oncology, which unveiled the OncoDEEP kit in 2022. This distinctive kit empowers laboratories to conduct thorough biomarker testing. Via the use of Next-generation sequencing (NGS) technology coupled with cloud-based software applications, OncoDEEP offers labs the means to carry out broad-panel sequencing, gain a molecular understanding of a tumor, scrutinize the raw data, and avail detailed quality control checks.

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How Is the Oncology Biomarkers Market Defined and What Are Its Core Parameters?

Oncology biomarkers refer to biological indicators, such as genes, proteins, or other molecules, that can signal the presence of cancer or its progression. They are used to diagnose cancer, predict treatment responses, and monitor disease progression or recurrence. By analyzing these biomarkers, healthcare providers can tailor personalized treatment plans for patients.

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