(Health-NewsWire.Net, December 26, 2016 ) According to the report Biomarkers Market, published by market Data Forecast, the global market is projected to reach USD 46.12 billion by 2020, at a CAGR of 13.44% from 2015 to 2020.
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Biomarkers are described as the biological molecules or genes assist in crucial clinical decisions and diagnosis of health conditions in patients. These are also known as molecular markers or signature molecules and used to analyze the pharmacologic responses, biological & pathological conditions. Biomarkers are found extensively in body fluids and tissues. Biomarkers are helpful in drug discovery & development processes and assessment of disease conditions.
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Global Biomarkers market is expected to witness growth owing to increasing research & development spending, rising healthcare expenditure, and growing demand for biomarkers in diagnostic field. In addition, increasing number of low cost of clinical trials in emerging countries, growing initiatives in biomarkers research, increasing growth of information technology, growing demand for drug discovery are further propelling the growth of global biomarkers market.
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Global market for biomarkers is segmented on the basis of product, type, application, and disease indications. On the basis of Product Consumables Services Software On the basis of Type Safety Biomarkers Efficacy Biomarkers Validation Biomarker On the basis of Application Diagnostics Development Drug Discovery and Development Personalized Medicine Disease Risk Assessment Other Applications On the basis of Disease Indications Cancer Cardiovascular Disorders Neurological Disorders Immunological Disorders Other Diseases On the basis of Geography North America Europe Asia-Pacific Latin America Middle East & Africa
Segmentation: Write in form of bullet points
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The key players in global biomarkers market include, Bio-Rad Laboratories (U.S.), Qiagen N.V. (Netherlands), Enzo Biochem (U.S.), PerkinElmer, Inc. (U.S.), Merck & Co, Inc. (U.S.), EKF Diagnostics Holdings plc. (U.S.), Meso Scale Diagnostics, LLC (U.S.), Singulex, Inc. (U.S.), BioSims Technologies (France), Cisbio Bioassays (France), and Signosis, Inc. (U.S.).
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