The global Biomarker Testing Services Market size was valued at USD 920 billion in 2023, and the market is projected to reach USD 1496.8 billion by the end of 2030, with growth at a CAGR of 7.2% during the forecast report 2023-2030.
The market for testing services for various biomarkers in biological samples such as blood, urine, and tissue is referred to as the "biomarker testing services market." Biomarkers are biological signs that can be used to track and monitor diseases, forecast how they will develop, and evaluate how well therapies are working.
The prevalence of chronic diseases is rising, biomarker technology is advancing, and the need for personalized medication is rising, among other factors that are driving the industry. Services for biomarker testing are used in a variety of specialties, including oncology, cardiology, neurology, and others.
Based on the type of biomarker, disease indication, technology, and geographic factors, the market is segmented. Quest Diagnostics, Laboratory Corporation of America Holdings (LabCorp), Bioreference Laboratories, Eurofins Scientific, and Myriad Genetics are significant market participants.
Here are various reasons why the market for biomarker testing services is expanding. The rising incidence of chronic diseases like cancer, heart disease, and neurological problems is one of the main causes. The use of biomarker testing to identify and track these diseases is becoming more and more important as more people contract them.
Demand for personalized treatment is another element boosting industry expansion. Healthcare professionals are beginning to understand that no two patients are the same and that each person's genetics and lifestyle should be taken into account when designing a treatment plan. The optimum treatment plan for each patient can be determined by doctors with the aid of biomarker testing, which is crucial to this strategy.
Technology development is also a factor in this market's expansion. The need for biomarker testing services will keep rising as more and more biomarkers are discovered by researchers and used more often.
Finally, early disease identification is becoming more and more important. Early disease detection can significantly improve patient outcomes, and biomarker testing is increasingly being used as a technique for doing so.
The market for biomarker testing services is anticipated to expand overall during the next few years, despite potential obstacles from legislation and competition from alternative diagnostic methods.
As per the report, the global Biomarker Testing Services Market is segmented into Type, Application, and Regions. The report covers detailed information on market size, Share, Growth, Value, Volume Analysis, Demand analysis, new market entry, competition insights, market drivers, challenges, opportunities, and Restraints. Further, company profile analysis, company revenue, Strategies, Sales, company acquisition, partnership, mergers, latest trends in the industry, regional and country-level insights, and competitive intelligence data is provided in the research report.
Further, the global market is geographically divided into major regions, and countries including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Further, major countries focused in the global study report: United States, Canada, United Kingdom, Spain, Germany, Italy, France, Mexico, Russia, Ukraine, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Qatar, Kingdom of Saudi Arabia, South Africa, Brazil, Argentina, and other countries are covered in the research study.
By Type
By End-Use
Geographical Classification Analysis:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
Regional Insights:
• North American market to remain in control over the global market during 2022-2030. In the North American region, the United States occupied the highest share of the market in this region, and the US country is projected to follow the same trend over the forecast time 2022-2030, followed by Canada.
• Europe holds the second largest share producer in the global Disposable Medical Sensors Market during the forecast period 2022-2030. Asia Pacific region is expected to be registered as the fastest-growing market in the global market by 2030.
• Most developing countries in Asia Pacific remain the focus of leading Disposable Medical Sensors companies, with a large portion of these companies investing in new entry and business expansion strategies
• The market in the Middle East and Africa is projected to show prominent growth opportunities in the coming years from 2023-2030. Due to the rising focus from the government of the Middle East and African countries on emerging healthcare infrastructure manufacturing and distribution are mostly contributing to the global market in the MEA region.
• The Latin American Disposable Medical Sensors Market registered a substantial share of the global market in 2022, and it is projected to remain its presence in the market.
*List not exhaustive
1. Executive Summary
1.1 Introduction to Biomarker Testing Services Markets
1.2 Biomarker Testing Services Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Biomarker Testing Services Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Biomarker Testing Services Market Trends
3.2 Key Biomarker Testing Services Market Growth Drivers
3.3 Key Biomarker Testing Services Market Growth Restraints
4 Biomarker Testing Services Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts
4.2 Reference Growth Case Scenario Forecasts
4.3 High Growth Case Scenario Forecasts
5. Biomarker Testing Services Market Segmentation- Outlook by Type
5.1 Biomarker Assay Development Market Outlook to 2030
5.2 Flow Cytometry Market Outlook to 2030
5.3 Others Market Outlook to 2030
6. Biomarker Testing Services Market Segmentation- Outlook by End-Use
6.1 Pharmaceutical and Biotechnology Companies Market Outlook to 2030
6.2 Research Institutes Market Outlook to 2030
6.3 CRO Market Outlook to 2030
7. North America Biomarker Testing Services Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Biomarker Testing Services Market Growth Opportunities
7.3 North America Biomarker Testing Services Market Outlook by Application
7.4 North America Biomarker Testing Services Market Outlook by Type
7.5 North America Biomarker Testing Services Market Outlook by Country
7.6 United States Biomarker Testing Services Market Outlook
7.7 Canada Biomarker Testing Services Market Outlook
7.8 Mexico Biomarker Testing Services Market Outlook
8. Europe Biomarker Testing Services Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Biomarker Testing Services Market Outlook by Application
8.3 Europe Biomarker Testing Services Market Outlook by Type
8.4 Europe Biomarker Testing Services Market Outlook by Country
8.5 Germany Biomarker Testing Services Market Outlook
8.6 France Biomarker Testing Services Market Outlook
8.7 United Kingdom Biomarker Testing Services Market Outlook
8.8 Spain Biomarker Testing Services Market Outlook
8.9 Italy Biomarker Testing Services Market Outlook
8.10 Other Europe Biomarker Testing Services Market Outlook
9. Asia Pacific Biomarker Testing Services Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Biomarker Testing Services Market Outlook by Application
9.3 Asia Pacific Biomarker Testing Services Market Outlook by Type
9.4 Asia Pacific Biomarker Testing Services Market Outlook by Country
9.5 China Biomarker Testing Services Market Outlook
9.6 Japan Biomarker Testing Services Market Outlook
9.7 India Biomarker Testing Services Market Outlook
9.8 Other Asia Pacific Biomarker Testing Services Market Outlook
10. Latin America Biomarker Testing Services Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Latin America Biomarker Testing Services Market Outlook by Application
10.3 Latin America Biomarker Testing Services Market Outlook by Type
10.4 Latin America Biomarker Testing Services Market Outlook by Country
10.5 Brazil Biomarker Testing Services Market Outlook
10.6 Argentina Biomarker Testing Services Market Outlook
10.7 Other Latin America Biomarker Testing Services Market Outlook
11. Middle East and Africa Biomarker Testing Services Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and AfricaBiomarker Testing Services Market Outlook by Application
11.3 Middle East and AfricaBiomarker Testing Services Market Outlook by Type
11.4 Middle East and AfricaBiomarker Testing Services Market Outlook by Country
11.5 Saudi Arabia Biomarker Testing Services Market Outlook
11.6 UAE Biomarker Testing Services Market Outlook
11.7 South Africa Biomarker Testing Services Market Outlook
11.8 Other Middle East and Africa Biomarker Testing Services Market Outlook
12 Profiles of major Biomarker Testing Services Companies
BioAgilytix Labs LLC
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Eurofins Scientific SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
SGS SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Charles River Laboratories Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
LabCorp Holdings
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Thermo Fisher Scientific Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
ICON Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
IQVIA Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Syneos Health Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Intertek Group Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
By Type
By End-Use