09 August 2018
Visiongain has launched a new pharma report Global Biomarkers Market Forecast 2017-2027: Biomarker Services, Biomarker Diagnostics, Biomarker Discovery, Genomics, Proteomics, Bioinformatics, Cancer, Cardiovascular Diseases, CNS, Autoimmune Diseases
Biomarkers can be effective in cutting the cost and time required for drug development. They can be used in drug discovery to aid the identification of drug targets in disease, as well as identifying a particular subset of a disease. Biomarkers can be used to stratify patient populations, potentially cutting the numbers of patients enrolled in trials, as well as ensuring that only those that will benefit from treatment are included. Biomarkers represent a key step towards personalised medicine, where the patient is assessed as an individual, rather than by their disease.
Nasreen Uddin, a pharmaceutical industry analyst for visiongain, said “The Biomarkers Market has seen strong growth over the recent years, driven by high demand for diagnostics detecting genomic and proteomic markers as companion diagnostics for novel therapies, increased R&D funding and the rising prevalence of oncology and cardiovascular-based disease. In addition, the shift from monoplex to multiplex biomarker testing to tackle complex diseases will continue to accentuate the growth in the market.
Regulatory bodies have continued their commitment to personalised medicine with the release of draft guidance’s for genomic biomarkers and the development of companion diagnostics. Government initiatives and public and private partnerships will create significant opportunities in the biomarker market during the forecast period.”
Leading companies featured in the report include Quintiles IMS Holdings Inc, Laboratory Corporation of America Holdings, Parexel, Charles River Laboratories, ICON plc, WuXi PharmaTec, Caprion Proteomics, Proteome Sciences, Pacific Biomarkers, Oxford Gene Technology (OGT), Worldwide Clinical Trials (WWC), Agilent, AB SCIEX, QIAGEN, Axela Inc
Thermo Fisher Scientific, Quest Diagnostics, Myriad Genetics, Genomic Health, Critical Diagnostics, Epigenomics, MDxHealth (formerly OncoMethylome)
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