Molecular Biomarkers for Cancer Detection Market Segments and Key Trends 2016-2026

Molecular biomarkers are molecules which can be used as indicators for normal biological processes, pathogenic processes and body’s response to pharmacological processes. Molecular biomarkers for cancer detection provide information of an individual’s likeliness to develop cancer, provide information on the type of cancer, provide information on optimal drugs that can be used for the treatment of cancer, whether the chances of cancer returning after going into remission persist, etc. Cancer detection molecular biomarkers are usually made up of proteins, however, in recent years the information related to cancer biomarkers has increased rapidly along with developments in gene expression technology has led to the development of DNA-based molecular biomarkers which can provide more specific information and early detection of cancer. With the growing incidence cancer worldwide and rising economic burden caused by cancer is expected to increase demand for early detection of cancer.

Molecular Biomarkers for Cancer Detection Market: Drivers and Restraints

Rising incidence of cancer globally is expected to boost the molecular biomarkers for cancer detection market over the forecast period. As per the CDC (Centers for Disease Control and Prevention) by 2025, 19.3 million cases of cancer cases are expected to be diagnosed each year which in turn is supposed to increase demand for early detection of cancer. Development of molecular biomarkers – blood-based strategies to detect and monitor cancer is expected to boost demand for such biomarkers over the forecast period. The paradigm shift towards personalized medicine for treatment of cancer is expected to increase demand for cancer detection biomarkers as manufacturing personalized medicine depends on the pharmacological diagnosis of cancer. Collaborations between research centers and manufacturers over the forecast period is expected to boost the molecular biomarkers for cancer detection market. However, a high cost...