Global Biomarkers Market Will Grow at Around 13% Cagr by 2020

Global Biomarkers Market will grow at around 13% CAGR

by 2020

New York, May 26: Market Research Engine has published a new report titled as

“Biomarkers Market - Global Industry Analysis, Size, Share, Growth, Trends, and

Forecast 2016 - 2023”

Biomarkers are biological measures used to measure biological states such as blood pressure,

cholesterol level and monitor and forecast health level of individual. Biomarkers are used in

single or in combination to identify health or disease of individual. Different varieties of

biomarkers are used currently for various applications. Every biological system consists of its

own biomarkers. Some biomarkers are easy to use, measure and form part of routine medical

examinations. Biomarkers are used to estimate health and disease of individual such as diabetes

and cardiovascular. Biomarkers are used for detection, screening, diagnosis, treatment and

monitoring of cancer.

Browse Full Report: http://www.marketresearchengine.com/reportdetails/biomarkers-market

The Biomarkers market is expected to exceed more than US$ 45.0 billion by 2020 growing at

around 13% CAGR. The main driving factors for biomarkers market are increase in number of

low cost for conducting clinical trials in developing countries. Rising healthcare expenditure and

R&D funding are the major macro drivers of the market. The use of biomarkers in diagnostic

process is increasing rapidly due to its more accurate results. The biomarkers also have some

restraints such as it contain technical issues related to sample and storage. The testing cost of

biomarkers is high. It contains high investment but relatively low cost and benefit ratio.

This report provides:

1) An overview of the global market for biomarkers and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and

projections of compound annual growth rates (CAGRs) through 2020.

3) Identifications of new market opportunities and targeted promotional plans for...