US Cancer Biomarkers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Cancer Biomarkers Market Analysis
The major factors that are driving the market growth include the increasing incidence of cancer, globally, and higher acceptance of treatments for cancer in the country and increasing usage of biomarkers in drug development. The rising number of cancer cases is creating tremendous opportunities for market players. The major market players are focusing on R&D activities, to bring new and reliable biomarkers for improving the diagnosis and therapy. The National Cancer Institute (NCI) has stated that the national spending on cancer care is expected to reach USD 156 billion by 2020.
According to the estimates of the American Cancer Society, in 2018, there were 1,735,350 new cancer cases diagnosed and 609,640 deaths due to cancer in the United States. The most common cancers in the United States are breast cancer, lung cancer, prostate cancer, colorectum cancer, bladder cancer, and skin cancer. Therefore the increasing cancer cases and the rising focus on Innovative drug development helps in driving the overall market growth.
US Cancer Biomarkers Market Trends
This section covers the major market trends shaping the US Cancer Biomarkers Market according to our research experts:
Lung Cancer Segment is Expected to Hold a Major Market Share During the Forecast Period
Lung cancer is caused by the uncontrolled growth of abnormal cells that multiply in one lung or both lungs. Although it can affect people who never smoked, people who smoke have the highest risk of lung cancer. The changing lifestyle and increasing air pollution in the country are also found to be the major risk factors for lung cancer.
As per the American Cancer Society's report, the new cases of lung cancer in the United States for 2018 were around 234,030, and about 154,050 deaths were recorded due to lung cancer. According to the American Lung Association, approximately 541,000 Americans living today have been diagnosed with lung cancer at some point in their lives. The majority of lung cancer patients have been diagnosed within the last five years. Every year, around tens of thousands of people, are cured of non-small cell lung cancer (NSCLC) in the United States. Hence with the increasing burden of lung cancer, the market is expected to show high growth.
US Cancer Biomarkers Industry Overview
The United States cancer biomarkers market is highly competitive and consists of a few major players. Some of the companies which are currently dominating the market are Abbott Laboratories Inc., Agilent Technologies, Biomerieux, F. Hoffmann-La Roche Ltd, Hologic Inc., Illumina Inc., and Thermo Fisher Scientific, among others, hold substantial shares in the market.
US Cancer Biomarkers Market Leaders
Abbott Laboratories Inc.
Thermo Fisher Scientific
Biomerieux
Illumina Inc.
F. Hoffmann-La Roche Ltd
*Disclaimer: Major Players sorted in no particular order
US Cancer Biomarkers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increased Burden of Cancer in the US
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4.2.2 Increasing Focus on Innovative Drug Development
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4.3 Market Restraints
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4.3.1 High Cost of Diagnosis and Reimbursement Issues
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Disease
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5.1.1 Prostate Cancer
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5.1.2 Breast Cancer
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5.1.3 Lung Cancer
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5.1.4 Colorectal Cancer
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5.1.5 Others
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5.2 By Type
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5.2.1 Protein Biomarkers
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5.2.2 Genetic Biomarkers
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5.2.3 Other Types
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5.3 By Profiling Technology
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5.3.1 OMICS Technology
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5.3.2 Imaging Technology
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5.3.3 Immunoassays
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5.3.4 Cytogenetics
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 23andMe
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6.1.2 Abbott Laboratories Inc.
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6.1.3 Agilent Technologies
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6.1.4 Biomerieux
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6.1.5 Quest Diagnostics
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6.1.6 F. Hoffmann-La Roche Ltd
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6.1.7 Hologic Inc.
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6.1.8 Illumina Inc.
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6.1.9 Thermo Fisher Scientific
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
US Cancer Biomarkers Industry Segmentation
As per the scope of the report, biomarkers are chemical, physical, or biological parameters, which can be used to indicate the disease states. Oncology biomarkers offer high-speed, non-invasive cancer diagnoses, and enhance cancer detection and screening. The cancer biomarkers market is segmented by disease, type, profiling technology.
| By Disease | |
| Prostate Cancer | |
| Breast Cancer | |
| Lung Cancer | |
| Colorectal Cancer | |
| Others |
| By Type | |
| Protein Biomarkers | |
| Genetic Biomarkers | |
| Other Types |
| By Profiling Technology | |
| OMICS Technology | |
| Imaging Technology | |
| Immunoassays | |
| Cytogenetics |
US Cancer Biomarkers Market Research FAQs
What is the current United States Cancer Biomarkers Market size?
The United States Cancer Biomarkers Market is projected to register a CAGR of 11.20% during the forecast period (2024-2029)
Who are the key players in United States Cancer Biomarkers Market?
Abbott Laboratories Inc., Thermo Fisher Scientific, Biomerieux, Illumina Inc. and F. Hoffmann-La Roche Ltd are the major companies operating in the United States Cancer Biomarkers Market.
What years does this United States Cancer Biomarkers Market cover?
The report covers the United States Cancer Biomarkers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Cancer Biomarkers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Cancer Biomarkers Industry Report
Statistics for the 2024 United States Cancer Biomarkers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Cancer Biomarkers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
