Cancer Biomarkers Market (By Type: Breast Cancer, Prostate Cancer, Colorectal Cancer, Cervical Cancer, Liver Cancer, Lung Cancer, Others; By Biomolecule: Genetic Biomarkers, Epigenetic Biomarkers, Metabolic Biomarkers, Proteomic Biomarkers, Others; By Application: Drug Discovery and Development, Diagnostics, Personalized Medicine, Others; By Profiling Technology; By End User) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024 – 2033
The global cancer biomarkers market size was estimated at USD 12.35 billion in 2023 and it is expected to hit over USD 39.41 billion by 2033 with a remarkable CAGR of 12.3% from 2024 to 2033.
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The U.S. cancer biomarkers market size was estimated at USD 3.04 billion in 2023 and is predicted to be worth around USD 10.29 billion by 2033, at a CAGR of 12.9% from 2024 to 2033.
North America dominated the cancer biomarkers market in 2023. The U.S. dominated the cancer biomarkers market in North America region. The North America region has existence of large number of market players operating in cancer biomarkers market. The U.S. government is heavily investing in research and development activities for the development of novel products. In addition, adoption of innovative and advanced technologies is driving the growth of the cancer biomarkers market in North America region.
Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. The cancer biomarkers market in Asia-Pacific region is being driven by growing prevalence of cancer. In addition, the government is constantly funding development activities for developing new products. Thus, rising awareness of cancer biomarkers is also boosting the growth of the market in Asia-Pacific region.
The Europe cancer biomarkers market size was calculated at USD 3.26 billion in 2023 and is projected to expand around USD 11.03 billion by 2033, poised to grow at a CAGR of 13% from 2024 to 2033.
| Year | Market Size (USD Billion) |
| 2023 | 3.26 |
| 2024 | 3.69 |
| 2025 | 4.16 |
| 2026 | 4.70 |
| 2027 | 5.31 |
| 2028 | 6.00 |
| 2029 | 6.78 |
| 2030 | 7.66 |
| 2031 | 8.65 |
| 2032 | 9.77 |
| 2033 | 11.03 |
The cancer biomarkers are used in the diagnosis and treatment of cancer. One of the prominent factors driving the growth of the global cancer biomarkers market is rising incidences of cancer all around the world. According to the World Health Organization (WHO), cancer is the biggest cause of death worldwide, with approximately 10 million fatalities expected in 2020, for almost one in every six deaths. The most frequent cancers are lung cancer, breast cancer, rectum cancer, and prostate cancer. Due to all these cancers, the development of cancer biomarkers has become necessity in the market.
Another factor driving the growth of the global cancer biomarkers market is rising geriatric population. The old people are more prone to life threatening disorders such as cancer. Thus, these people require utmost care and quick treatment against such diseases. In addition, the technological advancements are also creating growth prospects for the expansion of the global cancer biomarkers market. Thus, the adoption of innovative technologies is helping to develop novel cancer biomarkers in the global market.
Furthermore, the government from developing and developed nations is highly investing in the research and development projects for the development of cancer biomarkers. Moreover, market players from private and public sectors are collaborating with each other for the development of cancer biomarkers. All of these aforementioned factors are creating lucrative opportunities for the growth and development of the global cancer biomarkers market over the projected period.
| Report Coverage | Details |
| Cancer Biomarkers Market Size in 2023 | USD 12.35 Billion |
| Cancer Biomarkers Market Size by 2033 | USD 39.41 Billion |
| Growth Rate from 2024 to 2033 | CAGR of 12.3% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Type, By Biomolecule, By Profiling Technology, By End User, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
On the other hand, the factors such as uncontrolled government laws and reimbursement regulations and expensive drug development are hindering the growth of the global cancer biomarkers market. However, the market for cancer biomarkers is expected to grow due to growing advancements in the field of cancer treatment. In addition, expansion of healthcare sector is driving the growth of the global cancer biomarkers market during the forecast period.
The impact of COVID-19 pandemic on the growth of the global cancer biomarkers market was moderate in nature. The supply chain disruptions and halt of manufacturing units had negative impact on the cancer biomarkers market. On the other hand, the growing number of coronavirus cases resulted into the surge in demand for cancer biomarkers.
The key market players are adopting various strategies for the growth of the global cancer biomarkers market. The market players are also collaborating with the government agencies for the development of new products in the cancer biomarkers market.
The breast cancer segment dominated the cancer biomarkers market in 2023. According to World Health Organization (WHO), breast cancer has affected 2.3 million women globally in 2020, with 685,000 fatalities. Breast cancer has been diagnosed in 7.8 million women in the previous five years as of the end of 2020, making it the most common cancer in the world. Thus, the growing prevalence of breast cancer is driving the growth of the segment.
The lung cancer segment is fastest growing segment of the cancer biomarkers market in 2023. Lung cancer is a disease that primarily affects the elderly population. The majority of those diagnosed with lung cancer are 65 or older; only a small percentage of those diagnosed are under 45. When persons are diagnosed, they are typically around 70 years old. Thus, growing geriatric population is boosting the segment growth.
The diagnostics segment dominated the cancer biomarkers market in 2023. The factors such as growing development of cancer biomarkers based on oncology tests with high efficiency and effectiveness and growing government initiatives are driving the growth of the segment during the forecast period.
The personalized medicine segment is fastest growing segment during the forecast period. The segment is growing due to the growing awareness among healthcare practitioners about cancer biomarkers. In addition, the demand for personalized medicines is also growing. One of the key factors driving the segment growth is approvals on diagnostic tests are quite easy nowadays which is creating demand for cancer biomarkers.
The genetic biomarkers segment dominated the cancer biomarkers market in 2023. The genetic biomarkers are used on a large scale and are very efficient and effective in nature. The genetic biomarkers are extensively used for the treatment and diagnosis of cancer. Thus, all of these factors are boosting the segment growth.
The epigenetics segment is fastest growing segment over the forecast period. One of the key drivers boosting the growth of the segment is growing research for development of novel biomarkers. In addition, market players are collaborating with pharmaceutical firms, which are contributing towards the segment growth.
Segments Covered in the Report
By Type
By Biomolecule
By Application
By Profiling Technology
By End User
By Geography
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