This research study involved the extensive use of secondary sources, directories, and databases to identify and collect valuable information to analyze the global biomarkers market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess the growth prospects of the market. The global market size estimated through secondary research was then triangulated with inputs from primary research to arrive at the final market size.
Secondary Research
Secondary research was used mainly to identify and collect information for the extensive, technical, market-oriented, and commercial study of the biomarkers market. The secondary sources used for this study include American Society of Clinical Oncology (ASCO), Canadian Alliance for Healthy Hearts and Minds (CAHHM), Canadian Institute for Health Information (CIHI), Central Drugs Standard Control Organization (CDSCO), Center for Disease Evaluation and Research (CDER), Centers for Disease Control and Prevention (CDC), Chinese Medical Journal, Clinicaltrials.gov.in, European Medicines Agency (EMA), Food and Drug Administration (FDA), GLOBOCAN, International Agency for Research on Cancer (IARC), National Cancer Institute (NCI), National Center for Biotechnology Information (NCBI), National Institutes of Health (NIH), National Comprehensive Cancer Network (NCCN), Organization for Economic Co-operation and Development (OECD), Population Health Research Institute (PHRI), PubMed, World Bank, World Health Organization (WHO), Corporate and Regulatory Filings, Annual Reports, Sec Filings, Investor Presentations, and Financial Statements; Business Magazines & Research Journals; Press Releases, MarketsandMarkets Analysis. These sources were also used to obtain key information about major players, market classification, and segmentation according to industry trends, regional/country-level markets, market developments, and technology perspectives.
Primary Research
Extensive primary research was conducted after acquiring basic knowledge about the global biomarkers market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand side (personnel from pharmaceutical & and biotechnology companies, hospitals & diagnostic laboratories, academic & research institutes, and other end users) and supply side (C-level and D-level executives, product managers, and marketing and sales managers of key manufacturers, distributors, and channel partners, among others, across six major regions—North America, Europe, the Asia Pacific, Latin America, Middle East, and Africa. Approximately 70% of primary interviews were conducted with supply-side representatives, while demand-side participants accounted for the remaining share. This preliminary data was collected through questionnaires, e-mails, online surveys, personal interviews, and telephonic interviews.
The following is a breakdown of the primary respondents:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the biomarkers market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Bottom-up Approach
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The key players in the industry and market have been identified through extensive secondary research.
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The revenues generated from the biomarkers market business of leading players have been determined through primary and secondary research.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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Top-down Approach
After arriving at the overall market size from the market size estimation process, the total market was split into several segments and subsegments.
Data Triangulation
After arriving at the market size from the market size estimation process explained above, the total market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
A biomarker is a defining characteristic that is a measurable indicator of normal biological processes, pathogenic processes, or responses to an exposure or intervention, including therapeutic interventions. Biomarkers are objective indications of medical states observed from outside the patient, which can be measured accurately and reproducibly. They can be used as diagnostic tools for identifying patients with abnormal conditions, as tools for staging the extent of a disease, as indicators of disease prognosis, or for predicting and monitoring a response to an intervention.
The scope of this report includes products, software, and services, including consumables such as assay kits, reagents and chemicals, and columns and filters supporting the biomarker detection and analysis processes, as well as software and services related to biomarker detection and analysis.
Stakeholders
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Academic & Research Institutes
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Biomarkers Assays and Reagents Manufacturers, Vendors, and Distributors
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Contract Research Organizations (CROs)
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Biomarkers Service & Software Providers
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Diagnostics Companies
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Market Research and Consulting Firms
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Pharmaceutical and Biotechnology Companies
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Regulatory Agencies
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Venture Capitalists
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Forensics Labs
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Government organizations
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Private research firms
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Contract development and manufacturing organizations (CDMOs)
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Hospitals and Diagnostic Laboratories
Report Objectives
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To define, describe, and forecast the global biomarkers market based on product & service, type, research area, technology, disease indication, application, end user, and region
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To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
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To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
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To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
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To forecast the size of the market segments with respect to six main regions, namely, North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa
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To profile the key players in the global biomarkers market and comprehensively analyze their core competencies and market shares
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To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements, partnerships, and collaborations in the biomarkers market
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To benchmark players in the biomarkers market using the “Company Evaluation Matrix” framework, which analyzes market players based on various parameters, including product portfolio, geographic reach, and market share
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Geographical Analysis
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Further breakdown of the Rest of Europe biomarkers market, by country
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Further breakdown of the Rest of Asia Pacific biomarkers market, by country
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Further breakdown of the Rest of Latin America biomarkers market, by country
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Further breakdown of the Rest of Middle East biomarkers market, by country
Company Information
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Detailed analysis and profiling of additional market players (up to five)
Segment Analysis
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Further breakdown of the other technologies and other therapeutic area into subsegments
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Cross-segment analysis
Patrick
Mar, 2022
Looking forward to gain more insights on the global Biomarkers Market.
Raymond
Mar, 2022
What are the growth opportunities in Biomarkers Market?.
Jack
Mar, 2022
Can you enlighten us on the end users in Biomarkers Market?.