According to FutureWise analysis the market for rare biomarkers specimen collection and stabilization in 2023 is US$ 27.64 billion, and is expected to reach US$ 54.76 billion by 2031 at a CAGR of 8.90%.
Biomarkers, also known as molecular markers or signature molecules, are used to assess the body's response to treatment. They also help in the examination of organ functions and other conditions. They are essential in imaging technology because they allow for clear imaging of cancer tumors and other issues. The market is being driven by a significant increase in research studies that examine the role of biomarkers in disease management. The market's revenue growth has been affected by factors such as the preference for non-invasive treatment of diseases and growing demand for personalized medicine. The number of research studies on this topic has increased dramatically over the last few years. This is a sign of the growing interest in rare biomarker specimen stabilization and collection by healthcare providers. Investments in clinical applications have also been driven by increasing evidence of the effectiveness of rare biomarkers for disease management. Liquid biopsy has been a key factor in the market dynamics for rare biomarker specimen collection. The primary growth factor in the market for rare biomarkers specimens and stabilization in clinical settings is liquid biopsies. The current liquid biopsy can only be used by patients with metastatic, advanced cancer. The clinical adoption of these tests is limited by regulatory hurdles and low reimbursement. The uptake of these tests will be driven by the availability of more data about their clinical utility. Liquid biopsy is only one aspect of the clinical space. Companies are involved in the development and commercialization of ccfDNA based NIPT. Investors have also provided significant capital inflow to help this segment grow in terms of test volume and revenue. Recent years have seen a rise in market competition due to the introduction of new assays like liquid biopsy assays, and the emergence microfluidic-based biomarker seperation technologies. This market will see increased competition due to new product launches and expanded applications. To gain an edge in the exosome isolating space, companies are entering into strategic agreements. Biopharmaceutical companies such as Roche or Amgen have partnered with liquid biopsy companies to develop companion diagnostics and speed up personalized medicine. Biopharma companies are expected to enter the market for rare biomarkers specimen collections and stabilization. This will increase competition among key stakeholders, including diagnostics developers as well as service providers.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Rare Biomarkers Specimen Collection and Stabilization Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Rare Biomarkers Specimen Collection and Stabilization Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.