Prognostic Biomarkers Market Trends

  • Report ID: 3091
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Prognostic Biomarkers Market Trends

Growth Drivers

  • Increasing Cases of Disease Recurrence
  • Growing Health Awareness Among People

Challenges

  • Unavailability of Proper Advanced Technology in Developing Nations
  • High Cost of Prognostics Biomarkers

Prognostic Biomarkers Market: Key Insights

Healthcare Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years. CLICK TO DOWNLOAD SAMPLE REPORT

Base Year

2024

Forecast Year

2025-2037

CAGR

#N/A

Base Year Market Size (2024)

#N/A

Forecast Year Market Size (2037)

#N/A

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 3091
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Prognostic Biomarkers Market size is poised to witness lucrative growth rate during the forecast period i.e., between 2025-2037.

Rising cases of chronic disease recurrence will impel the market growth.

North America industry is predicted to account for largest revenue share by 2037, on the back of increasing health awareness among people, along with high per capita healthcare expenditure by the government.

The major players in the market are PerkinElmer Inc., Myriad Genetics, Inc., Siemens Healthcare GmbH, F. Hoffmann-La Roche Ltd, Epigenomics AG, Thermo Fisher Scientific Inc., and others.
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