Automotive tire market Industry Size, Growth & Forecast to 2023 Global Biomarker Market pdf file | Page 2

Orion Market Research (OMR), recently published a market research report on the global biomarker
market. According to the OMR analysis, the global biomarker market is expected to grow at a significant
rate during 2018-2023. The global biomarker market has witnessed a significant growth due to high
prevalence of chronic diseases. The global biomarker market is segmented on the basis of type,
application, disease, end user and geography. The report provides detailed and insightful chapters on
market overview, key findings, strategic recommendations, market estimations, market determinants,
key company analysis, market insights, company profiling, market segmentation, geographical analysis
and analyst insights.
Full report of Global Biomarker Market is available at: https://www.omrglobal.com/industry-
reports/global-biomarker-market/
“Increasing funding by the government for cancer research and clinical trials is considered to be one of
the major factors for the growth of biomarker market. For an instance: The National Cancer Institute in
March 2016 has earmarked $5.5 million for funding for the establishment of laboratories with an aim to
advance research on biomarkers and biomarker assays for various cancers such as of the prostate, lung,
breast, and genitourinary organs. The Biomarker Developmental Laboratories (BDLs) will be a part of the
early detection research network of the NCI. In addition, in January 2015, there was an investment
made by the Precision Medical Initiative of $70 million to the National Cancer Institute. The investment
was made to recognize the different genomic drivers in cancer and to develop new approaches for
detection and cancer treatment.”
The global biomarker market on the basis of geography is divided into – North America, APAC, Europe,
and Rest of the world. North America is expected to hold the dominant position globally. The high
adoption of biomarker technology for the diagnosis application in the North American region is
contributing for the market growth in this region. In addition, growing prevalence of chronic diseases is
another major factor for the growth of biomarker market in North America. Asia Pacific market is
expected to grow with the highest CAGR during the forecast period of 2018-2023. The market in Asia
Pacific is driven by the funding and investment made by government for cancer research and clinical
trials.
About Orion Market Research
Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports.
The company is equipped with an experienced team and young brigade of analysts. The company
provides quality syndicated research reports, customized research reports, Company profiling,