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Imaging Biomarkers Market Estimated to Flourish by 2024
Imaging Biomarkers Market: An Overview
The imaging biomarkers market is expected to witness robust growth during 2018-2028 periods. The imaging biomarkers market is a consolidated and competitive landscape, with key players in the market making way advanced imaging techniques for detection of chronic diseases like cancer. The high-tech know-how of manufacturing remains a potential barrier to entry in the market. However, due to the complex and potent nature of the technique, research and development continues to make way for new opportunities for key players in the market are Abbott Laboratories, Agilent Technologies Inc., Affymetrix Inc., Bio-Rad Laboratories Inc., F. Hoffmann La Roche Ltd., Gen-Probe Inc., and Siemens Healthcare. The strong rivalry in the market dictates strong opportunities for new entrants in supply of imaging biomarkers. The cost-effective, localized, and highly complex nature of the product provides a high-degree of power to suppliers which is expected to help the market expand in new regions.
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Imaging Biomarkers Market: Notable Developments
The European Society of Radiology (ESR) has issued a 16 page document outlining a detailed set of instructions to promote the use of imaging biomarkers in clinical trials. The instructions are expected to further understanding of imaging biomarkers, and usage of validated imaging biomarkers. The insight was published in Insights Into Imaging. According to its author, Nandita D’Souza, the imaging biomarkers often come with different protocols, which make the quantitation and subsequent usage of equipment more challenging.
The brain imaging study conducted by researchers from University of California show that tau pathology rather than than β-amyloid plaque formation may be key to progress of Alzheimer’s disease. The study published in Science Transnational Medicine, promises the use of PET tracer in quantifying, and visualizing pathological tau protein tangles. The study also promises more potential for imaging biomarkers as these could potentially be used to study progression of the Alzheimer’s disease.
Imaging Biomarkers Market: Drivers and Restraints
The imaging biomarkers market remains a promising prospect for new entrants, thanks to rising innovation. The growing cases of chronic diseases like cancer including lung, liver, and stomach cancer have resulted in increased deaths. On the other hand, the healthcare sector is moving towards identification of cancer earlier to provide the best treatment possible. The growing awareness of the disease, the increased screening, and awareness among patients, and increased product advancements are expected to drive growth of the imaging biomarkers market.
Additionally, increased technological advancements like virtualization of imaging biomarkers, and technologies like Big Data are making way for highly complex imaging techniques. This is expected to open up new opportunities as various scans including PET imaging, MRI, and CT scans provide various insights into chronic illnesses like cancer. Moreover, the growth of these technologies are expected to drive growth for the imaging biomarkers market in near future.
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Imaging Biomarkers Market: Geographical Analysis
Imaging biomarkers market report covers all regions of the globe including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these, the North America region is expected to witness highest revenue growth with growing elderly population, rising coverage through favourable disbursement scenario, and growing cases of cancer detection. The Asia Pacific region is expected to also present significant opportunities as expanding access to healthcare, large population, and rising disposable income are expected to drive highest CAGR-drive growth in the region for the imaging biomarkers market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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