Cancer Biomarkers Market Outlook: Advancements in Early Detection and Diagnosis
The global cancer biomarkers market was valued at USD 30.35 billion in 2023 and is projected to reach USD 69.76 billion by 2030, demonstrating a robust Compound Annual Growth Rate (CAGR) of 12.7% from 2024 to 2030. These biomarkers are critical in determining cancer patient prognosis and play a significant role in diagnosing and treating nearly every patient. The market's growth is primarily fueled by the increasing global incidence of cancer, burgeoning research into cancer biomarkers, their expanding use in drug discovery and development, the rise of individualized treatment approaches, and continuous technological advancements. The escalating global cancer burden, with approximately 20 million new diagnoses and nearly 10 million deaths in 2022 (while 53.5 million people survived for at least 5 years), underscores the urgent demand for early detection and personalized treatment options, solidifying the crucial role of biomarkers in improving cancer diagnosi...