Predisposition Biomarkers Market: Rise in prevalence of cancer and other chronic diseases to drive the market
Predisposition Biomarkers Market: Overview
- Biomarkers have received vast clinical and scientific value and interest in the practice of medicine. They are potentially useful along the whole spectrum of the disease process. Biomarkers can be used for screening and risk assessment. Furthermore, they can be used to determine and monitor the recurrent diseases.
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- Advances in genomics, proteomics, and molecular pathology have generated many candidate biomarkers with potential clinical value. Genetic predisposition, also known as genetic susceptibility, is characterized as an increased likelihood of developing a health disorder based on the presence of a particular biomarker. For instance, a patient with increased susceptibility to breast cancer is determined by the presence of the BRCA1 and/or BRCA2 genes.
- Genetic testing is considered for disease risk when an individual has a family or personal history that indicates an inherited risk for a particular health condition. Genetic markers, in particular, play a vital role in understanding disease risk. This is now widely accepted that a majority of complex disorders, including cancers, arise not from single gene-variants or single exposures; but rather from the interplay between an individual’s genetic susceptibilities and their personal exposures.
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Key Drivers of Global Predisposition Biomarkers Market
- Advancements in diagnostic techniques, rise in burden of diseases, and need for novel diagnostic techniques are expected to drive the global predisposition biomarkers market
- Fast and progressive growth in the field of pharmaceutical and biotechnology drives the development of innovative and powerful sensing technique for detection and process optimization of biomolecules at very low concentrations. Moreover, increase in prevalence of chronic diseases such as cancer and cardiac disorders has boosted the growth of predisposition biomarkers.
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- According to the World Health Organization (WHO), cancer accounted for 8.8 million deaths in 2015. Globally, 1 in 6 deaths is due to cancer. As per the WHO, an estimated 17.9 million people died from cardiovascular diseases in 2016, representing 31% of all global deaths. Of these deaths, 85% are due to heart attack and stroke. Hence, rise in prevalence of cancer and other chronic diseases and need for personalized medicine are expected to drive the predisposition biomarkers market during the forecast period.
- Increase in technological advances in instruments and biomarker detection techniques are some of the factors anticipated to drive the global predisposition biomarkers market during the forecast period
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North America to Hold Major Share of Global Predisposition Biomarkers Market
- North America is projected to account for a prominent share of the global market during the forecast period. Increase in research & development activities in the field of diagnostics; adoption of advanced testing techniques and presence of major players in life sciences industry; large number of research institutes; and growing need for new and improved therapies to address medical conditions are expected to fuel the growth of the market in the region.
- Economic growth in India, China, Brazil, Mexico, and other countries in Asia and Latin America has improved the health care infrastructure and accessibility to innovative products and health care services. Moreover, rise in incidence of non-communicable and chronic diseases along with aging population and increase in disposable income are expected to drive the predisposition biomarkers market.
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