Jersey City, NJ, Nov. 30, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biomarker Discovery Outsourcing Services Market Size, Share & Trends Analysis Report By Type (Predictive Biomarkers, Prognostic Biomarkers, Safety Biomarkers And Surrogate Endpoints), Therapeutic Area (Oncology, Neurology, Cardiology, Autoimmune Diseases), Discovery Phase (Biomarker Identification, Biomarker Validation, Biomarker Profiling, Biomarker Panel Development And Biomarker Selection) And End Users (Pharmaceutical Companies, Biotechnology Companies), Region, Market Outlook And Industry Analysis 2031"
The global biomarker discovery outsourcing services market is estimated to reach over USD 52.82 billion by 2031, exhibiting a CAGR of 20.15% during the forecast period.
The biomarker discovery outsourcing services market involves companies and organizations that offer various services to pharmaceutical companies, biotechnology firms, academic research institutions, and healthcare organizations. These services are aimed at identifying, validating, and developing biomarkers for various applications, including drug development, diagnostic tools, and personalized medicine. The market experiences its primary impetus from the progression of personalized medicine, the incorporation of Omics techniques, and the growing acceptance of emerging technologies.
Additionally, emerging technologies in the realm of biomarker discovery services include CRISPR-based methodologies and single-cell analysis. Furthermore, the COVID-19 pandemic had a substantial impact on the market, underscoring the significance of identifying biomarkers for infectious diseases and public health. Moreover, this urgency led to an upswing in funding and a heightened interest in COVID-19-related biomarker research. Conversely, the escalation in the prevalence of chronic diseases, encompassing conditions such as cardiovascular diseases, cancer, diabetes, and neurodegenerative ailments, significantly contributes to the market's expansion.
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Recent Developments:
- In Nov 2022, Celerion has announced the enhancement of its molecular and cellular capabilities to adhere to the rigorous requirements of Good Laboratory Practice/Good Clinical Practice (GLP/GCP). This upgrade aims to facilitate the advancement of novel modality medicines, including cell and gene therapies. Celerion now offers an extended range of services that include platforms for immune surveillance and biomarker screening. These platforms include high-throughput flow cytometry and ELISpot testing.
- In Sept 2020, Thermo Fisher Scientific has announced new partnerships between the Thermo Fisher Precision Medicine Science Center (PMSC) and AstraZeneca, as well as the University of Nebraska Medical Center. These collaborations aim to address unmet requirements in clinical biomarker discovery by developing creative solutions. The recent agreements enhance the PMSC's objective of establishing uniform procedures with pharmaceutical and academic collaborators to simplify the progression from biomarker research to clinical application, hence generating novel prospects for precision medicine.
List of Prominent Players in the Biomarker Discovery Outsourcing Services Market:
- Laboratory Corporation of America Holdings
- Charles River Laboratories
- Eurofins Scientific
- Celeron; ICON plc.
- Parexel International (MA) Corporation
- Proteome Sciences
- GHO Capital
- Thermos Fisher Scientific Inc.
- Evotec.
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Biomarker Discovery Outsourcing Services Market Report Scope:
| Report Attribute | Specifications |
| Market Size Value In 2022 | USD 10.29 Bn |
| Revenue Forecast In 2031 | USD 52.82 Bn |
| Growth Rate CAGR | CAGR of 20.15 % from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn, and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Component, Material, Capacity, Voltage, And Application |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia |
Market Dynamics:
Drivers
The demand for personalized therapies and companion diagnostics, which depend on biomarkers, is a key driver in the biomarker discovery services market. Collaborations between academic institutions, research organizations, and pharmaceutical companies for biomarker discovery projects foster growth by combining resources and expertise. Supportive regulatory frameworks and guidelines for biomarker development and validation promote the use of biomarkers in clinical applications, driving market growth. Increased funding and research interest in biomarkers for infectious diseases, driven by the urgency of the pandemic, have provided a significant boost to the market.
Challenges:
Stringent regulatory requirements and compliance issues can hinder the outsourcing of biomarker discovery services. Companies must ensure that their chosen service providers complete all the essential quality and safety standards, which can be a complex and time-consuming process. Biomarker discovery is a complex and multifaceted process. Finding meaningful and actionable biomarkers often requires a deep understanding of biology, bioinformatics, and data analysis, which can be challenging to achieve through outsourcing. Biomarker data can be susceptible, and maintaining data privacy and security is paramount. Concerns about data breaches or mishandling of sensitive information can act as a restraint, as companies may be hesitant to outsource such critical data. The outsourcing of biomarker discovery services can be expensive. Many organizations, especially smaller ones or startups may need more money to take advantage of these services.
Regional Trends:
The North American biomarker discovery outsourcing services market is expected to report a significant market share. North America, particularly the United States, is known for its strong focus on research and development in the field of biomarker discovery. Academic institutions, biotechnology companies, and research organizations in the region are at the forefront of innovation. Besides, Asia Pacific had a considerable share of the market. The Asia Pacific region is also adopting emerging technologies such as genomics, proteomics, and data analytics for biomarker discovery. These technologies offer innovative solutions to accelerate the biomarker discovery process. The biomarker discovery outsourcing services market in the Asia Pacific region is dynamic and responsive to the growing healthcare needs and research demands in the region.
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Segmentation of Biomarker Discovery Outsourcing Services Market-
By Type
- Predictive biomarkers
- Prognostic biomarkers
- Safety biomarkers
- Surrogate endpoints
By Therapeutic Area
- Oncology
- Neurology
- Cardiology
- Autoimmune Diseases
- Others
By Discovery Phase
- Biomarker Identification
- Biomarker Validation
- Biomarker Profiling
- Biomarker Panel Development
- Biomarker Selection
By End-use
- Pharmaceutical Companies
- Biotechnology Companies
- Others
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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