North American Genomic Biomarker Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2025

The North American genomic biomarker market is estimated to grow significantly at a CAGR of over 15% during the forecast period. Factors that are contributing significantly in the market growth include the presence of well-developed healthcare infrastructure, increasing healthcare R&D investments, high healthcare expenditure and others. Moreover, the rising number of cancer patients is considered to be one of the major factors that are driving the growth of the genomic biomarkers market in the North America region. 

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North America is one of the strongest economies globally, comprising around 23.3% of the world economy as per the International Monetary Fund in 2017. According to data from OECD, in 2016 the US spent almost 17.2% of GDP on healthcare expenditure, whereas Canada spent 10.6% of GDP on healthcare. Accordingly, the healthcare expenditure rate of the US is more than that of Canada, as the US government invests more in R&D. Furthermore, socio-economic factors such as health, income, population base creates more business opportunity in the US as compared to Canada. Canada has a considerable market for genomic biomarkers owing to the significant number of patients suffering from cardiac diseases such as CVD, CHD, Stroke, hypertension and other heart diseases. Canada contributes significantly to the genomic biomarkers market due to huge investment in healthcare, R&D, and the adoption of innovative technologies in the healthcare domain.

The North American genomic biomarker market is segmented on the basis of application and end-user. On the basis of application, the market is segmented into oncology, cardiology, neurology, and others. There is a huge scope for the market in the oncology segment due to the increasing prevalence of cancer. A genomic biomarker can detect various types of diseases. However, most of the research institutes are majorly focused on oncology diagnosis and therapeutics. The genomic biomarker is widely used for the diagnosis of various types of cancer across the globe. On the basis of end-user, the market is segmented into hospitals and diagnostic.

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North American Genomic Biomarker Market Segmentation

By Application

·        Oncology

·        Cardiology

·        Neurology

·        Others

By End-User

·        Hospitals

·        Diagnostic & Research Laboratories

Regional Analysis

·        United States

·        Canada

Company Profiles

·        Abbott Laboratories Inc.

·        Agilent Technologies, Inc.

·        Banyan Biomarkers, Inc.

·        Beckman Coulter Inc.

·        Becton, Dickson and Co.

·        Bio-Rad Laboratories, Inc.

·        Celgene Corp.

·        Cofactor Genomics, Inc.

·        Empire Genomics, LLC

·        Enzo Life Sciences, Inc.

·        Foundation Medicine, Inc.

·        Genomic Health, Inc.

·        Hologic, Inc.

·        Human Longevity, Inc.

·        Illumina, Inc.

·        Insight Genetics, Inc.

·        Inova Diagnostics, Inc.

·        Luminex Corp.

·        Myriad Genetics, Inc.

·        NanoString Technologies, Inc.

·        NeoGenomics, Inc.

·        OriGene Technologies, Inc.

·        Pacific Biomarker Inc.

·        Pfizer, Inc.

·        Pliant Therapeutics, Inc.

·        Quest Diagnostics Inc.

·        Response Biomedical Corp.

·        Signosis Inc.

·        Thermo Fisher Scientific Inc.

·        Verge Genomics Inc.

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