Genomic Biomarker Market Is Estimated To Witness High Growth Owing To Increasing Adoption of Personalized Medicine and Growing Cancer Research Activities
Genomic Biomarker Market The global Genomic Biomarker Market is estimated to be valued at US$ 4,396.6 million in 2021 and is expected to exhibit a CAGR of 9.5% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights. Market Overview: Genomic biomarkers are DNA sequences that are associated with specific diseases or conditions. They play a crucial role in personalized medicine by helping healthcare professionals to tailor treatment plans for individual patients based on their genetic makeup. Genomic biomarkers have applications in various fields such as cancer research, diagnostics, drug discovery, and development of companion diagnostics. Market Dynamics: 1. Driver 1: Increasing Adoption of Personalized Medicine Personalized medicine is gaining prominence as it offers targeted therapies and treatments that are tailored to individual patients based on their genomic biomarkers. It allows healthcare providers to identify the most eff...