(EMAILWIRE.COM, October 04, 2018 ) Overview:

In the year 2018, Europe Cancer Biomarkers Market was valued at USD 3.73 Billion. By the year 2023, it is expected to reach USD 6.34 Billion at pace of 11.2% CAGR.

Cancer biomarkers are biological molecules produced by tumor cells or by human tissue in response to cancer, which are then measured and evaluated as indicators of cancer processes in the body. Cancer biomarkers are widely used for the discovery and development of drugs, diagnostics, personalized medicines and therapies. These molecules are usually found in tissues, urine, serum, blood, and other body fluids that indicate an abnormal process or disease.

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Underlying Causes

The growth for Cancer Biomarkers Market is driven due to factors like rising prevalence of cancer such as lung cancer, breast cancer, and other cancer, growing demand for personalized medicine and cancer therapies, increasing healthcare expenditure, and growing cancer awareness among people. In addition, rising government initiatives for the development of novel cancer diagnostic techniques, increasing investments for R&D activities, and advancement of technologies are expected to drive the market growth. However, unfavorable reimbursement policies, limited skilled professionals are expected to hinder the growth rate for Europe Cancer Biomarkers Market during the forecast period.

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Geographic Segmentation:

Based on geography the Europe Cancer Biomarkers Market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. United Kingdom holds the largest market share in the Cancer Biomarkers Market due to increasing incidence of cancer cases.

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Key Players:

Leading companies for Europe Cancer Biomarkers Market are Abbott Laboratories, Agendia Bv, Biocurex Inc, Biomerieux S.A., Biomoda Inc, Astellas Pharma Us Inc, Correlogic Systems Inc, Beckman Coulter Inc, Becton, Dickinson And Company, Clarient Inc, Diadexus Inc, Ambrilia Biopharma, Affymetrix Inc and Aureon Laboratories Inc.

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