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The global clinical biomarkers market, valued at $25.02 billion in 2023, is projected to reach $47.25 billion by 2031, growing at a CAGR of 8.54%. This growth is driven by rising cancer cases and advancements in diagnostic technologies, despite challenges like high costs and reimbursement issues. Key players include Roche, Abbott, and Johnson & Johnson, with significant developments in biomarker testing for various diseases.
In January 2023, a significant acquisition occurred as Verinata Health, Inc. was purchased for $1.9 billion. The market for preterm birth diagnostic kits features key players like Qiagen and Hologic Inc., with products including ffN and PAMG-1 tests, serving hospitals and diagnostic labs across various global regions. The preterm birth prevention market is projected to grow from $1.70 billion in 2024 to over $4.49 billion by 2034, reflecting a robust CAGR of 10.2%.
The global immunoassay market is projected to grow significantly, driven by advancements in enzyme immunoassays, which held over 58.2% market share in 2022. The infectious disease testing segment is expected to expand at a CAGR of 5.6%, fueled by rising global incidences of diseases like HIV and hepatitis. North America leads the market with over 36.2% of revenues, supported by advanced healthcare infrastructure and a high prevalence of chronic diseases.
Bio-Rad Laboratories, Inc. focuses on developing, manufacturing, and marketing products for life science research, clinical diagnostics, and analytical chemistry. Its net sales are primarily derived from clinical diagnostic tests (55.8%) and biological research reagents and instruments (44.1%). The company operates 16 production sites globally, with significant sales in the United States (42%), Europe (30.7%), and Asia (21.1%).
Bio-Rad Laboratories, Inc. focuses on developing, manufacturing, and marketing products for life science research, clinical diagnostics, and analytical chemistry. Its net sales are primarily derived from clinical diagnostic tests (55.8%) and biological research reagents and instruments (44.1%). The company operates 16 production sites globally, with significant sales in the United States (42%), Europe (30.7%), and Asia (21.1%).
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