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Biotechnology: Biomarkers Market Slated for Rapid Growth
9:40 AM MST | November 12, 2007 | Alex Scott
The global market for biomarkers, a field that includes biomarker discovery, clinical trials and molecular diagnostics, is growing at an average annual growth rate (CAGR) of 18% and will be worth $5.6 billion for full year 2007, according to a study by market research group BCC Research (Wellesley, MA). Biomarker discovery technologies tailored to drug discovery, pre-clinical studies of drug development and diagnostics research applications will account for 47.9% of the total biomarker sales in 2007. The value of biomarker discovery technologies is projected to...
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