IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Industrial Biotech

Biomarkers Sector Slated for Rapid Growth

8:37 AM MST | November 21, 2007 | Alex Scott

The market for biomarkers, a sector with applications in drug discovery, clinical trials, and molecular diagnostics, is growing at a CAGR of 18% and will be worth $5.6 billion in full-year 2007, according to a recent study by market research group BCC Research (Wellesley, MA). Biomarker technologies tailored to drug discovery, preclinical studies of drug development, and diagnostics research will together account for 47.9% of the biomarker market in 2007. The value of the biomarker discovery technologies market is projected to grow at a CAGR of 16.9% and is...

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