The genomic biomarker market in China is estimated to grow significantly at a CAGR of over 17% during the forecast period. China has emerged as a strong player in the biotechnology sector that results from the huge investments in R&D by the Chinese government. Chinese life science sector has progressively grown in the last years as a result of strong R&D and funding. The Chinese government has invested enormously in the cancer diagnostics making it a prominent region for the biomarker industry. China’s substantial patient populations in urban markets and research capability in genome sequencing have formed substantial opportunities for foreign companies. China has a clear market development priority for the IVD industry in the areas of cancer diagnostics, sequencing-based cancer assays, and companion diagnostics.
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The genomic biomarker market is segmented on the basis of application and end-user. On the basis of application, the market is segmented into oncology, cardiology, neurology, and others. There is a huge scope for the market in the oncology segment due to the increasing prevalence of cancer. On the basis of end-user, the market is segmented into hospitals and diagnostic.
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China Genomic Biomarker Market Segmentation
By Application
- Oncology
- Cardiology
- Neurology
- Others
By End-User
- Hospitals
- Diagnostic & Research Laboratories
Company Profiles
- Becton, Dickson, and Co.
- BGI Group
- Cancer Genetics, Inc.
- Complete Genomics Inc.
- Denovo Biopharma
- Epigenomics AG
- F-Hoffman-La Roche Ltd.
- Ipsos Group
- Novartis AG
- Novogene Corp.
- Pfizer, Inc.
- Thermo Fisher Scientific Inc.
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