Latin America cancer biomarkers market is growing at a CAGR of around 11.1% during the forecast period. The significant increase in prevalence of cancer is the major factor behind fueling the Latin America cancer biomarker market. Change in life style, vulnerability to various infectious disease, lack of awareness about the disease and lack of infrastructure are the major reason attributed for the prevalence of cancer.
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The key driving factors for the growth of the Latin America cancer biomarker market include rise in the number of cancer cases. Due to rise in the number of cases, there has been an increasing demand for highly effective chemotherapeutic agents which in turn drives the market. In Latin America, the estimates show there will 72% rise in incidence of cancer in men and 62% in women by 2030. The major cause behind the malignant disease is living more sedentary lifestyle, smoking, and consumption of unhealthy food in Latin America. The prevalence of prostate cancer is highest, and it has increased significantly from 477,000 to 540,402, with 3 years from 2014-2016. Prostate cancer leads to highest deaths in the region. Breast cancer follows the former type, it is attributable for second largest amount of death due to cancer, the prevalence rate has also increased in the same pace. The other types of cancer have prevailed but not significantly in past few years.
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Latin America Cancer Biomarker Market Segmentation
By Biomarker Type
- Genetic Biomarker
- Protein Biomarker
By Cancer Type
- Lung Cancer
- Prostate Cancer
- Breast Cancer
- Colorectal Cancer
- Cervical Cancer
- Other
By Applications
- Drug Discovery and Development
- Diagnosis
- Risk Assessment
- Prognostics
By Profiling Technology
- Omics Technology
- Immunoassays
- Cytogenetics
- Bioinformatics
Company Profiles
- Abbott Laboratories Inc.
- Astellas Pharma Inc.
- Becton, Dickson and Co.
- Bio-Rad Laboratories, Inc.
- Danaher Corp.
- F. Hoffmann-La Roche Ltd.
- Merck and Co., Inc.
- Novartis AG
- Pfizer Inc.
- QIAGEN GmbH
- Thermo Fisher Scientific Inc.
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