The North American diagnostic biomarker market is estimated to grow significantly at a CAGR of over 13% during the forecast period. Factors that are contributing significantly in the market growth include the presence of well-developed healthcare infrastructure, increasing healthcare R&D investments, high healthcare expenditure and others. Moreover, the market growth is attributed to the rising prevalence of cancer, CVDs, and chronic diseases. The rising number of cancer patients is considered to be one of the major factors that are driving the growth of the market in the North American region.
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North America is one of the strongest economies globally, comprising around 23.3% of the world economy as per the International Monetary Fund in 2017. According to data from OECD, in 2016 the US spent almost 17.2% of GDP on healthcare expenditure, whereas Canada spent 10.6% of GDP on healthcare. Accordingly, the healthcare expenditure rate of the US is more than that of Canada, as the US government invests more in R&D. Furthermore, socio-economic factors such as health, income, population base creates more business opportunity in the US as compared to Canada.
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Market Segmentation
North American Diagnostic Biomarker Market by Diagnostic Technique
- ELISA
- Colorimetric Assay
- Liquid Chromatography-Mass Spectrometry
- Particle-Enhanced Turbidimetric Immunoassay
- Others
North American Diagnostic Biomarker Market by Application
- Oncology
- Cardiology
- Neurology
- Nephrology
- Others
Regional Analysis
- United States
- Canada
Company Profiles
- Abbott Laboratories Inc.
- Acumen Pharmaceuticals, Inc.
- Agilent Technologies, Inc.
- Astute Medical, Inc.
- Banyan Biomarkers, Inc.
- Beckman Coulter Inc.
- Becton, Dickson and Co.
- Biodesix, Inc.
- Bio-Rad Laboratories, Inc.
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