Written by Ashish » Updated on: January 30th, 2025
The global pediatric cancer biomarkers market is witnessing significant growth, driven by advancements in medical research and the increasing prevalence of pediatric cancer cases worldwide. According to Straits Research, the market size was valued at USD 905.79 million in 2024 and is projected to grow from USD 995.76 million in 2025 to USD 1,737.24 million by 2033, registering a compound annual growth rate (CAGR) of 7.2% during the forecast period (2025-2033). This report explores key market trends, driving factors, opportunities, segmentations, and major players shaping the pediatric cancer biomarkers market.
Market Key Trends
The pediatric cancer biomarkers market is marked by rapid advancements in biomarker discovery, precision medicine, and the integration of novel diagnostic tools. Technological innovations, such as next-generation sequencing (NGS) and liquid biopsy techniques, are revolutionizing how pediatric cancers are detected and monitored. Furthermore, rising awareness and government initiatives aimed at improving pediatric cancer care are contributing to market growth.
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Driving Factors
Increased Incidence of Pediatric Cancer: The growing number of pediatric cancer cases globally necessitates advanced diagnostic and treatment options.
Advancements in Precision Medicine: Innovations in personalized medicine and targeted therapies are fostering the adoption of biomarkers for effective diagnosis and treatment.
Government and Non-Governmental Initiatives: Efforts to improve pediatric oncology care and enhance access to diagnostics are accelerating market growth.
Rising Demand for Early Diagnosis: Early detection of cancer significantly improves survival rates, driving demand for biomarker-based diagnostics.
Collaborations and Partnerships: Key players are increasingly collaborating to develop innovative biomarker solutions, thereby expanding the market.
Opportunities
Emerging Markets: Developing regions, with improving healthcare infrastructure and rising awareness, offer untapped opportunities for market growth.
Technological Advancements: Continued innovation in diagnostic tools, including AI and machine learning, provides significant growth potential.
Biomarker Discovery: Ongoing research in identifying novel biomarkers presents new possibilities for pediatric cancer diagnostics.
Precision Diagnostics: Integration of biomarkers into routine diagnostics opens avenues for better clinical outcomes and market expansion.
Pediatric Cancer Biomarkers Market Segmentations
By Indication
Lymphoma
Neuroblastoma
Leukemia
CNS Tumors
Others
By Biomarker
Neuron-Specific Enolase (NSE)
Alpha-Fetoprotein (AFP)
ALK (Anaplastic Lymphoma Receptor Tyrosine Kinase Gene)
CD19, CD20, CD22
Others
By End-User
Hospitals
Oncology Centers
Research Institutions
Diagnostic Laboratories
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List of Key Players in Pediatric Cancer Biomarkers Market
Abbott Laboratories
Agilent Technologies, Inc.
Beckman Coulter, Inc.
bioMérieux SA
Bio-Rad Laboratories, Inc.
Hoffmann-La Roche AG
Myriad Genetics, Inc.
QIAGEN N.V.
Randox Laboratories Limited
RayBiotech Life, Inc.
Thermo Fisher Scientific Inc.
Illumina, Inc.
AstraZeneca PLC
Guardant Health, Inc.
ICON Public Limited Company
Merck Sharp & Dohme Corp.
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Conclusion The pediatric cancer biomarkers market holds immense potential to revolutionize cancer diagnostics and treatment in children. With a robust CAGR of 7.2% forecasted through 2033, the market is poised for remarkable growth, driven by technological advancements, increasing demand for early diagnostics, and supportive government initiatives.
Why Straits Research? Straits Research is committed to providing in-depth and actionable insights into the pediatric cancer biomarkers market. Our reports are meticulously crafted to assist stakeholders in making informed decisions and achieving sustainable growth in this promising sector.
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