(EMAILWIRE.COM, December 20, 2017 ) Latin America biomarkers market is expected to reach USD 3.27 billion by 2020 from USD 1.60 billion in 2015, growing at a CAGR of 15.40% during forecast period 2015-2020.

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Biomarkers are described as the biological molecules or genes assist in crucial clinical decisions and diagnosis of health conditions in patients. These are also known as molecular markers or signature molecules and used to analyze the pharmacologic responses, biological & pathological conditions. Biomarkers are found extensively in body fluids and tissues. Biomarkers are helpful in drug discovery & development processes and assessment of disease conditions.

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Growing advancements in the discovery technologies (such as genome sequencing), increasing involvement of public & private organizations to drive pharmaceutical companies & diagnostic biomarkers development, and rising public-private partnerships to promote the biomarkers research are driving the growth of biomarkers market in Latin America. However, high cost for the biomarkers validation and requirement of high investment for the discovery & development of biomarkers in drug development process are restraining the growth of biomarkers market in Latin America.

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Market Segmentation

• Product
o Consumables
o Software
o Services Growth Hormone Therapy

• Type
o Safety Biomarkers
o Efficacy Biomarkers
o Validation Biomarkers

• Application
o Diagnostics Development
o Drug Discovery and Development
o Personalised Medicine
o Disease Risk Assessment
o Other Applications

• Disease Indications
o Cancer
o CardiovascularDisorders
o Neurological Disorders
o Immunological Disorders

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On the basis of geographical areas, Latin America biomarkers market is segmented as Brazil and rest of Latin America.

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The key players in biomarkers market include, Bio-Rad Laboratories (U.S.), Qiagen N.V. (Netherlands), Enzo Biochem (U.S.), PerkinElmer, Inc. (U.S.), Merck & Co, Inc. (U.S.), EKF Diagnostics Holdings plc. (U.S.), Meso Scale Diagnostics, LLC (U.S.), Singulex, Inc. (U.S.), BioSims Technologies (France), Cisbio Bioassays (France), and Signosis, Inc. (U.S.).

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