Report: Biomarkers market to grow 18.5% by 2018

Friday, October 4, 2013

A biomarker is an identifiable and measurable characteristic that identifies the severity and/or occurrence of a specific disease. It has applications in the discovery and development of novel therapeutic drugs. The global biomarkers market shows a high growth potential and accounts for $17.5 billion in 2013. And it is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.5% from 2013 to 2018, to reach $40.8 billion by 2018, according to a report by RnRMarketResearch.com, an online database of market research reports.

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