Pd L1 Biomarker Testing Market

Major growth drivers in this segment are rise in prevalence of cancer, constantly growing list of cancer biomarkers, increasing discretionary funding for cancer research, increased medicare coverage for cancer diagnosis and treatment, research in the field of cancer immunotherapy, insurance coverage and reimbursement issues and others are some of the factors boosting the PD-L1 biomarker testing market, drug candidates have been designated as orphan drug to gain accelerated approval and it also allows the company to benefit from a seven year marketing exclusivity, if approved for the particular indication. The FDA undertakes accelerated approval process to bring these therapies to the market faster and make them available for patients in need. According to the Organisation for Economic Co-operation and Development (OECD) statistics, the global biomarkers market for companion diagnostics is was valued at US$ 5.2 Bn in 2012 and is expected to rake US$ 8.4 Bn by 2016 Also, strict regulations, need huge investment of time and money, invest in expensive clinical utility studies, and there is no guarantee that the product will get coverage, and others are some of the factors restraining the market growth

PD-L1 Biomarker Testing Market: Segmentation

The global PD-L1 Biomarker Testing market has been classified on the basis of product type, application, end user and geography.

PD-L1 Biomarker Testing Market: Overview

The PD-L1 Biomarker Testing market is segment based on assay type, disease indication, end-user and geography. Based on the product type, PD-L1 biomarker testing market is segmented on the basis of PD-L1 IHC 22C3 Assay, PD-L1 IHC 28-8 Assay, PD-L1 (SP142) Assay, PD-L1 (SP263) Assay and others. Maximizing market penetration on install base, strategic partnerships to enhance consumer base are some of the factors expected to drive the growth of the market. Based on the disease indication segment, the PD-L1 Biomarker Testing market is sub-segmented on the basis of Non-Small Cell Lung Cancer (NSCLC), Gastric or Gastroesophageal Junction (GEJ) Adenocarcinoma, Bladder Cancer and others. On the basis on end user, the PD-L1 Biomarker Testing market is segmented on the basis of hospital associated laboratory, independent diagnostic laboratories, biotechnology and pharmaceutical companies, cancer research institutes and others

PD-L1 Biomarker Testing Market: Regional Overview

Region wise, the global PD-L1 Biomarker Testing market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is estimated to account for major share due to increased awareness and technological advancements in the U.S., demand for new and advanced diagnostic equipment’s, Kits and others, government initiatives and funding for production of cost-effective monoclonal antibodies in the U.S. Europe is expected to account for second largest market share due to easy approval procedure for diagnostic tests, Significant increase in cancer diagnosis rates in primary care settings in U.K. Germany, France and other European countries. Significant economic development has led to an increase in healthcare availability in Asia Pacific region providing an opportunity for companies to penetrate Asia Pacific regions. Rising investment in cancer research by government is driving market growth, rise in cancer awareness are some if the factors driving growth in Asia Pacific region

PD-L1 Biomarker Testing Market: Key Players

Some of the key players in global PD-L1 Biomarker Testing market are Agilent Technologies, Inc., Eli Lilly and Company, AstraZeneca, Ventana Medical Systems, Inc. Genentech Inc., Bristol-Myers Squibb, Merck & Co., Inc., Pfizer Inc. and others

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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