Oncology Biomarker Market Accelerates Toward USD 113.5 Billion By 2034
| Table | Scope | |
| Market Size in 2025 | USD 38.62 Billion | |
| Projected Market Size in 2034 | USD 113.54 Billion | |
| CAGR (2025 - 2034) | 12.73 | % |
| Leading Region | North America by 35% | |
| Market Segmentation | By Biomarker Type, By Application, By Cancer Type, By End-User, By Region | |
| Top Key Players | F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., bioMérieux SA, Merck & Co., Inc., Hologic, Inc., Sino Biological Inc., Myriad Genetics, Inc., Caris Life Sciences, Guardant Health, Foundation Medicine, Inc., Exact Sciences Corporation, NeoGenomics Laboratories, Inc., Adaptive Biotechnologies Corporation, 23andMe, Inc., Quest Diagnostics Incorporated |
Latest Launched Oncology Biomarker Platforms
Major Growth Drivers:
| Company | Platform | Application | Source |
| Bangkok Dusit Medical Services Public Company Limited (BDMS) | BDMS SPOT-MAS | Detects early-stage cancer cells of ten major cancer types - ovarian, breast, gastric, lung, head, liver, neck, oesophageal, pancreatic, colorectal, and endometrial cancers | BDMS Launches SPOT-MAS Early Cancer Screening Programme |
| Ataraxis AI and MEDSIR | Integrated artificial intelligence into multiple major international trials | Identify biomarkers and optimize treatment | MEDSIR and Ataraxis AI Launch Research Collaboration to Evaluate AI-Powered Platform as a Predictive Tool in Breast Cancer Randomized Clinical Trials |
| Exact Sciences Corp. | CancerguardTM test | Analyze multiple biomarker classes and detect a wide range of cancers | Exact Sciences Launches CancerguardTM, First-of-Its-Kind Mul... |
| Biodesix and Association of Pulmonary Advanced Practice Providers (APAPP) | CME-accredited educational programs focused on diagnostic biomarkers in Lung Nodule and Lung Cancer patient programs | Address the critical need for improved lung cancer detection | Biodesix Launches First-Ever Lung Cancer Biomarker Education Program for APPs | BDSX Stock News |
| Metropolis Healthcare | TruHealth Cancer Screen 360 | Integrated Cancer Screening Panel | Metropolis Healthcare launches TruHealth cancer screen 360 to strengthen preventive oncology in India - Express Healthcare |
| Akoya Biosciences and Enable Medicine | Enable Pan-Cancer Atlas | Filter and analyze data by biomarker expression, clinical metadata, and tissue type | Breakthrough 100M-Cell Cancer Atlas Launches for Biomarker Discovery | AKYA Stock News |
| LuNGS Alliance | Free Lung NGS (Next Generation Sequencing) biomarker testing | To drive awareness about precision oncology as an essential, accessible, and affordable treatment plan for lung cancer treatment | LuNGS Alliance launches free lung NGS biomarker testing for lung cancer patients in India - Express Pharma |
What are the important qualities incentivizing the growth of the oncology biomarker market?
- Growth of Precision Oncology and Targeted Therapies: The oncology biomarker market is being significantly impacted by the transition away from a "one-size-fits-all" approach to cancer therapies towards precision medicine. Biomarkers can define which patients will benefit from certain targeted therapies, leading to increased efficacy and a reduced side effect profile. Technological Advances: New advancements in technologies such as next-generation sequencing Rising Investment in Research & Development: Public and private funding for research and development are growing, enabling more biomarker discovery and progress for biomarker programs. Pharmaceutical and biotech companies are partnering with academic institutions Approval Incentives and Reimbursement: Governments and regulators are recognizing the value of biomarker-based diagnostics as utilities. Incentives and favorable reimbursement for biomarker diagnostics (e.g., companion diagnostics) are creating a push for more adoption. Increase in Cancer Incidence Around the World: The global incidences of cancer continue to rise due to multiple factors including aging populations, lifestyle factors, and better detection methods, which create a higher necessity for more diagnostic and prognostic biomarkers in order to differentiate and manage disease better.
Key Drifts:
What Are the Trends Shaping the Oncology Biomarker Market?
- Liquid Biopsy and Non-Invasive Testing: Liquid biopsy is becoming a more common minimally invasive method Integration of AI & Big Data Analytics: Artificial intelligence and machine learning are now being applied to large biomarker data sets to identify new signatures, predict patient response, and accelerate drug-biomarker co-development. Multi-Omics Approaches: Multi-omics approaches that integrate genomic, proteomic Companion Diagnostics Expansion: Moreover, an increasing number of companion diagnostics are being approved by the FDA and EMA, which can then be used to stratify patients and personalize treatment plans, especially with the increasing number of targeted therapies available for the treatment of cancer. Public-Private Collaborations & Data Sharing: Public-private collaborations to build national and international genomic databases
Significant Challenge:
A key challenge in the oncology biomarker space is the regulatory burden and the expense associated with clinical validation. When validating a marker for clinical use, particularly as a companion diagnostic, there is a need for large, well-designed trials, analytical validation and regulatory approval, all of which is highly time-consuming and costly, particularly when integrating biomarker discovery in genomics, proteomics and multiple-omics platforms Get the latest insights on life science industry segmentation with our Annual Membership:Regional Analysis:
North America continues to lead in the oncology biomarker industry, mainly due to the region's well-established healthcare framework, active research ecosystem, and favorable regulatory environment. The U.S. is ahead of its North American peers as a result of broad adoption of next-generation sequencing, advanced molecular diagnostics in the oncology centers biobanksEurope is becoming the fastest growing region in the oncology biomarker category. The In Vitro Diagnostic Regulation (IVDR) will improve harmonization of biomarker assays and drive standardization throughout member states. Various European countries (including Germany, the UK, France and the Netherlands) are expanding previous national genomics programs and establishing cross-border collaborations to facilitate sharing of information and validating biomarkers. Furthermore, the the Health Data Space initiative will support cross-border exchange of genomic data, which will enhance clinical validation. Regulatory support and co-development of biomarker/drug submissions with the European Medicines Agency (EMA) are also helping companies to more quickly introduce companion diagnostics on the market.
Segmental Insights:
By Biomarker Type:
Genomic biomarkers, which include DNA mutations, gene fusions, and copy-number variations, remain essential to precision oncology strategiesThere will also be rapid growth in proteomic biomarkers that reflect expression level, phosphorylation status, and pathways of signaling. Furthermore, as proteomics platforms (mass spectrometry, multiplex immunoassays, etc.) achieve higher levels of sensitivity and scale, they provide a dynamic measure of treatment response and mechanisms of resistance. Such unique measures of real-time tumor behavior make proteomics valuable for prognostic and predictive potential.
By Application Type:
Diagnostic testing currently leads the oncology biomarker market. This may include genomic panels, immunohistochemistry, and liquid biopsy that can be applied to both diagnose cancer early or stratify patients for treatment. Diagnostic biomarkers are primary in directing therapy selection and informing the clinician as to which treatment instructed toward a targeted therapy, if possible.
Prognostic biomarker testing is poised for rapid growth as clinicians are increasingly interested in predicting disease progression, recurrence risk, and, ultimately patient survival. Emerging biomarkers (genomic, proteomic, transcriptomic) are being further validated to stratify patients into high- or low-risk categories to inform follow-up and adjuvant therapy and surveillance.
By Cancer Type:
Breast cancer represents a large share of the oncology biomarker market, primarily thanks to well-defined biomarkers ER, PR, HER2 status, and PIK3CA mutations. There are many companion diagnostics for biomarkers associated with targeted therapies, including PI3K inhibitors. The prevalence of breast cancer and biomarker-directed therapies make it by far the largest share.
Lung cancer biomarker adoption is happening quickly as new therapies, including targeted therapies and immunotherapies, become available. Biomarkers, including EGFR, ALK, ROS1, among others, are being adopted rapidly. Emerging biomarkers, tumor mutational burden (TMB) and circulating tumor DNA, also contribute to lung cancer biomarker adoption. The high unmet need, combined with frequent testing and monitoring needs, leads lung cancer to be one of the fastest growing segments in the oncology biomarker market.
By End User:
Hospitals and diagnostic laboratories are the leading end-user segment in the market since these are primary sites of in vitro diagnostics
Research and academic institutes are set to see the fastest growth across end users, as they represent the driving force for biomarker discovery, validation, and clinical translation. Research and academic institutes are also involved in translational research, early-phase clinical trials, and biobank activities. Coupled with partnerships with biotech and pharmaceutical companiesOncology Biomarker Market Value Chain Analysis
R&D
To discover, integrate, and validate new biomarkers for effective personalized cancer detection and treatment with the use of advanced multi-omics technologies, AI, and liquid biopsies are the main focus of the R&D of oncology biomarkers.
Key Players: F. Hoffmann-La Roche Ltd., Illumina, Inc., Thermo Fisher Scientific Inc., Abbott Laboratories, QIAGEN N.V.
Clinical Trials and Regulatory Approvals
The clinical trials and regulatory approval of oncology biomarkers consist of the validation of their ability to predict patient response to targeted therapies, along with the drug safety and effective use of the companion diagnostic devices.
Key Players: F. Hoffmann-La Roche Ltd., Illumina, Inc., Thermo Fisher Scientific Inc., Guardant Health, QIAGEN N.V.
Patient Support and Services
The patient support and services of oncology biomarkers involve access to advocacy groups for emotional and practical guidance, comprehensive education, and counseling to help patients understand results and implications for treatment, and financial assistance to cover the testing and treatment costs.
Key Players: F. Hoffmann-La Roche Ltd., Illumina, Inc., Thermo Fisher Scientific Inc., Guardant Health, QIAGEN N.V.
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Recent Developments:
In February 2025, Acrivon Therapeutics' OncoSignature assay, developed using its AP3 proteomics platform, was granted Breakthrough Device status by the FDA for identifying endometrial cancer patients likely to benefit from its CHK1/2 inhibitor ACR-368.
Oncology Biomarker Market Key Players List:
- F. Hoffmann-La Roche Ltd. Thermo Fisher Scientific Inc. bioMérieux SA Merck & Co., Inc. Hologic, Inc. Sino Biological Inc. Myriad Genetics, Inc. Caris Life Sciences Guardant Health Foundation Medicine, Inc. Exact Sciences Corporation NeoGenomics Laboratories, Inc. Adaptive Biotechnologies Corporation 23andMe, Inc. Quest Diagnostics Incorporated
Segments Covered in the Report
By Biomarker Type
- Genomic Biomarkers Proteomic Biomarkers Immunohistochemical Biomarkers Metabolomic Biomarkers Other Biomarkers
By Application
- Diagnostic Testing Prognostic Testing Predictive Testing Monitoring and Surveillance Others
By Cancer Type
- Breast Cancer Lung Cancer Colorectal Cancer Prostate Cancer Liver Cancer Other Cancers
By End-User
- Hospitals and Diagnostic Laboratories Research and Academic Institutes Pharmaceutical and Biotechnology Companies Others
By Region
- North America
- U.S. Canada
- China Japan India South Korea Thailand
- Germany UK France Italy Spain Sweden Denmark Norway
- Brazil Mexico Argentina
- South Africa UAE Saudi Arabia Kuwait
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