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Neurological Biomarkers Market

Neurological Biomarkers Market was valued USD 8.57 Billion in 2023 and projected to reach USD 20.42 Billion by 2032, growing at a CAGR of 14.21 % during the forecast period of 2024-2032 - published by MarketDigits
Published 12 November 2024

According to a research report "Neurological Biomarkers Market, by Type (Genomics, Proteomic, Metabolomic, Imaging, Others), Application (Alzheimer's Disease, Parkinson's Disease, Multiple Sclerosis, Autism Spectrum Disorder and Others), End-User (Hospital & Hospital Laboratories, Independent clinical diagnostic centers, Research Organizations and Others), & Region.The market report offers quantitative and qualitative insights into the key drivers, opportunities, constraints, and challenges impacting global neurological biomarkers market growth.

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  • 180 - Market Data Tables 
  • 76 - List of Figures
  • 230 - Pages

Market Overview: The neurological biomarkers market is experiencing significant growth due to the increasing need for precise diagnostic tools and therapies for neurological disorders such as Alzheimer’s disease, Parkinson’s disease, and multiple sclerosis. These biomarkers play a crucial role in understanding disease mechanisms, improving early detection, and tailoring personalized treatment plans. Advances in technologies such as genomics, proteomics, and neuroimaging have facilitated the discovery and validation of new biomarkers, driving progress in neurological research and clinical practice. Several factors are contributing to the expansion of the neurological biomarkers market. The rising prevalence of neurological disorders, fueled by an aging population and lifestyle factors, is creating a growing demand for effective diagnostic and therapeutic solutions. Additionally, increased investment in research and development by both public and private sectors is accelerating the discovery of novel biomarkers. Innovations in next-generation sequencing, imaging technologies, and data analytics are also playing a key role in advancing the field and improving the accuracy of disease diagnosis and monitoring. Regionally, North America holds a dominant position in the neurological biomarkers market due to its advanced healthcare infrastructure, high levels of research funding, and strong presence of leading biotechnology and pharmaceutical companies. However, the market is also witnessing rapid growth in the Asia-Pacific and European regions. In Asia-Pacific, improving healthcare systems and rising awareness about neurological diseases are driving market expansion. In Europe, increased research activities and collaboration among academic institutions and industry players are contributing to market growth. The competitive landscape of the neurological biomarkers market features a diverse mix of established companies, emerging startups, and academic research institutions. Key players are focusing on developing and commercializing innovative biomarkers and diagnostic tools to address unmet needs in neurological healthcare.

Market Dynamics

Drivers:

  • Rising incidence of neurological disorders
  • Advanced in proteomics and genomics technologies
  • Growing development of blood-based biomarkers (BBBMs) for diagnosing AD

Opportunities:

  • Biomarker discovery for rare neurological disorder
  • Development of advanced assays
  • Government initiatives and investments in healthcare

North America dominates the Neurological Biomarkers Market:

North America currently leads the neurological biomarkers market, thanks to its well-established healthcare infrastructure, substantial research investments, and high levels of technology adoption. The region boasts top medical institutions and biotech companies that drive innovation in neurological diagnostics and treatments. With a strong presence of key industry players and significant funding for research and development, North America is at the forefront of developing and implementing advanced biomarkers for diagnosing and managing neurological disorders. Meanwhile, the Asia-Pacific region is rapidly emerging as a significant growth market for neurological biomarkers. This growth is fueled by expanding healthcare infrastructure, increased investment in research, and a rising prevalence of neurological conditions. Countries like China, Japan, and India are making notable progress in adopting advanced biomarker technologies. The region's growing emphasis on enhancing healthcare quality and accessibility is driving demand for innovative diagnostic tools and treatments, contributing to its expanding market presence. While North America maintains its leadership role in the neurological biomarkers market, the burgeoning growth in Asia-Pacific highlights a shifting global landscape. The region's increased focus on healthcare innovation and rising investments are propelling its market expansion. This dynamic reflects a global market where North America remains dominant, while Asia-Pacific gains prominence as a key region with substantial growth potential in neurological biomarkers.

Top key players covered in the report:

  • Thermo Fisher Scientific Inc.
  • Myriad Genetics, Inc.
  • QIAGEN N.V.
  • Bio-Rad Laboratories, Inc.
  • Merck KGaA
  • F. Hoffmann-La Roche Ltd
  • Siemens Healthineers AG
  • Johnson & Johnson
  • Bio-Techne Corporation
  • Alector Inc.
  • Banyan Biomarkers, Inc.
  • Charles River Laboratories International, Inc.
  • Cisbio
  • C2N Diagnostics
  • ImmunArray
  • Noldus Information Technology
  • Euroimmun AG
  • Cerebrospinal Fluid Diagnostics
  • EKF Diagnostics Holdings plc

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Segmentations analysis of neurological biomarkers market: -

  • By Type
  • By Application
  • By End-User
  • By Region

Recent Development: In October 2023, C2N Diagnostics unveiled a cutting-edge fluid biomarker for Alzheimer's Disease, aiming to assist researchers in monitoring neurofibrillary "Tau" tangle pathology. This innovative test represents a major stride forward, providing valuable tools to understand and track the progression of Alzheimer's disease by focusing on Tau protein abnormalities.

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