Neurological Biomarkers Market - By Application (Alzheimer’s Disease, Parkinson’s Disease, Autism Spectrum Disorders, Multiple Sclerosis, and Others), By Type (Proteomic, Genomic, Imaging, Metabolomic, and Others), By End-User (Independent Clinical Diagnostic Centers, Hospital Laboratories, Research Organizations, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Neurological Biomarkers market, which accrued nearly 6,371.69 (USD Million) in 2019, is set to record the CAGR of 14.5% over the period from 2020 to 2026.

24-Aug-2020 | Number of pages: 110 | Report Code: ZMR-3403 | Report Format : | Status : Published

Abstract

The global Neurological Biomarkers market, which accrued nearly 6,371.69 (USD Million) in 2019, is set to record the CAGR of 14.5% over the period from 2020 to 2026. The report offers assessment and analysis of the Neurological Biomarkers market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Introduction

Neurological biomarkers are utilized for detecting the persons at the risk of having neurological ailments and some of these biomarkers are used for diagnosing the disorder, determine its progress, and estimate the disease result. In therapeutic surroundings, these biomarkers unleash information related to the effectiveness of the medicine for a particular neurological disorder as well as its side-effects. Citing an instance, uric acid is a key biomarker that helps in detecting the growth of Parkinson ailment and the need for the drug development to inhibit the growth. In addition to this, MRI-based biomarkers help in determining intensity of multiple sclerosis, spinal muscular atrophy, retinal neurodegenerative disorder, and acute ischemic strokes.

Market Growth Dynamics

Technological innovations in genomics, metabolomics, and proteomics are predicted to steer the growth of neurological biomarkers industry over the estimated timeframe. Apparently, large-scale occurrence of the neurological ailments due to stressful & hectic work schedule as well as work-life imbalance will drive the market trends. In addition to this, less proportion of effective diagnostics tools available in emerging countries has resulted in rise in the mortality due to neurological diseases, thereby enhancing the need for neurological biomarkers in these countries.

Furthermore, surge in the neurological disorders like Alzheimer, brain tumors, Parkinson, cerebral stroke, and epilepsy will pave a way for the industry growth over the forecasting years. Apparently, favorable government schemes as well as rise in the investment in neurological diagnostics sector has translated into market demand. Rise in the research activities pertaining to neuroscience and huge funding provided by the government agencies to promote neuro-medicine discoveries will embellish the industry expansion in the coming years.

Asia Pacific Market To Accrue Huge Returns Over 2020-2026

Rise in the occurrence of neurological disorders like Alzheimer and Parkinson among the aging population has generated huge demand for the neurological biomarker, thereby spurring the market growth in the region. Apart from this, rise in the awareness pertaining to neurological diseases and a complete overhaul as well as drastic improvisations witnessed in healthcare infrastructure facilities in the countries like China will magnify the market growth in the Asia Pacific zone. Apart from China, countries like South Korea and India are projected to be the major regional revenue drivers over the next couple of years.

Key players influencing the market growth are Bio-Rad Laboratories, Inc., QIAGEN, Alseres Pharmaceuticals, Inc., Abbott, Thermo Fisher Scientific Inc., Acumen Pharmaceuticals, Myriad RBM, Athena Diagnostics; AbaStar MDx, Inc., and BANYAN BIOMARKERS, INC.

The global neurological biomarkers market is segmented as follows:

By application:

  • Multiple Sclerosis
  • Alzheimer’s Disease
  • Parkinson’s Disease
  • Autism Spectrum Disorders
  • Others

By type:

  • Metabolomic
  • Genomic
  • Proteomic
  • Imaging
  • Others

By end-user:

  • Research Organizations
  • Hospital Laboratories
  • Independent Clinical Diagnostic Centers
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Technological innovations in genomics, metabolomics, and proteomics are predicted to steer the growth of neurological biomarkers industry over the estimated timeframe.

The CAGR of the industry is expected to be nearly 14.5% during the forecast timespan.

Asia Pacific region will contribute sizably towards the global market revenue over the estimated timeline.

The key market participants include Bio-Rad Laboratories, Inc., QIAGEN, Alseres Pharmaceuticals, Inc., Abbott, Thermo Fisher Scientific Inc., Acumen Pharmaceuticals, Myriad RBM, Athena Diagnostics; AbaStar MDx, Inc., and BANYAN BIOMARKERS, INC.

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