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Description
The Global Neurological Biomarkers Market Size Was Valued At USD 5,564.8 Million In The Year 2018 And Is Anticipated To Grow At A CAGR Of 14.5% Over The Forecast Period.
Market Outline:
Neurological Biomarkers Market: Overview
The global neurological biomarkers market is anticipated to record fast growth with the current neurological disorder conditions all across the world. A huge percentage of people are affected by neurological disorders and consequently causing major disabilities around the world. Because of the increasing cases of neurological disorders, demand for biomarkers is increased for measuring biological states. These biomarkers are also utilized for indication of biological and pathogenic process in terms of healing intervention. They are also used in combination to know the illness state of the person.
Neurological Biomarkers Market – Drivers and Restraints
The global neurological biomarkers market is expected to witness a rapid growth with the prevailing neurological disorder cases all over the world. A major percentage of world population is affected by neurological disorders; this in turn is causing major disabilities globally. Due to the high incidence of neurological disorders, there is the need for biomarkers as biomarkers measure biological states and are used for indication of both pathogenic as well as normal biological process in terms of therapeutic intervention. Biomarkers can also be utilized in combination for accessing the state of the disease of an individual.
Urge in research proposals enables neurological biomarkers market to remain active. Increasing demand for personalized medicine to treat neurological disorders also boom the market growth. Another market driving factor is growing demand for non-invasive diagnostic methods for Parkinson’s and Alzheimer’s. Increasing demand for genomics biomarker will also impel the market growth. On the other hand, strict government rules will hinder the market growth. Emerging legal problems with early identification of Alzheimer’s and Parkinson’s illnesses can also be a restricting factor for the market growth.
Neurological Biomarkers Market Segmentation:
This comprehensive market report has classified the market on the basis of application, type, end use and region.
By Application:
- Parkinson’s Disease
- Multiple Sclerosis
- Alzheimer’s Disease
- Autism Spectrum Disorders
- Others
By Type:
- Metabolomic Biomarkers
- Proteomic Biomarkers
- Genomic Biomarkers
- Imaging Biomarkers
- Others
By End Use:
- Clinical Diagnostic Centers
- Hospital Laboratories
- Research Organizations
- Others
By Region:
- North America
- Canada
- United States
- Asia-Pacific
- Japan
- India
- South Korea
- Indonesia
- China
- Australia
- Others
- Europe
- Germany
- United Kingdom
- Italy
- Russia
- France
- Spain
- Others
- Latin America
- Mexico
- Brazil
- Others
Because of the several remarkable players operating in the North America, this region is anticipated to record a huge market share as compared to other regions. Another crucial reason behind booming the market in this region is several research and development projects are carried out in different areas of this region. Academic universities also got enough fund offered by the government for undertaking research. Asia Pacific comes on second number, which also witnesses the huge market revenue share due to the huge population and growing incidental cases of neurological abnormalities in the region. A few other market growing factors in this region are increasing numbers of aged population and entry of new key players in the market.
Competitive Analysis
This market report focuses on competitive analysis which includes providing information about industry players along with their profiles. Let us have a look at few prominent key players of the neurological biomarkers market:
- Abbott Laboratories
- Myriad Rbm, Inc
- Athena Diagnostics
- Immunarray Pvt. Ltd
- Acumen Pharmaceuticals Inc
- Banyan Biomarkers Inc
Biomarkers are also used for those who are suffering from acute ischemic stroke, subarachnoid hemorrhage, and brain injury and intracerebral hemorrhage. The recovery of the patients is totally depending on their mitigation. In such type of situation, a delay can be there in proper examination of the patients due to the complexities. This situation calls for the use of biomarkers and promotes the biomarkers market.
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