Neurological Biomarkers Market Research Insights Forecast 2022-28
The global neurological biomarkers market size was valued at USD 7 billion in 2021 and is poised to grow at a significant CAGR of 12.9% during the forecast period 2022-28. Neurological biomarkers are chemicals found in the blood or cerebral spinal fluid (CSF) that help diagnose and track the evolution of brain illnesses. Genetic mutations, metabolite levels, brain imaging, and changes in protein expression or post-translational modifications are the most common sources of these biomarkers. Neurological biomarkers are frequently utilised in clinical practise during drug development because they identify biological reactions to experimental medications and contribute in the discovery of new targets for therapeutic intervention. Biomarker concentrations are currently being measured by researchers in order to give non-invasive testing, earlier diagnosis, and customized therapies
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With the prevalence of neurological disorders all over the world, the worldwide neurological biomarkers market is predicted to rise rapidly. Neurological illnesses affect a large percentage of the world's population, resulting in widespread disability. Biomarkers are needed because of the increased prevalence of neurological illnesses. Biomarkers monitor biological states and are used to indicate both pathogenic and normal biological processes in terms of therapeutic intervention. Biomarkers can also be used in combination to assess an individual's illness condition. With the increasing number of research projects, the market for neurological biomarkers is expected to remain active. Validating and discovering biomarkers from big populations is in high demand. This strategy is being used in the research process, which increases the likelihood of the neurological biomarkers market growing faster in the coming years.
The global neurological biomarkers market segmentation:
1) By Type: Metabolomic Biomarkers, Proteomic Biomarkers, Genomic Biomarkers, Imaging Biomarkers, Others
2) By Application: Alzheimer’s, Autism Spectrum Disorder and Parkinson’s, Multiple Sclerosis.
3) By End-use: Clinical Diagnostic Centers, Hospital Laboratories, Research Organizations, Others.
Owing to the increased government initiatives for the management of neurological illnesses, North America is likely to have a prominent position in the worldwide neurological biomarkers market over the forecast period. Over the projected period, this is expected to drive the worldwide neurological biomarkers market. The World Health Assembly (WHA) supported the action plan on the public health response to dementia 2017-2025 in 2017 to establish a framework for raising dementia awareness, supporting neuroscience research and innovation, and making dementia therapies more accessible.
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There are several industry players working in the Neurological Biomarkers Market, which include Abbott Laboratories, Myriad Rbm, Inc, Athena Diagnostics, Immunarray Pvt. Ltd, Acumen Pharmaceuticals Inc, Banyan Biomarkers Inc
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