Neurological Biomarker market forecast to see 13.0 % CAGR to 2027

The proposed Neurological Biomarker market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The neurological biomarker market is expected to reach US$ 14,454.7 million by 2027 from US$ 5,501.8 million in 2019. The market is estimated to grow at a CAGR of 13.0% from 2020 to 2027.

Biomarkers are disease-specific molecular indicators. In early days,the neurological disease biomarkers were not that accessible; however, the advancements in the technology have enabled the measurement of specific biomarkers for tracking the health of the brain. This helps in the early detection of a disease and less invasive diagnostics, and enables faster drug development.The global neurological biomarker market is driven by factors such as the increasing prevalence of neurological diseases and growing focus on neurological biomarker research are expected to propel the growth of the market during the forecast period. However, the concerns associated with biomarker like measurement errors, cost and othershamper the market growth. Additionally, increasing awareness about neurological diseases, coupled with developing healthcare infrastructure, are creating growth opportunities for the market players.

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Furthermore, the Neurological Biomarker market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The structure of the Neurological Biomarker market report can be categorized into following sections:              

Section 1: scope of the report & research methodology

Section 2: key takeaways                                                                   

Section 3: market variables & their impact on growth and analytical tools providing high level insights into the market dynamics and growth pattern

Section 4: market estimates and forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2021 to 2027). Regional and country level estimates and forecasts for each category which are summed up to form the global market.

Section 5: competitive landscape. Attributes such as strategy framework, competitor categorization are included to provide elaborate details on the market structure & strategic undertakings as well as their impact.

Product-BasedInsights

Based on product, the global neurological biomarker market is segmented into proteomics biomarker, genomics biomarker, metabolomics biomarker, imaging biomarker, and others. In 2019, the genomic biomarkers held the largest share of the market, and the market for the same is expected to grow at the fastest CAGR during the forecast period. This lucrative growth of the market for genomic biomarkers is attributed to increasing awareness among consumers regarding the benefits of genetic medicines as well as technological advancements in the field of neurological biomarkers. In addition, the shift in preference toward gene counseling and genetic analysis for diagnostic purposes is also likely to fuel the growth of the segmental market. The genetic biomarkers are significant modalities that directs toward a more personalized approach for predispositions and medical analysis.

Application-Based Insights

The global neurological biomarker market, based on application,is segmented into Alzheimer's disease, Parkinson's disease, schizophrenia, Huntington's disease, spinal muscular atrophy, and others. The Alzheimer's diseasesegment held the greatest share of the market in 2019. Moreover, it is also estimated to register the highest CAGR in the marketduring 2020-2027.

The prominent/emerging players in the Neurological Biomarker market research include:

·         Thermo Fisher Scientific Inc.

·         Abbott

·         Myriad Genetics Inc.

·         Bio-Rad Laboratories Inc.

·         Qiagen Banyan Biomarkers Inc.

·         Immunarray Pvt. Ltd.

·         Quest Diagnostics Incorporated

·         PerkinElmer, Inc.

·         Merck Millipore

The Neurological Biomarker market company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, product portfolio & company overview.

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Company overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title "financial performance" (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (sbus) and others.

Product benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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The Neurological Biomarker market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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The insight partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as semiconductor and electronics, aerospace and defense, automotive and transportation, Neurological Biomarker, healthcare it, manufacturing and construction, medical device, technology, media and telecommunications, chemicals and materials.

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