Press release
Neurological Biomarker Market Is At A CAGR Of 15.4% During 2022-2032 | Abbott, Thermo Fisher Scientific, Bio-rad Laboratories, Merck
The global Neurological Biomarkers Market was valued at USD 6.8 Billion in 2022 and it is anticipated to grow up to USD 28.6 Billion by 2032, at a CAGR of 15.4% during the forecast period.Neurological Biomarkers is used to protect against the intentional interference of electronic signals. This equipment can be used to protect against radio frequency interference (RFI), electromagnetic interference (EMI), or other types of signal interference. There are a variety of anti-jamming technologies that can be used, depending on the type of interference that is being protected against. For example, RFI jamming can be countered with frequency-hopping spread spectrum (FHSS) technology, while EMI jamming can be countered with pulse-code modulation (PCM) or other digital modulation techniques.
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Market Trends and Drivers
Recent advancements in biomarkers, such as biomarker signatures are making neurological diseases more treatable. This has resulted in noninvasive testing, faster drug development, and early diagnosis. Furthermore, digital biomarkers provide various pharmaceutical companies with contextual and supplemental information to conclude clinical trial decisions. National Institute of Neurological Disorders and Stroke provides funding, such as development grants & cooperative agreements, for researchers conducting studies related to biomarker discovery, analytical validation, & clinical validation.
Major Players in the Global Catamaran Market
The key players in the Neurological Biomarkers Market are Abbott; Thermo Fisher Scientific, Inc.; Bio-Rad Laboratories, Inc.; Merck & Co., Inc.; Johnson & Johnson Services, Inc.; BANYAN BIOMARKERS, INC.; Myriad Genetics, Inc.; DiaGenic ASA; and Quanterixamong others.
COVID-19 Impact
The COVID-19 outbreak has had a significant impact on the market. As employment closures have curtailed import and export activities and closures of diagnostics centers and hospitals. For instance, according to an article titled "Impact of the COVID-19 pandemic on the surveillance, prevention, and control of antimicrobial resistance: a global survey" published in September 2021, there was a reduction in the availability of the nursing, medical, and public health staff for antimicrobial resistance by 71%, 69%, and 64%, respectively. However, with the release COVID-19 restrictions and resumed diagnosis and testing services in industries the studied market is expected to grow over the forecast period. Certain factors propelling the market growth are the rising burden of infectious diseases, technological advancements in microbial identification, increasing food safety concerns, and government initiatives and funding for promoting microbial identification.
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Global Neurological Biomarkers Market Segmentation
By Type
Genomic
Proteomic
Metabolomic
Imaging
Others
By Application
Alzheimer's Disease
Parkinson's Disease
Multiple Sclerosis
Autism Spectrum Disorder
Others
By End-user
Hospital & Hospital Laboratories
Independent Clinical Diagnostic Centers
Research Organizations
Others
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