Neurological Biomarkers Market |(CAGR) of 13.6%| Size, 2023- Analysis, Share, Key Players, Growth Drivers, Trends 2031

The global neurological biomarkers market revenue was around US$ 5.7 billion in 2021 and is estimated to reach US$ 19.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 13.6% during the forecast period from 2022 to 2031.

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Biomarkers are biological indicators that track the state of the body. It serves as a prompt for a therapeutic intervention to identify pathogenic and normal biological processes. These biomarkers can also be utilized in conjunction to determine a person's illness condition. Biobanks have become more prevalent, which has assisted in meeting unfulfilled requirements in neuroscience, oncology, and cardiovascular disease.

Factors Influencing Market Growth

Increase in the prevalence of neurological disorders such as Huntington's disease, Parkinson's disease, schizophrenia, and others. Thus, it is anticipated to drive the market growth.

Technical improvements, the introduction of several products, and leading players' collaboration, acquisition, and agreement tactics propel the market expansion.

The prevalence of multiple sclerosis, Parkinson's disease, and Alzheimer's disease is expected to rise in North America, creating lucrative market opportunities for the key players.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a positive impact on the market. The constant rise in neurological illnesses like Parkinson's and Alzheimer's disease is projected to raise the demand for neurological biomarkers. The FDA's clearance of a variety of biomarkers as well as the numerous businesses' products in development is anticipated to contribute to the market's expansion.

Regional Insights

North America dominated the market This is attributed due to an increase in incidences of cancer in various organs, a strong healthcare infrastructure, the presence of significant competitors, and an increase in healthcare spending in this region. Furthermore, the increase in American studies suggests a decrease in the age-specific risk of Alzheimer's disease and other dementias in the United States and other high-income Western nations over the previous 25 years. As a result of the rising demand for biomarkers for diagnosis, an increase in Parkinson's disease in males aged 70 and older is anticipated to support market expansion in this region.

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Leading Competitors

The leading competitors in the global neurological biomarkers market are:
Merck KGaA
Darmstadt
Bio-Rad Laboratories Inc
Neurobio
Shimadzu Corporation
Quanterix
F. Hoffmann-La Roche Ltd
BioMerieux
PerkinElmer Inc
Thermo Fisher Scientific, Inc
Myriad Rbm (Myriad Genetics, Inc)
Others
Segmentation Analysis
The global neurological biomarkers market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
Genomic
Proteomic
Metabolomic
Others
Segmentation based on Application
Parkinson's Disease
Alzheimer's Disease
Multiple Sclerosis

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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Table of Content

Chapter 1: Global Neurological Biomarkers Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Neurological Biomarkers market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Neurological Biomarkers Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Neurological Biomarkers market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Neurological Biomarkers market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Neurological Biomarkers market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Neurological Biomarkers market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Neurological Biomarkers business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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This release was published on openPR.