Central Nervous System Biomarkers Market Analysis, Trends, Growth, Research And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Central Nervous System Biomarkers Global Market Report 2023 identifies the rise in neurological illnesses as the major driver for the central nervous system biomarkers market's growth in the forecast period. Neurological illnesses, also known as neurological disorders, refer to a broad range of conditions that affect the brain, spinal cord, and nerves throughout the body. These disorders can arise from various causes, including genetic factors, infections, autoimmune responses, degenerative processes, tumors, vascular issues, and traumatic injuries. In neurological disorders, central nervous system (CNS) biomarkers aid clinical diagnosis, determine illness risk or prognosis, assess disease stage, and track treatment response. They play a significant role in understanding these diseases and their ability to be treated.

The global central nervous system biomarkers market is expected to grow from $4.51 billion in 2022 to $5.01 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The central nervous system biomarkers market is expected to reach $7.3 billion in 2027 at a CAGR of 9.9%.

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Major competitors in the central nervous system biomarkers market are F. Hoffmann-La Roche AG, Novartis AG, Siemens Healthineers, Thermo Fisher Scientific Inc, Abbott Laboratories, Merck KGaA, Eurofins Scientific, Charles River Laboratories International Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Axon Neuroscience SE, Alector Inc., Oryzon Genomics S.A., Abastar Mdx Inc., Banyan Biomarkers Inc., Avacta Group PLC, Geno Technology Inc., Anavex Life Sciences Corp., Alseres Pharmaceuticals Inc., Aposense Ltd., Applied Neurosolutions Inc., C2N Diagnostics, Alzheon Inc., DiaGenic ASA, Abiant Inc., Avid Radiopharmaceuticals Inc. , Acumen Pharmaceuticals Inc. , Cassava Sciences Inc., and Denali Therapeutics.

A key trend in the central nervous system biomarkers market includes innovative drug approvals. Major companies operating in the central nervous system biomarkers market are focused on developing innovative drugs and getting approval to strengthen their position in the market. For instance, in January 2022, Denovo Biopharma LLC, a US-based clinical-stage biopharmaceutical company, announced the US Food and Drug Administration's (FDA) approval and authorization of the company's investigational new drug (IND) application of DB104 (liafensine) for the treatment of treatment-resistant depression (TRD). It is the first biomarker-guided global CNS clinical trial for TRD. Additionally, it could help identify patients who are more likely to respond to liafensine, which could lead to more personalized treatment decisions. Liafensine is a novel compound that works by increasing levels of dopamine and norepinephrine in the brain.

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The central nervous system biomarkers market is segmented -
• By Type: Safety Biomarker, Efficacy Biomarker, Validation Biomarker, Other Types

• By Disease: Multiple Sclerosis, Alzheimer's Disease, Parkinson's Disease, Traumatic Brain Injury, Other Diseases

• By Application: Drug Discovery And Development, Personalized Medicines, Disease Risk Assessment, Diagnostics, Other Applications

• By End-Users: Diagnostic Labs, Clinics, Hospitals, Research Centers, Other End-Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the central nervous system biomarkers market.

The Business Research Company's "Global Central Nervous System Biomarkers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Central Nervous System Biomarkers Market Include:
1. Executive Summary
2. Central Nervous System Biomarkers Market Characteristics
3. Central Nervous System Biomarkers Market Trends And Strategies
4. Central Nervous System Biomarkers Market - Macro Economic Scenario
5. Global Central Nervous System Biomarkers Market Size and Growth

……
32. Global Central Nervous System Biomarkers Market Competitive Benchmarking
33. Global Central Nervous System Biomarkers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Central Nervous System Biomarkers Market
35. Central Nervous System Biomarkers Market Future Outlook and Potential Analysis
36. Appendix

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