Central Nervous System Biomarkers Market Grows with Critical Trends, Competitive Landscape, and a Bright Growth Outlook

The new report published by The Business Research Company, titled Central Nervous System Biomarkers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the central nervous system biomarkers market size has grown rapidly in recent years. It will grow from $5.01 billion in 2023 to $5.55 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The central nervous system biomarkers market size is expected to see strong growth in the next few years. It will grow to $8.02 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.

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The Surge In Neurological Illnesses And The Central Nervous System Biomarker Market
The rise in neurological illnesses is expected to propel the growth of the central nervous system biomarker market going forward. 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. For instance, in April 2023, according to the Centers for Disease Control and Prevention, a US-based government agency, Alzheimer's disease affected an estimated 6.7 million Americans aged 65 and older. This number is expected to nearly triple to 14 million by 2060. Moreover, the number of people living with the disease doubles every five years after age 65. Therefore, the rise in neurological illnesses drives the growth of the central nervous system biomarker market.

Innovative Drug Approvals Shape The Central Nervous System Biomarker Landscape
Innovative drug approvals are a key trend gaining popularity in the central nervous system biomarker market. 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.

The central nervous system biomarkers market covered in this report is segmented -

1) By Type: Safety Biomarker, Efficacy Biomarker, Validation Biomarker, Other Types
2) By Disease: Multiple Sclerosis, Alzheimer's Disease, Parkinson's Disease, Traumatic Brain Injury, Other Diseases
3) By Application: Drug Discovery And Development, Personalized Medicines, Disease Risk Assessment, Diagnostics, Other Applications
4) By End-Users: Diagnostic Labs, Clinics, Hospitals, Research Centers, Other End-Users

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Major companies operating in the central nervous system biomarkers market report 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., Denali Therapeutics.

Contents of the report:
1. Executive Summary
2. Central Nervous System Biomarkers Market Report Structure
3. Central Nervous System Biomarkers Market Trends And Strategies
4. Central Nervous System Biomarkers Market - Macro Economic Scenario
5. Central Nervous System Biomarkers Market Size And Growth
…..
27. Central Nervous System Biomarkers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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