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Evolving Market Trends In The Neurological Biomarkers Industry: Strategic Collaborations Drive Innovation In Neurological Biomarkers Market
Neurological Biomarkers
What Is the Expected Neurological Biomarkers Market Size During the Forecast Period?
In recent times, the neurological biomarkers market has seen a quick expansion. The market, which was valued at $10.7 billion in 2024, will escalate to $11.96 billion in 2025, with a compound annual growth rate (CAGR) of 11.7%. The expansion during the historic period can be ascribed to various factors such as the rising incidence of neurological disorders, an aging population, the need for drug development, increased resources for neurological research, and the advent of personalized medicine.
Anticipations are high for a swift expansion in the neurological biomarkers market over the coming years, with projections forecasting a growth to $19.96 billion by 2029, indicating a compound annual growth rate (CAGR) of 13.7%. The predicted growth across this period mainly ties back to factors such as early detection through biomarkers, the use of biosensors and wearable devices, global health initiatives, and a patient-focused approach. The significant trends seen in the forecast period are expected to be led by technological improvements in imaging, rapid progress in omics technologies, the use of artificial intelligence (AI), real-world evidence for biomarker validation, advancements in diagnostic technologies and collaborations between the industry and research institutions.
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What Are the High-Growth Segments in the Neurological Biomarkers Market?
The neurological biomarkers market covered in this report is segmented -
1) By Product: Proteomics Biomarker, Genomics Biomarker, Metabolomics Biomarker, Imaging Biomarker, Other Products
2) By Application: Alzheimer's Disease, Parkinson's Disease, Huntington's Disease, Schizophrenia, Depression, Multiple Sclerosis, Spinal Muscular Atrophy
3) By End-User: Hospital Laboratories, Clinical Diagnostic Centers, Research Organizations, Other End-Users
Subsegments:
1) By Proteomics Biomarker: Protein Biomarkers, Antibody Biomarkers
2) By Genomics Biomarker: DNA Biomarkers, RNA Biomarkers
3) By Metabolomics Biomarker: Metabolite Biomarkers, Lipid Biomarkers
4) By Imaging Biomarker: MRI Biomarkers, PET Scan Biomarkers
5) By Other Products: Neuroinflammatory Biomarkers, Neurotransmitter Biomarkers
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What Key Drivers Are Expected to Influence Future Neurological Biomarkers Market Growth?
The growth of the neurological biomarker market is predicted to be fueled by the rising prevalence of neurological disorders. These diseases impact the brain, spinal cord, and other nerve systems in the body. Parkinson's disease, a type of neurodegenerative disorder, affects the neurological system and parts of the body controlled by nerves. Neurological biomarkers are instrumental in the early detection of Parkinson's disease through pathological, biochemical, and genetic assessments. For example, the Parkinson's Foundation, a nonprofit organization based in the US, reported that new cases of Parkinson's disease rose to 90,000 in 2022, a substantial increase from the 60,000 annual diagnoses in 2021. Consequently, the surging incidence of neurological diseases is propelling the expansion of the neurological biomarker market.
Which Companies Hold the Largest Share Across Different Neurological Biomarkers Market Segments?
Major companies operating in the neurological biomarkers market include Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Novartis AG, Thermos Fisher Scientific Inc., AstraZeneca Plc, Abbott Laboratories, Boehringer Ingelheim International GmbH, Becton Dickinson and Company, Agilent Technologies Inc., Grifols S.A., Eisai Co. Ltd., PerkinElmer Inc., Illumina Inc., Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Mallinckrodt Plc, Qiagen N.V., Luminex Corporation, Siemens Healthineers, Olink Proteomics, Meso Scale Diagnostics, Quanterix Corp., Fujirebio, Cisbio Bioassays SAS, NeuroVision Imaging, Proteome Sciences Plc, Acumen Pharmaceuticals.
What Trends Are Driving Growth in The Neurological Biomarkers Market?
Dominant players in the neurological biomarkers market are engaging in partnerships to devise new products and fortify their market standing. Collaborations and affiliations in this market vivify innovation, utilize shared skills, and expedite the development and marketing of avant-garde therapies through pooling resources and expertise. For example, in July 2022, NeuroSense Therapeutics Ltd., a company based in Israel that focuses on the development of cures for severe neurodegenerative diseases, established a partnership with NeuraLight, an Israel-based firm specialized in developing precise and responsive biomarkers for neurological conditions. The aim of this partnership is to pinpoint oculometric markers for Amyotrophic Lateral Sclerosis (ALS) utilizing AI (Artificial Intelligence) and ML (Machine Learning). Following NeuraLight's Series A fundraising that amassed $25 million, the collaboration intents to boost the detection and utilization of digital ALS indicators through a concurrent study. This will inaugurate the partnership's initial clinical trial. The collaboration is primarily focused on exploiting oculometric digital markers, which may enable patient categorization and elevate clinical trial success odds.
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What Are the Emerging Geographies for The Neurological Biomarkers Market Growth?
North America was the largest region in the neurological biomarkers market in 2024. The regions covered in the neurological biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neurological Biomarkers Market?
2. What is the CAGR expected in the Neurological Biomarkers Market?
3. What Are the Key Innovations Transforming the Neurological Biomarkers Industry?
4. Which Region Is Leading the Neurological Biomarkers Market?
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