The global neurological biomarkers market is projected to exhibit strong growth through the forecast period, driven by an increasing global burden of neurological diseases and technological advancements. Proactive government initiatives and steady growth in consumer awareness are likely to promote higher growth in this market.
There exists an unmet market need for early diagnosis of neurological diseases. Neurological biomarkers could provide significant prognostic and predictive value additions to current diagnosis paradigms. Furthermore, rising trend of personalized medicines in neurological treatments is anticipated to positively influence market growth.
Neurological biomarkers could be applied into the following indications: Alzheimer’s disease, Parkinson’s disease, multiple sclerosis, autism spectrum disorders, Huntington’s disease, schizophrenia, and glioma - among others. Some of the most prevalent neurological disorders - such as Alzheimer’s disease and Parkinson’s disease - are progressive neurodegenerative disorders, in an urgent need of early & accurate diagnosis.
Neurological biomarkers could belong to genomic, proteomic, metabolomic, and imaging types. Technological advancements have made it possible to diagnose and treat neurological diseases in a more personalized manner based on an individual’s genetic predisposition and variations. Techniques - such as single nucleotide polymorphism, comparative genome hybridizations, and gene profiling - are forecasted to be significant revenue generators for genomic neurologic biomarkers.
Geographically, the market has been divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Some of the major players in the global neurological biomarkers market include Abbott; QIAGEN; Myriad RBM; Thermo Fisher Scientific, Inc; Athena Diagnostics; Bio-Rad Laboratories Inc; AbaStar MDX, Inc.; Acumen Pharmaceuticals; BANYAN BIOMARKERS, INC.; and Alseres Pharmaceuticals, Inc. - among others.
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