About Brain Biomarker
Brain biomarkers which are generally the molecules that signify the existence of a disorder or illness in the brain—are becoming more important for verifying diagnosis, selecting the right therapies, and tracking disease progression. According to the National Institutes of Health, a Biomarker is “a characteristic that is objectively measured and evaluated as an indicator of normal biologic processes, pathogenic processes or pharmacologic responses to a therapeutic intervention” A biomarker must be able to detect fundamental features of neuropathology and it also to be validated among confirmed cases. With the increasing investment in brain-related disorders; the demand for brain biomarkers is also increasing.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 12.8% |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advanced Brain Monitoring, Electrical Geodesics (United States), F. Hoffmann-La Roche Ltd (Switzerland), Siemens Healthineers (Germany), GE Healthcare (United States), NeuroVista (United States), Nexus-DX, Qiagen N.V. (Germany), Lifesign LLC. (United States) and BrainScope are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Brain Biomarker market by Type (Biomarker Test Kits and Biomarker Analyzers), Application (Diagnosis, Monitoring, Detect the Patients Response and Other) and Region.
On the basis of geography, the market of Brain Biomarker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Disease, the sub-segment i.e. Alzheimer’s Disease will boost the Brain Biomarker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Brain Biomarker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 2nd July 2020, Magstim, a global leader in TMS, has announced the acquisition of Electrical Geodesics, Inc. (EGI)'s portfolio from Royal Philips, a global leader in health technology. In brain science, EGI develops non-invasive multimodal technologies to monitor brain function and deliver transcranial electrical stimulation. Magstim will purchase EGI's hardware, applications, and sensor network infrastructure, and will take over worldwide distribution, operation, and support immediately. Philips will continue to assist in the process until the end of 2020.
On 20th April 2021, At the American Academy of Neurology's (AAN) annual conference, Advanced Brain Monitoring, Inc. announced the discovery of two novel sleep biomarkers related to neurodegenerative disease. The first biomarker, Non-REM Sleep with Hypertonia, was reported to be significantly higher in patients with Parkinson's disease, while the second biomarker, Atypical Stage N3 Sleep, was found to be significantly higher in patients with dementia caused by synucleinopathies.
Market Drivers
- Need of Brain Biomarkers to Track Brain Health
- Need of Brain Biomarker to Track the Disease Progression in The Brain
- The demand for Brain Biomarkers for Research Purposes
Opportunities
- Growing Medical Investment in Brain Related Diseases Will Increase the Demand of Brain Biomarkers
- Emerging Demand for Brain Biomarkers as They Are Less Biased Than Alternatives
Restraints
- Biomarkers Are Prone to Laboratory Errors
Challenges
- Measurement Errors in Biomarkers Are Challenging to Reduce
- High Cost of Biomarker Development
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Brain Biomarker Providers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.