Market Snapshot:
Neurological biomarkers assist in inspecting and analyzing neurological diseases since it provides a strong approach for understanding the properties of the neurological disease with numerous applications in randomized clinical trials analytic epidemiology, prognosis, and screening & diagnosis. Over the past few decades, unhealthier and unfavorable lifestyles have led to an increasing prevalence of neurological disorders across the global population. Careful assessment of the validity of biomarkers is required with respect to the stage of the disease. Causes of variability in the measurement of biomarkers range from the individual to the laboratory.The research analyst at AMA estimates Neurological Biomarker market to grow at a compounded annual growth rate of 9.91%
Segment Analysis
AMA Research have segmented the market of Global Neurological Biomarker market by Type, Application and Region. On the basis of Type, Genomics Biomarkers are dominating the market in the year 2020
On the basis of geography, the market of Neurological 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). North Amercia region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Upsurging Technological Advancements in Molecular Biology and Laboratory Technology and Rising Prevalence of Alzheimers and Parkinsons Diseases
Market Drivers
Assists in Inspecting and Analysing Neurological Diseases and Increasing Neurological Disorders across the Global Population
Opportunities
Increasing Preferences Towards Customized and Personalised Medicines Across the Globe and Robustly Growing Healthcare Infrastructure from Emerging Economies
Restraints
- Lack of Awareness about the Neurological Biomarker from Underdeveloped Economies
- Comparatively Expensive Solutions and Prone to Laboratory Errors might Stagnate the Demand
In addition to the aforementioned factor, Assists in Inspecting and Analysing Neurological Diseases
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are Abbott Laboratories (United States), Myriad RBM Inc. (United States), Proteome Sciences (United Kingdom), Thermo Fisher Scientific (United States), Athena Diagnostics (India), Immunarray Pvt Ltd (Israel), Quanterix Corporation (United States), Diagenic ASA (Norway), Psynova Neurotech Ltd (United Kingdom) and Bio-Rad Laboratories, Inc. (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.