Neurological Biomarkers Market To 2026 Forecasts By Application, Type, End-Use, And Region

05/mar/2020 12:52:04 Grand View Research Contatta l'autore

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Neurological Biomarkers Market

San Francisco, 5 March 2020: The Report Neurological Biomarkers Market Size, Share & Trends Analysis Report By Application (Alzheimer’s, Parkinson’s, Multiple Sclerosis, Autism Spectrum Disorder), By Type, By End-use, By Region, And Segment Forecasts, 2019 – 2026

The global neurological biomarkers market size is expected to reach USD 16.5 billion by 2026, according to a new report by Grand View Research, Inc. It is estimated to register a CAGR of 14.5% over the forecast period, driven by an increasing prevalence of neurological diseases and emergence of novel diagnostic products.

Neurological biomarkers can be used for diagnostics, drug discovery, or personalized medicines among other applications. These products may be employed in drug development to reduce attrition rates during clinical trials. Some neurological biomarkers can further be used to predict drug failures early in the development process by determining their pharmacological effect on patients, which helps the pharmaceutical company obviate additional costs associated with further clinical trials.

There remains a significant dearth for in-depth knowledge of the pathophysiologies of several neurological disorders, thus resonating with the unmet need for more research and increased funding for the same. Though technological advancements and rising consumer awareness are flag-bearers in this market growth, there remains considerable scope for advanced diagnostics - in terms of precision, specificity, and test time.

The diagnostic landscape in this market is gradually shifting towards genetic testing and counseling. Biomarker signatures are a rising trend in the diagnosis and treatment of neurological diseases. This has resulted in non-invasive testing, faster drug development, and early diagnosis of abnormalities/diseases. Furthermore, digital biomarkers provide various pharmaceutical companies with contextual and supplemental information to conclude clinical trial decisions. For instance, IXICO plc is collaborating with biopharmaceutical companies to validate clinically digital biomarkers and use them in clinical trials.

Proactive initiatives by public and private organizations to heighten consumer awareness is a key driver of the neurological biomarkers market. For instance, the National Alliance on Mental Illness (NAMI) one of the largest grassroot organizations in the U.S. is dedicated to educating, advocating, and supporting mental health patients about diagnosis and apt treatment for their conditions. Such drivers reflect a prosperous future in the global biomarkers market.

Access Research Report of Neurological Biomarkers Market

Further key findings from the report suggest:

  • Most biomarkers evaluating neuronal damage cannot be clinically useful individually, and are generally used in panels
  • Most cerebrospinal fluid biomarkers used in medical practice are amyloid β and tau proteins
  • Nascent products allow a broader scope for characterization and selection of treatment strategies
  • Inconsistent regulatory trends remain a major constraint for the market
  • Asia Pacific is positioned to witness the fastest regional growth

Browse more reports of this category by Grand View Research at:

Grand View Research has segmented the global neurological biomarkers market based on application, type, end-use, and region:

Application Outlook (Revenue, USD Million, 2015 - 2026)

  • Alzheimer’s Disease
  • Parkinson’s Disease
  • Multiple Sclerosis
  • Autism Spectrum Disorders
  • Others

Type Outlook (Revenue, USD Million, 2015 - 2026)

  • Genomic
  • Proteomic
  • Metabolomic
  • Imaging
  • Others

End-Use Outlook (Revenue, USD Million, 2015 - 2026)

  • Hospital Laboratories
  • Independent Clinical Diagnostic Centers
  • Research Organizations
  • Others

Regional Outlook (Revenue, USD Million; 2015 - 2026)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa`

Access Press Release of Neurological Biomarkers Market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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