The Neurological Biomarkers Global Market Report 2023, provides comprehensive information on the neurological biomarkers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Neurological Biomarkers Global Market Report 2023, the global neurological biomarkers market is expected to grow from $8.40 billion in 2022 to $9.46 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The neurological biomarkers market is expected to reach $15.07 billion in 2027 at a CAGR of 12.3%.
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Drug development agreements are the key trend gaining popularity in the neurological biomarkers market. Major companies operating in the neurological biomarkers market are developing new drugs to sustain their position in the market. For instance, in August 2020, Johnson & Johnson Services Inc., a US-based pharmaceutical company, entered into an agreement with Enigma Biomedical Group, a Canada-based biotechnology company, for the assessment of two novel neuroimaging biomarkers including JNJ-64413739 and JNJ-64511070. These biomarkers have the potential to offer vital new tools for improving comprehension of a variety of neurological disorders, including Alzheimer’s disease and other dementias.
The neurological biomarkers market 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
North America was the largest region in the neurological biomarkers market in 2022.
The table of contents in TBRC’s neurological biomarkers market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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