Sarasota, FL -- (SBWIRE) -- 10/08/2018 -- Global Neurological Biomarkers Market: Overview
Neurological biomarkers are considered as indicators to evaluate and measure a physiological and pathological indicator or process for obtaining a pharmacological reaction to a specific treatment. There is an escalation in the number of neurological disorders in the recent years all over the world. These disorders are affecting a substantial percentage of global population. It is also among the leading cause of disability. The use of neurological biomarkers helps in dealing with such cases of disability. With more and more investments made in the field of medical research, the global neurological biomarkers market is expected to grow at a steady pace.
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Global Neurological Biomarkers Market: Growth Factors
The major growth driver in the global neurological biomarkers market is the rise in the neurological disorders all over the world. The prevalence rate of these neurological disorders is increasing at an alarming pace. Thus, the global neurological biomarkers market is expected to have a steady growth in the upcoming years, as they play a vital role in gaining a better understanding of the disease as well as the development of medicine according to specific needs and requirements of patients. Genomics biomarkers are expected to show good growth potential in the upcoming years, as they play a substantial role in developing customized medicine and in the development of varied drugs. Additionally, the fact that neurological biomarkers help in identifying the common point of reference for diseases also fuels the growth of this market.
Global Neurological Biomarkers Market: Segmentation
The global neurological biomarkers market can be divided based on product type, end-user, and application. Based on product type, the neurological biomarkers can be divided into genomics biomarker, proteomics biomarker, imaging biomarker, and metabolomics biomarker, among others. The genomics biomarker is expected to have a steady growth in the future, as it is deemed to be effective and efficient in examining diseases at the gene level. On the basis of end-users, the market for neurological biomarkers is segmented into clinical diagnostics, pharmaceutical and biotechnology companies, and research organizations. Based on application, the neurological biomarkers market is divided into spinal muscular atrophy, Parkinson's disease, Schizophrenia, Huntington's disease, Alzheimer's disease, depression, and multiple sclerosis.
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Global Neurological Biomarkers Market: Regional Analysis
Based on regions, the global neurological market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American region is anticipated to lead the global neurological biomarkers market in the upcoming years, owing to the upsurge in the number of Parkinson's and Alzheimer's diseases in the recent years. The Asia Pacific region is expected to record the highest growth rate in the global market for neurological biomarkers in the upcoming years due to increasing prevalence of Alzheimer's among its population. The demand for neurological biomarkers in developing economies, like China, is expected to increase based on the rise in the adoption of neurological biomarkers in the future, owing to a rise in the incidences of Parkinson's disease.
Global Neurological Biomarkers Market: Competitive Players
The key market players of the global neurological biomarkers market include Myriad RBM, Abbott Laboratories, Thermo Fisher Scientific, Proteome Sciences, Psynova Neurotech, Athena Diagnostics, Quanterix Corporation, Immunarray Pvt. Ltd., Diagenic ASA, Qiagen, Bio-Rad Laboratories, Acumen Pharmaceuticals, Abiant, ProteoSys AG, Athena Diagnostics, AbaStar MDx, Banyan Biomarkers, and Alseres Pharmaceuticals, among several others.
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North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa