Global Neurological Biomarkers Market

Neurological Biomarkers Market Size, Share, Growth Analysis, By Type(Genomic, Proteomic, Metabolomic, Imaging), By Application(Alzheimer's Disease, Parkinson's Disease, Multiple Sclerosis, Autism Spectrum Disorder), By End User(Hospital & Hospital Laboratories, Independent Clinical Diagnostic Centers, Research Organizations and Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2399 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 63 | Figures: 75

Neurological Biomarkers Market Insights

Neurological Biomarkers Market size was valued at USD 6.96 Billion in 2023 and is poised to grow from USD 7.91 Billion in 2024 to USD 21.94 Billion by 2032, growing at a CAGR of 13.6% during the forecast period (2025-2032).

Neurological biomarkers are widely used for diagnosing a range of diseases such as autism, Parkinson’s disease, and depression. These biomarkers include metabolomics and imaging, genomic, and proteomic-based biomarkers. These biomarkers can be classified into metabolomics, imaging, genomics and proteomics. The biomarkers can be used for improving the treatment of neurological diseases, accelerate the development of drugs, allow for earlier diagnosis, and allow non-invasive testing. Moreover, pharmaceutical companies are receiving valuable information via digital biomarkers facilitating their clinical trial decision-making, further contributing to the neurological biomarkers market growth.

In the field of personalized medicine neurological biomarker research for neurodegenerative diseases is one of the fastest advancing fields. This evolution in precision medicine is significantly influencing the biopharmaceutical industry, leading to substantial transformations across various players, from biopharma to diagnostics companies, with roles ranging from commercial operations to research and development.  The market is likely to expand due to organizations offering funding at different levels of research, which is positively impacting the market. For instance, National Institutes of Health (NIH) has increased funding for health disparity research in Alzheimer's and brain aging, thus driving market growth.

US Neurological Biomarkers Market is poised to grow at a sustainable CAGR for the next forecast year.

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Neurological Biomarkers Market size was valued at USD 6.13 Billion in 2022 and is poised to grow from USD 6.96 Billion in 2023 to USD 19.31 Billion by 2031, at a CAGR of 13.6% during the forecast period (2024-2031).

The neurological biomarkers industry is experiencing the presence of many renowned, small and mid-sized players. This companies are dynamically engaging in providing consumables, software and services related to biomarker. These stakeholders are actively taking strategic initiatives to maintain their competitive edge through partnerships, clinical trials and seeking for investment opportunities. Market competition happens to be the critical, as new players are entering into market with strong focus on technology advancements and investing large amount of dollars to have a stronger foothold in this space. 'Quanterix Corporation ', 'Thermo Fisher Scientific Inc. ', 'Myriad Genetics, Inc. ', 'QIAGEN N.V.', 'Bio-Rad Laboratories, Inc. ', 'Merck KGaA ', 'F. Hoffmann-La Roche Ltd ', 'Bio-Techne Corporation ', 'Alector Inc. ', 'Banyan Biomarkers, Inc. ', 'Charles River Laboratories International, Inc. ', 'Cisbio ', 'C2N Diagnostics ', 'ImmunArray ', 'Euroimmun AG ', 'Cerebrospinal Fluid Diagnostics ', 'Abbott Laboratories'

As biomarkers are important indicators of various health or disease traits. Cancer goes through a multistage carcinogenesis procedure involving multiple events from various molecular pathways, which makes its diagnosis, prognosis and therapy extremely complicated. Due to this complexity, a single marker is insufficient. In addition, each cancer type has its unique molecular profile. Identification of new biomarkers leads to the development of targeted therapies that target dysregulation in cancer. The increasing prevalence of cancer will, in turn, stimulate biomarker research and thereby boosting the growth of neurological biomarkers market. 

Increasing Funds for Research: The rising presence of companies offering funds at several stages of research is boosting market growth. For example, the University of North Texas Health Science Center (HSC) was offered almost USD 45.5 million in funds from the National Institutes of Health (NIH). This fund will help in supporting research related to health disparities in Alzheimer's and brain aging. NIH is also offering additional funds for biomarkers research for the present study for Health and Aging Brain Among Latino Elders (HABLE). Therefore, this new trend is fueling market growth. 

The largest piece in the global neurological biomarkers market share is held by North America. This growth is mainly due to the well-established healthcare and research infrastructure in the region. The United States and Canada houses major pharmaceutical and biotechnology companies which provides them a competitive advantage in the research & development for new neurological biomarkers. Moreover, the renowned medical device players involved in neurobiology are also contributing to the regional growth market. The market growth is also supported by the initiatives from government bodies providing grants and funding for different neuroscience projects. Various U.S. and Canadian universities and academic institutions are collaborating with industry to develop new biomarkers. 

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Global Neurological Biomarkers Market

Report ID: SQMIG35A2399

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