Advancements in Neurological Biomarkers Market : Catalysts for Enhanced Diagnosis and Disease Management
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| Neurological Biomarkers Market |
Market Dynamics:
Early Disease Diagnosis:
Neurological biomarkers facilitate early and non-invasive
detection of disorders like Alzheimer's, Parkinson's, and epilepsy before
clinical symptoms manifest. Their capability to enable diagnosis well in
advance of symptoms onset, such as 15 years prior for Alzheimer's, drives
demand for these biomarkers.
Drug Discovery and Development:
Integral to evaluating target engagement and therapeutic
efficacy in drug development, neurological biomarkers streamline preclinical
and clinical trials. Adopted by pharmaceutical companies to enhance efficiency
and reduce costs, they play a pivotal role in decision-making processes
throughout drug development.
Segment Analysis:
Diagnostic Segment Dominance:
The diagnostic segment commands over 50% of the global
neurological biomarkers market. Increasing occurrences of disorders necessitate
accurate diagnostic biomarkers. The use of biomarker-assisted diagnosis allows
for the early detection of neurological conditions, facilitating timely and
effective treatment interventions.
PEST Analysis:
Political Factors:
Governments globally are undertaking initiatives to raise
awareness about neurological disorders, fostering a favorable regulatory
environment for biomarker development. This encourages investments in research
and development.
Economic Factors:
Rising healthcare spending on neurological conditions proves
lucrative for market players. Additionally, the growing geriatric population, susceptible
to neurological diseases, contributes to market revenue.
Social Factors:
Changing lifestyle habits and increasing mental health
issues drive demand for improved diagnostic solutions. Biomarkers, with their
non-invasive detection techniques, gain wide acceptance in society.
Technological Factors:
Advancements in genomics and proteomics enable the
identification of novel biomarkers. Investments in biomarker discovery,
utilizing techniques such as neuroimaging and enzyme analysis, augment market
growth.
Key Takeaways:
Projected Market Growth:
The Global Neurological Biomarkers Market
Demand is estimated at US$ 11813.64 in 2023, with a projected CAGR of
5.9% from 2023 to 2030. This growth is propelled by factors including the
rising prevalence of neurological diseases, a growing geriatric population, and
technological advancements in biomarker discovery.
Regional Analysis:
Dominance of North America:
North America leads the global neurological biomarkers
market, owing to the rising prevalence of neurological disorders, increased
healthcare expenditure, and the presence of major market players.
Asia Pacific's Fastest Growth:
Asia Pacific is expected to witness the fastest growth due
to increasing healthcare awareness, a large patient population, and improving
healthcare infrastructure.
Key Players:
Prominent players in the Neurological Biomarkers market
include Knauf Gips KG, LafargeHolcim, National Gypsum Company, Saint-Gobain
Group, Yoshino Gypsum Co., Ltd., ACG Materials, Anhydritec, BNZ Materials Inc.,
American Gypsum, and Gyptec Iberica.
For more details on
the report, Read- https://www.pressreleasebulletin.com/neurological-biomarkers-market-demand-share-analysis/
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