Brain Biomarkers Market is anticipated to surpass US$ 11.5 Billion by 2032

In the projected period of 2022 to 2032, the worldwide brain biomarkers market is expected to develop at a CAGR of 14.3%. It is expected to be worth US$ 8.3 billion in 2022 and US$ 11.5 billion in 2032. The increased prevalence of neurological illnesses such as brain tumours, migraines, epilepsy, and dementia is expected to fuel brain biomarker sales in the coming years.

With such new product advancements, the key players operating in brain biomarkers market are poised to bring few invasive brain tastings, faster diagnosis, effective drug development, and new treatment options. Furthermore, detection and interpretation of the existence or quantities of such brain biomarkers, or panels of brain biomarkers may be used for making clinical decisions and patient intervention.

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Brain Biomarkers: Market Dynamics

There are many factors that drive the brain biomarkers market. Amongst these, factors such as increase in geriatric population, R&D investment in product development and improved knowledge of the nature of neurologic diseases are anticipated to drive the brain biomarkers market. Furthermore, as geriatric population have high chances of brain disorders, therefore; population rise of old age groups will also drive the brain biomarkers globally.

Brain Biomarkers Market: Overview

The success of brain biomarkers market is based largely upon the discovery of novel molecular markers and increase in innovative and sophisticated products. Furthermore, combinations of brain biomarkers with other detectable parameters enables healthcare providers to improve their clinical decision making on patients with brain injuries such as stroke, alzheimer’s and parkinson’s disease.

The brain biomarkers are mostly applied in cases whose brain cells or tissues are damaged or stressed. Besides, the market is also growing thanks to recent advances in brain disease detection, and lunch of new and comprehensive clusters of biomarkers. Such innovations in brain biomarkers are anticipated to make the brain more accessible and neurological diseases more treatable.

Brain Biomarkers Market: Region-wise Outlook

Geographically, North America and Europe are anticipated to account for the largest share in the brain biomarkers market. It has been estimated that approximately 100 million people are suffering from brain or nervous system disorders such as Alzheimer’s disease, Parkinson’s disease, Strokes and others. Furthermore, according to the National Institute of Mental Health, about 1 in every 4 adults suffer from brain disorders every year in US, with almost 6% of the population suffering from permanent disabilities.

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Hence, for effective disease diagnosis, new tools are being developed for treating large patient centric and personalized treatment. In the near future, it is expected that both East and South Asian region are expected to witness significant growth in brain biomarker market and are anticipated to meet the massive unmet needs for early diagnosis and disease monitoring.

 Brain Biomarkers Market: Key Players

Some of the key players present in global brain biomarkers market include Advanced Brain Monitoring, Electrical Geodesics, Johnson & Johnson, F. Hoffmann-La Roche Ltd., Seimens Healthnineers, GE Healthcare, NeuroVista, Nexus-DX, Qiagen N.V., and Lifesign LLC., Natus Medical and BrainScope. In addition, presence of small and local manufacturers across the countries will account for growth of Brain Biomarkers market.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Value Chain

The regional analysis includes:

• North America (US, Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Brain Biomarkers Market: Segmentation

Segmentation by Product Type:

• Biomarker Test Kits
• Biomarker Analyzers

Segmentation by Disease Indication:

• Stroke
• MND & ALS
• Alzheimer’s disease & other dementias
• Parkinson’s disease
• Huntington’s disease

Segmentation by Application:

• Diagnosis
• Drug Discovery and Development,
• Others

Segmentation by End User Type:

• Hospitals
• Research Laboratories
• Ambulatory Surgical Centers
• Diagnostic Laboratories

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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