Brain Biomarkers Market Prophesied to Grow at a Faster Pace by 2018-2028
VALLEY COTTAGE, N.Y. – Brain Biomarkers: Market Insights
Brain Biomarkers are measurable indicators that measure the severity of brain in diseased state. In brain biomarkers market, the products and related procedures are used to assess the health or disease state of an individual. Some of the leading manufacturers operating in brain biomarkers market are incorporating latest technological innovation to make it easier for researchers and physicians to track condition of the brain by measuring its molecules. 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.
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. Additionally, as per the WHO, by 2020, nearly 14.1% of the global population will suffer from various brain disorders and this would drive the manufacturers to venture into brain biomarkers market. Nowadays, biomarker data management platforms are evolving which is supposedly built to support translational research and also support the biomarker-guided drug development, both are crucial approaches for growth of brain biomarkers. Besides, it also places no limit on the number of brain biomarkers that can be tracked.
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Brain Biomarkers Market: Segmentation
Segmentation by Product Type:
- Biomarker Test Kits
- Biomarker Analyzers
Segmentation by Disease Indication:
- MND & ALS
- Alzheimer’s disease & other dementias
- Parkinson’s disease
- Huntington’s disease
Segmentation by Application:
- Drug Discovery and Development,
Segmentation by End User Type:
- Research Laboratories
- Ambulatory Surgical Centers
- Diagnostic Laboratories
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 U.S, with almost 6% of the population suffering from permanent disabilities. 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.
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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.
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