Emerging neurological biomarkers enabling personalized care is fastest growing segment fueling the growth of Neurological Biomarkers Market

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The global Neurological Biomarkers Market is estimated to be valued at US$ 11813.64 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Neurological biomarkers are indicators of normal or pathogenic biological processes measured from body fluids or tissues that assist in the evaluation of neurological status and progression. They aid in various processes associated with neurological disorders including diagnosis, monitoring disease progression, and assessing response to treatment.

Market key trends:
One of the key trends fueling the growth of this market is the ability of neurological biomarkers to enable precision and personalized medicine. Biomarkers are being used for preclinical diagnosis, risk assessment, prognosis, and tailored treatment approaches for neurological conditions. They help identify patient subtypes and endophenotypes based on molecular signatures which can guide clinical decision making. This allows for stratified or personalized medicine approaches specific to patient characteristics, advancing from a “one-size-fits-all” model of care. Furthermore, biomarkers support the evaluation of new drugs during clinical trials by providing quantitative measures of disease processes or treatment responses.

Segment Analysis
The global neurological biomarkers market size is segmented into proein biomarkers, genetic biomarkers and imaging biomarkers. Among these, imaging biomarkers dominates the market and accounts for around 35% of the total market share. Imaging biomarkers provides non-invasive diagnosis of neurological disorders by providing anatomical and functional information about brain structure and activities. This segment experiences high demand owing to its ability to identify neurological changes at an early stage.

Key Takeaways
The global neurological biomarkers market is expected to witness high growth, exhibiting CAGR of 14.% over the forecast period, due to increasing prevalence of neurological disorders worldwide.

Regional analysis
Asia Pacific region is expected to grow at the fastest CAGR over the forecast period due to rising healthcare expenditure and increasing prevalence of neurological diseases in the region. North America currently dominates the global market owing to presence of major players and advanced healthcare infrastructure in the region.

Key players
Key players operating in the neurological biomarkers market are Abbott Laboratories, QIAGEN N.V., Myriad RBM, Thermo Fisher Scientific Inc., Athena Diagnostics, Bio-Rad Laboratories, Inc., AbaStar MDx, Inc., Acumen Pharmaceuticals, Banyan Biomarkers, Inc., Alseres Pharmaceuticals, Inc., Proteome Sciences, Immunarray Pvt. Ltd., Quanterix Corporation, Diagenic ASA, and Psynova Neurotech. Major players are focusing on developing advanced biomarkers and investing in R&D activities to strengthen their market position.

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