There have been significant advancements in neurological science and medical understanding of the field. Many previously untreatable neurological disorders now have efficacious treatments and therapeutics to sustain the healthy lifestyle of the patients. Significant grounds are being made in understanding the pathomechanism of neurological disorders and the ability to diagnose and treat them effectively. Developing a better understanding of neurological biomarkers is one of the key factors behind such promising developments. Combined with growing neurosurgical advancements, medical professionals can utilise these insights to improve surgical procedures. As per some estimates, over 13.8 million people require neurological surgery to treat illnesses and trauma every year. Moreover, the growing incidence of neurological disorders such as Alzheimer’s disease, Parkinson’s disease, multiple sclerosis, and autism spectrum disorder is incenting the developments in neuroscience, thereby promoting the growth of the global neurological biomarkers market.
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Medical Tech Advancements to Open New Avenues of Growth
In the recent past, the advancements in neurological diagnostics and treatment have showcased tremendous technological advancements. This is a necessity as the prevalence of neurological disorders has been growing incessantly in the past few decades. Such alarming trends are creating a need for novel biomarker identification methods for neurological disorders. In addition, these digital biomarkers are being used for clinical trials and analytical epidemiology for better disease management and prevention. There is a significant increase in the usage of neurological biomarkers to analyse pathological processes and the expansion of biobanks for optimal healthcare delivery. These factors are poised to drive the growth of the global neurological biomarkers market during the forecast years.
Growing Adoption of Neurosurgery to Create Significant Opportunity in Neurological Biomarkers Market
Healthcare technological advancements are enabling several positive changes in the healthcare industry. Positive trends can be observed in surgical equipment development and increased neurological healthcare awareness. In addition, robust research and development in the field are collectively sustaining sound market growth. The demand for neurosurgeries has been growing at a considerable pace in the past few years. In addition, the modern restless lifestyle is catalysing the cases of overfeeding, sleep deprivation, sedentary lifestyle, and social isolation. These factors have significantly proliferated the cases of depression across the globe. The efforts to overcome such neurological healthcare challenges are expected to create growth possibilities in the global neurological biomarkers market.
North America to Maintain Market Leadership Amidst Paced Neurological Diagnostics and Therapeutics Innovations
In North America, the neurological illness burden is high and the adoption of biomarkers in therapeutic development is growing. These factors are facilitating the growth of the regional neurological biomarkers market. The region homes several key market players and has favourable government and regulatory support for medical science advancements. The adoption of neuropathy in regional economies such as the USA is increasing, thereby maintaining North America’s market leadership status. Meanwhile, Asia Pacific is expected to be the fastest-growing neurological biomarkers market. This is due to the growing number of clinical trials undergoing in economies such as China and India.
Notable Market Entities
Some of the key players in the global neurological biomarkers market include Abbott, Johnson & Johnson Services, Inc., Bio-Rad Laboratories, Inc., BANYAN BIOMARKERS, INC., Thermo Fisher Scientific, Inc., Myriad Genetics, Inc., Merck & Co. Inc., DiaGenic ASA, and Quanterix.
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