North America Neurological Biomarkers Market Developments and Forecast by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027North America Neurological Biomarkers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Proteomics Biomarker, Genomics Biomarker, Metabolomics Biomarker, Imaging Biomarker, Others); Application (Alzheimer's Disease, Parkinson's Disease, Schizophrenia, Huntington's Disease, Spinal Muscular Atrophy, Others); End User (Pharmaceutical and Biotechnology Companies, Clinical Diagnostics, Research Organizations), and Country
- Report Date : Aug 2020
- Report Code : TIPRE00013306
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 139
The North America neurological biomarkers market is expected to reach US$ 2,618.68 Mn in 2027 from US$ 7,056.76 Mn in 2019. The market is estimated to grow with a CAGR of 13.4% from 2020-2027.
Factors such as growing prevalence of neurological disorders and increasing focus toward research in neurological biomarker are expected to fuel the growth of the market. However, the limitation of neurological biomarkers is a major factor hindering the market growth.Biomarkers are the molecules that indicate about the presence of a disease. The biomarkers of the neurological diseases were not that accessible in earlier days, however the advancements in the technology have enabled to track the health condition of the brain by measuring the biomarkers. This helps in the earlier detection of a disease, less invasive diagnostics and enables faster drug development and is expected to be the effective treatment.
Neurological diseases contribute to a significant burden on health systems in terms of disease diagnosis, treatment, and management. Some of the major neurological disorders are epilepsy, Alzheimer’s disease, multiple sclerosis, spinal muscular atrophy (SMA), Duchenne muscular dystrophy, and others. As per the data published by the National Institutes of Neurological Disorders and Stroke in 2019, around 7,000 rare neurological diseases have been registered in the US. Additionally, according to the same study, these conditions are responsible for a significant number of morbidity and mortality. As per the 2019 Alzheimer’s disease Facts and Figures Report, in the year 2019, there were 5.8 million Americans of all ages were suffering from Alzheimer’s dementia. Among 5.8 million patients, 81% of the patients were aged 75 years and above. According to the Global Burden Disease (GBD) 2017, and Disease and Injury Incidence and Prevalence report, 20 million people across the globe suffer from Schizophrenia. Additionally, as per the Bio News Services, LLC, seven to ten million people across the globe suffer from Parkinson’s disease.Thus, increasing prevalence of neurological diseases is a major factor driving the growth of the North America neurological biomarker market during the forecast period.
Research institutes, pharmaceutical, and biotech companies are engaged in collaborative work to address the COVID-19 outbreak. This has eventually shifted their focus from development of new neurological biomarkers to vaccine development for COVID-19. Moreover, diversion of resources from neurological biomarkers development to COVID-19 treatment is likely to hamper overall productivity of the drug development during the forecast period. Furthermore, pharmaceutical supplies and procurement are also badly affected by the outbreak of COVID-19 in North America.
Mexico Neurological Biomarkers Market Revenue and Forecasts to 2027 (US$ Millio
n)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
NORTH AMERICANEUROLOGICAL BIOMARKERS MARKET SEGMENTATION
By Product
- Proteomics Biomarker
- Genomics Biomarker
- Metabolomics Biomarker
- Imaging Biomarker
- Others
By Application
- Alzheimer’s Disease
- Parkinson's Disease
- Schizophrenia
- Huntington's Disease
- Spinal Muscular Atrophy
- Others
By End User
- Pharmaceutical and Biotechnology Companies
- Clinical Diagnostics
- Research Organizations
By Country
- US
- Canada
- Mexico
Companies Mentioned
- Thermo Fisher Scientific, Inc
- Bio-Rad Laboratories Inc.
- Banyan Biomarkers
- Abbott
- Quest Diagnostics Incorporated
- Perkin Elmer, Inc.
North America Neurological Biomarkers Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 7,056.76 Million |
| Market Size by 2027 | US$ 2,618.68 Million |
| Global CAGR (2020 - 2027) | 13.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Thermo Fisher Scientific, Inc
- Bio-Rad Laboratories Inc.
- Banyan Biomarkers
- Abbott
- Quest Diagnostics Incorporated
- Perkin Elmer, Inc.
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