Brain biomarkers refer to measurable indicators that are able to make measurement of brain during its diseased state.
Global Brain Biomarkers Market: Overview
Brain biomarkers refer to measurable indicators that are able to make measurement of brain during its diseased state. In the global brain biomarkers market, products and its associated procedures are utilized in the assessment of a disease or health state of a person. Some of the prominent players in the brain biomarkers market are integrating advanced technologies so as to make it easier for physicians and researchers to monitor the condition of the brain via measurement of its molecules.
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With such product innovations and advancements, the companies are expected to bring on effective drug development procedure, new options of treatment, rapid diagnosis, and invasive testing of brain. In addition to that, interpretation and detection of the quantities or existence of such biomarkers of brain or its panels can be utilized in the making of patient interventions and clinical decisions. Growing importance of these biomarkers is likely to support growth of the global brain biomarkers market over the timeframe of assessment, from 2020 to 2030.
Product type, disease indication, application, end user, and region are some of the crucial parameters based on which the global brain biomarkers market has been segmented.
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Global Brain Biomarkers Market: Notable Developments
The global brain biomarkers market is marked with presence of quite a few prominent players and it is considered moderately competitive market for both the existing players and new entrants. These companies are forging, partnerships, collaborations, and mergers in an effort to gain larger revenue and market share. The following development is expected to play an important role in the market:
- In May 2020, Swiss healthcare company, F. Hoffmann-La Roche AG, completed its acquisition of American DNA sequencing technology provider, Stratos Genomics. The integration of sequencing by expansion (SBX) chemistry is anticipated to provide the healthcare sector a flexible, fast, and an affordable solution for multiple targeted clinical applications.
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Global Brain Biomarkers Market: Key Trends
The global brain biomarkers market is characterized by the presence of the following restraints, drivers, and opportunities.
High Prevalence of Brain Disorders, Especially amongst Geriatric Population, to Drive Demand
The growth of the global brain biomarkers market is estimated to be influenced by several factors prevalent in the market. Presence of a large pool of geriatric population is likely to play an important role for the growth of the market. This particular segment of the human population are prone to have brain disorders, which is they are estimated to drive the demand for brain biomarkers over the period of analysis, from 2020 to 2030. According to the estimates of World Health Organization (WHO), the number of people living with dementia, a very common brain disorder, is expected to rise to 115.4 million by 2050.
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In addition, increased investment in the research and development activities so as to come up with better, improved products is likely to augur well for the market. With improved know-how of the nature of neurologic diseases, the demand of brain biomarkers is estimated to rise in the years to come.
Global Brain Biomarkers Market: Geographical Analysis
In terms of region, both Europe and North America are estimated to account for a sizeable chunk of the global brain biomarkers market and the regions are anticipated to remain at the forefront of market growth. Nearly, 100 million people are affected by disorders of brain, such as strokes, Alzheimer’s disease, such high prevalence of disorders is expected to foster growth of the brain biomarkers market in these regions.
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