Central Nervous System Biomarkers Market-Overview
The improved accessibility to resources that can aid in understanding the disease mechanisms is estimated to spur the Central Nervous System Biomarkers Market Size. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is predicted to be motivated by a 13.0% CAGR leading to revenues worth USD 7,500 million by 2027.
The augmented use in diagnosing neurodegenerative diseases is foreseen to transform the central nervous system biomarkers market in the forecast period. The improved facilities available for research are estimated to accelerate further the overall development of the Central Nervous System Biomarkers Market Growth, share in the course of the forecast period.
Segmental Analysis
The segmental overview of the central nervous system biomarkers market is carried out on the basis of type, application, end user, and region.
- The central nervous system biomarkers market type segment consists of safety biomarkers, efficacy biomarkers, and validation biomarkers.
- The application segment of the central nervous system biomarkers market consists of drug discovery & development and personalized medicine.
- The end user segment of the central nervous system biomarkers market consists of diagnostic labs, hospitals & clinics, and research centers.
- The region segment of the central nervous system biomarkers market consists of North America, Europe, Asia-Pacific, and other important regional markets.
The chief players in the central nervous system biomarkers market are
- Merck & Co. (US, Abiant, Inc. (US),
- Avacta Group plc (UK),
- Diagenic Asa (Norway),
- Thermo Fisher Scientific (US),
- AbaStarMDx Inc. (US),
- Banyan Biomarkers (US),
- Avid Radiopharmaceuticals Inc. (US),
- Acumen Pharmaceuticals Inc. (US),
- Siemens AG (Germany)
- Novartis (Switzerland).
Regional Overview
The regional evaluation of the central nervous system biomarkers market consists of North America, Europe, Asia-Pacific, and other important regional markets. Growing CNS cancer cases and R&D spending are expected to boost central nervous system biomarkers market growth in this region over the forecast period. Furthermore, businesses and research institutes are continually inventing and developing new technologies and biomarkers, which is aided by the presence of major competitors in the region and increased R&D spending. The central nervous system biomarkers market in Europe is being driven by an increase in demand for personalized/precision medicine and the increased prevalence of neurological illnesses in the region. Due to factors such as a huge customer base, high prevalence of CNS illnesses, and improving healthcare infrastructure, the Asia-Pacific region is expected to be the fastest-growing regional market throughout the forecast period.
Competitive Analysis
During the predicted period, the focus on accelerated growth is expected to take center stage. The requirement to effectively engage clients in all the geographical areas is expected to aid the market in overcoming the current challenges. Furthermore, the market stakeholders need to ensure that long-term sustainable growth targets are not endangered due to current difficulties. The necessity to develop a competitive advantage over its competitors has a significant impact on the global market. With a combination of innovation and continuous product refinement, the market is expected to lead its future expansion. The current market trends are making a significant contribution to the industry's growth. The market contenders are expected to promote growth enabling elements and, as a result, to bring the market out of the current worldwide pandemic. The use of technology and a strategy-based approach is likely to increase the likelihood of future success. The market's heightened focus on high-revenue decision-making is expected to hasten its return to normalcy in the coming months.
Industry Updates:
- Feb 2021 The University of California, Berkeley (UC Berkeley) and University of California, San Francisco (UCSF) have announced a long-term research collaboration with Genentech, a member of the Roche Group, and its parent firm, Roche Holding AG, to accelerate the development of new therapeutics for debilitating brain diseases and central nervous system disorders such as Parkinson's, Huntington's, Alzheimer's, ALS, and autism. UCSF and UC Berkeley will accept up to $53 million from Genentech throughout the 10-year partnership.
- Feb 2021 Woolsey Pharmaceuticals, a clinical-stage company developing treatments for neurodegenerative diseases, announced that the first patient in its FOUND (Fasudil fOr Uncontrolled waNDering) study for Alzheimer's and Vascular Dementia patients with elopement and getting lost had been dosed with BRAVYL. The first patient in the ROCKIT-1 (ROCK Inhibitor in Tauopathies – 1) trial of BRAVYL in patients with Progressive Supranuclear Palsy (PSP) and Corticobasal Syndrome (CBS) has started treatment, according to the company.
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