PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485800
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485800
Immunoassay for Neurological Biomarkers Market size was valued at USD 707.67 Million in 2023, expanding at a CAGR of 17.5% from 2024 to 2032.
Immunoassays for neurological biomarkers are laboratory techniques used to measure the levels of certain molecules in biological samples, such as blood or cerebrospinal fluid, that are indicative of neurological conditions or diseases. The rising prevalence of neurological disorders like Alzheimer's disease, Parkinson's disease, and multiple sclerosis creates a growing need for reliable biomarkers for early diagnosis, prognosis, and monitoring of disease progression. However, the market is facing some regulatory approval for new biomarkers and immunoassays which can be a lengthy and costly process, hindering the translation of research findings into clinically useful diagnostics. Furthermore, there is a growing emphasis on the development of biomarkers for early diagnosis and monitoring of neurological diseases, creating opportunities in future.
Immunoassay for Neurological Biomarkers Market- Market Dynamics
Rising cases of neurological and psychiatric disorders
The Immunoassay for Neurological Biomarkers market plays a significant role in the detection and diagnosis of neurological and psychiatric disorders. Immunoassays allow for the early detection of neurological biomarkers associated with various disorders such as Alzheimer's disease, Parkinson's disease, multiple sclerosis, and others. Early detection enables early intervention and treatment, potentially slowing down disease progression and improving patient outcomes. According to the World Health Organization (WHO), more than 3 billion people worldwide are living with a neurological condition due to illness & disability. In addition, over 80% of neurological deaths occur in low- and middle-income countries.
Immunoassay for Neurological Biomarkers Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 17.5% over the forecast period (2024-2032)
Based on disease type segmentation, Alzheimer's disease was predicted to show maximum market share in the year 2023
Based on technology segmentation, radioimmunoassays (RIA) was the leading type in 2023
Based on end user segmentation, hospitals were the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Immunoassay for Neurological Biomarkers Market is segmented based on Disease Type, Product, End User, Technology, and Region.
The market is divided into six categories based on disease type: Biomarker immunoassays enable early detection of AD even before clinical symptoms appear. Immunoassays are widely used in clinical trials aimed at developing new therapies for AD. They help researchers measure the impact of experimental treatments on biomarker levels and assess their potential efficacy and safety.
The market is divided into six categories based on end user: Immunoassays for neurological biomarkers are widely used in hospitals for various purposes related to the diagnosis, prognosis, and monitoring of neurological disorders. For instance, levels of certain biomarkers might indicate the severity or progression of a disease, helping clinicians predict the likely course of the illness and plan appropriate treatment strategies.
Immunoassay for Neurological Biomarkers Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America has the largest market share in terms of revenue across the world for the immunoassay neurological biomarkers market. This is due to better government initiatives and a strong economy. The United States is a leader in this market, driven by the increasing use of molecular diagnosis. In Europe, the market is growing due to rising competition and increased awareness among the population. The stakeholders' focus on research projects involving proteins, associated biomolecules, and genes are the key factors driving the growth of the neuro immunoassay market in Europe.
The market for immunoassays used for neurological biomarkers is expanding rapidly due to various strategic initiatives taken by market players. These initiatives include the development of advanced biomarker technology for diagnostic and treatment research. For instance, in December 2022, the United States FDA approved two immunoassays developed by F. Hoffmann-La Roche Ltd. These immunoassays are Elecsys Phospho-Tau (181P) CSF (pTau181) and Elecsys beta-Amyloid (1-42) CSF II (Abeta42). These assays are useful for measuring two important biomarkers, tau proteins, and beta-amyloid, in adult patients. They aid in the confirmation of Alzheimer's disease diagnosis.
In February 2024, Abbott and Fujirebio announced partnering to develop a research-use-only test for the neurofilament-light chain (NfL). The neurology biomarker assay will be available for use on Abbott's Alinity I instrument and also will be offered to researchers conducting studies demonstrating the utility of the NfL biomarker.
In March 2023, H.U. Group Holdings Inc. and its subsidiary, Fujirebio, announced the release of two new assays, Lumipulse G NfL CSF and Lumipulse G NfL Blood, for LUMIPULSE G immunoassay systems. These CLEIA assays enable the accurate measurement of Neurofilament light (NfL) in human Cerebrospinal fluid (CSF) and plasma/serum, respectively.
GLOBAL IMMUNOASSAY FOR NEUROLOGICAL BIOMARKERS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
QIAGEN
Abbott
Merck & Co., Inc.
Johnson & Johnson Services, Inc.
Thermo Fisher Scientific, Inc.
Bio-Rad Laboratories, Inc.
Sysmex Corporation
Merck KGaA
F. Hoffmann La-Roche Ltd.
Nimble Therapeutics
ADx NeuroSciences NV
Enrolmmun
ACOBIOM
Banyan Biomarkers Inc.
Olink Biosciences
Others