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  • Published In : Jun 2024
  • Code : CMI4586
  • Pages :174
  • Formats :
      Excel and PDF
  • Industry : Biotechnology

Regional Analysis

Neurological Biomarkers Market Regional Insights

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North America has established itself as the dominant region in the global neurological biomarkers market. The region accounts for the largest market share of 40.2 % in 2024, owing to the well-established healthcare and research infrastructure. Major pharmaceutical and biotechnology companies have their headquarters in the U.S. and Canada that provides them an edge in R&D for new neurological biomarkers. Furthermore, the presence of top medical devices players engaged in neurobiology research and development boosts the regional growth market. Support from government bodies in the form of grants and funding for neuroscience projects has also propelled the market growth. Several universities and academic institutions in the U.S. and Canada are engaged in collaborative research with industry players to discover novel biomarkers.

Asia Pacific is poised to be the fastest growing region over the forecast period due to improving healthcare infrastructure and increasing expenditure on neurology care. Rapid economic development of countries such as China and India have increased access to advanced healthcare facilities. Rising focus on early disease diagnosis and availability of low-cost skilled labor for manufacturing are attracting biopharmaceutical players to establish production and R&D hubs in Asia Pacific. This has augmented investments in the regional neurological biomarkers industry.

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