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Central Nervous System (CNS) Biomarkers Market - World is Witnessing a Rapid Growth in Aging Population Leading to High Prevalence of Many CNS Disorders
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Continued development in related technologies such as genomics, proteomics and imaging system has accelerated the development of biomarkers. With the complexity of Central Nervous System (CNS), it is considered that biomarkers will play a vital role in identifying several neurodegenerative diseases at early stage, provide more accurate diagnosis and better treatment.
The global market for Central Nervous System biomarkers has been growing rapidly over the past two decades and is expected to continue further under the influence of increased governmental support, rapidly increasing aging population and advancements in supporting technologies such as genomics, proteomics and imaging technologies. The world is witnessing a rapid growth in aging population leading to high prevalence of many CNS disorders such as Parkinson’s, multiple sclerosis and Alzheimer’s disease.
The Aging Research Center, Karoliska Institute, Sweden suggests that approximately 24 million are affected with Alzheimer’s disease worldwide. These diseases incur significant burden on society, to overcome these burdens governments are supporting private and public laboratories by funding to continue their development process. United States government has proposed to spend USD 140.8 billion in the fiscal 2013 to support research and development program across the country.
Geographically, North America represents the largest market as healthcare infrastructure ismore advanced as compared to other regions around the globe and it also has a large population base suffering from CNS diseases. The emerging markets including India, china, Brazil and Mexico are poised to show substantial growth due to continuously improving healthcare facilities in these nations.
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Some of the prominent players engaged in the development and marketing of biomarkers are AbaStar MDX, Apitope International, ExonHit Therapeutics, Metabolon Inc., Myriad RBM, OPKO Health, Thermo Fisher Scientific and Osta Biotechnologies.
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