Industry Background:
According to the National Brain Tumour Society, an estimated 688,000 plus people are living with a primary brain or Central Nervous System (CNS) tumor. Brain tumors generally occur in supportive brain tissues. The exact cause of brain tumor is not yet known, and it can occur in any age group. A brain tumor is an abnormal and uncontrolled proliferation of cells in the brain. It can be benign or malignant. Brain tumor arises from brain tissue and rarely spreads. The tumor eventually compress and damage other structures in the brain. Increase in the incidence rate of brain tumor has fuelled the demand for effective treatment for Brain Tumour Diagnosis & Treatment market. Many products related to novel drug delivery technologies for the treatment for Brain Tumour are still lined up for FDA approval.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Current Value (2021) | USD 2.89 Million |
Unit | Value (USD Million) |
Key Companies Profiled | AstraZeneca (United Kingdom), Carestream Health (United States), GE Healthcare (United States), Hitachi, Ltd. (Japan), Merck KGaA (United States), Koninklijke Philips N.V (Netherlands), Pfizer, Inc. (United States), Shimadzu Corporation (Japan), Siemens Healthineers (Germany), Dr. Reddy’s Laboratories Ltd (India) and iTeos Therapeutics SA (Belgium) |
According to AMA, the market for Brain Tumor Diagnosis and Treatments is expected to register a CAGR of 8.65% during the forecast period to 2027. This growth is primarily driven by Increase in the Number of Patients Suffering from Malignant Cancer, Technological Advancement Related to Brain Tumour Treatment, Growing Geriatric population & Increased Prevalence of Brain Tumor Patients and Increasing Consumer Awareness Regarding the Latest Technological Advancements in therapies, and medications..
Globally, a noticeable market trend is evident The launch of new technologies such as Sodium Magnetic Resonance imaging (23Na MRI), Chemical Exchange Saturation Transfer (CEST) and Positron Emission Tomography (PET),
. The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AstraZeneca (United Kingdom), Carestream Health (United States), GE Healthcare (United States), Hitachi, Ltd. (Japan), Merck KGaA (United States), Koninklijke Philips N.V (Netherlands), Pfizer, Inc. (United States), Shimadzu Corporation (Japan), Siemens Healthineers (Germany), Dr. Reddy’s Laboratories Ltd (India) and iTeos Therapeutics SA (Belgium) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2018, iTeos Therapeutics SA, a biotechnology company has developed Novel Cancer Immunotherapies from Pfizer to develop and commercialize, a highly selective, clinical-stage IDO1 inhibitor. and Pfizer initiated a Phase 1 clinical study for a single agent in patients with malignant gliomas (brain cancer), an area of significant unmet need, based on brain penetration of the compound.
Market Drivers
- Increase in the Number of Patients Suffering from Malignant Cancer
- Technological Advancement Related to Brain Tumour Treatment
- Growing Geriatric population & Increased Prevalence of Brain Tumor Patients
- Increasing Consumer Awareness Regarding the Latest Technological Advancements in therapies, and medications.
Market Trend
- The launch of new technologies such as Sodium Magnetic Resonance imaging (23Na MRI), Chemical Exchange Saturation Transfer (CEST) and Positron Emission Tomography (PET),
- Detection of Brain tumor in Multicenter Clinical Experimental Settings
- Advancement in Technology Stimulating the Proficiency of Diagnosis
Restraints
- Availability of only a few brain cancer-specific drugs and their high cost
- High Expense associated with the Brain Tumor Diagnosis and Treatments
Opportunities
Increasing Brain Cancer Patients, R & D Investment activities and New Innovative Drugs in the Pipeline
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Brain Tumor Diagnosis and Treatments Study Sheds Light on
The Brain Tumor Diagnosis and Treatments Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Brain Tumor Diagnosis and Treatments industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Brain Tumor Diagnosis and Treatments industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.