The latest report on Brain Tumor Diagnosis and Treatment Market (by diagnosis type ( MRI, CT, PET-CT scan, EEG, molecular testing), treatment type (surgery, radiation, radiosurgery, chemotherapy, targeted drug therapy, immunotherapy), product type (primary, secondary brain tumor)) provides complete and deep insights into the market dynamics and growth of brain tumor diagnosis and treatment industry.
The latest information on market risks, industry chain structure brain tumor diagnosis, and treatment cost structure and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential brain tumor diagnosis and treatment growth factors. According to the report, the global brain tumor diagnosis and treatment market are projected to grow at a CAGR of 8.7% over the forecast period of 2018-2024.
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A brain tumor is an abnormal growth of cells inside the brain. Brain tumors are classified into two types such as primary and secondary. The primary tumor starts within the brain and secondary tumor develops in the lung, skin, kidney or other parts and spread to the brain. Several methods are used for brain tumor diagnosis such as MRI, CT scan, PET-CT scan, EEG, molecular testing. Additionally, surgery, radiation therapy, radiosurgery, chemotherapy, targeted drug therapy, immunotherapy is used for its treatment.
Development in Technologically Advanced Product and Therapies Creates Growth Opportunities for Brain Tumor Diagnosis and Treatment Market
The increasing occurrence of brain tumors (Glioblastoma) across the globe coupled with the growing geriatric population are fueling the demand of brain tumor diagnosis and treatment market. According to the National Brain Tumors Society, nearly 700,000 people in the United States are living with a primary brain tumor, and approximately 78,000 cases were diagnosed in 2016. Additionally, the growing public-private partnerships in the healthcare sector creates a positive impact on the diagnostic imaging technique that in turn promotes the growth of brain tumor diagnosis and treatment market.
In addition, an increased focus on precision medicine and growing awareness regarding the latest technological advancement in therapies and treatment are primary factors responsible for the growth of the market. However, the high cost of diagnostic and treatment and less availability of tumor-specific drugs are hampering the growth of brain tumor diagnosis and treatment market. Ongoing development in molecular diagnostics to understand cell biology at the cellular level of malignancy. In addition, development in technologically advanced products and therapies creates growth opportunities for brain tumor diagnosis and treatment market during the forecast period.
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North America is the Dominant Region in Brain Tumor Diagnosis and Treatment Market
Among the geographies, North America is the dominant region in the brain tumor diagnosis and treatment market. The U.S. accounted for the largest revenue share in this market. The growing inclination towards advanced technologies amongst the population and highly developed infrastructure promotes the growth of the market. Furthermore, the rapid rise in the number of people diagnosed with brain tumors and extensive research and development activities fuels the demand for brain tumor diagnosis and treatment market in the North America region. On the other hand, Europe is expected to be the fastest-growing region during the forecast period due to high demand from the countries such as Germany and U.K. The factors such as growing awareness related to advanced technology, high prevalence of brain tumors and rise in geriatric population promotes the growth of brain tumor diagnosis and treatment market.
Brain Tumor Diagnosis and Treatment Market: Segmentation
The report on global brain tumor diagnosis and treatment market covers segments such as diagnosis type, treatment type, and product type. On the basis of diagnosis type, the sub-markets include MRI, CT scan, PET-CT scan, EEG, molecular testing, and others. On the basis of treatment type, the sub-markets include surgery, radiation therapy, radiosurgery, chemotherapy, targeted drug therapy, and immunotherapy. On the basis of product type, the sub-markets include primary brain tumors and secondary brain tumors.
Major Key Players of the Brain Tumor Diagnosis And Treatment Industry
The report provides profiles of the companies in the brain tumor diagnosis and treatment market such as GE Healthcare, Merck & Co., Inc, AstraZeneca, Carestream Health, Philips Healthcare, Siemens Healthcare Private Limited, Shimadzu Corporation, Hitachi Medical Systems, Pfizer, Inc, and Toshiba Medical Systems.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the brain tumor diagnosis and treatment.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.