Higher Success Rate for Brain Tumor Diagnosis and Treatments Improves Scope of Global Market

The global market for brain tumor diagnosis and treatment is anticipated to experience a significant growth due to introduction of latest innovations in technologies to treat the condition. Advanced researches are being carried out to develop effective technologies. The surge in the market is also attributable to the growing number of aged people, increasing cases of brain cancer, and growing number of people suffering from cancer due to chemical exposure.

In a report presented by Transparency Market Report, the global brain tumor diagnosis and treatment market is anticipated to increase with a noticeable CAGR of 8.5% during the predicted time frame. In year 2016, the global market was worth US$406.0 mn. This is expected to swell up to worth US$840.7 mn by the end of 2025.

Which leading technologies are fueling up the demand for brain tumor diagnostics and treamnet market?

The global brain tumor diagnosis and treatments market is rising at high pace since a few years. The major factor affecting the growth is rising partnership between private and public (PPPs) firms in the health industry. These collaborations between the two sectors is revamping the radiology and diagnostic imaging facilities, which is adding to the expansion of the market successfully. In the recent past there having been various developments for brain tumor treatment and diagnosis such as Sodium Magnetic Resonance Imaging, commonly known as MRI scans, Chemical Exchange Saturation Transfer (CEST) technology, and Positron Emission Tomography (PET).

These methods are used widely to observe the intensity of the disease, the progress based on the medication given, and response of the tumor in clinical examinations. These technologies are able to use the MRI for extracting cellular behavior and other information in the body’s metabolism, apart from just observing the anatomical images. This contributes in increasing the efficiency of the brain tumor treatments. However, since the technologies that are being introduced and used are comparatively new, it increases the cost of the treatment and diagnostic. This is the major factor that is anticipated to hamper the market growth of brain tumor diagnosis and treatments worldwide.

According to a recent news reports, scientists and researchers from University of California, San Diego, and Washington University School of Medicines, St. Louis claimed to find a treatment for brain tumor by killing the infected cells with the help of Zika virus that is mainly transmitted by mosquitoes. The experiment is currently in its basic stage where the virus has been tested on a grown up mice only. Although the results are believed to be positive.


What factors are supporting North America to be immensely successful in the global market?

On the basis of geographical region, the market is segmented into Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. North America regional market is identified as the leading one in the global brain tumor diagnosis market. Factors such as growing number of individuals suffering from brain tumor, advancement in the technology, intensive R&D activities, and better options for management of the treatment are the key driving forces for the North America market. Apart from this, Europe region is estimated to witness a compelling growth during the forecast period with a strong CAGR. This can be credited to rise in number of cases suffering from brain tumor and increase in geriatric population in the countries like the U.K. and Germany, which have stirred up the demand for brain tumor diagnostic and treatments market.

How are the key players functioning to sustain their position in the market?

Several leading firms in the market such as Pfizer, Shimadzu Corporation, Siemens Healthineers, GE Healthcare are experimenting and innovating effective drugs and treatments to fight with the brain tumor disease. Various medical centers, and government firms are collaborating to work together to find the better solution for diagnostics and treatment. Several product development, mergers, acquisitions, and pricing policies are being adopted by the companies to strengthen their position in the market.

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