Brain Tumor Diagnosis & Therapeutics Market by Type (Primary Brain Tumor and Secondary Brain Tumor), by Diagnosis Type (MRI, CT-Scan, Tissue Sampling, PET CT-Scan, Cerebral Arteriogram, Lumbar Puncture, Molecular Testing, and EEG), by Therapy (Chemotherapy, Gene Therapy, Immunotherapy, Radiation Therapy, Targeted Therapy, and Surgery), and by End User (Hospitals, Ambulatory, and Surgical Centers)- Global Opportunity Analysis and Industry Forecast 2024-2030
The Global Brain Tumor Diagnosis & Therapeutics Market size is estimated to be USD 484.6 million in 2019 and is predicted to reach USD 1107.2 million by 2030 with a CAGR of 7.8% from 2020-2030. Growth of abnormal cells, in or around the brain is called as brain tumor. Tumors directly destroy the healthy brain cells and also damage other parts of the brain by causing inflammation, brain swelling and pressure within the skull. Brain tumors are either malignant or benign and are needed to be diagnosed in time to provide appropriate treatment.
Currently, variety of exams are conducted to diagnose the tumor and several therapies are available to treat brain tumors. Diagnosis with the help of MRI or CT scans helps in locating the tumor and identify its characteristics. The type of treatment recommended depends upon the type and size of the tumor, its location in the brain and overall health of the patient. Treatment options include surgery, chemotherapy, radiation therapy, targeted biological agents, or a combination of any of these. Despite the surgical advancements, the prognosis for patients with brain tumors remains poor. Therefore novel approaches are needed for improved management of patients with brain tumors in terms of early diagnosis, tracking therapeutic response, and improved therapies. Recent advances with nanoparticles and improved imaging techniques offer significant ways for diagnosis and treatment of brain tumors.
Market Dynamics and Trends:
With growing population, large number of people are susceptible to neurological conditions. Increasing aging population and growing prevalence of brain cancer are the major factors driving the demand for brain tumor diagnosis and therapeutic alternatives. Moreover, growing focus on development healthcare infrastructure, emerging applications of gene therapy in regenerative medicine, increasing adoption of stem cell technology and increasing awareness regarding advanced technologies are some additional factors contributing to the growth of the Brain Tumor Diagnosis & Therapeutics market. However, high cost of treatment, and lack of skilled professionals are some of the factors that are likely to hinder the growth of brain tumor diagnosis and therapeutics market.
Major growth strategies adopted by the organizations and players in the brain tumor diagnosis and therapeutics market are research and development and product launches, geographical expansion, collaborations, mergers & acquisitions, and pricing strategies. In July 2018, The Harley Street Clinic, part of HCA Healthcare UK adopted new minimally-invasive Visualase technology developed by Medtronic for treatment of patients with complex and aggressive brain tumors. Also, in March 2018 OICR’s Brain Cancer Translational Research Initiative (TRI) and the Terry Fox Precision Oncology for Young People Program (PROFYLE) collaborated to deliver improved treatment options to young brain cancer patients. Such developments enable the players to offer innovative products in the Brain Tumor Diagnosis & Therapeutics market and gain a competitive share on global level.
Market Segmentations and Scope of the Study:
The brain tumor diagnosis & therapeutics market share is analysed on the basis of product, therapeutics, end user and geography. The product segment covers the market for MRI, CT scan, tissue sampling, PET-CT scan, cerebral arteriogram, lumbar puncture, molecular testing, and EEG. By therapeutics the brain tumor diagnosis & therapeutics market is divided into surgery, radiation therapy, chemotherapy, immunotherapy, and targeted therapy. The geographical segmentation covers North America, Europe, Asia Pacific, and Rest of the World.
Competitive Landscape:
Comprehensive competitive analysis and profiles of major market players such as GE Healthcare, Hitachi, Ltd., Philips Healthcare, Siemens Healthineers, Toshiba Corporation, Fujifilm Corporation, Novartis, Merck & Co., Inc. Shimadzu Corporation, and Carestream Health is also provided in this report.
KEY PLAYERS
-
- GE Healthcare
- Hitachi, Ltd.
- Philips Healthcare
- Siemens Healthineers
- Toshiba Corporation
- Fujifilm Corporation
- Novartis
- Merck & Co., Inc.
- Shimadzu Corporation
- Carestream Health
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Download Free Sample
Frequently Asked Questions
Speak to Our Analyst
Related Report
Related Blogs
Next-Gen Protections: Exploring Future Technologies in Healthcare Security
Introduction In the recent years, the healthcare industry...
Emerging and Advanced Technologies Shape Regenerative Medicine Landscape
Introduction Regenerative medicine stands at the forefron...
Revolutionizing Healthcare: Advancements and Trends in Medical Robotics
Introduction In the ever-evolving landscape of healthcare...
