Global Pediatric Brain Tumor Market Is Growing Continuously And Expected To Grow At A CAGR Of 4.1% From 2017 To 2023
Pediatric Brain Tumor Market Information, By Types (Gliomas, Mixed Neuronal-Glial Tumors, Embryonal Tumors, and others), By Diagnosis (Imaging Tests, Brain Or Spinal Cord Tumor Biopsy, and others), By Treatment, By End User- Global Forecast Till 2023
The global pediatric brain tumor market has been evaluated as a steady growing market and it is expected to continue growing in the near future. Increasing cases of pediatric brain tumors are leading the market growth. Various research initiatives taken by government, NGOs and healthcare providers are major driving forces of this market.
The market for pediatric brain tumor was around USD 1252.5 million in 2016 and is expected to reach USD 1659.4 million which is projected to grow at a CAGR of 4.1% by 2023.
Taste the market data and market information presented through more than 56 market data tables and figures spread over 76 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Pediatric Brain Tumor Market Research Report –Global Forecast to 2023.”
Major players are funding large amount of money on research and also adopting collaboration strategy to capture the major market share. The main business of major players are coming from developed regions like North America and Europe. Due to rising of products and therapies, these players are looking at Asia Pacific region for future prospective.
Companies are highly dependent on FDA approvals. Recently, world’s one of the top pharmaceutical company, AbbVie Received FDA grant for rare pediatric disease designation for ABT-414, that used for the treatment of pediatric brain tumor.
Key companies to watch out for:
In 2016, Oncurious, Belgium based biotech startup launched a phase I/IIa trials for an antibody to fight pediatric brain tumors.
Canada based pharmaceutical company DelMar Pharmaceuticals, Inc. focused on research development and commercialization of new cancer therapies. In 2015, the company released a press note and claimed that their new chemotherapy treatment VAL-083 (dianhydrogalactitol) can be effective hemotherapeutic alternative for pediatric brain tumors.
Considering the global scenario of the pediatric brain tumor market, North America was holding the largest market share in global pediatric brain tumor market in 2016. Due to funding for R&D, high income and advanced healthcare, US is dominating North America market. European market is the second largest market for pediatric brain tumor. Increasing prevalence and awareness of disorder are key drivers for the growth of Asia Pacific pediatric brain tumor market. Middle East and Africa Pediatric brain tumor market is expected to limited growth it is mostly because of lack of knowledge of disorder and treatment, limited access to required healthcare facilities etc.
Global pediatric brain tumor market has been segmented on the basis of types which comprises of gliomas, mixed neuronal-glial tumors, embryonal tumors, choroid plexus papilloma/carcinoma, tumors arising from non-neuroepithelial tissue, meningeal tumors, and others. Gliomas is further sub-segmented into astrocytoma, malignant gliomas, and others. Mixed neuronal-glial tumors are further sub-segmented into ganglioglioma, subependymal giant cell tumor, pleomorphic xanthoastrocytoma, and others. Embryonal tumors are further sub-segmented into primitive neuroectodermal tumor (PNET), atypical teratoid/rhabdoid tumor, and others. Tumors arising from non-neuroepithelial tissue are further sub-segmented into craniopharyngioma, pineal region tumors, and others.
On the basis of diagnosis, it is segmented into physical exam, Imaging tests, brain or spinal cord tumor biopsy, lumbar puncture (spinal tap), blood and urine tests, and others. Imaging tests are further sub-segmented into Magnetic Resonance Imaging (MRI) scan, Computed Tomography (CT) scan, Positron Emission Tomography (PET) scan, Angiogram, and others. Magnetic Resonance Imaging (MRI) scan is further sub-segmented into Magnetic Resonance Angiography (MRA), Magnetic Resonance Spectroscopy (MRS), Magnetic Resonance Perfusion, Functional MRI (fMRI), and others. Brain or spinal cord tumor biopsy is further sub-segmented into stereotactic needle biopsy, craniotomy, and other.
On the basis of treatment, the market has been segmented into surgery, therapies, drug treatment, and others. Surgery is further sub-segmented into surgical biopsy, resection (removal), shunt placement/revision, and others. Therapies includes radiation therapy, chemotherapy, targeted therapy, and others. Chemotherapy includes carboplatin, carmustine (BCNU), cisplatin, cyclophosphamide, etoposide, lomustine (CCNU), methotrexate, temozolomide, thiotepa, vincristine, and others. Drug treatment is further sub-segmented into corticosteroids, anti-seizure drugs (anti-epileptics), hormones, and others.
On the basis of end user, it is segmented into hospitals and clinics, medical research centers, academic institutes, and others.
The report for Global Pediatric Brain Tumor Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
Considering the global scenario of the market, North America holds the largest market share owing to various factors such as increasing cases of pediatric brain tumors and related medical complications. Europe is the second largest market where the countries like Germany and UK are holding the largest market share. In 2014, about 10,000 new cases of pediatric brain tumors were observed. New cases of pediatric brain tumor are rapidly growing in Asia Pacific region. Additionally, improving healthcare sector, government initiatives to improve public health and rising healthcare spending are driving the growth for Asia Pacific pediatric brain tumor market. Due to low knowledge of disease, limited availability of medical facilities, Middle East and Africa (ME&A) is likely to have a limited growth in the market.