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The pediatric brain tumor market is significantly influenced by the incidence and prevalence rates of brain tumors in children. As these rates vary across different regions and demographics, they play a crucial role in shaping the overall market dynamics.
Technological innovations seen in diagnostic devices and imaging techniques results to direct effect on pediatric brain tumor market. Better and more precise diagnostics facilitate early diagnosis that, in turn, affects treatment methodology and poorly influence on such an indicator as market growth.
Innovations in pediatric oncology treatment stem from constant research and development efforts in the field. Subsequently, the market early responds the breakthrough therapies even if theynon-invasive means as were changes in therapeutic intervention such as targeted therapies, immunotherapies, or even findings supportive of evolutionary theories concerning genetic programming in evolution, can benefit patient outcomes.
Among the treatment alternatives available for pediatric brain tumor, the mode of treatment matters a lot for the market concerned. Changing treatment plans as well as new therapies introduced in the market help drive the market structure.
Healthcare infrastructures are readily available and accessible are critical in the management of pediatric brain tumors. The gap in healthcare resources and infrastructure can affect the diagnosis of the case and treatment options, which then lead the way market will evolve.
The market visibility as such is effected by the regulatory environment under which pediatric brain tumor treatments and drugs are approved. Strict regulatory constraints shall foster difficulties however it ensures the safety and efficacy of therapies and makes healthcare specialists and patients believe.
Pharmaceutical industry collaborates with various institutions i. The market is driven by that partnership helps in resource-sharing and knowledge exchange, and greater pace of clinical trials.
The enhanced patient knowledge about pediatric brain tumors – campaign by patient advocacy groups and awareness campaigns – directly affects market dynamics. Demand for revolutionary treatments and therapies from patients and caregivers is created.
The economic conditions such as disposable incomes and overall spending regarding healthcare affect the market of pediatric brain tumor. Economic recession or variations in healthcare cost can also influence investment on research and development and restrict the patients for cognizance of expensive medicines.
The repercussion of pediatric brain tumor market is significantly influenced by the growth of pharmaceutical markets to the emerging economies and health globalization activities. The diverse availability of innovative treatments considerably contributes to the market development, in terms of geographic scope and spread of innovative therapies.
Pediatric Brain Tumor Market Highlights:
Pediatric Brain Tumor Market Scenario:
The pediatric brain tumor market is growing at the CAGR of 6.8% during the forecast period and expected to reach USD 1843.7 Million by 2022-2030. Pediatric brain tumor is uncontrolled or abnormal growth of normal cell in the brain in children. Brain tumors mainly are of two types, cancerous (malignant) and noncancerous (benign). It is second most common type of cancer in children and it comprise about 25% of childhood cancer. The cases of pediatric tumors are increasing globally that leading the growth of the market. Advanced diagnostic technology and new treatments are also major driving forces of the market. Rising healthcare infrastructure, extended insurance cover, government initiatives, and emerging economies are driving the market. Rising funding for R&D and clinical trials as well as FDA approvals are also major growth factors for global pediatric brain tumor market.
Key Players:Some of the key players in this pediatric brain tumor market are: Abbott. (US), AbbVie Inc. (US), Akorn, Inc. (US), Agios, Inc. (US), Baxter (US) , Bayer AG (US), Epizyme, Inc. (US), Novartis AG (Switzerland), Mylan N.V. (US), and others
Segments: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, non-neuroepithelial tissue tumors, 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, the pediatric brain tumor market is segmented into physical exam, Imaging tests, brain or spinal cord tumor biopsy, Llmbar 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 pediatric brain tumor 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.
FIGURE 1 Â GLOBAL PEDIATRIC BRAIN TUMOR MARKET SHARE BY TYPES, 2016 (%)
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Regional Analysis:
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. The report for Global 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 pediatric brain tumor 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.
Study objectives of Global Pediatric brain tumor market:
- To provide detailed analysis of the global pediatric brain tumor market structure with historical and forecast revenue for the next 6 years of the various segments and sub-segments of the market
- To provide insights about the key drivers, restraints, opportunities and challenges affecting the growth of the global market
- To provide analysis of the market with respect to four main geographies and their countries - America, Europe, Asia-Pacific, and Middle East & Africa.
- To provide detailed analysis of the market segmented by types, diagnosis, treatment, end user and its sub-segments.
- To provide a detailed analysis of global pediatric brain tumor market mainly based on Value chain analysis, Porter’s five forces, Price analysis, and Supply Chain analysis etc.
- To provide a detailed country level analysis of the market with respect to the current market size and future prospects.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global market
- To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the pediatric brain tumor marketÂ
Intended Audience:
- Pediatric brain tumor diagnostic devices manufacturers
- Pediatric brain tumor medicine and treatment providers
- Hospitals and clinics
- Medical Research laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential InvestorsÂ
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