Deep Analysis of Impact of COVID-19 on “Brain Tumor Diagnosis And Therapeutics Market 2019-2025” Growth Worldwide….



The global brain tumor diagnosis and therapeutics market size is expected to reach USD 773.1 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to pose lucrative growth over the forecast period, owing to increasing incidence of various brain cancers, particularly glioblastoma, coupled with rising geriatric population.
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
Increasing Public-Private Partnerships (PPPs) in the health sector, which are modernizing diagnostic imaging and radiology services, are supporting the expansion of this industry. Emerging technologies like Sodium Magnetic Resonance Imaging(23Na MRI), Positron Emission Tomography (PET), and Chemical Exchange Saturation Transfer (CEST) are used to detect the response of brain tumors in multicenter clinical trial settings. In addition, these technologies are helpful in quantitatively imaging tumor response to therapies, thereby promoting their use during treatment.
These technologies have the potential to extend MRI beyond anatomical imaging by providing information on physiology and cellular metabolism, thereby increasing the efficiency of diagnosis. Hence, the market is expected to witness productive growth over the forecast period.
Moreover, ongoing research in molecular diagnostics to understand cell biology at cellular level of malignancy and identification of gene mutations associated with malignancy is anticipated to significantly contribute toward the growth of the industry.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/brain-tumor-diagnosis-and-therapeutics-market/request/rs1
On the other hand, high cost of diagnosing brain tumors, which ranges from USD 450 to 12,200, is likely to hinder the growth of the global brain tumor diagnosis market.
Further Key Findings From the Study Suggest:
·         CT scan segment held a lucrative revenue share in 2015 and is also likely to grow at a significant rate during the forecast period
·         Chemotherapy is anticipated to witness the fastest growth over the forecast period owing to presence of a large research pipeline by the industry players.
·         North America is expected to dominate the brain tumor diagnosis and therapeutics market, owing to developed healthcare infrastructure coupled with rising awareness regarding advanced technologies amongst the population in this region. In addition, increasing consumer disposable income supported by healthcare insurance and reimbursement policies in the U.S. is expected to spur growth.
·         Some of the key players for the market are GE Healthcare; Hitachi, Ltd.; Philips Healthcare; Siemens Healthineers; Toshiba Corporation; Fujifilm Corporation; Shimadzu Corporation; Carestream Health; Merck & Co.; Astra Zeneca; Bristol Myer Squibb; Novartis; and Roche Diagnostics.
The global brain tumor diagnosis and therapeutics market size was valued at USD 354.9 million in 2015 and is expected to grow at a CAGR of 8.1% over the forecast period. Rising prevalence of such cancer and growing geriatric population are key drivers expected to nurture growth of brain tumor diagnosis market worldwide.
As per statistics published by the WHO in 2012, more than14 million new cases of cancer and about 8.2 million deaths were reported; thus alerting the healthcare fraternity to the augmenting growth of the disease. Furthermore, it stated that morbidity is expected to increase by about 70.0% over the next two decades. Similar data was published by the Global Health Observatory (GHO) in 2015, which stated that the number of premature deaths due to cancer is expected to increase by 44.0% by 2030.
As per the Central Brain Tumor Registry of the United States (CBTRUS) statistical report 2016, an estimated 79,270 new cases of primary malignant, nonmalignant, and other CNS cancers are anticipated to be diagnosed in the U.S. in 2017 (26,070 primary malignant and 53,200 nonmalignant). Increasing prevalence of brain cancer cases across the globe is expected to propel the demand of brain tumor diagnosis over the forecast period.
Population above 60 years of age forms the target demographic segment for this vertical, as this population subset is more prone to neurological conditions. Advancement of diagnostics equipment increases the lifespan of this demographic and improves the quality of life for those suffering from neurological conditions. Hence, presence of a large geriatric population pool is considered as a vital driver for this industry.
Have any Query? Ask our Experts:
https://www.grandviewresearch.com/inquiry/1704/ibb
Grand View Research has segmented the global brain tumor diagnosis and therapeutics market on the basis of type, therapeutics:
Brain Tumor Diagnosis Type Outlook (Revenue, USD Million, 2014 - 2025)
·         MRI
·         CT Scan
·         Tissue Sampling
·         PET-CT Scan
·         Cerebral Arteriogram
·         Lumbar Puncture
·         Molecular Testing
·         EEG
Brain Tumor Therapeutics Outlook (Revenue, USD Million, 2014 - 2025)
·         Surgery
·         Radiation Therapy
·         Chemotherapy
·         Immunotherapy
·         Targeted Therapy
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more