Brain Tumor Diagnostics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Diagnostic Type (Imaging Tests, Biopsy, Molecular Testing, and Other), Tumor Type, End-User, and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.3 %

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Market Overview

The brain tumor diagnostics market studied was anticipated to grow with a CAGR of 3.3%, during the forecast period. The significant factor attributing market growth is the rising incidence of brain cancer and increasing technological advancement in diagnostics devices. The increasing geriatric population across the globe also drives the brain tumor diagnostics market. There are more than 79,000 new cases of primary brain tumors diagnosed in 2019, with about one percent (around 23,880) of which were malignant, as per the American Cancer Society. The median age of diagnosis is 59 however most often occur in children and older people. Exposure to ionizing radiation, both medical (disease treatment) and atomic bomb exposure, has been linked with the occurrence of some forms of major brain tumors, including gliomas, meningiomas, and sarcomas, specifically when the exposure occurred during childhood. All these factors are expected to boost the growth of the brain tumor diagnostics market during the forecast period.

Scope of the Report

Brain tumor arises from abnormal growth of cancerous cells in the brain. The brain tumor is one of the leading causes of death, globally. Various diagnostics techniques are used for the diagnosis of brain tumors such as MRI, biopsy, and others.

By Diagnostic Type
Imaging Test
MRI
CT Scan
Other
Lumbar Puncture
Biopsy
Molecular Testing
Others
By Tumor Type
Metastatic
Meningioma
Glioblastoma
Astrocytoma
Others
By End User
Hospitals
Diagnostics Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

MRI segment is Expected to Hold the Largest Market Share in the Brain Tumor Diagnostics Market

  • Dominant share is retained by the MRI segment owing to the attributes such as high application in the diagnosis of brain tumor. The rising prevalence of brain cancer cases across the world is expected to drive the demand for brain tumor diagnostics market over the forecast period. As per the Central Brain Tumor Registry of the United States report 2018, an additional 86,970 new cases of primary malignant and non-malignant brain and other CNS tumors are anticipated to be diagnosed in the United States in 2019. It represents an estimated 26,170 primary malignants and 60,800 non-malignants anticipated to be diagnosed in the United States in 2019.
  • Additionally, development is fueled by developments in scanning technologies such as open MRI devices, development in software, and superconductive magnets. Advances in contrasting agents such as the gadolinium-DTPA, paramagnetic contrasting agents are used as an intravenous injection to provide clear, reliable, and precise pictures in 20 minutes to 1 hour.
brain

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to maintain its supremacy in the overall brain tumor diagnostics market, throughout the forecast period. This is owing to factors such as the rising prevalence of brain cancer and the growing geriatric population. In the United States in 2018, the incidence of all primary malignant and non-malignant brain and other CNS tumors is 23.03 cases per 100,000, for a total count of 392,982 tumor incidences. Moreover, the excellently-established healthcare infrastructure coupled with rising awareness regarding advanced technologies among the population in this region and strong acceptance of developed diagnostics methods are also some of the key factors ensuring the dominance of the region.

Brain Tumor Diagnostics Market 2

Competitive Landscape

The brain tumor diagnostics market is competitive and consists of a few major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making collaborations, acquisition, and launching new products with the other companies to consolidate their market positions across the globe. Some of the companies which are currently dominating the market are GE Healthcare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Fujifilm Corporation, and Hitachi, Ltd.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalacne of Neurological Disorders

      2. 4.2.2 Rising Number of Smokers

    3. 4.3 Market Restraints

      1. 4.3.1 Heavy costs associated with diagnosis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Diagnostic Type

      1. 5.1.1 Imaging Test

        1. 5.1.1.1 MRI

        2. 5.1.1.2 CT Scan

        3. 5.1.1.3 Other

      2. 5.1.2 Lumbar Puncture

      3. 5.1.3 Biopsy

      4. 5.1.4 Molecular Testing

      5. 5.1.5 Others

    2. 5.2 By Tumor Type

      1. 5.2.1 Metastatic

      2. 5.2.2 Meningioma

      3. 5.2.3 Glioblastoma

      4. 5.2.4 Astrocytoma

      5. 5.2.5 Others

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Diagnostics Centers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 GE Healthcare

      2. 6.1.2 Koninklijke Philips N.V.

      3. 6.1.3 Siemens Healthcare GmbH

      4. 6.1.4 Fujifilm Corporation

      5. 6.1.5 Hitachi, Ltd.

      6. 6.1.6 Hologic, Inc.

      7. 6.1.7 NantOmics

      8. 6.1.8 Thermo Fisher Scientific

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Brain Tumor Diagnostics Market market is studied from 2018 - 2026.

The Brain Tumor Diagnostics Market is growing at a CAGR of 3.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

GE Healthcare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Fujifilm Corporation, Hitachi, Ltd. are the major companies operating in Brain Tumor Diagnostics Market.

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