Pediatric Brain Tumor Market Overview

The global pediatric brain tumor  is growing at the CAGR of 6.8% during the forecast period and expected to reach USD 1843.7 Million by 2022-2030. , according to the latest research report from Market Research Future (MRFR). The global pediatric brain tumor market is mainly driven by the growing awareness about the disease and the increasing investment being made by government agencies in finding effective cures for the disease and the growing prevalence of pediatric brain cancer around the world. Pediatric brain tumor can be defined as an unnatural growth of a normal cell inside the brain of a children. These tumors are of two types cancerous (malignant) and noncancerous (benign). The type is quite common in children. Governments are putting in great effort to counter this type of disease, which is giving substantial traction to the global pediatric brain tumor market.

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Changing lifestyle factors have triggered a growth in the global prevalence of pediatric brain tumors over the last few years. This is likely to be the main driver for the global pediatric brain tumor market over the forecast period, as the growing prevalence of the disease has raised awareness among parent demographics as well as mobilizing a steady stream of funding from government healthcare agencies to study and tackle the disease. The emotional factor behind pediatric brain cancer is also likely to play a key role in the growth of the global pediatric brain tumor market over the forecast period, as promotional campaigns for pediatric cancer often get more attention from governments and the general populace alike than campaigns focusing on adult cancer. The emotional factor behind pediatric brain cancer is also likely to play a key role in the growth of the global Pediatric Brain Tumor Market   over the forecast period, as promotional campaigns for pediatric cancer often get more attention from governments and the general populace alike than campaigns focusing on adult cancer.

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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 growing healthcare infrastructure in the U.S., Germany, the UK, France, and other leading nations around the world, and the rising funding for clinical trials is likely to be a major driver for the global pediatric brain tumor market over the forecast period. Research efforts aimed at discovering definitive cures for pediatric cancer are likely to play a key role in the growth of the global pediatric brain tumor market over the forecast period, as the causality and progression mechanism of pediatric brain cancer is not understood in its entirety.

Pediatric Brain Tumor Market Segmentation

• The global pediatric brain tumor market has been segmented on the basis of type into gliomas, mixed neuronal-glial tumors, embryonal tumors, choroid plexus papilloma/carcinoma, non-neuroepithelial tissue tumors, meningeal tumors, and others. Gliomas are further sub-segmented into astrocytomas, 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. Non-neuroepithelial tissue tumors are further sub-segmented into craniopharyngioma, pineal region tumors, and others.
• On the basis of diagnosis, the global pediatric brain tumor market 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), computed tomography (CT), positron emission tomography (PET), angiograms, and others. The brain or spinal cord tumor biopsy segment is further subdivided into stereotactic needle biopsy, craniotomy, and others.
• On the basis of treatment, the pediatric brain tumor market is segmented into surgery, therapies, drug treatment, and others. The surgery segment is further sub-segmented into surgical biopsy, resection (removal), shunt placement/revision, and others. Therapies include radiation therapy, chemotherapy, targeted therapy, and others. Chemotherapy includes Carboplatin, Carmustine (BCNU), Cisplatin, Cyclophosphamide, Etoposide, Lomustine (CCNU), Methotrexate, Temozolomide, Thiotepa, Vincristine, and others. The drug treatment segment is further sub-segmented into corticosteroids, anti-seizure drugs (anti-epileptics), hormones, and others.
• On the basis of end user, the global pediatric brain tumor market is segmented into hospitals and clinics, medical research centers, academic institutes, and others.

Pediatric Brain Tumor Market Regional Analysis

North America has the better market coverage and it can grow in the coming years with strong contributions made by the US and Canada. This is due to high level of awareness better market percolation of various industries, hike in healthcare expenditure, and various other factors. Europe is also in the line to earn revenues. The regional healthcare sector has similar market benefits like that of North America. In the APAC region, the market can depend on revamping healthcare sector, which can fetch in better revenues for the market.

By considering the pediatric brain tumor market on a region-specific level, MRFR included regions like North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW). These segments are expected to thrive on various demographic features that can be studied to increase the profit margin in the coming years.

Pediatric Brain Tumor Market Players

• AbbVie Inc. (US)
• (US)
• Agios, Inc. (US)
• Akorn, Inc. (US)
• Bayer AG (US)
• Baxter (US)
• Novartis AG (Switzerland)
• Epizyme, Inc. (US)
• Mylan N.V. (US)

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