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Global Brain Cancer Diagnostics Industry Revenues To Grow At Nearly 4.1% By 2031 | GE Healthcare, NantOmics, Biocept, Inc.

04-10-2023 12:38 PM CET | Health & Medicine

Press release from: Global Insight Services

Global Brain Cancer Diagnostics Industry Revenues To Grow

The global brain cancer diagnostics market was valued at USD 1.6 billion in 2021 and it is anticipated to grow further till USD 2.4 billion by 2031, at a CAGR of 4.1% during the forecast period.

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Extracellular growth in the brain, such as primary and secondary brain tumors, is referred to as brain cancer. While secondary tumors or metastases are those that are brought on by cancers that started in another region of the body, primary brain tumors originate in the brain and do not spread to other parts of the body. There are 40 different varieties of brain tumors that can be classified, and these types are divided into two main categories: benign tumors, which are slow-growing and less prone to spread, and cancerous tumors, which are more likely to do so. There are various factors that lead to brain cancer and are more prevalent in people with particular hereditary or gene disorders.

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Market Trends and Drivers

It is anticipated that factors like technological breakthroughs from traditional procedures will fuel revenue growth in the brain cancer diagnostics market. The diagnostic equipment's speed and accuracy have both increased as a result, producing improved results that may finally allow for the earlier use of medicines. Global brain cancer prevalence is predicted to significantly rise in the coming years, supporting market expansion. Increased cigarette smoking and other environmental pollutants, which cause brain cancer, are one of the main contributing factors. This year, there are projected to be 78,000 new primary brain tumour diagnoses, of which 53,000 are non-malignant and 25,000 are malignant.

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Global Brain Cancer Diagnostics Market Segmentation

By Test Type

Magnetic Resonance Spectroscopy
PET Scan
Single Photon Emission CT scan
Spinal Tap
Magnetic Resonance Imaging

By Cancer Type

Acoustic Neuroma
Astrocytoma
Chordomas
Ependymomas

By End User

Hospitals
Cancer Diagnostic Center
Cancer Research Institutes

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Major Players in the Global Brain Cancer Diagnostics Market

The key players studied in the report are THERMO FISHER SCIENTIFIC INC, Siemens Healthineers AG, GE Healthcare, MDxHealth, NantOmics, Biocept, Inc., Koninklijke Philips N.V., Canon Medical Systems, Hitachi, Ltd, and Neusoft Medical Systems among others.

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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