Press release
Pediatric Brain Tumors Market Poised for 6.9 % Growth, Set to Hit $1.83 Billion by 2029
Pediatric Brain Tumors
The growing demand for personalized medicine is expected to drive the pediatric brain tumor market forward. Personalized medicine tailors treatments based on a patient's genetic makeup, lifestyle, and health needs, offering more effective therapies and reducing side effects. Advancements in genetic research and improved diagnostic tools have fueled this demand. For example, in 2023, the FDA approved 16 new personalized treatments for rare disease patients, a significant increase from six in 2022. Personalized medicine enables targeted treatments for pediatric brain tumors, improving outcomes and reducing adverse effects, which is driving the growth of the pediatric brain tumor market.
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What growth opportunities are expected to drive the pediatric brain tumors market's CAGR through 2034?
The pediatric brain tumor market has expanded, growing from $1.4 billion in 2024 to $1.5 billion in 2025 at a CAGR of 7.1%. This growth is attributed to the rising incidence of pediatric brain tumors, increasing investments in research and development, growing demand for diagnostic technology, and the increasing global burden of pediatric tumors.
The pediatric brain tumor market is set to grow steadily, reaching $1.83 billion by 2029, with a CAGR of 5.1%. Growth in this period is attributed to precision medicine adoption, molecular profiling advancements, targeted therapy expansion, improved healthcare infrastructure, and broader insurance coverage. Key trends include advancements in MRI, PET, and CT scanning technologies, genetic and molecular profiling for treatment, development of targeted therapies, introduction of immunotherapies, and increasing minimally invasive surgical techniques.
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What are the emerging trends shaping the future of the pediatric brain tumors market?
In the pediatric brain tumors market, companies are developing targeted therapies such as type II RAF inhibitors to enhance treatment outcomes for pediatric low-grade gliomas (pLGG). These inhibitors target RAF kinases, which are mutated in some pediatric brain tumors. For example, in April 2024, Day One Biopharmaceuticals, a US-based biotech company, received FDA accelerated approval for OJEMDA (tovorafenib) for treating relapsed or refractory pLGG in children aged 6 months and older with BRAF alterations. This makes OJEMDA the first FDA-approved drug for BRAF fusion or mutation in pediatric brain tumors, offering a significant advancement for this patient population.
Which growth-oriented segments of the pediatric brain tumors market are leading the industry's development?
The pediatric brain tumors market covered in this report is segmented -
1) By Type: Gliomas, Mixed Neuronal-Glial Tumors, Embryonal Tumors, Choroid Plexus Papilloma Or Carcinoma, Tumors Arising From Non-Neuroepithelial Tissue, Meningeal Tumors
2) By Treatment Type: Surgery, Radiation Therapy, Chemotherapy, Targeted Therapy, Immunotherapy
3) By Diagnosis Method: Imaging Techniques, Biopsy, Neurological Exam, Lumbar Puncture
4) By Age Group: Infants, Toddlers, Children, Adolescents
5) By Application: Hospitals And Clinics, Medical Research Centers, Academic Institutes, Other Applications
Subsegments:
1) By Gliomas: Low-Grade Gliomas, High-Grade Gliomas
2) By Mixed Neuronal-Glial Tumors: Gangliogliomas, Dysembryoplastic Neuroepithelial Tumors (DNET)
3) By Embryonal Tumors: Medulloblastoma, Atypical Teratoid Rhabdoid Tumor (ATRT), Primitive Neuroectodermal Tumors (PNET)
4) By Choroid Plexus Papilloma or Carcinoma: Choroid Plexus Papilloma, Choroid Plexus Carcinoma
5) By Tumors Arising from Non-Neuroepithelial Tissue: Rhabdomyosarcoma, Ewing's Sarcoma
6) By Meningeal Tumors: Meningiomas, Hemangiopericytomas
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What regions are leading the charge in the pediatric brain tumors market?
North America was the largest region in the pediatric brain tumors market in 2024. The regions covered in the pediatric brain tumors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the pediatric brain tumors market?
Major companies operating in the pediatric brain tumors market are AbbVie Inc., Bayer AG, Novartis AG, Roche Holding AG, Takeda Pharmaceutical Company, UCLA Health, Ipsen Pharma, Novocure, Blueprint Medicines, Karyopharm Therapeutics Inc., Renaissance Pharma, Servier Laboratories, Matica Biotechnology, Curis Inc., Oncoheroes Biosciences, Treovir Inc., Plus Therapeutics Inc., Stemline Therapeutics Inc., BrainChild Bio Inc., Seattle Children's Therapeutics
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What Is Covered In The Pediatric Brain Tumors Global Market Report?
•Market Size Forecast: Examine the pediatric brain tumors market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pediatric brain tumors market for a structured understanding.
•Key Players Overview: Analyze major players in the pediatric brain tumors market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pediatric brain tumors market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pediatric brain tumors market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pediatric brain tumors market.
•Industry Challenges: Identify potential risks and obstacles affecting the pediatric brain tumors market.
•Competitive Landscape: Review strategic developments in the pediatric brain tumors market, including expansions, agreements, and new product launches.
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