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The brain tumor diagnostics market size is forecast to increase by USD 152.9 million, at a CAGR of 3.4% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and research. Brain tumor segmentation, a crucial aspect of diagnostics, is undergoing constant refinement through neurological examinations and various imaging techniques. Optical coherence tomography (OCT) and neuropsychological testing offer non-invasive alternatives to traditional diagnostic methods. The diagnostic imaging workflow is being streamlined with the integration of pet scan tracers and radiomics feature extraction. Near-infrared spectroscopy and contrast-enhanced CT provide additional insights into tumor characteristics. Perfusion MRI techniques, magnetic resonance spectroscopy, and liquid biopsy markers are also gaining traction. Machine learning algorithms, deep learning models, and computer-aided detection are revolutionizing the field, enabling more accurate and efficient diagnoses.
Advanced neuroimaging techniques, such as diffusion tensor imaging, functional MRI studies, and tumor vascularity assessment, offer enhanced visualization of brain structures and tumors. Molecular imaging agents, tissue microarray analysis, and immunohistochemical staining provide valuable information on the tumor microenvironment. Pituitary adenoma imaging and meningioma detection are specific applications of these techniques. Image registration algorithms, gene expression profiling, and glioblastoma characterization are other areas of ongoing research. The use of artificial intelligence diagnostics, exosome-based diagnostics, and advanced imaging technologies continues to unfold, offering new possibilities for improved brain tumor diagnostics. This dynamic landscape underscores the importance of staying informed and adaptable in this rapidly evolving market.
The brain tumor diagnostics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The imaging test segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant advancements, driven by the increasing prevalence of brain tumors and cancer. Neurological examinations remain the initial diagnostic method, but medical imaging techniques, such as optical coherence tomography, neuropsychological testing, and diagnostic imaging workflows, are increasingly utilized for more accurate and timely diagnoses. Advanced imaging modalities, including pet scan tracers, radiomics feature extraction, near-infrared spectroscopy, contrast-enhanced CT, perfusion MRI techniques, magnetic resonance spectroscopy, and molecular imaging agents, are revolutionizing brain tumor diagnostics. Liquid biopsy markers and gene expression profiling are also gaining popularity for their non-invasive nature and potential for early detection.
Machine learning algorithms, deep learning models, and artificial intelligence diagnostics are being integrated into imaging systems to enhance accuracy and efficiency. Image-guided biopsies, cell-free DNA detection, and functional MRI studies provide more precise and less invasive diagnostic methods. Tumor vascularity assessment, immunohistochemical staining, exosome-based diagnostics, and computer-aided detection are other advanced techniques contributing to the market's growth. The market is further propelled by the development of advanced neuroimaging techniques, such as diffusion tensor imaging, CT scan protocols, multimodal image fusion, and tumor microenvironment analysis. These advancements aim to improve diagnostic accuracy, reduce invasiveness, and enhance patient outcomes.
The Imaging test segment was valued at USD 422.90 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 51% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant advancements, with various technologies and techniques contributing to improved accuracy and early detection. In 2023, North America led the global market, with the US being a major contributor due to a focus on personalized medicine and research grants, such as the USD3.7 million grant awarded by the National Institutes of Health (NIH) to the Washington University School of Medicine for an open-source database to enhance precision medicine for brain tumors. Neurological examinations remain the initial step in brain tumor diagnosis, followed by advanced diagnostic imaging workflows. Technologies like optical coherence tomography, near-infrared spectroscopy, and magnetic resonance spectroscopy offer non-invasive methods for assessing tumor characteristics.
Furthermore, molecular imaging agents, such as pet scan tracers, and advanced neuroimaging techniques, including perfusion MRI and diffusion tensor imaging, provide valuable insights into tumor vascularity and structure. Liquid biopsy markers, radiomics feature extraction, and machine learning algorithms are emerging as promising tools for diagnosing brain tumors. Computer-aided detection, image-guided biopsy, and deep learning models further streamline the diagnostic process. Functional MRI studies, tumor microenvironment analysis, and gene expression profiling offer a more comprehensive understanding of brain tumors, leading to more accurate diagnoses and personalized treatment plans. Meningioma detection, pituitary adenoma imaging, and exosome-based diagnostics are other areas of focus in the market.
Image registration algorithms and multimodal image fusion are essential for integrating data from multiple imaging modalities, while immunohistochemical staining and tissue microarray analysis provide valuable histological information. In conclusion, the market is experiencing rapid growth, driven by advancements in imaging technologies, molecular markers, and artificial intelligence diagnostics. These innovations are enabling earlier and more accurate diagnoses, ultimately improving patient outcomes.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The brain tumor diagnostics market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the brain tumor diagnostics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, brain tumor diagnostics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amgen Inc. - The company specializes in advanced brain tumor diagnostics through its CT Brain Perfusion 4D technology, providing precise and comprehensive imaging analysis for accurate diagnosis and treatment planning. This innovative solution leverages four-dimensional computed tomography to assess cerebral blood flow and metabolism, enabling medical professionals to make informed decisions in managing brain tumors.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Brain Tumor Diagnostics Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.4% |
Market growth 2024-2028 |
USD 152.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.3 |
Key countries |
US, Germany, UK, China, Japan, France, Canada, Mexico, India, and South Africa |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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