The global brain and spinal cord cancer market is anticipated to grow at a considerable CAGR of 9.0% during the forecast period (2024-2031). The rising pervasiveness of brain tumor is one of the prime factors affecting and driving the market. According to statistics issued by the American Cancer Society’s publication, Cancer Facts & Figures 2021 highlighted that this year an estimated 24,530 adults that include 13,840 men along with 10,690 women in the US will be diagnosed with cancer tumor related with brain and spinal cord. Additionally, exposed to a type of radiation known as ionizing radiation can be harmful in increasing the risk factor related with brain tumor, which in turn, is driving the market.
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The key players operating in the global brain and spinal cord cancer market had been adopting strategy to gain major market share. For instance, in February 2020, one of the clinical stage pharmaceutical companies named as WPD Pharmaceuticals had done the partnership with CNS Pharmaceuticals for the purpose of initiating a phase I clinical trial for Berubicin, an anthracycline, in paediatric brain cancer in Poland at the Children’s Memorial Health Institute.
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Market Coverage
- Segment Covered-
o By Type
o By Diagnostic Test
o By Treatment
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- DAIICHI SANKYO CO., LTD., GENERAL ELECTRIC CO., Lilly, Siemens Healthcare GmbH, and WPD Pharmaceuticals
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Brain and Spinal Cord Cancer Market – Segmentation
By Type
- Grade I
- Grade II
- Grade III
- Grade IV
By Diagnostic Test
- Imaging Tests
- Magnetic Resonance Imaging (MRI) Scan
- Computed Tomography (CT) Scan
- Positron Emission Tomography (Pet) Scan
By Treatment
- Surgery
- Therapy
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