Pune, India, March 15, 2021 (GLOBE NEWSWIRE) -- The global brain tumor drugs market is set to gain traction from increasing research and development activities conducted by renowned companies to improve treatment options available for brain tumors. Moleculin Biotech, Inc., for instance, collaborated with Emory University in December 2018. The latter will assist the company to broaden its cancer research on WP1066 molecules for the treatment of a pediatric malignant primary brain tumor called medulloblastoma. This information is given by Fortune Business Insights™ in a new report, titled, “Brain Tumor Drugs Industry, 2021-2028.”
“The report further states that this market is projected to grow from USD 2.83 billion in 2021 to USD 5.64 billion in 2028 at a CAGR of 10.4% in the forecast period.”
Presence of Reputed Companies to Help North America Lead in Upcoming Years
Geographically, North America earned USD 1.12 billion in terms of revenue in 2020. The region is anticipated to remain dominant throughout the forthcoming years on account of the larger access to state-of-the-art treatment options. Also, the strong presence of major players and increasing diagnosis rate of tumors in the U.S. would propel growth. On the other hand, Europe is likely to stand in the second position stoked by the rising government initiatives to surge awareness programs to help people understand the benefits of brain tumor drugs.
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Upgradation of Supply Chains to Impact Growth Positively amid COVID-19 Pandemic
The COVID-19 pandemic is set to affect growth of the brain tumor drugs industry positively because of the persistent efforts of various pharmaceutical companies to invest in their quality control & manufacturing management, enhance their R&D capabilities, and upgrade their supply chain management. In 2020, the market stood at USD 2.35 billion. We are providing in-depth research reports to help you find the best strategy to generate more sales.
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Rising Prevalence of Neurological Disorders to Bolster Brain Tumor Drugs Market Growth
The rising prevalence of neurological disorders among children and adults is set to be one of the vital factors driving the brain cancer drugs market growth. Brain disorders comprise an amalgamation of neurodegenerative, developmental, and psychiatric diseases. The American Medical Association (AMA), for instance, declared that more than 20% of the population worldwide is set to be aged over 65 years by 2050. However, the increasing adoption of targeted therapies may obstruct the demand for drugs of brain tumor in the upcoming years.
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The report delivers an elaborate assessment of numerous customers’ journeys related to the market, regions, and segments. It takes a closer look at fears and pain points across various customer touch points. Our business intelligence and consultation solutions would help stakeholders to refine customer experience maps catered to their requirements. They can improve customer experience and engagement with their own brands of brain tumor drugs.
A list of renowned drugs manufacturers operating in the global market:
- Pfizer Inc. (New York, U.S)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Novartis AG (Basel, Switzerland)
- Y-mAbs Therapeutics, Inc. (U.S)
- Merck & Co. Inc. (New Jersey, U.S)
- Johnson & Johnson (New Jersey, U.S)
- AstraZeneca (Cambridge, U.K)
- Bristol-Myers Squibb (New York, U.S)
- Other Players
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Some major points from Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments- Mergers, Acquisitions and Partnerships
- Overview of Regulatory Scenario, By Key Regions
- Product Launches By Key Players
- Impact of COVID-19 on the Market
- Epidemiology of Brain Cancer, Key Region
- Global Brain Tumor Drugs Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Therapy Type
- Targeted Therapy
- Chemotherapy
- Immunotherapy
- Others
- Market Analysis, Insights and Forecast – By Indication
- Pituitary Tumors
- Meningioma
- Glioblastoma
- Others
- Market Analysis, Insights and Forecast – By Distribution Channel
- Hospital Pharmacy
- Retail pharmacy
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Industry Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Therapy Type
- Targeted Therapy
- Chemotherapy
- Immunotherapy
- Others
- Market Analysis – By Indication
- Pituitary Tumors
- Meningioma
- Glioblastoma
- Others
- Market Analysis – By Distribution Channel
- Hospital Pharmacy
- Retail pharmacy
- Others
- Market Analysis – By Country
- U.S.
- By Indication
- Pituitary Tumors
- Meningioma
- Glioblastoma
- Others
- By Indication
- Canada
- By Indication
- Pituitary Tumors
- Meningioma
- Glioblastoma
- Others
- By Indication
- U.S.
Continued...
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