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In May 2019, Australian company Kazia Therapeutics collaborated with the “Alliance for Clinical Trials in Oncology Foundation” on clinical trials for metastatic brain cancer treatment. Brain cancer is referred as the growth of abnormal cells in the brain. Some are non-cancerous or benign, and some are cancerous or malignant. The exact cause of brain cancer is not known; however, some of the identified factors that may increase the risk of brain cancer are exposure to ionizing radiation or the family history of brain tumour. The signs and symptoms of a brain tumour vary greatly and depend on the brain tumour’s size, location and rate of growth. The general symptoms include headache, gradual loss of sensation, difficulty in balance, speech difficulties, hearing problems. The treatment for brain cancer depends upon the type, size and location of the tumour. The main treatments are surgery, radiotherapy, chemotherapy, radiosurgery, and carmustine implants.
Key Market Driver -
Rising prevalence of brain cancer, growing research activities for developing novel treatments
Key Market Restraint -
High costs and side effects associated with existing treatment options
Factors such as the rising prevalence of brain cancer, growing research activities for developing novel treatments and increased government funding for brain cancer treatment research are expected to drive the growth of the global brain cancer therapeutics market during the forecast period. However, the high cost of the therapeutics, adverse side effects associated with cancer treatment medications, are projected to hamper the market growth during the forecast period.
Some of the major companies that are present in the brain cancer therapeutics market include F. Hoffmann-La Roche AG, Merck and Co. Inc., Novartis AG, Eisai Co. Ltd., Pfizer Inc., Bayer AG, and others.
North America is projected to dominate the global brain cancer therapeutics market over the forecast period, followed by Europe. The dominance of North America is mainly attributed to the developed healthcare infrastructure, rising awareness regarding the adoption of advanced technologies among the patients and the presence of a large patient population. On the other hand, Asia Pacific is expected to witness the fastest growth during the forecast period.
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Increasing accessibility to healthcare facilities, evolving healthcare infrastructure and the large population suffering from brain cancer are the factors projected to drive the growth of the market in the Asia Pacific region. Latin America and Middle East America are also expected to have substantial growth in the brain cancer therapeutics market during the forecast period.
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