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According to The Business Research Company’s 2023 report, the global brain tumor drugs market will rise from $3.49 billion in 2022 to $3.74 billion in 2023, with a 7.1% CAGR. The market is projected to reach $4.74 billion in 2027, growing at a 6.1% CAGR.

What was the major driver in the brain tumor drugs market?
The global Brain Tumor drugs market is driven by the rising prevalence of Neurological Disorders worldwide. These disorders are increasingly common due to longer life spans, heightened infection exposure, and sedentary lifestyles. For instance, the National Brain Tumor Society reports approximately 700,000 primary brain tumor cases in the United States, with 86,000 more expected. Growing neurological disorder cases, including brain tumors, fuel the demand for drugs in this market.

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What was the key trend in the brain tumor drugs market?
Brain tumor drug market firms are adopting nanotechnology. Nanoparticles transport drugs to cancer cells or tumors, reducing dosage, extending shelf life, and lowering toxicity. Some nanodrugs overcome the blood-brain barrier, a major challenge. For example, Liposomes nanoparticles can efficiently deliver drugs to core cancer cells; when coated with transferrin, they can penetrate the blood-brain barrier. Companies like GE Healthcare, Sigma-Tau Pharmaceuticals Inc., Johnson & Johnson, Merck & Company Inc., Pfizer, Inc., and Celgene Corporation embrace this tech for better treatment methods.

Which was the largest region in the brain tumor drugs market?
North America was the largest region in the brain tumor drugs market in 2022. Middle East is expected to be the fastest-growing region in the global brain tumor drugs market share during the forecast period. The regions covered in the global brain tumor drugs market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the brain tumor drugs market prominent players?
Major players in the brain tumor drugs market are Pfizer Inc., Shimadzu Corporation, Toshiba Medical Systems, Merck & Co. Inc., AstraZeneca, Carestream Health, Philips Healthcare, Siemens Healthineers, Hitachi Medical Corporation and GE Healthcare.

Key brain tumor drugs market segments
The global brain tumor drugs market is segmented –
1) By Type: Medulloblastoma, Astrocytoma, Oligodendroglioma, Primitive Neuroectodermal (PNET), Others (Glioma, Acoustic Neuroma, Meningioma)
2) By Drugs: Temozolomide, Carmustine, Cisplatin, Bevacizumab, Geftinib, Erlotinib
3) By End User: Hospital Pharmacies, Clinics, Other End-Users

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The Brain Tumor Drugs Global Market Report 2023  provides a comprehensive overview on the brain tumor drugs market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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