The 7 major meningioma markets reached a value of US$ 1.4 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 3.9 Billion by 2034, exhibiting a growth rate (CAGR) of 9.79% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 1.4 Billion |
Market Forecast in 2034
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US$ 3.9 Billion |
Market Growth Rate 2024-2034
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9.79% |
The meningioma market has been comprehensively analyzed in IMARC's new report titled "Meningioma Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Meningioma is a type of tumor that arises from the meninges, which are the protective membranes that surround the brain and spinal cord. The symptoms of the ailment can vary depending on the tumor's size, location, and proximity to critical structures. Some of the common indications may include persistent headaches, seizures, visual disturbances like blurred vision or loss of peripheral vision, hearing loss or ringing in the ears, weakness or numbness in the limbs, difficulties with balance or coordination, changes in mental function or personality, hormonal imbalances, etc. The diagnosis of meningioma involves a combination of clinical evaluation, imaging studies, and pathological examination. The process typically begins with a comprehensive medical history and physical exam to assess symptoms and neurological function. Numerous imaging techniques, such as magnetic resonance imaging (MRI) and computed tomography (CT) scans, play a crucial role in visualizing the tumor as well as determining its size, location, and potential involvement of surrounding structures. Immunohistochemical staining is also performed to confirm the presence of meningioma cells and determine their characteristics. Additionally, molecular and genetic testing may be conducted to provide further insights into the tumor's behavior and treatment options.
The increasing prevalence of genetic mutations or alterations that impair normal cellular processes and result in uncontrolled cell growth as well as tumor formation is primarily driving the meningioma market. In addition to this, the rising demand for targeted therapies, such as somatostatin receptor analogs, tyrosine kinase inhibitors, mTOR inhibitors, etc., which aim to disrupt signaling pathways specific to meningiomas, thereby potentially improving treatment outcomes, is also bolstering the market growth. Furthermore, the escalating adoption of intraoperative imaging, including intraoperative MRI and CT scans, for achieving more precise tumor resection and reducing the risk of complications is acting as another significant growth-inducing factor. Additionally, the emerging popularity of fractionated radiotherapy, since it allows for improved tumor control while minimizing damage to healthy surrounding tissues, is also creating a positive outlook for the market. Moreover, the ongoing advancements in stereotactic radiosurgery procedures, such as the introduction of gamma knife and linear accelerator-based systems, which provide enhanced dose planning algorithms, real-time tumor tracking, and better patient immobilization techniques, are expected to drive the meningioma market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the meningioma market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for meningioma and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the meningioma market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current meningioma marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Gleolan | NX Development Corp |
NEO 100 | Neonc Technologies, Inc |
Pembrolizumab | Merck & Co |
GSK2256098 | GlaxoSmithKline |
Capivasertib | Astex Therapeutics/AstraZeneca |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Meningioma: Current Treatment Scenario, Marketed Drugs and Emerging Therapies