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Acoustic Neurinoma Market By Types (Unilateral acoustic neurinoma, Bilateral acoustic neurinoma); By Treatment (Pharmacological intervention, Surgical intervention, Radiation therapy); By End-User (Hospitals, Diagnostic centers, Academic and Research institutes) - Global Demand Analysis & Opportunity Outlook 2027

Published On : 03:38 AM, 11th July, 2018 REP-ID-898 Category: Healthcare

Global Acoustic Neurinoma Market Overview

Acoustic neurinoma (also known as acoustic neuroma, vestibular schwannoma, or acoustic neurilemoma) is a benign, usually slow-growing tumor that develops from the balance and hearing nerves supplying the inner ear. The tumor comes from an overproduction of Schwann cells—the cells that normally wrap around nerve fibers like onion skin to help support and insulate nerves. As the acoustic neurinoma grows, it affects the hearing and balance nerves, usually causing unilateral (one-sided) or asymmetric hearing loss, tinnitus (ringing in the ear), and dizziness/loss of balance. As the tumor grows, it can interfere with the face sensation nerve (the trigeminal nerve), causing facial numbness. Acoustic neurinoma can also affect the facial nerve (for the muscles of the face) causing facial weakness or paralysis on the side of the tumor. If the tumor becomes large, it eventually presses against nearby brain structures (such as the brainstem and the cerebellum), becoming life-threatening.

Market Size & Forecast

Acoustic neurinoma market is anticipated to record a significant CAGR over the forecast period. Many multi-national companies are concentrating towards new product advances in acoustic neuroma. Moreover, the prediction of neurinoma being inheritable acts as a market growth of the acoustic neurinoma market.

The increasing R&D activities and technological advancements along with the government initiatives taken in the development and progress of the healthcare sector is estimated to aid the acoustic neurinoma treatment market improve over the years of forecast i.e. 2018-2027. Furthermore, the increasing demand for minimally invasive or non-invasive treatment methods is estimated to help the acoustic neurinoma or neuroma market expand.

neuroma market

On the basis of regional platform, global acoustic neuroma market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is expected to hold the largest shares in the acoustic neuroma market owing to the regions innate nature of adopting advanced technologies in healthcare in their primitive stage. The presence of large number of market players present in the region supporting R&D activities behave as certain more factors helping in the acoustic neurinoma market growth.

Asia-Pacific is expected to be the most lucrative region due to increased health disorders in the geriatric as well as the middle age populaces.

Market Segmentation

Our-in depth analysis of the global acoustic neuroma market includes the following segments:

By Types

  • Unilateral acoustic neurinoma
  • Bilateral acoustic neurinoma

By Treatment

  • Pharmacological intervention
    • Anticonvulsants
    • Corticosteroids
    • Osmotic diuretics
    • Pain killers
  • Surgical Intervention
  • Radiation therapy
    • Stereotactic radiotherapy
    • Proton beam therapy

By End-User

  • Hospitals
  • Diagnostic centers
  • Academic and Research institutes

By Region

Global acoustic neurinoma market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Acoustic Neurinoma  Market Share

Growth Drivers & Challenges

The possibility of neurinoma returning after treatment has been observed in 1 out of every 20 patients according to National Health Service (NHS), U.K, which is estimated to act as a key market driver of the acoustic neurinoma market. The rising R&D activities by various market players to enhance their product portfolio along with various government initiatives for the improvement of the healthcare sectors of the associated nations is estimated to increase the market growth. Moreover, increasing technological innovations in healthcare sectors, higher efficiency of equipment and procedures accompanied by outstanding therapeutic response is expected to upsurge the acoustic neurinoma market growth across the globe. Also the demand for minimally invasive treatment methods will expand the acoustic neuroma market globally.

However, the rarity of this type of tumor in the existing population and its unpredictable nature is anticipated to behave as some of the key factors in the restriction of the acoustic neurinoma market growth. Furthermore, the cost constraints associated with the treatment of these tumors and their restricted availability in developing regions of the Asia Pacific and Middle East are estimated to hinder the market growth.

Key Players

  • GE Healthcare
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Siemens Healthcare
  • Philips Healthcare
  • Shimadzu Corporation
  • Toshiba Medical Systems Corporation
  • F. Hoffmann-La Roche Ag
  • Merck & Co., Inc.
  • Novartis AG
  • Pfizer Inc.
  • Electa

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Acoustic Neurinoma Market is segmented as follows:

  • By Neurinoma Type Market Size & Y-O-Y Growth Analysis
  • By Treatment Type Market Size & Y-O-Y Growth Analysis
  • By End-User Industries Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

 

 

 

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