Albany, NY -- (SBWIRE) -- 04/25/2018 -- Neuro-oncological diseases are the disorders that are typically caused due to the growth of a benign or malignant tumor in the brain or any part of the central nervous system. Neuro-oncological tumors are highly fatal, and so their diagnosis becomes a topic of foremost importance. There are a number of neuro-oncological diagnosis devices based on a variety of techniques for the diagnosis of neuro-oncological diseases. Due to the changing lifestyle, changing environmental conditions and other factors, the incidences of neuro-oncological diseases are increasing swiftly which in turn leads to the growth of neuro-oncological diagnosis device market.

As per the data of German Brain Tumour Association incidence rate of the malignant tumor is 3.4 per 1,00,000 people worldwide. Also, the association claims that every day 700 people are diagnosed with malignant tumors. This data clearly illustrates the requirement of neuro-oncological diagnosis devices worldwide. The higher resolution power and increased efficiency of the newer neuro-oncological diagnosis devices also make their market to boom.

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The market for neuro-oncological diagnosis devices is most likely to be driven by the worldwide statistics that shows the prevalence of cancer around the globe. Also, the growing incidence rates of neuro-oncological diseases will play a key role in the growth of the market. The advancement in the technology makes it easier for doctors to understand various types of neuro-oncological diseases and so they always prefer newer neuro-oncological diagnosis devices over the older neuro-oncological diagnosis devices. Neuro-oncological disorders are highly fatal, and therefore even the patients do not compromise with their safety and in the case of only a few symptoms they prefer to go for a neuro-oncological disease diagnostic test.

The neuro-oncological diagnosis devices are very expensive, but even this factor can not become a limitation to this market cost of neuro-oncological diagnosis devices can not overpower the function these devices perform. Hence, even after the high cost, the neuro-oncological diagnosis device market is projected to grow over the forecast period.

The market for the neuro-oncological diagnosis devices is currently in its growth phase. With the advancement in technology, neuro-oncological diagnosis devices with higher resolution power and better accuracy are being manufactured. The market for neuro-oncological diagnosis devices is expected to grow swiftly in the forecast period due to the increase in the number of patients suffering from neuro-oncological disorders. Also, the growing awareness of people about the advancements in the neuro-oncological diagnosis devices makes way for the growth of the market of devices with more sophisticated technologies. Neuro-oncological diagnosis devices like MRI machines are being manufactured which are based on the techniques like contrast enhancement and dynamic contrast enhancement.

The market for neuro-oncological diagnosis devices is most developed in the North American and European region owing to the funds that government provides for research and development of high-quality neuro-oncological diagnosis devices. The market for the devices is also increasing rapidly in Asia Pacific due to new policies of governments which fascinates manufacturers for manufacturing neuro-oncological diagnosis devices in these countries. Neuro-oncological diagnosis device usage is obligatory in the diagnosis of fatal diseases. Therefore, many under-developed economies of middle east and Africa also have a large market for neuro-oncological diagnosis devices.

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Some of the key participants of neuro-oncological diagnosis devices include Siemens Healthcare, Philips Healthcare, Toshiba Medical system Corporation, GE Healthcare, & Hitachi Medical systems.