Oncology Market Expected to Witness High Growth over the Forecast Period 2028
Global Market Insights added a report on global Oncology Market that provide in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.
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The oncology market is anticipated to witness robust growth by 2028 owing to rising incidences of cancer across the globe. In addition, soaring liquor and tobacco consumption, coupled with surging emphasis on drug development, is slated to further bolster market growth over the forecast period.
Significant development in medical imaging technology have enabled interventional oncologists to incorporate image-guided treatments into clinical practice, allowing for targeted cancer treatment. Interventional oncology is promoting more concentrated treatments via locoregional delivery directly to the tumor, sparing as much healthy tissue as possible, particularly in organ tumors and cancers where systemic treatments are less effective, which has been favorable for oncology market outlook.
Recently, industry players have been adopting profitable strategies to gain a competitive edge in the sector, thereby enhancing market dynamics. For instance, on November 2021, GE Healthcare, a key firm in the space, performed an early investigation and demonstrated that artificial intelligence (AI) and robotics have the potential to improve precision for out-of-plane needle placement while also lowering overall procedure time.
Notably, the COVID-19 pandemic severely impacted every element of cancer care and research, with numerous countries around the world classifying screening and oncology care services as low-priority services, thereby hindering market growth. However, with widespread immunization drives and growing focus on accelerating economic growth, the industry is regaining its pre-COVID momentum.
The oncology market has further been segmented into cancer diagnostics & treatment, cancer type, end-use, and region. The cancer diagnostics & treatment segment has been divided into cancer diagnostics and cancer treatment. The cancer treatment sub-segment is anticipated to be valued at over USD 301.6 billion by the end of 2028.
Partial Table of Contents (ToC) of the report:
Chapter 4 Global Oncology Market, By Cancer Diagnostics & Treatment
4.1 Key segment trends
4.2 Cancer diagnostics
4.2.1 Market size, by region, 2017-2028 (USD Million)
4.2.2 Tumor biomarker tests
4.2.2.1 Market size, by region, 2017-2028 (USD Million)
4.2.3 Imaging
4.2.3.1 Market size, by region, 2017-2028 (USD Million)
4.2.4 Biopsy
4.2.4.1 Market size, by region, 2017-2028 (USD Million)
4.2.5 Liquid biopsy
4.2.5.1 Market size, by region, 2017-2028 (USD Million)
4.2.6 Immunohistochemistry
4.2.6.1 Market size, by region, 2017-2028 (USD Million)
4.2.7 In Situ Hybridization
4.2.7.1 Market size, by region, 2017-2028 (USD Million)
4.3 Cancer treatment
4.3.1 Market size, by region, 2017-2028 (USD Million)
4.3.2 Chemotherapy
4.3.2.1 Market size, by region, 2017-2028 (USD Million)
4.3.3 Targeted therapy
4.3.3.1 Market size, by region, 2017-2028 (USD Million)
4.3.4 Immunotherapy
4.3.4.1 Market size, by region, 2017-2028 (USD Million)
4.3.5 Hormonal therapy
4.3.5.1 Market size, by region, 2017-2028 (USD Million)
4.3.6 Others
4.3.6.1 Market size, by region, 2017-2028 (USD Million)
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