Oncology Market report provides major statistics on the state of the industry and is a valuable source of opportunities and developments for firms and individuals attentive in the market. This report majorly focused on the Oncology market growth in demand, investment, trade and productivity with company profiles, product picture and specification. Oncology market report forecasts revenues for key applications across key regions with Manufacturing Cost Structure Analysis, Product Overview and Scope of Oncology market.
In many countries, the rates of smoking, which is a leading cause of cancer, have declined on account of growing health consciousness. However, the rates of other risk factors such as obesity is still pretty high in many regions. In addition, the global population is aging and it is no surprise that the risk of cancer increases with age. These factors will certainly augment the global oncology industry forecast over the next few years.
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The global oncology market is rapidly emerging as one of the most lucrative verticals within the healthcare and medical devices space and it is expected to record substantial gains in the future. Future trends and developments in the industry will be driven by the exponential rise in the number of cancer cases across the globe. Considering the importance of early detection in the treatment of cancer, different cancer diagnostic and therapeutic solutions are expected to be in demand over the next few years.
Cancer continues to be one of the leading causes of death worldwide. Surprisingly, the occurrence of cancer is higher in countries where people have a higher education level, standard of living, and life expectancy. The overall rate of deaths associated with cancer has been dropping over the years and the number of cancer survivors has increased considerably. These trends indicate that progress has been made in the field of oncology. However, a lot of work still needs to be done to make significant progress against the disease.
The cancer treatment market is poised to surpass an annual valuation of approximately US$285 billion by the end of 2026. These trends can be associated with ongoing research and development activities along with constant technological advances in cancer treatment methods such as radiotherapy and chemotherapy.
The global oncology industry share from colon & rectal cancer was estimated to be worth over US$22.5 billion in 2019 and it is estimated to grow substantially in the near future. Colorectal cancer, also known as colon cancer, rectal cancer, or bowel cancer, is among the leading causes of death in both men and women.
Considering the end-user, specialty clinics accounted for more than 5.1% of the global oncology market in 2019 and will continue to hold a fair share of the market in the forthcoming years. The consumer preference towards specialty clinics has been growing significantly.
Patients at specialty clinics have access to robust expertise, treatment, and resources that aren’t available in general hospitals. These clinics have years of experience in treating people with specific conditions. They provide patients with access to diagnosis, treatment, medical devices, equipment, and resources required to meet their specific needs.
In terms of the regional outlook, the oncology market in Latin America is slated to hit an annual valuation of more than US$30.6 billion by 2026.
Analysis of regional landscape:
- Based on geographical terrain, the Oncology market is segmented into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America.
- A performance summary of each region..
- Insights into the total sales, growth rate, and revenue generated by each geography is provided.
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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