Press release
Oncology Devices Market: Rapid Growth and Advancements Transforming Cancer Care
The oncology devices market has witnessed substantial growth in recent years, showcasing an upward trajectory from $128.46 billion in 2023 to a projected $153.93 billion in 2024, reflecting a remarkable compound annual growth rate (CAGR) of 19.8%. Forecasts indicate continued rapid expansion, reaching $298.31 billion by 2028, with a CAGR of 18.0%. This surge is attributed to various factors, with a significant focus on the rising demand for chemotherapy, product innovations, and advancements in cancer treatment.
Rising Demand for Chemotherapy Driving Market Growth
The oncology devices market is experiencing a substantial boost due to the increasing demand for chemotherapy. Chemotherapy, a systemic treatment targeting rapidly dividing cells, including cancer cells, relies on oncology devices for precise drug delivery, minimizing systemic toxicity, reducing side effects, and enhancing overall efficiency. A report from Healthcare IT News projects a surge in chemotherapy demand from 10 million to 15 million by 2040. This escalating demand is a key driver propelling the growth of the oncology devices market.
Explore the Global Oncology Devices Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3373&type=smp
Key Players Shaping the Landscape
Major companies contributing to the oncology devices market include Eckert & Ziegler BEBIG GmbH, Oncura Inc., GE Healthcare, Medtronic PLC, Varian Medical Systems Inc., Elekta AB, and more. These market players are placing a strong emphasis on product innovations to drive revenues. The introduction of benchmark ultra plus systems stands out as an example of this strategy. This fully automated and integrated platform is utilized in pathology and diagnostic laboratories, streamlining laboratory processes, and delivering high-quality results with optimized workflows, testing effectiveness, and environmentally friendly features.
Innovations in Cancer Treatment with AI-Enhanced Devices
The oncology devices market is witnessing continuous efforts in the development of innovative devices to enhance cancer treatment. AIROS Medical Inc. has introduced the AIROS 6 sequential compression therapy device and garment system, specifically designed for breast cancer patients. This advanced technology expands post-mastectomy treatment options for patients with lymphedema, showcasing the industry's commitment to improving cancer care through technological advancements.
Global Dynamics and Segmentation
As of 2023, North America dominates the oncology devices market, with Asia-Pacific following closely as the second-largest region.
The oncology devices market covered in this report is segmented -
1) By Device Type: Brachytherapy Devices, Endoscopic Devices
2) By Therapy: Chemotherapy, Hormone Therapy, Biotherapy/Immunotherapy, Radiation Therapy
3) By End User: Hospitals, Cancer Research Institutes, Other End Users
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/oncology-devices-global-market-report
Oncology Devices Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Oncology Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on oncology devices market size, oncology devices market drivers and trends, oncology devices market major players, competitors' revenues, market positioning, and market growth across geographies. The oncology devices market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Oncology Biosimilars Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oncology-biosimilar-global-market-report
Oncology Biomarkers Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oncology-biomarkers-global-market-report
Oncology Molecular Diagnostics Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oncology-molecular-diagnostics-global-market-report
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
Rising Demand for Chemotherapy Driving Market Growth
The oncology devices market is experiencing a substantial boost due to the increasing demand for chemotherapy. Chemotherapy, a systemic treatment targeting rapidly dividing cells, including cancer cells, relies on oncology devices for precise drug delivery, minimizing systemic toxicity, reducing side effects, and enhancing overall efficiency. A report from Healthcare IT News projects a surge in chemotherapy demand from 10 million to 15 million by 2040. This escalating demand is a key driver propelling the growth of the oncology devices market.
Explore the Global Oncology Devices Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3373&type=smp
Key Players Shaping the Landscape
Major companies contributing to the oncology devices market include Eckert & Ziegler BEBIG GmbH, Oncura Inc., GE Healthcare, Medtronic PLC, Varian Medical Systems Inc., Elekta AB, and more. These market players are placing a strong emphasis on product innovations to drive revenues. The introduction of benchmark ultra plus systems stands out as an example of this strategy. This fully automated and integrated platform is utilized in pathology and diagnostic laboratories, streamlining laboratory processes, and delivering high-quality results with optimized workflows, testing effectiveness, and environmentally friendly features.
Innovations in Cancer Treatment with AI-Enhanced Devices
The oncology devices market is witnessing continuous efforts in the development of innovative devices to enhance cancer treatment. AIROS Medical Inc. has introduced the AIROS 6 sequential compression therapy device and garment system, specifically designed for breast cancer patients. This advanced technology expands post-mastectomy treatment options for patients with lymphedema, showcasing the industry's commitment to improving cancer care through technological advancements.
Global Dynamics and Segmentation
As of 2023, North America dominates the oncology devices market, with Asia-Pacific following closely as the second-largest region.
The oncology devices market covered in this report is segmented -
1) By Device Type: Brachytherapy Devices, Endoscopic Devices
2) By Therapy: Chemotherapy, Hormone Therapy, Biotherapy/Immunotherapy, Radiation Therapy
3) By End User: Hospitals, Cancer Research Institutes, Other End Users
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/oncology-devices-global-market-report
Oncology Devices Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Oncology Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on oncology devices market size, oncology devices market drivers and trends, oncology devices market major players, competitors' revenues, market positioning, and market growth across geographies. The oncology devices market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Oncology Biosimilars Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oncology-biosimilar-global-market-report
Oncology Biomarkers Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oncology-biomarkers-global-market-report
Oncology Molecular Diagnostics Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oncology-molecular-diagnostics-global-market-report
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
