Community Oncology Services Global Market To Reach Value Of About $70 Billion In 2025

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The community oncology services market consists of sales of community oncology services by entities (organizations, sole traders and partnerships) of health practitioners who practice community oncology as a private physician-owned business not part of a hospital or academic or medical teaching institution. The community oncology practice may be only a single oncologist, with one office and a support staff of physician extenders, nurses, pharmacists, or pharmacy technicians and other staff. Only goods and services traded between entities or sold to end consumers are included.

Global Community Oncology Services Market Size And Drivers:

The global community oncology services market is expected to decline from $70.98 billion in 2020 to $70.78 billion in 2021 at a compound annual growth rate (CAGR) of -0.3%. The slow decline is attributed to COVID-19 restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The community oncology services market is expected to reach $69.97 billion in 2025 at a CAGR of -0.2%. The lower-cost care in community oncology centers is anticipated to boost the demand for the community oncology service market.

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Trends In The Global Community Oncology Services Market

Major companies are undergoing various acquisition and research collaboration in the community oncology services market to expand their services and offerings, which is gaining significant popularity over the recent years. For instance, in August 2020, The Community Cancer Center, a US-based clinic engaged in providing community-based cancer care, was acquired by Carle Health. Carle Health is a US-based hospital and healthcare company with more than 9,500 employees in its five hospitals and associated healthcare business. Amgen Inc., also launched Amgen Community Oncology Research Collaborators (ACORC), a new initiative to improve access to innovative oncology clinical research for community centers.

Global Community Oncology Services Market Segments:
The global community oncology services market is further segmented –
By Type: Small Community Oncology Clinics, Medium Community Oncology Clinics, Large Community Oncology Clinics
By Cancer Type: Breast Cancer, Lung Cancer, Kidney Cancer, Liver Cancer, Ovarian Cancer, Prostate Cancer, Skin Cancer, Pancreatic Cancer, Blood Cancer, Colorectal Cancer, Others
By Therapy Type: Medical Oncology, Radiation Oncology, Surgical Oncology, Others
By Geography: The global community oncology services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Community Oncology Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides community oncology services market overviews, analyzes and forecasts market size and growth for the global community oncology services market, community oncology services market share, community oncology services market players, community oncology services market segments and geographies, community oncology services market’s leading competitors’ revenues, profiles and market shares. The community oncology services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.