Global Oncology Devices Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
30 Sep, 2021
The oncology devices market consists of sales of oncology devices and related services provided by the manufacturer of oncology devices. Oncology is a branch of science that investigates cancer cells. Oncology devices are medical devices used in the diagnosis, management, and treatment of cancer including breast cancer, lung cancer, pancreatic cancer, blood cancer, ovarian cancer, gastric cancer, skin cancer, kidney cancer, and brain tumor.
Global Oncology Devices Market Size And Drivers:
The global oncology devices market is expected to grow from $96.335 billion in 2020 to $110.44 billion in 2021 at a compound annual growth rate (CAGR) of 14.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $196.963 billion in 2025 at a CAGR of 16%. A growing number of cancer cases across the globe is anticipated to boost the demand for the oncology devices market.
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Trends In The Global Oncology Devices Market
Major companies in the market, research institutes and governments are continuously focusing on developing new devices to treat cancer patients. For instance, AIROS Medical Inc., a medical technology company based in the USA, launched AIROS 6 sequential compression therapy device and garment system to treat breast cancer patients. The advanced technology expanded upper extremity post-mastectomy treatment options for patients with lymphedema.
Global Oncology Devices Market Segments:
The global oncology devices market is further segmented –
By Device Type: Brachytherapy Devices, Endoscopic Devices
By Therapy: Chemotherapy, Hormone Therapy, Biotherapy/Immunotherapy, Radiation Therapy
By End User: Hospitals, Cancer Research Institutes, Others
By Geography: The global oncology devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Oncology Devices Market At:
https://www.thebusinessresearchcompany.com/report/oncology-devices-global-market-report-2020-30-covid-19-growth-and-changeOncology Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides oncology devices market overviews, analyzes and forecasts market size and growth for the global oncology devices market, oncology devices market share, oncology devices market players, oncology devices market segments and geographies, oncology devices market’s leading competitors’ revenues, profiles and market shares. The oncology devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.