Oncology Devices Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Oncology Devices Global Market Report 2023 identifies growing number of cancer cases across the globe as the major driver for the oncology devices market's growth in the forecast period. Cancer is a major health problem across the globe and is the second leading cause of death in the USA. The increasing incidence of cancer is contributing to the surge in demand for oncology devices to treat cancer patients. The four most common types of cancer globally are prostate, lung, bowel, and female breast cancer, accounting for 43% of all new cancer cases.

The global oncology devices market size grew from $107.81 billion in 2022 to $128.33 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global oncology devices is expected to grow from $250.74 billion in 2027 at a CAGR of 18.2%.

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Major competitors in the oncology devices market are Eckert & Ziegler BEBIG, Oncura Inc., GE Healthcare, Medtronic PLC., Varian Medical Systems Inc., Elekta AB, Theragenics Corporation, Accuray Incorporated.

A key trend in the oncology devices market includes technological advancement. 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.
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The oncology devices market is segmented -
• By Device Type: Brachytherapy Devices, Endoscopic Devices

• By Therapy: Chemotherapy, Hormone Therapy, Biotherapy/Immunotherapy, Radiation Therapy

• By End User: Hospitals, Cancer Research Institutes, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the oncology devices market.

The Business Research Company's "Global Oncology Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Oncology Devices Market Include:
1. Executive Summary
2. Oncology Devices Market Characteristics
3. Oncology Devices Market Trends And Strategies
4. Oncology Devices Market - Macro Economic Scenario
5. Oncology Devices Market Size And Growth
……
26. Africa Oncology Devices Market
27. Oncology Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oncology Devices Market
29. Oncology Devices Market Future Outlook and Potential Analysis
30. Appendix

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