Press release
Oncology Devices Market: Rapid Growth and Advancements Transforming Cancer Care
Oncology Devices Market
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oncology Devices Market: Rapid Growth and Advancements Transforming Cancer Care here
News-ID: 3356279 • Views: …
More Releases from The Business research company
Competitive Analysis: Leading Companies and New Entrants in the Wire Arc Additiv …
The wire arc additive manufacturing cell market is rapidly gaining traction as industries increasingly embrace advanced metal 3D printing technologies. With significant investments and technological breakthroughs, this sector is set to experience remarkable growth, transforming manufacturing processes across multiple fields. Let's explore the market's size, influential players, key trends, and segmentation to understand its future trajectory.
Projected Expansion of the Wire Arc Additive Manufacturing Cell Market
The wire arc additive manufacturing cell…
Future Perspectives: Key Trends Shaping the Viscosupplementation Treatment for A …
The viscosupplementation treatment for arthritis market is on the verge of significant expansion, driven by advances in medical technology and a growing demand for effective arthritis therapies. With increasing awareness around early intervention and new treatment options, this sector is poised for rapid development over the coming years. Let's explore the market size, key players, emerging trends, and segment-wise forecasts that define this growing industry.
Projected Market Growth and Size of…
Segmentation, Major Trends, and Competitive Overview of the Viral Vector Develop …
The viral vector development service market is set to experience substantial growth in the coming years, driven by technological progress and increasing demand from various sectors. As gene therapies and advanced treatments gain prominence, the need for efficient viral vector production and development is becoming more critical. Let's explore the market size projections, key players, emerging trends, and the segment structure shaping this industry's future.
Projected Expansion and Market Size of…
Competitive Landscape: Leading Companies and New Entrants in the Transient Elast …
The transient elastography market is poised for substantial expansion as advancements in healthcare diagnostics continue to evolve. Increasing emphasis on non-invasive techniques and early disease detection is driving widespread adoption, setting the stage for strong market growth in the coming years. Let's explore the current market valuation, leading players, emerging innovations, and key segments shaping this industry.
Projected Market Value and Growth of the Transient Elastography Market
The transient elastography market is…
More Releases for Device
Medical Device Regulatory Affairs Market Medical Device Regulatory Affairs Marke …
"Medical Device Regulatory Affairs Market" in terms of revenue was estimated to be worth $ 6.7 billion in 2024 and is poised to reach $ 18.3 billion by 2034, growing at a CAGR of 10.8% from 2025 to 2034 according to a new report by InsightAce Analytic.
Request For Free Sample Pages:
https://www.insightaceanalytic.com/request-sample/1913
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global medical device regulatory…
Surge In Wireless Device Usage Boosts Wireless Audio Device Market Driving Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Wireless Audio Device Market Size By 2025?
In recent years, there has been remarkable growth in the wireless audio device market size. The market, which is projected to expand from $41.85 billion in 2024 to $52.37 billion in 2025, boasts a compound annual growth rate (CAGR) of 25.1%. Factors contributing…
Anti-snoring Device Market - Quiet Nights, Restful Sleep: Anti-snoring Device In …
Newark, New Castle, USA: The "Anti-snoring Device Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Anti-snoring Device Market: https://www.growthplusreports.com/report/antisnoring-device-market/8931
This latest report researches the industry structure, sales, revenue,…
Global Watch Clock Measuring Device Market | Watch Clock Measuring Device Indust …
Watch, clock and measuring device market comprises of the sales of watch, clock, measuring device & related services to measure the time and physical quantity. Watch is portable timepiece, which is worn by people around the wrist, attached by a strap. Clock is a device used to measure and indicate time, using the pointers moving over a dial. Measuring device is an instrument used for measuring the various parameters in…
Peripheral Vascular Device Market Size, Peripheral Vascular Device Market Share, …
Global Peripheral Vascular Device Market Size is observed to gain traction owing to the factors such as increasing research and development for developing several new product, and rising funding by the private organizations.
Request for Sample of This Research Report @ https://bit.ly/2xjOKpC
Top Key Player:-
Abbott Laboratories
Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
The Spectranetics Corporation
Volcano Corporation
Peripheral vascular disorder (PVD) is a blood circulation disorder…
Medical Device Technologies Market - The Evolution of Medical Device Technologie …
The global medical device technologies market is anticipated to be boosted by various well-known players in the market. Some of these players that are dealing with the manufacturing of in vitro diagnostic devices hold a significant share in the global market. Whereas, the small market players are emerging from several developing nations, looking to set their foot in the market. Such measures are foreseen to change the market scenario in…
