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Cancer Clinical Decision Tools Market Forecast 2024-2033: Size, Drivers, and Emerging Trends
Cancer Clinical Decision Tools Market Forecast
According to The Business Research Company's, The cancer clinical decision tools market size has grown rapidly in recent years. It will grow from $0.45 billion in 2023 to $0.5 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to growing prevalence of cancer, increasing complexity of cancer treatment, rising demand for personalized medicine, growing adoption of value-based healthcare, increasing availability of cancer data, government support for cancer research and development.
The cancer clinical decision tools market size is expected to see rapidly grown in the next few years. It will grow to $0.72 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to global aging population, patient engagement and shared decision-making, patient-centric care, clinical research and evidence-based medicine. Major trends in the forecast period include advancements in medical imaging, ai-driven clinical decision support, telemedicine and remote consultations, predictive analytics, interoperability and data standards, ethical and regulatory considerations.
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Market Drivers and Trends:
The rise in the number of cancer cases across the globe is likely to contribute to the growth of the cancer clinical decision tools market. For instance, in January 2022, according to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the US, or roughly 1,670 fatalities every day. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43 percent of all new cancer cases. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43 percent of all new cancer cases. Therefore, the rise in cancer incidence rates across the globe will increase the demand for cancer clinical decision tools to make treatment decisions faster, thereby contributing to the cancer clinical decision tools market growth.
Major companies operating in the cancer clinical decision tools market are exploring innovative products such as the BenchMark Ultra Plus tissue staining system to gain a competitive advantage. The BenchMark Ultra Plus system optimizes tissue staining for faster and more accurate pathology results. For instance, in June 2022, F. Hoffmann-La Roche AG, a Switzerland-based healthcare company, launched the BenchMark Ultra Plus tissue staining system, which boasts improved workflow efficiency, testing processes, and sustainability features. This innovative system empowers pathologists to deliver high-quality, time-sensitive results to medical professionals and patients. The BenchMark Ultra Plus system represents the next step in the BenchMark series' evolution, automating previously manual slide-by-slide processes and revolutionizing cancer diagnostics.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
McKesson Corporation; Medical Information Technology Inc.; Philips Healthcare; Siemens Healthineers AG; Elsevier B.V.; Macmillan Publishers Limited; National Decision Support Company; IBM Watson Health; Cerner Corporation; GE Healthcare; Allscripts Healthcare Solutions Inc.; Epic Systems Corporation; Koninklijke Philips N.V.; RaySearch Laboratories AB; Elekta AB; Varian Medical Systems Inc.; Accuray Incorporated; F. Hoffmann-La Roche Ltd.; Flatiron Health Inc.; Tempus Labs Inc.; NantHealth Inc.; Syapse Inc.; Inspirata Inc.; Oncora Medical Inc.; Prognos Health Inc.; Deep 6 AI Inc.; PathAI Inc.; Enlitic Inc.; Ibex Medical Analytics Ltd.; Zebra Medical Vision Ltd.; Aidoc Medical Ltd.
Cancer Clinical Decision Tools Market 2024 Key Insights:
• The cancer clinical decision tools market size will grow to $0.72 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Rise In Cancer Cases Drives Demand For Cancer Clinical Decision Tools
• Innovative Products Transforming Cancer Clinical Decision Tools Market
• North America was the largest region in the cancer clinical decision tools market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
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