Press release
Rise In Cancer Cases Drives Demand For Cancer Clinical Decision Tools: An Emerging Driver Transforming The Cancer Clinical Decision Tools Market Landscape
Cancer Clinical Decision Tools
What Is the Projected Growth of the Cancer Clinical Decision Tools Market?
The cancer clinical decision tools market has grown strongly in recent years. It will increase from $0.5 billion in 2024 to $0.55 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth is attributed to the rising prevalence of cancer, the increasing complexity of cancer treatments, the demand for personalized medicine, the shift toward value-based healTH*Care, the availability of cancer data, and government support for cancer research.
The cancer clinical decision tools market is projected to grow strongly, reaching $0.79 billion in 2029 at a CAGR of 9.8%. Contributing factors include global aging, clinical research, evidence-based practices, and patient-centered care. Trends involve AI-enabled decision systems, predictive tools, remote consultations, interoperability, and regulatory alignment.
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What Are the Different Cancer Clinical Decision Tools Market Segments?
The cancer clinical decision tools market covered in this report is segmented -
1) By Type: Risk Assessment Tool(RAT), Qcancer
2) By End-User: Hospital, Clinics
Subsegments:
1) By Risk Assessment Tool (RAT): Family History Assessment, Genetic Testing and Counseling, Lifestyle and Environmental Risk Factors Evaluation
2) By Qcancer: Symptom Checker, Risk Calculator, Guideline-Based Recommendations
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What Are the Primary Drivers Shaping the Cancer Clinical Decision Tools Market?
The global increase in cancer cases is expected to support the growth of the cancer clinical decision tools market. For example, in January 2022, the American Cancer Society estimated around 1.9 million new cancer cases and 609,360 deaths in the US, with roughly 1,670 deaths per day. The four most prevalent cancer types-lung, prostate, bowel, and female breast-account for 43% of all new cases. This growing incidence is anticipated to fuel demand for clinical decision tools that aid in faster treatment planning, thereby contributing to market growth.
Which Companies Are Leading in the Cancer Clinical Decision Tools Market?
Major companies operating in the cancer clinical decision tools market include McKesson Corporation, Medical Information Technology Inc., Philips HealTH*Care, Siemens Healthineers AG, Elsevier B.V., Macmillan Publishers Limited, National Decision Support Company, Cerner Corporation, GE HealTH*Care, Allscripts HealTH*Care Solutions Inc., Epic Systems Corporation, 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.
What Trends Are Expected to Dominate the Cancer Clinical Decision Tools Market in the Next 5 Years?
Leading companies in the cancer clinical decision tools market are developing innovative products like the BenchMark Ultra Plus tissue staining system to gain a competitive edge. In June 2022, F. Hoffmann-La Roche AG launched the BenchMark Ultra Plus system, which enhances the tissue staining process for faster, more accurate pathology results, optimizing cancer diagnostics and improving workflow efficiency for pathologists.
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What Are the Top Revenue-Generating Geographies in the Cancer Clinical Decision Tools Market?
The countries covered in the cancer clinical decision tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cancer Clinical Decision Tools Market?
2. What is the CAGR expected in the Cancer Clinical Decision Tools Market?
3. What Are the Key Innovations Transforming the Cancer Clinical Decision Tools Industry?
4. Which Region Is Leading the Cancer Clinical Decision Tools Market?
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