Affordable Cancer Care In Community Oncology Centers A Driving Force For Market Growth Driving Market Acceleration in the Community Oncology Services Industry, 2025

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What Will the Community Oncology Services Industry Market Size Be by 2025?
The size of the community oncology services market has seen substantial growth in recent times. The market is set to expand from $50.54 billion in 2024 to $54.44 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%. The growth witnessed in the past can be linked to enhanced healthcare spending, a swift rise in the aging population, and reforms in health insurance policies.

What's the Long-Term Growth Forecast for the Community Oncology Services Market Size Through 2029?
The market for community oncology services is predicted to observe robust expansion in the forthcoming years, reaching a worth of $75.96 billion in 2029 with an 8.7% compound annual growth rate (CAGR). This growth during the forecast timeline can be credited to the rising instances of cancer, lifestyle changes, and increased funding for healthcare infrastructure. Key trends in the prediction period include emphasis on offering telehealth services, establishing partnerships and collaborations, crafting personalized service packages, technological progress, and business mergers and acquisitions.

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What Are the Key Growth Drivers Fueling the Community Oncology Services Market Expansion?
The anticipated surge in demand for community oncology services is believed to be stimulated by the lower-cost treatment available in community oncology centers. Community oncology centers offer cancer care services that are perceived to be more affordable than hospital-based alternatives. As stated in a report by the Community Oncology Alliance, the cost of treating diverse cancers in community-based clinics (CCs) amounted to roughly $12,000 per patient per month, which starkly contrasts with the nearly $20,000 expense in hospital-based oncology clinics (HCs). Moreover, the monthly per patient expenditure for chemotherapy treatment in a community setting stood at almost $5,000, significantly less than the approximate $8,500 required in hospital-based clinics. Consequently, the advantageous lower cost of community oncology settings or community oncology centers is projected to catalyze the demand leading to the expansion of the community oncology services market in coming years.

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What Are the Key Trends Driving Community Oncology Services Market Growth?
Leading corporations in the community oncology services market are expanding their service offerings and footprint through acquisitions and research affiliations. These endeavors have become increasingly mainstream in recent years. For example, TPG, a private equity firm from the US, teamed up with AmerisourceBergen Corporation, an American wholesale company, in April 2023 to buy out OneOncology for a staggering 2.1 billion. This strategic acquisition enabled TPG and AmerisourceBergen to bolster their standing in the exclusive practice network and enhance their capabilities in the oncology sector. OneOncology, a US-based entity, is committed to revolutionizing patient experience and addressing the unique challenges of community oncology, while consistently leading the charge in cancer care.

How Is the Community Oncology Services Market Segmented?
The community oncology services market covered in this report is segmented -

1) By Type: Small Community Oncology Clinics, Medium Community Oncology Clinics, Large Community Oncology Clinics
2) By Cancer Type: Breast Cancer, Lung Cancer, Kidney Cancer, Ovarian Cancer, Prostate Cancer, Skin Cancer, Pancreatic Cancer, Blood Cancer, Colorectal Cancer, Other Cancer Types
3) By Therapy Type: Medical Oncology, Radiation Oncology, Surgical Oncology, Other Therapies

Subsegments:
1) By Small Community Oncology Clinics: Independent Oncology Practices, Single-Physician Oncology Offices, Community-Based Cancer Screening and Prevention Services
2) By Medium Community Oncology Clinics: Multi-Physician Oncology Practices, Integrated Community Cancer Centers, Outpatient Treatment Facilities, Community-Based Clinical Trials
3) By Large Community Oncology Clinics: Comprehensive Cancer Centers, Academic-affiliated Community Oncology Practices, Multi-disciplinary Treatment Centers, Specialized Oncology Services

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Which Companies Are Leading the Charge in Community Oncology Services Market Innovation?
Major companies operating in the community oncology services market include The US Oncology Network, OneOncology, Florida Cancer Specialists & Research Institute (FCS), The Oncology Institute, Community Care Physicians, P.C. (CCP), GenesisCare, CStone Pharma, CARsgen Therapeutics, JW Therapeutics, BeiGene, Nanjing Legend Pharmaceutical & Chemical Co., Ltd, Zai Labare, Taxane HealthCare Pvt Ltd, Getwell Oncology, Novartis Oncology, Celgene, Johnson & Johnson, Janssen Pharma, Pharmacyclics, Healthkind Labs Pvt Ltd, Arlak Biotech, SwisscheM Healthcare Pvt Ltd, Apikos Pharma, Kolaz Biotech, Quironsalud Proton Therapy Centre, The London Clinic England, Institut Gustave Roussy, Netherlands Cancer Institute, European Medical Center, Yauza Medical Center, Celon Pharma, Nebraska Cancer Specialists, Tufts Medical Center, Doctors Medical Center, Oncology Specialists SC, Baptist Cancer Center, Mayo Clinic, Cleveland Clinic, Fred Hutchinson Cancer Research Center, The University of Texas Southwestern Medical Center, Abramson Cancer Center, McKesson Corporation, TUTEUR Argentina, Takeda Pharmaceutical Company Limited, Pierre Fabre Group, Celnova Pharma, King Hussein Cancer Center (KHCC), Princess Noorah Oncology Center (PNOC), King Abdulaziz Medical City, King Faisal Specialist Hospital and Research Centre, King Fahd Specialist Hospital, Prince Sultan Medical Military City, King Saud Medical City, King Abdullah Medical City, Tawam Hospital, Icon Oncology, Eurolab Science Laboratuvar, Yemaachi Biotechnology, Regal Pharmaceuticals Limited, Ocean Road Cancer Institute

Which Regions Are Leading the Global Community Oncology Services Market in Revenue?
North America was the largest region in the community oncology services market in 2024. Western Europe was the second largest region in the global oncology services market. The regions covered in the community oncology services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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