Oncology Devices: Core Growth Enabler in the Rising Global Cancer Cases Drive Demand For Oncology Devices And Drugs Market, 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Oncology Devices Industry Market Size Be by 2025?
In the past few years, the oncology devices market size has expanded swiftly. The value is projected to increase from $150.3 billion in 2024 to around $177.72 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 18.2%. The surge in the historical period is linked to the increasing occurrence of cancer, the growth of the aging population, a heightened demand for customized cancer therapies, and genomic profiling.

What's the Long-Term Growth Forecast for the Oncology Devices Market Size Through 2029?
The market size for oncology devices is projected to witness a swift surge in the ensuing years. By 2029, it is anticipated to amplify to $341.67 billion, with a compound annual growth rate (CAGR) of 17.8%. The growth that is expected in the forecasted duration is due to factors such as the rise of minimally invasive surgical procedures, the introduction of biodegradable implants, worldwide healthcare expansion, models of value-based care, and integration of digital health. The forecast period also sees notable trends like improvement in radiation therapy, early diagnosis technologies, advances in oncology devices, the application of liquid biopsies and AI-driven decision support.

View the full report here:
https://www.thebusinessresearchcompany.com/report/oncology-devices-global-market-report

What Are the Key Growth Drivers Fueling the Oncology Devices Market Expansion?
The steady increase in cancer cases worldwide is predicted to enhance the oncology devices market's demand. Globally, cancer significantly impacts public health and is a primary cause of mortality, ranking second in the United States. The escalating rate of cancer incidence is fueling a rising need for oncology devices for cancer treatments. A case in point is the projection by Macmillan Cancer Support, a UK healthcare charity organization, in October 2022. The estimate suggests that by 2025, there will be 3.5 million people with cancer, swelling to 4 million by 2030, and reaching 5.3 million by 2040. As such, the uptick in cancer incidence is speculated to stimulate the oncology drugs market's demand.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3373&type=smp

What Are the Key Trends Driving Oncology Devices Market Growth?
Leading organizations active in the oncology devices sector are emphasizing on inventive products like the benchmark ultra plus system to increase their market revenue. Operated in pathology and diagnostic labs, this automated and integrated platform serves various lab procedures including preparation, staining and imaging of tissue samples and slides. For instance, F. Hoffmann-La Roche AG, a healthcare firm based in Switzerland with specialisation in oncology devices, in June 2022, introduced the benchmark ultra plus system. This system includes several enhancements such as a more intuitive software update, abilities for remote monitoring, a built-in touchscreen for a superior user interaction, and a more eco-friendly waste system along with product packaging. Its improved workflow, test efficiency and environmentally conscious features allow it to provide prompt, high-quality outcomes to doctors and patients.

How Is the Oncology Devices Market Segmented?
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, Radition Therapy
3) By End User: Hospitals, Cancer Research Institutes, Other End Users

Subsegments:
1) By Brachytherapy Devices: Afterloaders (High-Dose Rate (HDR) And Low-Dose Rate (LDR)), Applicators, Seeds, Accessories
2) By Endoscopic Devices: Endoscopes (Flexible, Rigid, Capsule), Endoscopic Ultrasound Systems, Endoscopic Accessories

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3373&type=smp

Which Companies Are Leading the Charge in Oncology Devices Market Innovation?
Major companies operating in the oncology devices market include Eckert & Ziegler BEBIG GmbH, Oncura Inc., GE Healthcare, Medtronic plc, Varian Medical Systems Inc., Elekta AB, Theragenics Corporation, Accuray Incorporated, Roche Diagnostics, IBA Group, Biogenex Laboratories, Becton Dickinson and Company, Siemens Healthineers, Philips Healthcare, Hologic Inc., IBA AG, ViewRay Inc., Canon Medical Systems Corporation, Brainlab, PerkinElmer, RaySearch Laboratories, Mevion Medical Systems, Vision RT, IsoRay, RefleXion Medical, Alpha Tau Medical, Nanobiotix, Mirada Medical Ltd., Navidea Biopharmaceuticals Inc.

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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3373

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.