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Emerging Sub-Segments Transforming the Community Oncology Services Market Landscape
Community Oncology Services Market
Strong Growth Predictions for the Community Oncology Services Market
The community oncology services market is projected to grow substantially, reaching $74.67 billion by 2029. This marks a compound annual growth rate (CAGR) of 8.3% over the forecast period. The market's upward trajectory is driven by factors such as the increasing incidence of cancer, shifts in lifestyle patterns, and rising investments in healthcare infrastructure globally. Important trends expected to influence growth include expanding telehealth offerings, enhanced partnerships and collaborations, the development of personalized treatment plans, ongoing technological innovations, and a wave of mergers and acquisitions.
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Key Factors Boosting Growth in Community Oncology Services
One primary driver of the market is the growing prevalence of cancer worldwide, which creates a heightened demand for accessible oncology care services within local communities. As cancer rates rise, healthcare providers are focusing on expanding services closer to patients' homes to improve convenience and outcomes.
Another important force behind market expansion is the ongoing investment in healthcare infrastructure, particularly in community-based settings. This enables the introduction of advanced treatments and technologies that meet patients' needs more effectively. Additionally, changes in lifestyle and awareness around early cancer detection contribute to increased utilization of community oncology services.
Top Companies Leading the Community Oncology Services Market
Several prominent players are shaping the community oncology services industry, including:
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, and Ocean Road Cancer Institute.
View the full community oncology services market report:
https://www.thebusinessresearchcompany.com/report/community-oncology-services-global-market-report
Recent Collaborations Highlight Expansion Efforts
In September 2023, American Oncology Network, LLC (AON), a US-based collective of community oncology practices, partnered with Digital Transformation Opportunities Corp. This alliance aims to grow the AON network by adding new providers, expanding ancillary services, and enhancing existing care offerings to better serve the broader oncology market. Digital Transformation Opportunities Corp. specializes in healthcare-focused innovations, underscoring the importance of technology in advancing community oncology.
Emerging Trends and New Opportunities in Community Oncology
The community oncology services sector is experiencing a surge in mergers and research collaborations as companies seek to broaden their capabilities and offerings. For example, in April 2023, OneOncology was acquired for $2.1 billion by TPG, a private equity firm, and AmerisourceBergen Corporation, a wholesale distributor. This move strengthens their position within the specialty practice network and enhances their oncology care solutions.
OneOncology is recognized for its commitment to transforming patient experiences and addressing challenges in community oncology, positioning itself as a leader in advancing cancer care through innovation and collaboration.
Breakdown of Market Segments in Community Oncology Services
This market report categorizes community oncology services into several key segments:
By Type:
- Small Community Oncology Clinics
- Medium Community Oncology Clinics
- Large Community Oncology Clinics
By Cancer Type:
- Breast Cancer
- Lung Cancer
- Kidney Cancer
- Ovarian Cancer
- Prostate Cancer
- Skin Cancer
- Pancreatic Cancer
- Blood Cancer
- Colorectal Cancer
- Other Cancer Types
By Therapy Type:
- Medical Oncology
- Radiation Oncology
- Surgical Oncology
- Other Therapies
Further subcategories within clinic size include:
Small Clinics: Independent Oncology Practices, Single-Physician Oncology Offices, Community-Based Cancer Screening and Prevention Services
Medium Clinics: Multi-Physician Oncology Practices, Integrated Community Cancer Centers, Outpatient Treatment Facilities, Community-Based Clinical Trials
Large Clinics: Comprehensive Cancer Centers, Academic-affiliated Community Oncology Practices, Multi-disciplinary Treatment Centers, Specialized Oncology Services
This detailed segmentation helps stakeholders understand the diverse service models and cancer types addressed within the community oncology services market.
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