Community Oncology Services Market Overview: Market Size, Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest community oncology services market share.
The global community oncology services market is expected to grow from $47.95 billion in 2022 to $53.79 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The global community oncology services market size is expected to grow to $81.33 billion in 2027 at a CAGR of 10.9%.
Major Driver In The Community Oncology Services Market – Growth In Lower-Cost Care In Community Oncology Centres
According to a report issued by the Community Oncology Alliance, the cost of cancer care per patient per month for various tumours in community-based clinics (CCs) was around $12,000, whereas the cost of cancer care in hospital-based oncology clinics (HCs) was over $20,000. Furthermore, the cost of chemotherapy treatment in a community setting was nearly $5,000 per patient per month, compared to around $8,500 in hospital-based clinics. As a result, the cheap cost of community oncology settings or community oncology centres is predicted to promote demand for community oncology services in the forecast years.
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Key Community Oncology Services Market Segments
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, Liver Cancer, Ovarian Cancer, Prostate Cancer, Skin Cancer, Pancreatic Cancer, Blood Cancer, Colorectal Cancer, Other Cancers3) By Therapy Type: Medical Oncology, Radiation Oncology, Surgical Oncology, Other Therapies
Recent Community Oncology Services Market Trend – Undergoing Various Acquisitions And Research Collaborations
Major corporations are acquiring and collaborating on research in the community oncology services industry to extend their services and offers, which has grown in prominence in recent years. According to a Community Oncology Alliance report issued in April 2020, the rate of community oncology practises acquired by hospitals increased by 9.7% between 2018 and 2020. Carle Health, for example, will buy The Community Cancer Centre, a US-based facility that provides community-based cancer care, in August 2020. Carle Health is a hospital and healthcare corporation established in the United States with over 9,500 employees across five hospitals and affiliated healthcare businesses.
Community Oncology Services Market Prominent Players
Major players in the community oncology services market are Community Care Physicians P.C., Nebraska Cancer Specialists, US Oncology, Inc. (McKesson Corporation), Tufts Medical Centre., Doctors Medical Centre, Oncology Specialists, S.C. and Baptist Cancer Centre.
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The Community Oncology Services Global Market Report 2023 provides a comprehensive overview on the community oncology services market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the community oncology services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A private physician who does not work for a hospital or a medical institution is included in community oncology. It is used to benefit the community.
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