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

The Business Research Company’s oncology devices market report forecasts the oncology devices market size to grow to $250.74 Billion by 2027, with a CAGR (compound annual growth rate) of more than 18%.

Learn More On The Oncology Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/oncology-devices-global-market-report

Oncology Devices Market Size Forecast

The global oncology devices market is expected to grow from $107.81 billion in 2022 to $128.33 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oncology devices market is expected to grow from $250.74 billion in 2027 at a CAGR of 18.2%.

North America held the largest oncology devices market share.

Key Oncology Devices Market Driver ­– Growth In Number Of Cancer Cases Globally

According to the American Cancer Society, there were 1.9 million new cases and 608,570 cancer deaths in 2021 in the USA. Therefore, the rise in cancer incidence is anticipated to boost the demand for the oncology drugs market.

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Key Oncology Devices Market Trend – Developing New Devices To Treat Cancer Patients

Major companies in the market, research institutes, and governments are continuously focusing on developing new devices to treat cancer patients. For instance, AIROS Medical Inc., a medical technology company based in the USA, launched AIROS 6 sequential compression therapy device and garment system to treat breast cancer patients. The advanced technology expanded upper extremity post-mastectomy treatment options for patients with lymphedema. 

Oncology Devices Market Segment

1) By Device Type: Brachytherapy Devices, Endoscopic Devices

2) By Therapy: Chemotherapy, Hormone Therapy, Biotherapy/Immunotherapy, Radiation Therapy

3) By End User: Hospitals, Cancer Research Institutes, Other End Users

Oncology Devices Market Major Players and Strategies

Major players in the oncology devices market are Eckert & Ziegler BEBIG, Oncura Inc., GE Healthcare, Medtronic PLC., Varian Medical Systems Inc., Elekta AB, Theragenics Corporation, Accuray Incorporated, Roche Diagnostics, and IBA Group.

In May 2021, GE Healthcare, a US-based manufacturer of medical devices, acquired Zionexa for an undisclosed amount. The acquisition would help GE healthcare to develop more personalised treatments for cancer. Zionexa is a French developer of cancer and neurology biomarkers.

The Oncology Devices Global Market Report 2023 covers regional data on oncology devices market size, oncology devices market trends and drivers, opportunities, strategies, and oncology devices market competitor analysis. The countries covered in the oncology devices 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.

Oncology devices are medical devices used in the diagnosis, management, and treatment of cancer.

View More Reports Related To The Oncology Devices Market –

Interventional Oncology Devices Global Market Report 2023

Oncology Biosimilars Global Market Report 2023

Oncology Molecular Diagnostics Global Market Report 2023

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