What Will The Oncologists Market Look Like In 2023?
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 oncologists market report forecasts the oncologists market size to grow to $21.30 Billion by 2027, with a CAGR (compound annual growth rate) of 2%.
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Oncologists Market Size Forecast
The global oncologists market is expected to grow from $19.13 billion in 2022 to $19.62 billion in 2023 at a compound annual growth rate (CAGR) of 3%. 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 oncologists market is expected to reach $21.30 billion in 2027 at a CAGR of 2%.
North America held the largest oncologists market share.
Key Oncologists Market Driver – Growth In Prevalence Of Cancer
According to the American Cancer Society’s 2021 report, 1.8 million new instances of cancer were reported in 2020. Furthermore, the National Cancer Institute, a US-based federal body that is part of the National Institutes of Health, reported 1,806,590 new cancer cases in September 2020, a 43% rise from 2019. As a result, the rising occurrence of cancer is propelling the oncologists’ industry.
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Key Oncologists Market Trend – New Innovations
To expand their position in the oncology sector, major players are focusing on developing innovative digital solutions. For example, in December 2021, The Roche Group, a biotech business based in Switzerland and a pioneer in pharmaceuticals and diagnostics, will introduce its latest digital solution, “Navify Oncology Hub.” The new system is designed to streamline clinical process and improve decision support for cancer care teams and oncologists. The solution aids in the consolidation and organisation of disparate patient data across an institution’s IT platforms.
Oncologists Market Segment
1) By Cancer Diagnostics and Treatment: Cancer Diagnostics, Cancer Treatment
2) By Indication: Lungs Cancer, Colorectal Cancer, Breast Cancer, Liver Cancer, Bladder Cancer, Head and Neck Cancer, Prostate Cancer, Other Indications
3) By End Use: Hospitals, Diagnostic Laboratories, Diagnostic Imaging Centers, Specialty Clinics, Academia, Other End Uses
Oncologists Market Major Players and Strategies
Major players in the oncologists market are Abramson Cancer Center, MD Anderson Cancer Center, Lilavati Hospital & Research Centre, Mount Elizabeth Hospital, Mount Miriam Cancer Hospital, Charité University Hospital, GE Healthcare, F Hoffmann La Roche AG, Pfizer Inc, Bayer AG, Merck & Co Inc, Aegerion Pharmaceuticals Inc, Abbvie Inc, Amgen Inc, and Takeda Pharmaceuticals USA Inc.
Siemens Healthineers AG, a Germany-based medical technology and healthcare business, acquired Varian Medical Systems, Inc. in April 2021 for an unknown sum. This acquisition will allow for the provision of assistance for cancer patients as well as all main clinical routes. This acquisition is expected to help us combat rising cancer rates by addressing the need for personalised, data-driven cancer diagnosis and care. Varian Medical Systems, Inc. is a provider of radiation oncology software and therapies situated in the United States.
The Oncologists Global Market Report 2023 covers regional data on oncologists market size, oncologists market trends and drivers, opportunities, strategies, and oncologists market competitor analysis. The countries covered in the oncologists 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.
Oncologists are medical professionals that specialise in the diagnosis and treatment of cancer. Oncologists examine the patient, diagnose cancer, and make therapy recommendations. They work with cancer patients to treat and care for them.
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Oncology Biosimilars Global Market Report 2023
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