Key Trends and Insights into the Oncology Devices Market: Growth Rate and Opportunities to 2034
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the oncology devices market grown over the years?
The market for oncology devices has seen significant expansion recently. The market will surge from $150.3 billion in 2024 to $178.95 billion in 2025 at a 19.1% compound annual growth rate (CAGR). The historic development can be linked to an increase in cancer cases, the expanding elderly population, a heightened request for individualized cancer therapies, and genomic profiling.
What Is the forecasted market size and growth rate for the oncology devices market?
The market size of oncology devices is projected to witness substantial expansion in the coming years, reaching $346.48 billion by 2029, growing at a CAGR of 18.0%. The growth during the forecast period can be credited to factors such as minimally invasive surgical methods, biodegradable implants, worldwide healthcare expansion, value-driven care models, and integration of digital health. Key trends anticipated during the forecast timeframe include progress in radiation therapy, technologies for early detection, breakthroughs in oncology devices, liquid biopsies, and AI-supported decision making.
Get your oncology devices market report here!
https://www.thebusinessresearchcompany.com/sample.aspx?id=3373&type=smp
What are the major factors driving growth in the oncology devices market?
The escalating prevalence of cancer worldwide is expected to amplify the need for oncology devices in the market. As a significant health concern globally, cancer ranks second in the tally of death causes in the USA. This increasing occurrence of cancer fuels the growing necessity for oncology devices to aid in cancer patient treatments. For instance, Macmillan Cancer Support, a UK-based healthcare charity organization, projected in October 2022 that there will be 3.5 million cases by 2025, 4 million cases by 2030, and 5.3 million cases by 2040. This uptick in cancer cases is anticipated to further stimulate the demand for the oncology drugs market.
What key areas define the segmentation of the global oncology devices Market?
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
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3373&type=smp
What are the top market players propelling the growth of the oncology devices industry?
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.
What are the key trends shaping the future of the oncology devices market?
Big players in the oncology devices market, such as F. Hoffmann-La Roche AG, are focusing on the development of groundbreaking products like the Benchmark Ultra Plus System to boost their revenue stream. This state-of-the-art system, used widely in pathology and diagnostic labs, streamlines various processes including preparation, staining, and imaging of tissue samples and slides. The Swiss healthcare company introduced the updated Benchmark Ultra Plus system in June 2022, boasting numerous innovations. These advancements include a more intuitive software, the convenience of remote monitoring, a touchscreen interface for enhanced user interaction, and an environmentally conscious waste system and product packaging. Due to its exceptional workflow optimization, testing accuracy, and eco-friendly attributes, the system can swiftly deliver critical results to physicians and patients.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3373
What regions are dominating the oncology devices market growth?
North America was the largest region in the oncology devices market in 2023. 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.
Browse Through More Similar Reports By The Business Research Company:
3D Medical Imaging Devices Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/3d-medical-imaging-devices-global-market-report
Oncology Drugs Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/oncology-drugs-global-market-report
Interventional Oncology Devices Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
