Global Next-Generation Oncology Devices and Solutions Market to Reach $5.97 Billion by 2032 at a CAGR of 6.41%
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Global Next-Generation Oncology Devices and Solutions Market

Global Next-Generation Oncology Devices and Solutions Market
Global Next-Generation Oncology Devices and Solutions Market

Dublin, July 26, 2022 (GLOBE NEWSWIRE) -- The "Next-Generation Oncology Devices and Solutions Market - A Global and Regional Analysis: Focus on Clinical Application, End User, Type, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.

Global Next-Generation Oncology Devices and Solutions Market Industry Overview

The global next-generation oncology devices and solutions market report highlights that the market was valued at $3,268.2 million in 2021 and is expected to reach $5,971.3 million by the end of 2031. The market is expected to grow at a CAGR of 6.41% during the forecast period from 2022 to 2031.

Market Lifecycle Stage

The next-generation oncology devices and solutions market is still in the development phase. Increased research and development activities are underway to develop more products.

The opportunity for growth of the next-generation oncology devices and solutions market lies in the increasing demand for home-based cancer testing and the growing demand for targeted therapy.

Market Segmentation
by Clinical Application

  • Lung Cancer

  • Prostate Cancer

  • Breast Cancer

  • Others

by End User

  • Hospitals

  • Diagnostic Imaging Centers

  • Others

Demand - Drivers and Limitations
Following are the drivers for the next-generation oncology devices and solutions market:

  • Increasing Prevalence of Oncology and a Growing Geriatric Population

  • Increase in Demand for Software Solutions in Oncology

  • Emerging Technologies in Oncology Testing and Treatment

  • Rising Preference for Minimally Invasive Techniques of Diagnosis and Treatment

The market is expected to face some limitations too due to the following challenges:

  • Side Effects and Risks Associated with Cancer Treatment

  • Dearth of Well-Trained and Skilled Professionals in Oncology

Key Trends

  • Emerging Use of Wearables

  • Growing Demand for Point-of-Care Testing (POCT) in Oncology

  • Growing Popularity of Smartphone-Based Diagnostics

  • Growing Demand for Minimally Invasive Methods of Cancer Diagnosis

  • Rising Number of Partnerships and Regulatory Milestones


Key Topics Covered:

1 Markets

2 Global Next-Generation Oncology Devices and Solutions Market, (by Clinical Application)

3 Global Next-Generation Oncology Devices and Solutions Market (by End User)

4 Global Next-Generation Oncology Devices and Solutions Market (by Type)

5 Region

6 Markets - Competitive Benchmarking

For more information about this report visit https://www.researchandmarkets.com/r/rk5erf

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