Precision Business Insights has published a report on the global oncology market, estimating its value at USD 201,500 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/oncology-market
The Oncology Market refers to the global ecosystem of products, services, and technology used to diagnose, treat, and prevent cancer. It covers a wide variety of medical specializations, such as chemotherapy, immunotherapy, radiation, targeted treatment, and surgical oncology.
Drivers:
- Increasing cases across all age groups—driven by aging populations, lifestyle changes, and environmental factors—are fueling demand for advanced oncology solutions.
- Rising healthcare infrastructure in Asia-Pacific and Africa is opening new growth avenues for oncology drugs and diagnostics.
The global oncology market segmentation:
1) By Drug Class: Antimetabolites, Antineoplastics, XPO1 Inhibitor, Mitotic Inhibitors, Biomarker testing, Mult kinase Inhibitors
2) By Disease Indications: Lung Cancer, Breast Cancer, Prostate Cancer, Cervical Cancer, Colorectal Cancer, Acute Myeloid Leukaemia, Others
3) By Treatment Options: Surgery, Chemotherapy, Radiation Therapy, Bone Marrow Transplant, Immunotherapy, Hormone Therapy, Targeted Drug Therapy, Cryoablation, Radiofrequency Ablation
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
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Regional Overview:
The report also examines the current concerns and their Future Effects on the oncology market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the oncology market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like AbbVie Inc., Amgen, Inc., Astellas Pharma Inc., AstraZeneca PLC, Bristol-Myers Squibb Company, Johnson & Johnson, Merck & Co., Inc., Novartis International AG, Pfizer, Inc., Celgene Corporation (U.S.), Hoffmann-La Roche AG.
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