Global Cancer Services Market Growth, Demand, & Outlook

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The global cancer services market is projected to grow at a CAGR of 15.7% whereas global cancer therapy market is anticipated to grow at CAGR of 16.7% during the forecast period.Asia-Pacific cancer services market valued USD 15.3 billion in 2016. As per WHO, LA and MEA together accounted for 11.2% of total deaths caused by cancer.

One-third of the 10 million cancer cases can be reduced across the world by taking preventive measures and increasing awareness amongst people. Cancer preventive measures have shown increment in the survival rate from 48% to more than 60% over last two decades. North America and Europe have registered maximum number of cases suffering from lung cancer due to widespread adoption of the smoking habit. Asia-Pacific region is rapidly expanding in lung cancer cases due to increasing habit of cigarette smoking. Countries of Eastern Europe and other countries like Chile, northern China, and Japan have a significant number of people suffering from stomach cancer.

According to Goldstein Research, global cancer services market is segmented on the basis of preventive care services, by diagnostic care services, by application, and by end-user. Preventive care services are further bifurcated into vaccines and cancer growth inhibitors. Vaccines are the dominating segment of cancer services market owing to its positive results in cancer treatment. Vaccines for cancer services market valued USD 54.86 billion in 2015 and are expected to occupy over 62% market share over the forecast period.In 2014, nearly USD 100 billion was spent on oncology medicines globally out of which North America and Europe together accounted for more than 65% of total spending. Europe cancer services market valued USD 32.8 billion in 2015 and is expected to grow at a CAGR of 15.0% during the forecast period.

“Global Cancer Services Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry cancer services manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Cancer services Market Segmentation can be classified on the basis of:

Based on Preventive Care Services

  • By Vaccines
  • By Cancer Growth Inhibitors

Based on Diagnostic Care Services

  • By Diagnostic Tests
  • By Biopsy
  • By Endoscopy
  • By Imaging
  • By Cancer Therapies

Based on Application

  • Blood Cancer
  • Breast Cancer
  • Colorectal Cancer
  • Kidney Cancer
  • Lungs cancer
  • Other Application (Skin Cancer, Gastrointestinal Tract Cancer, Liver Cancer)

Based on End-User

  • Cancer Hospitals
  • Diagnostic Centers
  • Special Clinics

By Geography

  • North America (US, Canada)Cancer Services Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Cancer Services Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) Cancer Services Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America)Cancer ServicesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Cancer Services Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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Market Trends, Drivers & Challenges

The ongoing trends like the use of big data in clinical trials, initiatives to provide quality care delivery in a cost-effective way and recent advancement in radiation oncology such as IMRT, IGRT, and robotic radiotherapy can provide better cancer treatment in the near future. High frequency of death due to cancer is increasing the awareness among people. Huge investment in healthcare and R&D, innovative treatment facilities, and government reimbursement policies are bolstering adoption of the cancer services across the globe. Moreover, the introduction of cancer prevention programs is also helping in rising demand for cancer services market. Lack of awareness among population majorly in developing countries about clinical trials is also a major barrier to slow down the growth rate of cancer services market.

“Global cancer services market report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global cancer services market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

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