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Title Next-Generation Oncology Devices and Solutions Market Analysis and Industrial Overview
Category Business --> Healthcare
Meta Keywords Next-Generation Oncology Devices and Solutions Market, Next-Generation Oncology Devices and Solutions Market report, Next-Generation Oncology Devices and Solutions industry, Next-Generation Oncology Devices and Solutions Market size , Next generation cancer diagnostics market,
Owner bis swati
Description

The global next-generation oncology devices and solutions market is expected to witness the rise of many specialized startups. These startups are expected to leverage niche technologies in an attempt to differentiate their offerings from other players in the market.

The global next-generation oncology devices and solutions market is projected to reach $5.97 billion in terms of revenue by 2031, at a CAGR of 6.41%, suggests the premium market intelligence study by BIS Research.

The comprehensive study of the global next-generation oncology devices and solutions market by BIS Research extensively covers the following:

  • Market numbers on the product types and software by clinical application (lung cancer, prostate cancer, breast cancer, and others), by end user (hospitals, diagnostic imaging centers, and others), and by region (North AmericaEuropeAsia-Pacific, and Rest-of-the-World).
  • Key healthcare companies offering next-generation oncology devices and solutions present in the market.
  • Market share analysis for key companies in the global next-generation oncology devices and solutions market.
  • Detailed global and regional market analysis, including the scrutiny of 15 key countries.
  • Impact on the adoption of next-generation oncology devices and solutions due to the COVID-19 pandemic.

The detailed study is a compilation of 20 market data tables and 151 figures spread through 177 pages and in-depth TOC on "Global Next-Generation Oncology Devices And Solutions Market – Analysis And Forecast, 2022-2031"

Impact of COVID-19

The pandemic led to the deferral of cancer diagnosis by patients owing to factors such as the risk of virus transmission and higher priority given to the management of COVID-19 cases. Before the COVID-19 pandemic, cancer screening and treatment were majorly undertaken in hospitals and clinical facilities. The emphasis on home-based oncology care was still in its nascent stage. The pandemic led to a deferral of screening and treatment for various types of cancers. Owing to factors such as travel restrictions and risk of transmission of the virus, there was an increased demand for home-based care during the pandemic. While teleconsultations witnessed a drastic increase throughout the healthcare industry, there was also increased demand for home-based tests for screening and monitoring cancerous disorders. Software solutions for oncology also witnessed higher demand as a result of the pandemic.

As the recovery phase of the COVID-19 pandemic begins, cancer diagnosis and treatment procedures are expected to normalize. The shift in preference to home-based care is expected to continue even after the pandemic subsides.

Demand – Drivers and Limitations

Following are the drivers for the global next-generation oncology devices and solutions market:

  • Increasing prevalence of oncology and a growing geriatric population.
  • Increasing demand for software solutions in oncology.
  • Emerging technologies in oncology testing and treatment.
  • Rising preference for minimally invasive techniques of diagnosis and treatment.

Following are the challenges for the global next-generation oncology devices and solutions market:

  • Side effects and risks associated with cancer treatment.
  • Dearth of well-trained and skilled professionals in oncology.

Following are the opportunities for the global next-generation oncology devices and solutions market:

  • Increasing Demand for Home-Based Cancer Testing
  • Growing Demand for Targeted Therapy

Reasons to Buy This Report

This exclusive report on the global next-generation oncology devices and solutions market will help you in the following ways:

  • Aid in the development of advanced next-generation oncology devices and solutions.
  • Aid in understanding the regulatory scenario of the market in different regions.
  • Aid in understanding the patent trend of the market.
  • Aid in targeting end users for increasing the adoption of next-generation oncology devices and solutions.
  • Support in analyzing the market opportunities.
  • Help to understand the competitive positioning of the key companies in the market.

Analyst's Take on the Market:

According , Swati SoodLead Analyst – BIS Research, "The global next-generation oncology devices and solutions is expected to witness significant growth in emerging economies due to factors such as the increasing prevalence of oncology, upsurge in emerging technologies and software of oncology solutions as well as rising adoption of technologies across countries such as JapanSouth KoreaIndia, and Brazil."

View the report on Global Next-Generation Oncology Devices and Solutions Market

Key Companies Operating in the Market and Competitive Landscape

In the past few years, the global next-generation oncology devices and solutions market has witnessed several strategic and technological developments undertaken by the different market players to attain their respective market shares in this emerging domain.

Some of the strategies covered in this segment are funding activities, mergers and acquisitions (MA), partnerships, alliances, business expansions, regulatory and legal activities, and new offerings. The preferred strategy for companies has been partnerships and business expansions, followed by regulatory and legal activities.

Some of the key players operating in the market include:

  • Elekta
  • Accuray Incorporated
  • General Electric Company
  • Paige AI Inc.
  • 4D Path Inc.
  • Profound Medical Corporation
  • Siemens AG
  • Brainlab AG
  • Optellum Ltd.
  • Lucida Medical Ltd.
  • Mirada Medical
  • Elekta
  • Koninklijke Philips N.V.
  • Sophia Genetics
  • Fujifilm Corporation
  • Hoya Corporation
  • Infervision Medical Technology Co., Ltd.
  • Mianyang Sonic Electronic
  • Oncores Medical Pvt. Ltd.
  • Sascan Meditech Pvt. Ltd.
  • Alpinion Medical Systems Co., Ltd.
  • Deep Bio Inc.
  • Samsung Electronics
  • and Lunit Inc.

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Key Questions Answered in the Report:

  • What are the major market drivers, challenges, and opportunities in the global next-generation oncology devices and solutions market?
  • What are the emerging trends within the global next-generation oncology devices and solutions market?
  • How is each segment of the global next-generation oncology devices and solutions market expected to grow during the forecast period, and what is the anticipated revenue generated by each of the segments by the end of 2031?
  • What are the significant developmental strategies implemented by the major players in order to sustain in the competitive market?
  • What are the key regulatory bodies controlling the entry of next-generation oncology devices and solutions to the market?
  • Who are the leading players with significant offerings to the global next-generation oncology devices and solutions market?
  • What is the current market dominance for each of these leading players?
  • What is the expected compound annual growth rate (CAGR) expected to be witnessed by the leading players in the market during the forecast period 2022-2031?
  • What are the major country-wise trends pertaining to the adoption of next-generation oncology devices and solutions in the global market?
  • Who are the key manufacturers in the global next-generation oncology devices and solutions market, and what are their contributions?
  • What is the growth potential of the global next-generation oncology devices and solutions market in North AmericaEuropeAsia-Pacific, and Rest-of-the-World?
  • What are the end-user perceptions in the global next-generation oncology devices and solutions market?
  • What are the patent filing trend in the global next-generation oncology devices and solutions market?
  • What is the global next-generation oncology devices and solutions market segmentation by clinical application and types?

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Global Interventional Oncology Devices Market