Oncology Devices Market Set for Robust Expansion, with AI Innovations and Advancements in Radiation Therapy Techniques

Dublin, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The "Oncology Devices Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

The global oncology devices market is exhibiting impressive growth, and a new research report available on our website is providing a comprehensive analysis of this dynamic industry. Rapid advancements, innovative technologies, and an increased prevalence of cancer have fueled a projected market size expansion from $128.46 billion in 2023 to an estimated $298.31 billion by 2028.

Experts have diligently compiled data reflecting the growing demand for oncology devices driven by the increase in cancer cases across the globe. The report articulates how the upsurge in cancer instances is leading to a higher need for precise and innovative treatments using state-of-the-art oncology devices.

Market Segmentation and Regional Analysis

Within the report, the reader will find segmented market data specifying key categories such as brachytherapy and endoscopic devices. Included are valuable insights into the uses of these devices within chemotherapy, hormone therapy, and other cancer treatments. Moreover, a geographical analysis highlights North America's position as the largest market, followed by Asia-Pacific’s significant growth potential.

Technology Advancements and Market Trends

The report sheds light on emerging trends in the market, including the integration of Artificial Intelligence (AI), digital health technologies, and early cancer detection methods. Furthermore, it highlights transformative developments in radiation therapy techniques and the utilization of liquid biopsies as diagnostic tools.

  • AI-powered decision support systems enhancing cancer treatment
  • Minimally invasive surgical techniques and biodegradable implants propelling market growth
  • AIROS 6 device aiding breast cancer patients with post-mastectomy lymphedema treatment

Impact of Healthcare Developments and Company Innovations on Market

In addition to covering the effects of an aging population and the global expansion of healthcare services on the market, the report also focuses on key company innovations. For example, it details the recent launch of the benchmark ultra plus system by leading healthcare companies. These advancements in the diagnostic and pathology laboratories are enhancing workflow efficiency, patient results, and environmental sustainability.

Strategic Acquisitions and Industry Investments

The research also delves into significant acquisitions like that of GE Healthcare's integration of Zionexa, a pioneer in biomarkers for oncology solutions, and the resulting implications for cancer treatment personalization.

Challenges and Future Market Projections

While highlighting the market's promising outlook, the report also addresses hurdles like the limited per capita healthcare expenditure in developing countries, which may restrain the market to some extent.
In conclusion, the oncology devices market research report is a thorough and authoritative source that presents an in-depth analysis of the industry. It serves as an invaluable tool for those within the medical device sector, healthcare providers, and stakeholders involved in cancer care and research.
For more details and insights, the full oncology devices market research report is available for review on our website, providing an extensive prognosis and strategic analysis of the future landscape of oncology devices in the global market.

A selection of companies mentioned in this report includes

  • 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.

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

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