Community Oncology Services Global Market Expected to Reach $89.48 Billion at a CAGR of 10.4% By 2028
The Community Oncology
Services by The Business Research Company provides market overview across 60+
geographies in the seven regions - Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, the Middle East, and Africa, encompassing
27 major global industries. The report presents a comprehensive analysis over a
ten-year historic period (2010-2021) and extends its insights into a ten-year
forecast period (2023-2033).
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According to The Business Research Company’s Community Oncology Services, the
community oncology services market size has grown rapidly in recent years. It
will grow from $53.79 billion in 2023 to $60.31 billion in 2024 at a compound
annual growth rate (CAGR) of 12.1%. The
growth in the historic period can be attributed to increased healthcare
expenditure, rapid growth in elderly population, and health insurance reforms.
The community oncology services market size is expected to see rapid growth in
the next few years. It will grow to $89.48 billion in 2028 at a compound annual
growth rate (CAGR) of 10.4%. The growth
in the forecast period can be attributed to increased healthcare expenditure,
rapid growth in elderly population, and health insurance reforms. Major trends
in the forecast period include focus on focus on providing telehealth services,
increasing investments, partnerships and collaborations, developing
individualized service plans, technological advancements, mergers and
acquisitions.
The lower-cost care in community oncology centers is anticipated to boost the
demand for the community oncology service market. The cancer care services are
considered to be cost-effective in community oncology centers as compared to
hospitals. According to the Community Oncology Alliance’s report published, the
cost of cancer care per patient per month for various tumors in community-based
clinics (CCs) was approximately $12,000 whereas the cost of cancer care in
hospital-based oncology clinics (HCs) was about $20,000. Furthermore, the cost
per patient per month for treatment of chemotherapy in a community setting was
nearly $5,000 compared to around $8,500 in hospital-based clinics. Hence, the
low cost of community oncology settings or community oncology centers are
expected to drive the demand for the growth of the community oncology services
market over the forecast years.
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The community oncology services market covered in this report is segmented –
1) By Type: Small Community Oncology Clinics, Medium Community Oncology
Clinics, Large Community Oncology Clinics
2) By Cancer Type: Breast Cancer, Lung Cancer, Kidney Cancer, Ovarian Cancer,
Prostate Cancer, Skin Cancer, Pancreatic Cancer, Blood Cancer, Colorectal
Cancer, Other Cancer Types
3) By Therapy Type: Medical Oncology, Radiation Oncology, Surgical Oncology,
Other Therapies
Major companies are undergoing various acquisitions and research collaborations
in the community oncology services market to expand their services and
offerings, which is gaining significant popularity over recent years. For
instance, in April 2023, TPG, a US-based private equity company, and
AmerisourceBergen Corporation, a US-based wholesale company acquired OneOncology
for 2.1 billion. With this acquisition, TPG and AmerisourceBergen strengthen
their presence in the specialty practice network and expand their solutions in
the oncology space. OneOncology is a US-based company that focuses on
transforming the patient experience and solving the pressures facing community
oncology while remaining at the forefront of cancer care.
The community oncology services market report table of contents includes:
1. Executive Summary
2. Community Oncology Services Market Characteristics
3. Community Oncology Services Market Trends And Strategies
4. Community Oncology Services Market - Macro Economic Scenario
5. Global Community Oncology Services Market Size and Growth
.....
32. Global Community Oncology Services Market Competitive
Benchmarking
33. Global Community Oncology Services Market Competitive
Dashboard
34. Key Mergers And Acquisitions In The Community Oncology
Services Market
35. Community Oncology Services Market Future Outlook and
Potential Analysis
36. Appendix
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