The Community Oncology Services Global Market Report 2023 by The Business Research Company, provides community oncology services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Community Oncology Services Global Market Report 2023, the market size will grow from $47.95 billion in 2022 to $53.79 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global community oncology services market size is expected to grow to $81.33 billion in 2027 at a CAGR of 10.9%.
The lower-cost care in community oncology centres 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 centres 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.
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The community oncology services market 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, Liver Cancer, Ovarian Cancer, Prostate Cancer, Skin Cancer, Pancreatic Cancer, Blood Cancer, Colorectal Cancer, Other Cancers
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. According to a report published by Community Oncology Alliance in April 2020, the rate of community oncology practices acquired by hospitals increased by 9.7% between 2018 and 2020. For instance, in August 2020, The Community Cancer Centre, a US-based clinic engaged in providing community-based cancer care, was acquired by Carle Health. Carle Health is a US-based hospital and healthcare company with more than 9,500 employees in its five hospitals and associated healthcare business.
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. Community Oncology Services Market Size And Growth
…
27. Community Oncology Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Community Oncology Services Market
29. Community Oncology Services Market Future Outlook and Potential Analysis
30. Appendix
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