Global Oncology Market Observing Growth from Pay-for-Performance Contract

Published By: IndustryARC Published On : 10-Apr-2019

Global Oncology Market: Market Overview

The oncology market is undergoing drastic changes in recent times. With rising cancer rates and numerous advances in medical technology, the field offers tremendous opportunities for practice and research, and the oncology market is flourishing. This can be conceived from a latest business intelligence publications by IndustryARC titled “

Oncology Market: By Cancer Type (Breast Cancer, Lung Cancer); By Therapy Type (Medical Oncology, Radiation Oncology, Surgical Oncology); & By Region – Forecast (2019 - 2025)

”. The companies have started to invest in the capabilities that match the market evolution, and the companies in the Unites States have doubled their expenditure on cancer drugs.

The market analysts from the IndustryARC have valued the global oncology market at $120 billion as of 2018, and the demand is projected to grow superlatively at a compound annual growth rate (CAGR) of 12.6% during the forecast period of 2019 to 2025. The treatment of cancer depends on the type of cancer such as radiation, chemotherapy, anti-androgens, and immunotherapy. Cancer treatments are being continually developed and are becoming more efficient day-by-day.

 

Global Oncology Market: Leading segments

North America continues to be the most lucrative regional oncology market owing to the increasing investment by major giants and the government initiatives in the healthcare sector as a whole, and in the pharmaceutical industry in particular. North America had a regional share of 46% as of 2018, which is almost equivalent to half of the global contribution. Moreover, the increasing infrastructure, advanced facilities, higher education, and monetary support from the government have led to extensive development in the North American oncology market. APAC and Europe are in the row of emergence in the development. Furthermore, chemotherapy is the key application in the cancer treatment of the patient. This application segment in the oncology market is expected to grow at a notable CAGR of 13.6% during the forecast period of 2019 to 2025.

 

Global Oncology Market: Disruptive Trends

·        

Pay-for-Performance with CAR-T Therapy

In 2018, a new treatment was approved by the Genentech which is called Chimeric Antigen Receptor T- cell (CAR-T) therapy. The therapy is comparatively expensive for the patients but to make it affordable for them, an innovative pay-for-performance contract was also announced in conjunction with the launch of first CAR-T therapy. This has marked a new era of treatment in the oncology market.

  ·         Big Data for Cancer Care

Big data for cancer care is now used in many ways such as for genetic risk management, therapeutic discovery, improving health services, and relentless attention to value-based care. Big data has made the treatments become easier as it provides patient navigation, patient-reported outcomes, and identification of high-risk patients, patient satisfaction scoring, and giving them appropriate treatment. This application is expected to grow in the oncology market in the coming 10-20 years.

 ·         Non-Chemotherapy Treatment

The advancement in radiation oncology has improved significantly. This helps in the treatment which is less toxicant and can achieve the same or better outcome. Nowadays, stereotactic body radiation therapy (SBRT) is used and it is combined with immunotherapy in order to treat cancer patients.

 ·         Molecular Biology and Immunology Treatment

The two biggest advances in the treatment are molecular biology and immunology. There has been a dramatic change in cancer treatment due to this as it is less toxicant. This type of treatments will allow more enrollment for the patients in small hospitals.

 ·         New Radiolabeled Drug Sustainability

The new radiolabeled drug sustainability has lowered the risk and the death rate of cancer patients. The medicine is composed of radioisotope LU attached to octreotide that binds the tumor cells that enable the radiations and directly target the cancer cells.

 

Global Oncology Market: Recent Developments

Some of the key companies identified in the report that are currently holding majority shares in the global oncology market are F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb, Novartis AG, Pfizer, Sanofi, Amgen Inc., Johnson & Johnson, AstraZeneca PLC, AbbVie Inc., Astellas Pharma Inc., and Exelixis, Inc.

 Talk to one of our sales representative about the full report by providing your details in the link below:

 https://industryarc.com/support.php?id=18335   

 

Related Reports:

 

Oncology Drugs Market

https://industryarc.com/Report/18011/oncology-drugs-market.html

 

Personalized Medicines in Oncology Market

https://industryarc.com/Report/15245/personalized-medicine-in-oncology-market.html

 

Radiation Oncology Market

https://industryarc.com/Report/16214/radiation-oncology-market.html

 

What can you expect from the report?

The oncology market is prepared with the main agenda to cover the following 20 points:

 1. Market Size by Product Categories & Application                        11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8.Product Developments Analysis                                         18. Current & Future Market Landscape                                                                                     

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

Does IndustryARC publish country or application based reports in Oncology Market segment?

Answer

: Yes, we do have separate reports as mentioned below:

China Oncology Market

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.


Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.


To request for a quote, provide your details in the below link:

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Mr. Venkat Reddy

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About IndustryARC

: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.


 [Pk1]https://www.texasoncology.com/who-we-are/news/2018/cancer-trends

 [Pk2]https://www.asco.org/sites/new-www.asco.org/files/content-files/research-and-progress/documents/2019-CCA-full-Report.pdf

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