Oncology is the study of
Cancer. Oncology devices market consists of medical devices involved in
diagnosing and treating the disease cancer. The Oncology devices market could
be segmented into 2 major categories: by type and by applications. There are
two types of Brachytherapy devices and the Endoscopic devices. The segmentation
of the market as per the applications is as follows: external radiation beam
therapy, Systemic radiation therapy, and the Brachytherapy
According to a report by
the American Cancer Society 50% of men and 30% women are likely to develop
cancer in some form or the other in their lifetime. An increasing amount of
cancer patients is the major driver of the sales of the Oncology devices
market. The increasing amount of consumption of tobacco and the increasing
amount of carcinogens present in the polluted air or in any other form, is also
supposed to drive the oncology devices market in the future. Some of the
driving factors of the oncology devices market are: rising disposable income,
which enables the patient to avail expensive treatments, easily available
medical insurance policies, rising medical tourism activities.
The government policies
such as the restrictions imposed by the FDA on medical devices acts as a
restraint for the oncology devices market, inability to detect cancer at an
early stage or ignoring the early symptoms reduces the chances of survival of a
patient, this also acts as a restraint for the market. The developing
countries provide immense opportunities for the Oncology devices market as,
such economies have a great demand and the supply is yet to match the demand.
Heavy investments in R&D also act as an opportunity, as innovative and
technologically advanced products always have the capability of substituting
its predecessors.
One of the major factors
restraining the growth of this market is that the new and technologically
advanced products like con focal endomicroscopy are replacing the conventional
endoscopy devices. The reason for such a substitution is the fact that a con
focal endomicroscopy is helping scientists and medical practitioners to detect
cancer at a much early stage.
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
North America ,Asia
Pacific ,Europe,Rest of the World
This report provides comprehensive analysis of
Market growth drivers ,Factors
limiting market growth,Current market trends ,Market structure,Market
projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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