Global Oncology Market Research Report 2021 Overview, Territorial Outlook, Technology, Demand and Estimate 2027
With the prevalence of growing cancer and rising awareness regarding cancer detection at early stages, global Oncology Market is set to witness exponential growth over the forthcoming years. According to a report by Global Market Insights, Inc., oncology market is projected to observe a remarkable CAGR of 10.1% through 2026 and is expected to surpass a valuation of USD 469.5 billion over 2020 to 2026. The growth can also be credited to ongoing technological advancements in oncology treatment and management. Industry players such as Janssen Diagnostics, GE Healthcare, F. Hoffmann-La Roche, Merck, Abbott, Pfizer, Thermo Fischer Scientific, Bayer AG, etc. are focusing on developing innovative product offerings for effectively serving the consumer demand and gaining a strong market presence worldwide. For instance, in 2019, GE healthcare announced its commercial partnership with Theragnostics for developing a new Prostate-Specific Membrane Antigen (PSMA) imaging solution. According to t...