Healthcare Oncology Medical Devices Market Growth Forecast

Oncology Medical Devices Market Demand to Boost by Increase in
Consumption of Tobacco Products in the Near Future
According to a recently published report by Research Nester on “Global
Oncology Medical Devices Market Outlook: Industry Insights &
Opportunity Assessment 2019–2027” delivers detailed overview of the
global oncology medical devices market in terms of market segmentation by
product, by therapeutic, by diagnosis, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry
growth drivers, restraints, supply and demand risk, market attractiveness,
BPS analysis and Porter’s five force model.
The number of patients affected by different types of cancer such as lung,
colorectal and breast cancer are increasing day by day due to different
reasons. According to WHO, there were 9.6 million deaths which were
recorded in 2018 across the globe and the most common cancer were lung
cancer (1.76 million deaths) and the breast cancer (627,000 deaths). The
oncology medical devices prove very helpful in diagnosis and treatment of
cancer which is estimated to boost the growth of the global oncology medical
devices market over the period 2019-2027.
The market is segmented by product, application, therapeutic and diagnosis,
and end user. On the basis of end user, the hospitals segment is anticipated
to have significant growth on account of rise in rate of hospitalization for
cancer treatment and a wide range of services offered by hospitals at a one
place. The product segment is divided into brachytherapy devices and
endoscopic devices. The therapeutic segment is divided into chemotherapy,
hormone therapy and biotherapy and radiation therapy. The diagnosis
segment is divided into biopsy, imaging, endoscopy and blood tests.
Increase in Consumption of Tobacco Products to Boost the
Demand for Oncology Medical Devices in the Near Future
The global oncology medical devices market is thriving on the back of
increase in consumption of tobacco products. In developing countries such
as Brazil, China and India, the people who are consuming tobacco products