Selbyville, Delaware, Jan. 25, 2022 (GLOBE NEWSWIRE) —
The oncology market size is anticipated to record a valuation of USD 522 billion by 2028, according to the most recent study by Global Market Insights Inc. Growing initiatives by several government and non-government organizations for the treatment of cancer diseases will positively impact the global market growth. Moreover, increasing funding by government for modernization and development of healthcare infrastructures due to increasing disease burden is expected to boost the market expansion.
The cancer diagnostics segment accounted for USD 126.1 billion in 2021 led by the increasing prevalence of cancer coupled with various application of cancer diagnostics to detect various type of cancer. Furthermore, usage and availability of technologically advanced equipment in diagnostics lab and hospitals for disease detection will further drive the cancer diagnostics segment growth.
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Prostate cancer in the oncology market is poised to reach USD 53.24 billion by 2028 owing to the increasing prevalence of prostate cancer across the world. For instance, in 2020, according to the World Health Organization (WHO) report, nearly 1.41 million new cases of prostate cancer were reported worldwide. Thus, rising incidence of disease burden will increase the adoption of various cancer treatment and procedure as well as early…
