Community Oncology Services Global Market to Reach $74.87 Billion by 2026 - ResearchAndMarkets.com

The "Community Oncology Services Global Market Report 2022, By Type, By Cancer Type, By Therapy Type" report has been added to ResearchAndMarkets.com's offering.

The global community oncology services market is expected to grow from $70.06 billion in 2021 to $70.56 billion in 2022 at a compound annual growth rate (CAGR) of 0.7%. The slow growth is attributed to COVID-19 restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $74.87 billion in 2026 at a CAGR of 1.5%.

The lower-cost care in community oncology centers is anticipated to boost the demand for the community oncology service market. The cancer care services are considered to be cost-effective in community oncology centers as compared to hospitals. According to the Community Oncology Alliance's report published, the cost of cancer care per patient per month for various tumors in community-based clinics (CCs) was approximately $12,000 whereas the cost of cancer care in hospital-based oncology clinics (HCs) was about $20,000. Furthermore, the cost per patient per month for treatment of chemotherapy in a community setting was nearly $5,000 compared to around $8,500 in hospital-based clinics. Hence, the low cost of community oncology settings or community oncology centers is expected to drive the demand for the community oncology services market over the forecast years.

Major companies are undergoing various acquisition and research collaboration activities in the community oncology services market to expand their services and offerings, which is gaining significant popularity over the recent years. According to a report published by Community Oncology Alliance in April 2020, the rate of community oncology practices acquired by hospitals increased by 9.7% during 2018 and 2020.

For instance, in August 2020, The Community Cancer Center, a US-based clinic engaged in providing community-based cancer care, was acquired by Carle Health. Carle Health is a US-based hospital and healthcare company with more than 9,500 employees in its five hospitals and associated healthcare business. In addition to this, in May 2019, Amgen Inc., a US-based biopharmaceutical company, announced the new research collaborations with community oncology networks. Amgen Inc., also launched Amgen Community Oncology Research Collaborators (ACORC), a new initiative to improve access to innovative oncology clinical research for community centers.

In May 2019, Amgen announced its decision to collaborate with community oncology service providers such as US Oncology Research and TRIO-US to enhance access by community centers to innovative oncology clinical research. This collaboration is expected to allow Amgen to significantly expand its clinical research footprint to more than 200 patient care sites across the U.S. and help community centers reach more than 900,000 new patients each year with investigational medicines.

Scope

Markets Covered:

1) By Type: Small Community Oncology Clinics; Medium Community Oncology Clinics; Large Community Oncology Clinics

2) By Cancer Type: Breast Cancer; Lung Cancer; Kidney Cancer; Liver Cancer; Ovarian Cancer; Prostate Cancer; Skin Cancer; Pancreatic Cancer; Blood Cancer; Colorectal Cancer; Others

3) By Therapy Type: Medical Oncology; Radiation Oncology; Surgical Oncology; Others

Key Topics Covered:

1. Executive Summary

2. Community Oncology Services Market Characteristics

3. Community Oncology Services Market Trends And Strategies

4. Impact Of COVID-19 On Community Oncology Services

5. Community Oncology Services Market Size And Growth

6. Community Oncology Services Market Segmentation

7. Community Oncology Services Market Regional And Country Analysis

8. Asia-Pacific Community Oncology Services Market

9. China Community Oncology Services Market

10. India Community Oncology Services Market

11. Japan Community Oncology Services Market

12. Australia Community Oncology Services Market

13. Indonesia Community Oncology Services Market

14. South Korea Community Oncology Services Market

15. Western Europe Community Oncology Services Market

16. UK Community Oncology Services Market

17. Germany Community Oncology Services Market

18. France Community Oncology Services Market

19. Eastern Europe Community Oncology Services Market

20. Russia Community Oncology Services Market

21. North America Community Oncology Services Market

22. USA Community Oncology Services Market

23. South America Community Oncology Services Market

24. Brazil Community Oncology Services Market

25. Middle East Community Oncology Services Market

26. Africa Community Oncology Services Market

27. Community Oncology Services Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Community Oncology Services Market

29. Community Oncology Services Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• Community Care Physicians P.C.
• Nebraska Cancer Specialists
• US Oncology Inc.(McKesson Corporation)
• Tufts Medical Center
• Doctors Medical Center
• Oncology Specialists S.C.
• Baptist Cancer Center

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