Neoplasm Treatment Market Segmentation by Type (Benign, and Malignant); and by End-User (Hospital, Cancer Research Center, Specialty Clinics, and Others) – Global Demand Analysis & Opportunity Outlook 2031

Global Neoplasm Treatment Market Highlights over 2022 – 2031

The global neoplasm treatment market is estimated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2031. Neoplasm can be cancerous or non-cancerous growths in different organs of the body. Unlike tumors, neoplasm are not swelling, but a new unwanted growth. The growth of the market can be attributed to the increasing prevalence of cancer, coupled with the rising awareness for the treatment of cancer. According to the data by the World Health Organization (WHO), over 10 million people died due to cancer in 2020, up from 9.6 million in 2018. Moreover, there were 2.26 million new cases of breast cancer, 2.21 million cases of lung cancer, and 1.41 million cases of prostate cancer in 2020 itself. Moreover, government initiatives to provide efficient healthcare to the people, along with increasing individual disposable income are anticipated to boost the market growth. 

The market is segmented by type into benign, and malignant, out of which, the malignant segment is anticipated to hold the notable share in the global neoplasm treatment market over the forecast period on account of growing prevalence of malignant, i.e., cancerous neoplasm across the globe. Moreover, the higher exposure to carcinogens, backed by poor lifestyle habits in present times, is estimated to fuel the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Neoplasm Treatment Market Regional Synopsis

On the basis of geographical analysis, the global neoplasm treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe region is estimated to witness modest growth over the forecast period on the back of higher prevalence of cancer and other diseases, along with growing investment in the development of new treatment methods.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the rising cases of cancer in the region. According to the US National Cancer Institute, an estimated of 1,806,590 new cases of cancer were diagnosed in the United States in 2020. Moreover, the presence of major research institutes in the region, combined with high healthcare expenditure are estimated to boost the market growth.

The global neoplasm treatment market is further classified on the basis of region as follows:

• North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global neoplasm treatment market includes the following segments:

By Type

• Malignant
• Benign

By End-User

• Hospital
• Cancer Research Center
• Specialty Clinics
• Others

Growth Drivers

• Increasing Prevalence of Cancer across the Globe
• Government Initiatives to Deliver Healthcare Facilities to People

Challenges

• High Cost Associated with Cancer Treatment
• Side Effects of Cancer Treatment Therapies

Top Featured Companies Dominating the Market

• Eisai Co., Ltd.
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis 
• Exelixis, Inc.
• Thermo Fisher Scientific Inc.
• Boehringer Ingelheim GmbH
• Bayer AG
• Abbott Laboratories
• Merck & Co., Inc.
• Teva Pharmaceutical Industries Ltd.
• Siemens Healthcare GmbH
• Novartis AG