Private Equity
Andrea Alms Video: Money In Motion 95 - Cancer Treatment Market
February 2024 - Private Equity
TRANSCRIPT
Hello, my name is Andrea Arms. I'm technology investor and financial manager and this is your money in motion. The definition of oncology is the branch of medicine that specializes in the diagnosis, prevention, treatment of cancer. The oncology market encompasses a wide spectrum of activities related to treatment and prevention of cancer. This is a sprawling field and is driven by factors such as increasing incidences of cancer worldwide, advances in medical research and technology, and a growing emphasis on personalized medicine.
According to Weimar, the global oncology market was 305.7 billion U.S. dollars in 2022 and forecast to reach 556.35 billion by 2030, growing at a compound average growth rate of 7.8%. It is research. The market was 203.42 billion by 2022, expected to reach 470.61 billion by 2032, growing at 8.8% at U.S. At market dot U.S., the market was 208 billion in 2022 and forecast to be 628 billion by 2032, growing at 12%.
Averaging the averages, the market size is 238.8 billion, a 9.5% compound average growth rate. Thank you. This is your money, your money, in motion.