Demand for Cancer Treatment Remains High Despite Improving Survivability Rates
CANCER GENETICS (CGIX)
Last cancer genetics earnings: 11/19 04:16 pm
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ir.cancergenetics.com
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Source: PR Newswire
NEW YORK, Feb. 13, 2019 /PRNewswire/ -- Deaths related to cancer dropped by 27% in the past quarter-century, meaning that 2.6 million fewer people died due to cancer during that time period, according to a report by the American Cancer Society. Researchers noted that for most of the 20th century, overall cancer deaths were rising, mainly driven by lung cancer in men. The significant decline in deaths is due to innovative technology that biotechnology companies have developed. These technologies are intended to perform various tasks such as assist in early detection, suppress pain, or even eradicate cancer cells. Despite the decreasing number of cancer-related deaths, researchers suggest that the market is still expected to see strong demand. According to data compiled by GBI Research, the global oncology market revenue is forecast to grow from USD 118.6 Billion to USD 241.0 Billion in 2023 and at a CAGR of 10.66%. Cancer develops due to etiologic factors such as age, chronic inflammat
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