Competition is building in the cancer-care field, as hospitals, health systems and physician groups are constructing new cancer centers in response to the aging of the baby boomers and a projected increase in cancer diagnoses over the next 20 years.
An Advisory Board Co. survey last year found that 28% of health systems it surveyed had built a new cancer center in the previous three years. One study estimated there will be a 45% increase in cancer diagnoses by 2030. The National Cancer Institute projects that spending on cancer care may reach $207 billion by 2020, up from $125 billion in 2010.
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