Oncology Information System Market Overview:
Global Oncology Information Systems were valued at $2,247 million in 2015, and is estimated to reach $3,755 million by 2022, registering a CAGR of 7.5% from 2016 to 2022. Across the healthcare settings, such as clinics, hospitals, and research laboratories, patient portfolios are managed by software termed as oncology information systems. In addition, this software is used to predict treatment outcomes, plan the patient’s treatment accordingly, and exchange cancer patient information among the overall healthcare organizations. These advantages improve the safety and efficiency of cancer therapy for patients. Oncology information systems help physicians and surgeons to choose the most appropriate therapy to improve the survival rate of the cancer patients. The availability of a variety of cancer therapies, such as chemotherapy and radiation therapy, and presence of huge cancer population base are major factors that drive the market growth.
Global Oncology Information Systems Segmentation
The global oncology information systems market is segmented based on product & service, application, end user, and geography. Based on product & service, it is bifurcated into software and services. The software segment is further divided into patient information systems and treatment planning systems, while the services segment includes consulting/optimization services, implementation services, and maintenance services. The market is studied across applications such as radiation, medical, and surgical oncology. Based on end user, tit is classified into hospitals & oncology clinics, and research centers. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market is expected to witness a moderate growth during the forecast period, owing to the benefits of offered by oncology information systems over conventional methods of record keeping and treatment planning. Furthermore, surge in prevalence of cancer and increase in technological advancements, such as incorporation of patient portals, are expected to boost the market growth. Use of oncology information systems to treat rare cancer and further improvements in the technology by use of artificial intelligence are expected to present various opportunities for market expansion. However, dearth of healthcare IT professionals and high costs associated with oncology information systems are expected to hamper this market growth.
The report provides extensive competitive analysis and profiles of key market players such as Accuray Incorporated, Bogardus Medical Systems, Inc., Cerner Corporation, CureMD Corporation, Elekta AB, Flatiron Health, Inc., Koninklijke Philips N.V., McKesson Corporation, RaySearch Laboratories AB, and Varian Medical Systems, Inc.
Other players in the value chain include IMPAC Medical Systems, Inc., Siemens Healthcare, Epic Systems Corporation, Bizmatics, Inc., Charm Health, and Cordata Healthcare Innovations, LLC.
Oncology Information Systems Market, By Geography, 2014-2022 ($Million)
Asia-Pacific possesses high market potential for the growth of oncology information systems market, owing to high incidence of cancer and rise in healthcare expenditure. This region is anticipated to experience fast-paced growth, in terms of development and use of oncology information systems.
India Oncology Information Systems Market, 2014-2022 ($Million)
India oncology information systems market is projected to grow at a CAGR of 13.1% during the forecast period.
Key Benefits for Stakeholders
- This report entails a detailed quantitative analysis of the current market trends from 2014 to 2022 to identify the prevailing opportunities.
- Market estimations are based on comprehensive analysis of the key developments in the industry.
- The global market is comprehensively analyzed with respect to products and services, application, end user, and geography.
- In-depth analysis based on geography assists in understanding the regional market to assist in strategic business planning.
- The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
Oncology Information System Market Key Segments:
By Products and Services
- Patient Information Systems
- Treatment Planning Systems
- Consulting/Optimization Services
- Implementation Services
- Post-sale & Maintenance Services
- Radiation Oncology
- Medical Oncology
- Surgical Oncology
By End User
- Hospitals and Oncology Clinics
- Research Centers
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Republic of South Africa
- Saudi Arabia
- Rest of LAMEA