Cart
0

Global Oncology Information Systems Market Expected to Reach $4,569 Million by 2025

 
 

quote The prediction of treatment outcomes and better management of patient profiles offered by oncology information systems is expected to attract the patients with higher purchasing power and fuel the innovations and market growth. quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled,"Oncology information systems Market by Product & Services, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global oncology information systems market was valued at $2,622 million in 2017 and is projected to reach $4,569 million by 2025, growing at a CAGR of 7.1% from 2018 to 2025. The diabetes segment accounted for one-fifth share of the total market in 2017.

The benefits of implementing oncology information systems over conventional methods of record keeping and treatment planning are expected to boost the growth of the oncology information systems market. The advantages of oncology information systems such as planned treatment, future-proofing, and remote access are expected to increase the demand for these systems and motivate the government organizations to upgrade their procedure from paper-based systems to paperless systems. Furthermore, the increase in disposable income among cancer patients, surge in prevalence of cancer cases, and technological advancements in these systems, such as incorporation of patient portals, are anticipated to fuel the market growth. Rise in healthcare expenditure in developing countries, such as India and China, advancement in software using artificial intelligence, and use of oncology information systems to treat rare cancers are expected to present multiple opportunities for market growth. However, this growth is restricted owing to lack of healthcare IT professionals and high capital costs associated with oncology information systems.

Among the product & service segment, software for patient information system was the largest revenue contributor in 2017 toward market growth, and is anticipated to remain dominant in the future. The patient information system software segment is anticipated to reach $2,855.4 million by 2025, registering a CAGR of 6.8% during the forecast period. Advantages of using these systems as compared to conventional record maintenance methods such as planned treatment and remote access due to digital availability are expected to boost the growth of this segment.

Medical oncology dominates the global oncology information systems market, accounting for $1,153.5 million in 2017, and is anticipated to reach $2,106.1 million by 2025, registering a CAGR of 7.7%. In medical oncology, the oncology information system (OIS) software manages, interprets, analyzes, and stores the patient information efficiently. In addition, as the software assists to predict the treatment outcome for patients, it helps to improve the survival rate of the patient and drives the growth of the oncology information systems market.

Key Findings of the Oncology information systems Market:

  • The service segment accounted for one-fifth share of the total market and is expected to register a CAGR of 6.9% during the forecast period.
  • Based on service, the implementation service segment accounted for about one-fourth share of the global market and is expected to register a high CAGR of 7.1% during the forecast period.
  • U.S. dominated the North America oncology information systems market and is projected to retain this trend throughout the forecast period.
  • China is expected to exhibit the highest growth in the Asia-Pacific oncology information systems market, registering a CAGR of 14.1% during the forecast period.
  • Saudi Arabia is expected to witness the highest growth in the LAMEA oncology information systems market, growing at a CAGR of 9.0% during the forecast period.

In 2017, North America was the highest contributor to the market in terms of revenue, owing to increase in cancer cases and the need for such information systems. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period, owing to the presence of high populace countries such as India and China.

The report provides a comprehensive analysis of the key players operating in the global oncology information systems market. These include 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. The other players operating in the value chain are Charm Health, Siemens Healthcare, Epic Systems Corporation, Bizmatics, Inc., and Cordata Healthcare Innovations.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1⟨855⟩ 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Oncology Information Systems Market by Product & Service (Software and Service), Application (Radiation Oncology, Medical Oncology, and Surgical Oncology), and End User (Hospital & Oncology Clinic and Research Center): Global Opportunity Analysis and Industry Forecast, 2018 - 2025 quote

View Report
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to eliminate redundant information to provide valued information and save time of the reader

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interest you.

 
Get Industry Data Alerts