"Designing Growth Strategies is in our DNA"
Cancer is one of the most noteworthy causes of mortality and disability throughout the world. Oncology information systems (OIS) manages the large amount of clinical and non-clinical data of cancer patients This system supports the process of data integration in different phases, such as screening, prevention, diagnosis, treatment etc. Factors such as increasing adoption of OIS solutions and growing cases of cancer is expected to witness a strong growth in the projected timeframe. For instance, as per National Cancer Institute, by 2040, it is expected that the number of new cancer cases will rise by 29.5 million and the number of cancer-related deaths to 16.4 million per year.
Oncology Information Systems Market is expected to register a strong growth rate during the forecast period due to factors such increase in the demand for healthcare IT services as it replaces the traditional methods of data handling & validations and decreased the manual effort and automated the process. For instance, Cerner oncology solution is combined with the existing Millennium EHR which enhances the single patient health record to include oncology. Additionally, the Usage of block chain technology in oncology information systems is a latest key trend in cancer care, which results in the elimination for the paper based records and treatment plans
However, the lack of trained healthcare professional and unavailability of skilled professionals in hospitals and clinics is projected to continue to restrict the growth of the hospital sector during the projected period.
Key Market Driver -
The increasing demand for Healthcare IT Services
Key Market Restraint -
Lack of expertise and unavailability of skilled resources
Globally, the oncology information systems market can be segmented on the basis of product and services, application, end-user, and region. Based on product and services, the market can be segmented into software (patient information systems software and treatment planning systems software) and professional services. Based on application, the market can be segmented into medical, radiation, surgical oncology. Based on end user market is segmented into hospitals, oncology clinics and others. Geographically, the Oncology Information Systems Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Geographically, the Oncology Information Systems Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to account as the dominant market share. The significant market share of North America is attributed to various factors such as growing adoption of EHRs (Electronic Health records). As hospitals are adopting the paperless working system within the developed countries like U.S., there is a large inflow of patient data, to manage such a large amount of data most of the hospitals are adopting Oncology information system to track and record treatment results of cancer patients. Europe is expected to grow moderately in the market. Factors such as increasing incidence of cancer and the rise in aging population is propelling the market growth in Europe. As per American cancer society journal 2020, Europe accounts for 22.8% of the total cancer cases and 19.6% of the cancer deaths. The Asia Pacific region is projected to grow at the highest CAGR primarily due to the technologically advancement coupled with awareness of the OIS. Latin America and the Middle East & Africa are estimated to account for slower market revenue shares as compared to other regions and lower growth rates due to shortage of healthcare IT professional and high maintenance and service expenditure.
To gain extensive insights into the market, Request for Customization
By Product and Services
By End User
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry