Oncology Information Systems Market Size, Share & Industry Analysis, By Product and Services (Software, Professional Services), By Application (Medical Oncology, Radiation Oncology, Surgical Oncology), By End User (Hospitals, Oncology Clinics, Others) And Regional Forecast, 2024-2032

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

Market Segmentation:

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.

Key Players Covered:

• Some of the major companies that are present in the Oncology Information Systems Market are Cerner Corporation, Elekta AB, Accuray Incorporated, Varian Medical Systems, EndoSoft LLC, RaySearch Laboratories AB OPTUM, Allscripts Healthcare Solutions and other prominent players.

Key Insights:

• Prevalence of Key Cancer, By Key Regions, 2020


• Impact of COVID-19 on Oncology Information Systems Market


• New Product Launches


• Key Industry Developments (Mergers, Acquisitions, And Collaborations)

Regional Analysis:

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

Segmentation

Oncology Information System Market Industry Developments

• In June-2021: Elekta and Philips signed agreement to strengthen their existing strategic partnership to advance comprehensive and personalized cancer care through precision oncology solutions.


• In Aril-2021, Siemens announced acquisition of Varian Medical Systems. This acquisition will support the company’s existing portfolio of oncology information systems.