Meticulous Research®—a leading global market research
company, published a research report titled, ‘Oncology Information Systems
Market by Offering (Software {Patient Information, Treatment Planning}
Services) Application (Medical, Surgical, Radiology Oncology) End User
(Hospital, Diagnostic Imaging Center, Cancer Care Center) - Global Forecast to
2030.’
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According to this latest publication from Meticulous
Research®, the oncology information systems market is projected to reach $4.45
billion by 2030, at a CAGR of 7.4% from 2023 to 2030. The growth of this market
is driven by the increasing prevalence of cancer, rising digitalization in
cancer treatment, rising need to reduce oncology care costs, increasing
adoption of electronic health records (EHR), and increased demand for
streamlined patient information and data management. In addition, the integration
of precision medicine for cancer treatment and its potential in emerging
countries are expected to provide significant growth opportunities for this
market.
However, the high cost of oncology information systems and
data security & privacy concerns are expected to restrain the growth of
this market to a certain extent. In addition, factors such as barriers to
adoption and implementation and additional requirement for training and
education for using oncology information systems pose major challenges to the
market’s growth.
Key Players
The key players operating in the oncology information
systems market are Accuray Incorporated (U.S.), Brainlab AG (Germany), DOSIsoft
SA (France), Elekta AB (Sweden), Koninklijke Philips N.V. (Netherlands), MIM
Software Inc. (U.S.), Oracle Corporation (U.S.), Prowess Inc. (U.S.), RaySearch
Laboratories (Sweden), Siemens Healthcare GmbH (Germany), McKesson Corporation
(U.S.), Altai, Inc (Turkey), and ViewRay Inc. (U.S.).
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Oncology Information Systems Market: Future Outlook
The oncology information systems market is segmented by
offering, application, end user, and geography. The study also evaluates
industry competitors and analyzes the country and regional–level markets.
Among the offerings studied in this report, in 2023, the
software segment is expected to account for the largest share of the oncology
information systems market. The large market share of this segment is
attributed to factors such as higher adoption of software solutions by the
hospitals, the rising need for managing cancer-related data, and its benefits
such as optimizing treatment planning & delivery.
Among all the applications, in 2023, the medical oncology
segment is expected to account for the largest share of the oncology
information systems market. The large market share of this segment is
attributed to the large patient population receiving medical oncology care and
the benefits of oncology information systems in managing departmental,
administrative, and clinical activities in medical oncology.
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In 2023, the hospitals segment is expected to account for
the largest share of the oncology information systems market, by end user. The
large market share of this segment is attributed to the increased adoption of
digital solutions, including oncology information systems in hospitals, the
increased awareness about its benefits among healthcare professionals, and the
rising patient population.
Geographic Review
This research report analyzes the market across major
regions and provides a comprehensive analysis of North America (U.S. and
Canada), Europe (Germany, France, the U.K., Italy, Spain, and the Rest of
Europe), Asia-Pacific (Japan, China, India, and the Rest of Asia-Pacific),
Latin America, and the Middle East & Africa. In 2023, North America is
expected to account for the largest share of the oncology information systems
market, followed by Europe and Asia-Pacific. North America’s major market share
is attributed to the advanced healthcare infrastructure in the region, higher
acceptance of advanced technologies, and the high number of cancer patients.
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