Oncology Information Systems Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Oncology Information Systems by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Oncology Information Systems , The oncology information systems market size has grown strongly in recent years. It will grow from $2.88 billion in 2023 to $3.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increasing cancer incidence, growing emphasis on precision medicine, shift towards value-based care, regulatory compliance and reporting requirements, rise in cancer research and clinical trials, focus on streamlining workflow..

The oncology information systems market size is expected to see strong growth in the next few years. It will grow to $4.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to integration with genomic data, population health management strategies, focus on cybersecurity in healthcare, patient engagement and education tools, regulatory changes and healthcare reforms.. Major trends in the forecast period include advancements in medical imaging technologies, integration of electronic health records, artificial intelligence (ai) in oncology, remote patient monitoring and telemedicine, cybersecurity in healthcare, integration with wearable health technologies..

The increasing global prevalence of cancer is expected to propel the growth of the oncology information systems market. The prevalence of cancer refers to the number of people living with cancer. The oncology information system helps by streamlining data management and patient information and is used to monitor and document various aspects of cancer care and manage cancer data in hospitals. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased from 1,898,160 in 2021 to 1,958,310 in 2023, reflecting a growth of 3.16%. , Therefore, the increasing global prevalence of cancer is driving the growth of the oncology information systems market.

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The oncology information systems market covered in this report is segmented –

1) By Product: Solutions, Professional Services

2) By Application: Medical Oncology, Radiation Oncology, Surgical Oncology

3) By End User: Hospitals And Diagnostic Imaging Centers, Ablation Care Centers And Cancer Care Centers, Government Institutions, Research Facilities

Technologically advanced products are a key trend gaining popularity in the oncology information systems market. Major players in the oncology information systems market are concentrating on creating new technical advancements to improve their market share. For instance, in December 2021, Roche Holding AG, a Switzerland-based multinational healthcare company, launched its latest digital solution, ‘Navify Oncology Hub’. The Navify Oncology Hub gathers and organizes patient data that is dispersed among an institution’s IT platforms. It streamlines daily operations for oncology care teams and acts as a hub where all team members can quickly locate, access, and evaluate the most pertinent patient data. This solution enables patients and healthcare professionals to make individualized, insight-based decisions throughout the patient care continuum, improving outcomes and lowering societal costs.

The oncology information systems market report table of contents includes: