Overview and Scope
Oncology information systems refer to a software solution that supports the provision of comprehensive information and image management for cancer. They are used to manage cancer data and monitor cancer care.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
Top 5 Major Players:
- Koninklijke Philips NV,
- Varian Medical Systems Inc.,
- McKesson Corporation,
- Siemens Medical Solutions USA Inc.,
- Elekta AB
North America was the largest region in the oncology information system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the oncology information system market report during the forecast period. The regions covered in the oncology information systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the market are focused on developing innovative products such as cloud-based oncology analytics systems to expand customer base and gain a competitive advantage. A cloud-based oncology analytics system is a digital platform hosted on cloud infrastructure that provides advanced data analytics and insights specifically tailored for oncology (cancer) treatment. For instance, in September 2023, RaySearch Laboratories, a Sweden-based cancer treatment and medical equipment manufacturing company, unveiled its latest offerings including the RayCare oncology information system and the cloud-based oncology analytics system, RayIntelligence. The upgraded version of RayCare introduces improved treatment schedules, enhanced support for data migration, and updates to the patient chart and task management features. Notably, attendees will have the opportunity to explore a dedicated workspace for treatment course management, catering to all user requirements related to fractionation scheduling, plan assignments, treatment setting management, and approvals. Moreover, RayIntelligence provides valuable features such as DICOM data import and new clinical goals dashboards.
The oncology information systems market report table of contents includes:
1. Executive Summary
2. Oncology Information Systems Market Characteristics
3. Oncology Information Systems Market Trends And Strategies
4. Oncology Information Systems Market – Macro Economic Scenario
5. Global Oncology Information Systems Market Size and Growth
….
31. Global Oncology Information Systems Market Competitive Benchmarking
32. Global Oncology Information Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Oncology Information Systems Market
34. Oncology Information Systems Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Oncology Information Systems Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Oncology Information Systems Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Oncology Information Systems Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 74: Koninklijke Philips NV Financial Performance
Table 75: Varian Medical Systems Inc. Financial Performance
Table 76: McKesson Corporation Financial Performance
Table 77: Siemens Medical Solutions USA Inc. Financial Performance
Table 78: Elekta AB Financial Performance
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