Oncology Information Systems Market Opportunities, Trends and Future Outlook By 2030
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Oncology
Information Systems Market Overview
The global oncology information
systems market is expected to exhibit a robust 7.5% CAGR over the forecast
period from 2022 to 2030, according to the latest research report from Market
Research Future (MRFR). The research values the global oncology information
system market at USD 4.56 billion by 2030 and projects smooth growth for the
market over the forecast period due to the steady growth in the prevalence of
cancer around the world and the growing acceptance of modern oncology
information systems. Rising awareness about the utility of oncology information
systems in making cancer treatments easier for both patients and doctors is
likely to drive the global oncology information systems market over the
forecast period.
The growing prevalence of cancer is likely
to remain the major driver for the global oncology information systems market
over the forecast period. Cancer has become a major worldwide health threat due
to its growing prevalence, which included 17 million new cases in 2018,
according to the International Agency for Research on Cancer. The number is expected to reach 22 million in
2030, leading to it becoming a major issue for healthcare agencies all over the
world. This is likely to remain the major driver for the global Oncology
Information Systems Market over the forecast period, as the
growing prevalence of cancer drives proportionate growth in the markets for
other equipment and devices needed to treat it.
The increasing investment in cancer
research and technological upgrades in cancer treatment equipment is also
likely to be a major driver for market over the forecast period. Technological
advancements in oncology information systems could play a major role in the
growth of the market over the forecast period, as modernizing oncology
information systems in tune with the times is to the benefit of the
manufacturer.
Market Segmentation
The global oncology information systems
market has been segmented on the basis of product & service type,
application, end user, and region.
By product & service type, the market
has been segmented into software and professional services. The software
segment is further categorized into patient information systems and treatment
planning systems. The professional services segment is further subdivided into
consulting/optimization services, implementation services, and post-sale &
maintenance services. Patient
information systems hold the largest share in the global oncology information
systems market at present.
On the basis of application, the market has been classified
into medical oncology, radiation oncology, and surgical oncology. Medical
oncology is likely to dominate the market over the forecast period.
Based on end user, the market has been segmented into
hospitals & oncology clinics, government institutes, and research centers.
Regional
Analysis
The Americas, Europe, Asia-Pacific, and the Middle East and Africa
are the regions that make up the market. The Americas are expected to dominate
the global oncology information systems market due to the involvement of many
major market players, an increase in the number of cancer cases, developed
healthcare infrastructure, and a higher acceptance rate of technologically
advanced devices or services.
During the forecast era, Europe will trail the Americas in terms
of sales, owing to rising cancer incidence and increased acceptance and use of
healthcare IT in European countries such as the United Kingdom, Germany,
France, Spain, and Italy. While having just 9.0 percent of the global
population, Europe accounts for 23.4 percent of cancer cases and 20.3 percent
of cancer deaths, according to the World Health Organization (WHO) and the
International Agency for Research on Cancer (IARC).
Due to the presence of a geriatric population base, increasing
cancer mortality burden, and growing knowledge about oncology information
systems in India, China, Japan, and Australia, the market in Asia-Pacific is
expected to expand at a faster rate during the forecast period.
The Middle East and Africa has the smallest market share for
oncology information systems in the world. Furthermore, due to improved
healthcare quality in the Middle East, the Middle East would hold the majority
of the region's market share. In the Middle East, the healthcare sector is
rapidly evolving, and the industry has seen many opportunities in recent years.
In the near future, the rapidly evolving technical environment will continue to
affect healthcare.
Competitive Analysis
Accuray Incorporated, Cerner Corporation, Philips Healthcare,
McKesson Corporation, Altos Solutions, Inc., Elekta AB, Varian Medical Systems,
Inc., Flatiron Health, Inc., RaySearch Laboratories, Epic Systems Corporation,
Bogardus Medical Systems, Inc., and CureMD Healthcare are some of the prominent
players in the global oncology
information systems market. Players
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