Oncology Information Systems Market Size Expected to Garner USD 7.5 Billion by 2030 growing at 7.9% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Oncology Information Systems Market Size is predicted to grow at a CAGR of 7.9% between 2022 and 2030, from USD 3.8 Billion in 2021 to USD 7.5 Billion by 2030, as per the Acumen Research and Consulting
The oncology information systems market has seen a remarkable evolution over the years. The primary objective of these systems is to provide effective management and efficient delivery of cancer care. The increasing number of cancer cases globally has propelled the demand for advanced information systems in the oncology field. The need for efficient and accurate data management in oncology has resulted in the market growth.
The development of new and innovative technologies has resulted in a significant improvement in the delivery of cancer care. The integration of artificial intelligence and machine learning algorithms has added a new dimension to the oncology information systems market. These technologies enable healthcare providers to analyze large amounts of data, resulting in improved patient outcomes.
Additionally, the increasing adoption of cloud-based systems has increased the reach of the oncology information systems market growth. The ability to access patient data from anywhere and at any time has made these systems popular among healthcare providers. With the increasing demand for these systems, the market is projected to grow at a substantial pace over the forecasting years. In conclusion, the global market is poised for significant growth, driven by technological advancements and the increasing demand for efficient and effective cancer care.
Oncology Information Systems Market Statistics
- Global oncology information systems market revenue collected USD 3.8 Billion in 2021, with a 7.9% CAGR between 2022 and 2030
- The WHO predicts that the global cancer burden would continue to climb, with 19 million new cases and 9.6 million deaths
- North America oncology information systems market value gathered more than USD 1.5 Billion in 2021
- Lung cancer is the leading cause of cancer death among both men and women, accounting for over 1.7 million deaths in 2018
- By applications, medical oncology capture over 62% of total market share in 2021
- Development of new and innovative technologies, fuels the oncology information systems market size
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Oncology Information Systems Market Trends
The oncology information systems market has evolved significantly over the past few years, owing to the growing demand for advanced healthcare solutions and the increasing need for improved patient care and management. With the rise in the number of cancer cases and the increasing importance of data-driven decision-making, there is a growing need for Oncology Information Systems (OIS) that provide integrated solutions for patient care, diagnosis, and treatment. This has led to the development of innovative solutions that can streamline the management of patient information and help improve the overall quality of care.
One of the major trends in the oncology information systems industry is the adoption of cloud-based solutions. Cloud-based solutions provide several benefits, including enhanced data security, improved data access and management, and reduced costs. With the increasing demand for cost-effective solutions, many healthcare providers are shifting towards cloud-based OIS, which provides real-time data access, secure storage, and improved data management.
Another trend in the oncology information systems market is the integration of Artificial Intelligence (AI) and machine learning technologies. These technologies enable healthcare providers to analyze patient data and diagnose diseases accurately. The integration of AI and machine learning in OIS can also help healthcare providers identify potential treatment options and predict outcomes.
Oncology Information Systems Market Segmentation
Acumen Research and Consulting has segmented the global oncology information systems market by application, end-user, product & services, and region.
- By application, the market is categorized into radiation oncology, medical oncology, and surgical oncology.
- By end-user, the market is divided into the research facilities, hospitals & diagnostic imaging centers, government institutions, and ablation care centers and cancer care centers.
- By product & services, the market is bifurcated into the professional services, and solutions (treatment planning systems and patient information systems).
- By region, the market is segmented into Latin America, Asia-Pacific, North America, Europe, and the MEA.
Oncology Information Systems Market Regional Overview
In terms of region, North America leads the oncology information systems market in 2021. This growth is due to the increased demand for better cancer care, investment in healthcare infrastructure, and the presence of prominent players. Moreover, North America has a high adoption rate of new and innovative technologies, including electronic medical records (EMRs) and computerized physician order entry (CPOE) systems. The region is home to several leading technology companies, which have been at the forefront of developing these systems. This has enabled healthcare providers in the region to offer efficient and effective cancer care.
Additionally, the presence of favorable government regulations and initiatives has also boosted the expansion of the regional oncology information systems market share. The U.S. government has been providing incentives to healthcare providers to adopt electronic health records, which has increased the uptake of EMRs and CPOE systems.
Oncology Information Systems Market Players
Some of the major oncology information systems market companies are Cerner Corp., ViewRay Inc., Elekta AB, Accuray Incorporated, RaySearch Laboratories, Flatiron, BrainLab, Prowess, Inc., DOSIsoft S.A., Varian Medical Systems, Cerner Corporation, and Philips Healthcare.
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