Oncology Information System Market: Global Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, Segmentation by Products & Services, Application, End-Users and Region

Oncology Information System Market was valued at US$ 8.9 Bn in 2021 and is expected to grow at US$ 16.7 Bn in 2029. Global Oncology Information System Market size is expected to grow at a CAGR of 9.41 % through the forecast period.

Oncology Information System Market Overview:

Oncology information system (OIS) is a comprehensive information and image management solution, which facilitates management and optimization of the profiles and treatment of cancer patients. Oncology Information System maintains patient information such as diagnostic details and patient history, as well as treatment patterns and prescriptions. This system is used to predict treatment outcomes, plan the patient’s treatment accordingly, and exchange cancer patient information among the overall healthcare organizations. Oncology information systems (ois) are essential tools for measuring the rate of adoption and the effectiveness of practice standards, for improving patient safety, and for facilitating research. An oncology information system is a software that collects data related to cancer care and treatment. Specifically, oncology information systems gather information about prevention, screening, treatment, diagnosis, end-of-life care and palliative care. Oncology information systems are important because they support long-term care and integrated care. Oncology information systems also provide critical information that healthcare providers can use in decision-making. This results in higher quality care and better outcomes for patients living with cancer. The report explores the Global Oncology Information System Market segments (By Product & Services, By End-User, By Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Global Oncology Information System Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Oncology Information System Market contemporary competitive scenario. Oncology Information System Market To know about the Research Methodology  :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis especially with the impact of lockdown by region.

Oncology Information System Market Dynamics:

Drivers: The major driver which is responsible for the growth of the Global Oncology Information System Market is the increase in prevalence of cancer cases and plethora of treatment patterns that have enforced healthcare givers to adopt a comprehensive data management system for maintaining large data sets, including patient records and treatment practices. These data management systems or OIS are designed for proper documentation of patient record, maintenance of patient treatment patterns, maintenance of electronic health record (EHR)/electronic medical record (EMR), and treatment prediction. These features offer scope for automation, accessing, and maintaining patient records through a single interface and workflow. Hence, rise in cancer prevalence is contributed to drive the growth of the Global Oncology Information System Market during the forecast period. In addition, availability of various OIS with improved features drives the market growth. OIS has gradually replaced manual and paper medical records, owing to digitalization. These systems are designed to conveniently manage patient treatment plans, treatment schedules, treatment delivery, treatment summaries, and test results. The inbuilt software in these systems simplifies and streamlines the workflow, which aids in providing quality care for patients. OIS provides complete and precise information about personal & medical histories, clinical diagnoses, actual & planned treatment regimens, and post-treatment outcomes. These systems monitor various modalities of oncology care for patients. Restrains: The lack of skilled IT professionals in the healthcare industry is the major restraining factor which hinders the growth of the Global Oncology Information System Market. In hospitals, the lack of qualified resources is a major barrier in implementing OIS solutions. Currently, the demand for healthcare IT professionals far exceeds their supply, not just in developing markets but also in developed markets such as the US and Europe. The growing number of healthcare IT initiatives further adds to the overall burden. Due to difficulties in executing various networks with health settings, wireless connectivity alternatives, and installing security layers to withdraw data breaches, the smaller healthcare organizations strive to implement Internet connectivity to medical devices. In addition, the major restrain factor which obstructs the market growth is the infrastructural expenses for performing an oncology information system and connecting it with different devices with different interfaces. The implementation and subscription fees for integration solutions are a vital financial burden and add to the budgetary woes faced by many hospitals. The cost of OIS for various medical devices is considerably high which leads to restrain the growth of the Global Oncology Information System Market. Opportunities: The healthcare IT industry draws lines into several different industries, including medical technology, healthcare, medical devices, and digital health. This industry is disrupting the traditional healthcare delivery model and research systems with the use of modern and advanced technologies. An integrated healthcare IT environment helps address gaps in the oncology care continuum while reducing ineffective or unnecessary processing steps. It helps to eliminate healthcare redundancy, permitting hospital systems to provide patient-centric care across and between healthcare providers. Thus, by deploying various healthcare IT solutions such as EMR, RIS, PACS, VNA, and treatment planning solutions healthcare organizations have reduced their operational costs while providing improved quality of care. This is driving the demand for oncology information system market among major end-user segments. The development of plethora of products, various strategies among the key players, and increase in use of artificial intelligence are the new opportunities which is responsible for the growth of the Global Oncology Information System Market. Challenges: The concerns regarding data privacy is the biggest challenge which is faced during the growth of the Global Oncology Information System Market. According to a report from the tech consulting firm Protenus, which issues an annual Breach Barometer, the cases of cyberhacking of healthcare organizations has increased. According to this report, there were 470 cases of cyberhacking in 2020 as compared to 330 in 2019. Wide patient information exchanges lead to privacy and security risks and increase the chances of data breaches. The healthcare sector alone accounted for 35.5% of the total tracked breaches. Hence, creating a secure OIS platform is a major challenge faced by vendors catering to the healthcare industry. COVID-19 Impact on Global Oncology Information System Market: Due to COVID-19, the sales and operating incomes of leading market players dropped. Tight controls over production also resulted in reduced inventory. The global COVID-19 pandemic has significantly impacted the European oncology information system markets. Due to the pandemic, in April 2021, oncology specialists were seeing 52% fewer patients per week. In June 2021 and after ease of restriction they now seeing 36% fewer patients. For example, at the UK country level, improvements in the number of patients seen per week is noticeably better in June vs April where oncology specialists see 38% fewer patients per week vs 66% per week in April – an improvement of a 28-percentage points. In addition, the COVID-19 outbreak is contributed to have a negative impact on the oncology information systems market. A huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. Nonessential procedures took a potential backlog due to rapid rise in COVID-19 cases. The lockdown led to disruption of manufacturing and transportation of healthcare essentials. The demand for OIS solutions declined during the pandemic, owing to shut down of many hospitals and oncology clinics. However, increase in vaccination rate is expected to stabilize the market.

Oncology Information System Market Segment Analysis:

Oncology Information System Market Based on Type, The software segment is dominating the market with the highest market share in the year 2022. Due to the growing need to control the rising oncology care costs and improve the efficiency of oncology care services by reducing medical errors, the software segment leads to the growth of the Global Oncology Information System Market. Software is integral part of any oncology information system and works as interface between database and end user. Rising availability of a variety of cancer therapies, such as chemotherapy and radiation therapy, and presence of huge cancer population base are trending the overall Oncology Information System Market. The patient information systems segment has the largest share in the software segment. A patient information system is a kind of clinical information system assigned to collecting, storing, manipulating, and making available clinical information crucial to the delivery of patient care. The primary focus of such systems is clinical data and not financial or billing data. Oncology Information System Market 1 Based on the Application, The segment radiation oncology is expected to grow with the highest CAGR of XX% during the forecast period. The demand for radiation oncology has increased due to increase in the number of radiosurgeries, and a large volume of cancer-related data is being generated at radiological departments. The growing installation base of radiation therapy devices, the increasing number of radiosurgery procedures involving fractures, the rapid increase in the population affected by cancer globally, and the development of advanced radiology techniques, information systems, and radiation therapy planning are the factors which leads to the growth of the Global Oncology Information System Market. Radiation oncology treatment is a highly cost-effective cancer treatment. It requires less than 9 cents out of each healthcare dollar spent on treating cancer overall, yet it is essential in about 40% of all cured cancers. With cancer being the leading cause of death worldwide, investment in developing radiation oncology treatments, helping cancer patients access radiation therapy and building new treatment centres have never been more critical. Based on End-Users, Oncology Information System Market 2 The segment Hospitals & Diagnostic Imaging Centres is expected to lead the market growth with the highest market share in the year 2022. This growth is attributed to significantly large number of cancer cases and rising adoption of technologically advanced cancer treatment systems in hospitals globally. The increasing adoption of oncology information system at hospital and diagnostic imaging centres is due to large amount of data generated during diagnosis and treatment of cancer and significant number of patient submissions/visits every year worldwide. The factors such as the increasing government initiatives aimed at equipping (or upgrading) hospitals with newer and advanced systems leads to the growth of the Global Oncology Information System Market. Apart from these, high budget of hospitals for introducing several advanced oncology information systems products is also predicted to bolster the market segment growth in the years to come. The rising demand for keeping track of patient data and coordinating treatment plans, and surging adoption of web- and cloud-based models in the medical industry are the factors which are responsible for the growth of the Global Oncology Information System Market.

Oncology Information System Market Regional Insights:

The Asia-Pacific region is expected to witness significant growth at a CAGR of XX% through the forecast period owing to the rapidly improving healthcare infrastructure, increasing initiatives related to modernization of healthcare infrastructure, and rising government efforts to broaden public access for modern healthcare systems. the rising prevalence of cancer, and increasing investment for implementation of IT solutions in healthcare settings leads to the growth of the Global Oncology Information System Market. Certain cancers are linked to a poor prognosis and a greater death rate. Moreover, the market in North America is assessed to acquire the largest share during the forecast period, which can be credited to the availability of advanced healthcare infrastructure, and rapidly growing elderly population in the region. The rising prevalence of cancer and the availability of advanced healthcare infrastructure are the factors which leads to the market growth. In North America region, the increasing number of populations suffering from cancer, along with the rising geriatric population and developments related to cancer therapy and rising government initiative for the awareness of cancer in the country which contributes to further drive the Global Oncology Information System Market in this region. The objective of the report is to present a comprehensive analysis of the Global Oncology Information System Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Oncology Information System Market dynamic, structure by analyzing the market segments and projecting the Global Oncology Information System Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Oncology Information System Market make the report investor’s guide.

Oncology Information System Market Scope: Inquire before buying

Oncology Information System Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 8.9 Bn.
Forecast Period 2022 to 2029 CAGR: 9.41% Market Size in 2029: US$ 16.7 Bn.
Segments Covered: by Product & Services • Software o Patient Information Systems o Treatment Planning Systems o Chemotherapy Information System • Services o Consulting/Optimization Services o Implementation Services o Post-Sale and Maintenance Services
by Application • Radiation Oncology • Medical Oncology • Surgical Oncology
by End-User • Hospitals & Diagnostic Imaging Centers • Ablation Care Centers and Cancer Care Centers • Government Institutions • Research Facilities

Oncology Information System Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Oncology Information System Market Key Players

• Bizmatics, Inc. • Siemens Healthcare • IMPAC Medical Systems, Inc. • CureMD Corporation • Raysearch Laboratories • Varian Medical Systems, Inc. • Mckesson Corporation • Koninklijke Philips N.V. • Epic Systems Corporation • Elekta AB • Cerner Corporation • Altos Solutions, Inc. • Accuray Incorporated • IBM • Advanced Data Systems • Bogardus Medical Systems, Inc • F. Hoffmann-La Roche AG • Altai Oncology, LLC. • GE Healthcare • OPTUM • Allscripts Healthcare Solutions, Inc. • MICA Information Systems, Inc. • EndoSoft LLC • MIM Software Inc. Frequently Asked Questions: 1] What segments are covered in the Global Oncology Information System Market report? Ans. The segments covered in the Global Oncology Information System Market report are based on Product & Services, End-Users and Application. 2] Which region is expected to hold the highest share in the Global Oncology Information System Market? Ans. Asia-Pacific region is expected to hold the highest share in the Global Oncology Information System Market. 3] What is the market size of the Global Oncology Information System Market by 2029? Ans. The market size of the Global Oncology Information System Market by 2029 is expected to reach US$ 16.7 Bn. 4] What is the forecast period for the Global Oncology Information System Market? Ans. The forecast period for the Global Oncology Information System Market is 2022-2029. 5] What was the market size of the Global Oncology Information System Market in 2022? Ans. The market size of the Global Oncology Information System Market in 2022 was valued at US$ 8.9 Bn.
1. Global Oncology Information System Market: Research Methodology 2. Global Oncology Information System Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Oncology Information System Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Oncology Information System Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Oncology Information System Market Segmentation 4.1. Global Oncology Information System Market, By Products & Services (2022-2029) • Software o Patient Information Systems o Treatment Planning Systems o Chemotherapy Information System • Services o Consulting/Optimization Services o Implementation Services o Post-Sale and Maintenance Services 4.2. Global Oncology Information System Market, By Application (2022-2029) • Radiation Oncology • Medical Oncology • Surgical Oncology 4.3. Global Oncology Information System Market, By End-Users (2022-2029) • Hospitals & Diagnostic Imaging Centers • Ablation Care Centers and Cancer Care Centers • Government Institutions • Research Facilities 5. North America Oncology Information System Market (2022-2029) 5.1. North America Oncology Information System Market, By Products & Services (2022-2029) • Software o Patient Information Systems o Treatment Planning Systems o Chemotherapy Information System • Services o Consulting/Optimization Services o Implementation Services o Post-Sale and Maintenance Services 5.2. North America Oncology Information System Market, By Application (2022-2029) • Radiation Oncology • Medical Oncology • Surgical Oncology 5.3. North America Oncology Information System Market, By End-Users (2022-2029) • Hospitals & Diagnostic Imaging Centers • Ablation Care Centers and Cancer Care Centers • Government Institutions • Research Facilities 5.4. North America Oncology Information System Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Oncology Information System Market (2022-2029) 6.1. European Oncology Information System Market, By Products & Services (2022-2029) 6.2. European Oncology Information System Market, By Application (2022-2029) 6.3. European Oncology Information System Market, By End-Users (2022-2029) 6.4. European Oncology Information System Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Oncology Information System Market (2022-2029) 7.1. Asia Pacific Oncology Information System Market, By Products & Services (2022-2029) 7.2. Asia Pacific Oncology Information System Market, By Application (2022-2029) 7.3. Asia Pacific Oncology Information System Market, By End-Users (2022-2029) 7.4. Asia Pacific Oncology Information System Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Oncology Information System Market (2022-2029) 8.1. Middle East and Africa Oncology Information System Market, By Products & Services (2022-2029) 8.2. Middle East and Africa Oncology Information System Market, By Application (2022-2029) 8.3. Middle East and Africa Oncology Information System Market, By End-Users (2022-2029) 8.4. Middle East and Africa Oncology Information System Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Oncology Information System Market (2022-2029) 9.1. South America Oncology Information System Market, By Products & Services (2022-2029) 9.2. South America Oncology Information System Market, By Application (2022-2029) 9.3. South America Oncology Information System Market, By End-Users (2022-2029) 9.4. South America Oncology Information System Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Bizmatics, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Siemens Healthcare 10.3. IMPAC Medical Systems, Inc. 10.4. CureMD Corporation 10.5. Raysearch Laboratories 10.6. Varian Medical Systems, Inc. 10.7. Mckesson Corporation 10.8. Koninklijke Philips N.V. 10.9. Epic Systems Corporation 10.10. Elekta AB 10.11. Cerner Corporation 10.12. Altos Solutions, Inc. 10.13. Accuray Incorporated 10.14. IBM 10.15. Advanced Data Systems 10.16. Bogardus Medical Systems, Inc 10.17. F. Hoffmann-La Roche AG 10.18. Altai Oncology, LLC. 10.19. GE Healthcare 10.20. OPTUM 10.21. Allscripts Healthcare Solutions, Inc. 10.22. MICA Information Systems, Inc. 10.23. EndoSoft LLC 10.24. MIM Software Inc.

About This Report

Report ID 6591
Category Healthcare
Published Date Nov 2019
Updated Date July 2022
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