Oncology information systems market was valued at USD 2.70 Billion in 2021, registering a CAGR of 7.5% during the forecast period (2022-2030), and is projected to be worth USD 5.18 Billion by 2030. There is a rising need for various types of OIS software as a result of OIS’s ability to streamline patient data management and information. Market expansion is anticipated to be fueled by an increase in corporate spending on cancer research. The market is predicted to expand significantly shortly, and businesses are actively investing in the creation of cutting-edge items. Due to a tremendous flood of funds and resources for the healthcare industry, particularly in the field of cancer, the investments by key players in the OIS development will present a huge potential. Up until 2024–2025, the British government intends to invest USD 26 billion in R&D.
Oncology Information Systems Market Dynamics:
An oncology information system (OIS) is a comprehensive information and image management solution that facilitates the management and optimization of cancer patient profiles & treatment. Patient portfolios are managed by software known as OIS in healthcare settings such as clinics, hospitals, and research laboratories.
Driver:
The global increase in cancer cases is one of the main factors driving the market for oncology information systems. Globally, there were 19.29 million new cases of cancer in 2020, and GLOBOCAN 2020 predicts that number would rise to 28.4 million by 2040 (an increase of 47%). It is projected that 50.6 million individuals worldwide have cancer (5-year prevalence, or the total number of people living with cancer from the last 5 years).
Restraint:
One of the biggest restraints to the implementation of OIS solutions in hospitals is a shortage of competent personnel. Currently, the demand for healthcare IT specialists considerably outperforms the supply in major countries like the US and Europe as well as developing ones. According to the Government of Canada’s 2020 report, for instance, there is a scarcity of IT specialists in the country’s healthcare systems; approximately 79% of the present clinical IT workers there require extra training. Hence, a dearth of skilled IT professionals in the healthcare industry is expected to act as a restraint to the oncology information systems market.
Opportunities:
The oncology information systems market is expected to grab significant opportunities as a result of the monumental rise of healthcare IT, the rising incidence of cancer around the world, rising development costs for cancer therapies and care, and the rising adoption of OIS solutions by healthcare institutions.
COVID-19 Analysis of Oncology Information Systems Market:
The COVID-19 pandemic’s influence on public health and the biochip supply chain led to an imbalance in supply and demand. With assistance from academic institutions and biopharma businesses, product demand expanded. For instance, a team of scientists from The Czech Academy of Sciences (the CAS) created a device with a biochip to identify the COVID-19 virus in January 2022. The researchers claim that a biochip is equally accurate and as quick as a PCR test. It is anticipated that the use of biochip technology in a variety of applications will accelerate industrial growth.
Oncology Information Systems Market Report Cover:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 5.18 Billion |
| CAGR (2022-2030) | 7.5% |
| By Product | Solutions (Patient Information Systems, Treatment Planning Systems) Professional Services |
| By Application | Medical Oncology, Radiation Oncology, Surgical Oncology |
| By End-Use | Hospitals & Diagnostic Imaging Centers, Ablation Care Centers and Cancer Care Centers, Government Institutions, Research Facilities |
| By geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) The Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | Elekta AB, Accuray Inc., Varian Medical Systems, RaySearch Laboratories, Cerner Corp., BrainLab, Philips Healthcare, Prowess, Inc., DOSIsoft S.A., ViewRay Inc., MIM Software and Flatiron, McKesson Corporation, Siemens Medical Solutions Inc. |
Oncology Information Systems Market Segment Analysis:
By Product
The global oncology information system market has been divided into solutions and professional services based on products segment. With 72.3% of the total sales in 2021, the solutions segment had the largest share in the market. During the projected period, the segment is also anticipated to increase at the fastest rate. Further, due to the increasing acceptance of proper management of radiology imaging by healthcare providers the segment is leading in the market. These products promote the direct connection between patients and physicians and aid in the collection of cancer patient-reported outcomes, which contributes to the expansion of this oncology information system market.
By Application
Medical oncology, radiation oncology, and surgical oncology are the sub-segments of the global oncology information system market based on applications. The largest portion of the global revenue in 2021 accounted for 61.4% of the medical oncology segment in the forecast period. Due to the quick development of targeted therapy, hormone therapy, and immunotherapy for the efficient treatment of various malignancies, the medical oncology category is also anticipated to grow at the quickest CAGR throughout the projection period. Additionally, several initiatives for cancer research are being carried out by significant firms, which is further boosting the segment expansion in the oncology information system market.
By Region
The North American regional market led all other markets with a 38.5% sales share in 2021. The accessibility of advanced healthcare infrastructure and rising patient information management awareness in the area are important driving factors for market expansion. Additionally, the expanding use of EMR for making better treatment decisions and the increased implementation of OIS to monitor and record cancer patient treatment outcomes are anticipated to support regional market expansion. Demand for OIS in this region is also anticipated to rise as a result of the increased requirement for managing treatment schedules, doses, and treatment planning.
Oncology Information Systems Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. The majority of manufacturers are concentrating on new product launches, improvements to the current product, and mergers and acquisitions. The key player in the market include
- Elekta AB
- Accuray Inc.
- Varian Medical Systems
- RaySearch Laboratories
- Cerner Corp.
- BrainLab
- Philips Healthcare
- Prowess, Inc.
- DOSIsoft S.A.
- ViewRay Inc.
- MIM Software
- Flatiron
- McKesson Corporation
- Siemens Medical Solutions, Inc.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of Oncology Information Systems
- Global Oncology Information Systems Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Oncology Information Systems Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average Product primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Therapeutic
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Product Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Oncology Information Systems Market demand
- Post-Covid Impact on Oncology Information Systems Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Oncology Information Systems Market Segmentation, Revenue (USD Billion), (2022-2030)
- By Product
- Solutions
- Patient Information Systems
- Treatment Planning Systems
- Professional Services
- Solutions
- By Application
- Medical Oncology
- Radiation Oncology
- Surgical Oncology
- By End-Use
- Hospitals & Diagnostic Imaging Centers
- Ablation Care Centers and Cancer Care Centers
- Government Institutions
- Research Facilities
- By Product
- By Global Oncology Information Systems Market Overview, By Region
- North America Oncology Information Systems Market Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Product
- By Application
- By End-Use
- Canada
- Mexico
- US
- Europe Oncology Information Systems Market Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Oncology Information Systems Market Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Oncology Information Systems Market Revenue (USD Billion), by Countries, (2022-2030)
- Latin America Oncology Information Systems Market Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- The Middle East and Africa Oncology Information Systems Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Oncology Information Systems Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Elekta AB
- Business Overview
- Business Financials (USD Billion)
- Product Category, Source, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- Accuray Inc.
- Varian Medical Systems
- RaySearch Laboratories
- Cerner Corp.
- BrainLab
- Philips Healthcare
- Prowess, Inc.
- DOSIsoft S.A.
- ViewRay Inc.
- MIM Software
- Flatiron
- McKesson Corporation
- Siemens Medical Solutions, Inc.
- Elekta AB
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
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