Press Release Description

Flooding Cancer Patient Pool & Substantial Healthcare Funding Driving the Oncology Information Systems Market through 2027

The Global Oncology Information Systems Market is projected to grow at a CAGR of 11% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market is driven by the rapidly increasing cancer cases globally, demonstrating an alarming need to find more reliable & effective diagnoses, treatment, and care for the patients. In addition to the advent of new technologies like Artificial intelligence (AI) in various industries, including the healthcare sector, the utilization of Oncology Information Systems is widening to reap the benefits and bring progress & efficiency to the industry.

Besides, since Oncology information systems facilitate treatment along with the more comprehensive coverage of every dimension, its popularity & demand for efficient treatment for cancer patients is escalating too. As a result, such factors are making the Oncology information systems indispensable for the management and generating lucrative opportunities for the leading players to widen their service offering & stay afloat in the competition, further states the research report, “Global Oncology information systems market Analysis, 2022.”

Software to Take Over the Oncology Information System Market with the Most Demand

Based on the Offering, Software is anticipated to dominate the Global Oncology Information System Market with the largest share during the forecast period. It owes principally to the capabilities of these software solutions to streamline cancer patients' information & schedule appropriate treatment along with other transactional details for billing & non-billing purposes.

Besides, since software for Oncology information systems provides IT solutions in healthcare settings by replacing the manual database with a web-based one, these solutions also minimize errors & swiftly gain momentum, helping the healthcare professionals to enhance the performing treatments using proper analysis & research.

Massive Investments in the Healthcare sector in North America to Drive the Market through 2027

Geographically, North America is anticipated to prevail in its dominance from the previous years to the forecast years in the Global Oncology Information Systems Market during the forecast period. It owes principally to the high prevalence of cancer across countries like the US & Canada across the region, entwined with the massive investments by the governments in developing & procuring technologically advanced solutions for better cancer diagnosis, treatment, and care. It, in turn, is augmenting the demand for Oncology Information Systems and contributing to the swift expansion of the market across North America during the forecast period.

Competitive Landscape

The leading players in the Global Oncology information systems market are Accuray Inc., BrainLab, Cerner Corp., DOSIsoft S.A., Elekta AB, Flatiron, McKesson Corporation, MIM Software, Philips Healthcare, Prowess, Inc., RaySearch Laboratories, Siemens Medical Solutions, Inc., Varian Medical Systems, ViewRay Inc., and Others

Key Questions Answered in the Research Report

  1. What are the current & future trends in the Global Oncology information systems market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across various regions, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Oncology information systems market?
  5. What are the customer orientation, purchase behavior, & expectations from Oncology Information System providers across various regions?

Market Segmentation:

  1. By Offering (Software (Patient Information Systems Software, Treatment Planning Systems Software), Professional Services)
  2. By Application (Medical Oncology, Radiation Oncology, Surgical Oncology
  3. By End-User (Hospitals, Oncology Clinics, Ablation Care Centers & Cancer Care Centers, Research Institutes)
  4. By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)