The global oncology information system market is estimated to grow at a CAGR of 8.5% in the forecast period. Development of technologically advanced OIS, increasing prevalence of cancer, rapidly aging population, and increasing adoption of oncology information system are key factors fuelling growth of this market. However, shortage of healthcare IT professionals and high maintenance and service expenditure are some of the key restraints hampering the market. The market is expected to reach $2.6 billion by 2019 at a CAGR of 8.5% from 2014 to 2019.

Emerging markets such as China, India, Brazil, and Mexico are the new revenue pockets for companies that are engaged in the development and marketing of oncology information system. Growing patient population, government-sponsored cancer programs, and rising trend of medical tourism owing to low-cost treatments are the key factors propelling demand for oncology information system in these emerging nations.

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As of 2013, Elekta AB (Sweden) and Varian Medical Systems, Inc. (U.S.) hold the leadership position in the global oncology information system market. Some of the other key players in this market are Accuray Incorporated (U.S.), Altos Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Elekta AB (Sweden), Epic Systems Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), and McKesson Corporation (U.S.). Market players primarily focus on the development of innovative software solutions and inorganic strategies such as acquisitions and agreements in order to ensure their growth in this market.

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