The global oncology information system market is estimated to occupy a large amount of revenue by recording a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the increasing occurrence of cancer, and growing geriatric population around the world. Apart from these, government initiatives aimed at raising the demand for oncology information systems, and rising number of specific therapies in the oncology pipeline globally are also expected to drive market growth in the forthcoming years.

Research Nester published a report titled “Oncology Information System Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global oncology information system market in terms of market segmentation by product, software, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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The market is segmented by product, software, and end user. Based on product, the software segment is anticipated to grab the largest market share during the forecast period on the back of surge in demand for coordinating treatment plans and keeping track of patient data. Additionally, by end user, the hospitals segment is projected to gather the largest share over the forecast period ascribing to the fact that large number of patients prefer hospital treatment, specifically in emerging nations, and growing procedural volume in hospital settings.

Geographically, the global oncology information system market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the availability of developed healthcare infrastructure, and increasing elderly population in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth over the forecast period ascribing to the growing prevalence of cancer in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Incidences of Cancer Around the World to Boost Market Growth

The World Cancer Research Fund states that there were about 18 million cases of cancer worldwide in 2018, out of which 9.5 million cases were in men and 8.5 million in women.

As the number of cases of cancer patients are exponentially increasing, the demand for advanced oncology solutions is also on a rise. This is leading to a rapid surge in the sales of oncology information systems owing to their ability to eliminate paper record and effectively manage treatment plans, which in turn is projected to significantly accelerate the market growth in the near future.

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However, high cost of oncology information systems is expected to operate as key restraint to the growth of the global oncology information system market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global oncology information system market which includes company profiling of Koninklijke Philips N.V., Varian Medical Systems, Inc, McKesson Corporation, Elekta AB, Epic Systems Corporation, IBM Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., MICA Information Systems, Inc., EndoSoft LLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global oncology information system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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