The global oncology information systems market size is
expected to reach USD 3.4 billion by 2026, according to a new report by Grand
View Research, Inc. It is anticipated to register a CAGR of 8.4% during the
forecast period. Increasing prevalence of cancer and several initiatives
pertaining to cancer research taken by major players are among the key driving
factors for market growth.
Increasing investment in the field of oncology
are among the factors expected to drive the oncology information system market
over the forecast period. For instance, in 2018, Varian announced the
acquisition of Noona Healthcare. Noona’s patient software application will help
in capturing cancer patient-reported outcomes and facilitate direct
communication with the patients. This acquisition will help Varian to boost its
oncology software services. General Atlantic a Connecticut based company
invested around USD 200 million for launching OneOncology, a company designed
for helping community oncology practices with the technology data, innovation
and research by leveraging the scale. Thus, these factors are expected to drive
the OIS market growth.
Key players are also taking initiatives for
developing more advanced OIS with an aim for bringing improvement in the cancer
treatment. For instance, Elekta announced investment in PalabraApps LLC for the
development of advanced Elekta Clinical workflow mobility and productivity
tools. The tools developed through these investments will provide the customers
with solutions, which are fully integrated with the Elekta's Mosaiq OIS for
addressing the growing need of enhanced clinical efficiency and quality
control. Such initiatives are anticipated to propel the oncology information
system market during the forecast period.
For full research report on Oncology
Information Systems Market visit here: https://www.grandviewresearch.com/industry-analysis/oncology-information-systems-market
Further key
findings from the report suggest:
- In terms of revenue, software segment is
estimated to expand at the highest CAGR over the forecast period,
attributed to the benefits offered by software, such as streamlining and
fine-tuning the patient management and data management processes
- Medical oncology is expected to register
highest CAGR among application segment over the forecast period owing to
the factors, such as increasing usage of chemotherapy, targeted therapy,
and hormonal therapy
- Asia Pacific is expected to witness the
fastest CAGR over the forecast period. Various government initiatives and
increasing healthcare expenditure are anticipated to drive the regional
growth
- Few key players operating in the oncology
information systems market are Elekta AB, Varian Medical Systems, Accuray
Incorporated, Cerner Corporation, RaySearch Laboratories and Flatiron.
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Grand
View Research has segmented the global oncology information systems market on
the basis of products and services, application, and region:
Oncology
Information Systems Products and Services Outlook (Revenue, USD Billion, 2014 -
2026)
- Software
- Patient Information
Systems
- Treatment Planning
Systems
- Professional
Services
Oncology
Information Systems Application Outlook (Revenue USD Billion; 2014 - 2026)
- Medical Oncology
- Radiation Oncology
- Surgical Oncology
Oncology
Information Systems Regional Outlook (Revenue, USD Billion; 2014 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia-Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- Saudi Arabia
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.