Global Oncology Information Systems Market: Overview

The drive for oncology information systems (OIS) in cancer management is gathering strength from the need for coordinating care among providers. Broadly, such systems integrate vendor offerings with disparate healthcare information technology (HIT) systems. A multidisciplinary approach is necessary for patient-centered care in oncology, which makes the integration imperative for advancing workflows and usability. This has been a key force behind the evolution of the oncology information systems market. Further, oftentimes the need for a robust communication between medical and radiation oncology solutions calls for customizations, thereby opening new avenues in the oncology information systems market.

Oncology information systems manage data from various treatment schedules, treatment plans, and treatment delivery for each patient. Focus on laying a framework on standardization in OIS is further advancing the level of care for each cancer patient through a multidisciplinary approach. Strategic collaborations between players and recent spree of acquisitions have shaped the competitive landscape in the oncology information systems market.

The global oncology information systems market is expected to clock 7.6% CAGR during 2017 - 2022. In 2017, the global valuation was US$2,285.6 million in 2017 and by the end of the forecast period, the market is projected to reach worth of US$3,293.8 millon.

The report segments the global oncology information systems market on the basis of end use, service type, and application.

oncology information system market

Patient Information Systems Leads, Treatment Planning Systems to Gain Strength               

The various key service types in the oncology information systems market are patient information systems (PIS), treatment planning systems (TPS), consulting services, implementation services, and post-sale and maintenance services. Of these, the PIS segment led the pack in 2016 and is expected to retain its lead in coming years as well. In 2017, the segment stood at worth of US$794.4 mn. During the forecast period of 2017 – 2022, the patient information systems is projected to expand 7.1% CAGR during 2017 to 2022 and touch valuation of US$1,117.7 mn by 2022-end. However, the segment is expected to lose incremental share; it is expected to reach 33.9% by 2022. A large part of the trend is attributed to the growing demand for such systems in treatment planning systems and consulting services.

The various end users in the oncology information systems market are oncology clinics, hospitals, and research centers. Of all, hospitals are expected to emerge as the key revenue generator during the assessment period. Growing focus of vendors on institutionalized healthcare providers is key to the growing uptake of oncology information systems in the segment.

Strides in Patient-Centered Care in Oncology Cement Potential in Asia Pacific

The key regions for assessing the growth prospects in the oncology information systems market comprise North America, Europe, Asia Pacific, Latin America, Japan, and Asia Pacific excluding Japan (APEJ). Of these, North America has been the major revenue contributor and is expected to maintain its leading position throughout the forecast period.

The growth in the regional market has been ignited by rapid advances being made in patient-centered care in oncology. The North America oncology information system market stood at US$933.7 mn in 2017. Rising at 8.6% CAGR during 2017 – 2022, the regional market is anticipated to reach worth of US$1,411.5 mn by 2022. Over the past few years, several players have collaborated in adopting better standards for integration with the help of new cancer information systems. Europe has also seen some big revenue streams in oncology information systems market. Countries that will emerge as new engine for growth in the global market in near future include the U.K., the U.S., and Canada.

Meanwhile, the pace with which the APEJ oncology information system market is evolving is outstanding. The regional market will contribute at least 16.0% of the revenues to the global oncology information system market 2017-end. Constant focus of governments in number of its economies for advancing patient care for cancer patients is a key factor propelling lucrative opportunities in the region.

Global Oncology Information System Market: Overview

The global oncology information system market report presents a comprehensive view of the market in order to familiarize readers with the overall composition of the oncology information system market and the dynamics affecting its growth trajectory in the coming years. The global oncology information system market is profiled in the report with the help of detailed assessments of the market’s competitive dynamics, leading players, and major segments. The comprehensive market assessment provided in the report is backed by reliable databases illustrating the historical trajectory of the oncology information systems and solid analytical models providing a clear look at how the market is likely to develop over the coming years.

The global oncology information systems market was valued at close to US$2.3 bn in 2017 and is likely to rise to US$3.3 bn by 2022 at a solid CAGR of 7.6% therein.

Global Oncology Information System Market: Dynamics

The report provides readers with detailed information regarding the major factors affecting the development of the oncology information system market and what role they are likely to play in the growth of the market in the coming years. The effect of major drivers on the oncology information system market is assessed quantitatively and qualitatively in the report to provide a clear picture of which factors are likely to have a lasting impact on the market. The analysis of the major restraints facing the global oncology information system market will also help readers assess which risks threaten their operations in the market in the coming years and how to overcome or avoid them in the coming years.

The major drivers working for the global oncology information system market are the rising prevalence of cancer across the world and particularly the rising incidence of cancer recurrence among cancer patients, the increasing use of digital tools in the healthcare sector, and the rising government support to cancer research. Nevertheless, the absence of favorable regulatory scenarios for oncology information systems is likely to offset the growth prospects of the oncology information system market in the coming years.

Global Oncology Information System Market: Segmentation

The report analyzes the segmentation of the global oncology information system market in detail to give readers a clear picture of the granular composition of the market. Historical information about the leading segments of the oncology information system is provided in the report in terms of the 2012-2017 growth trajectory of the segments. This provides a solid foundation to reliable predictions regarding the way the segments are likely to evolve over the coming years and how they are likely to contribute to the global oncology information system market.

By service type, the report segments the global oncology information system market into patient information systems, treatment planning systems, consulting services, implementation services, and post-sale and maintenance services. Patient information services are likely to remain the dominant segment of the global oncology information system market in the coming years and are expected to account for close to 34% of the market in 2022.

By end use, the report segments the global oncology information system market into hospitals, oncology clinics, governmental institutions, and research centers. By application, the oncology information system market is segmented into radiation oncology, surgical oncology, and medical oncology.

Geographically, North America is likely to remain the dominant contributor to the global oncology information system market. The region is expected to exhibit a strong 8.6% CAGR over the 2017-2022 forecast period to emerge at a valuation of US$1,411.5 mn by 2022.

Competitive Dynamics

The report devotes a major part to analyzing the competitive dynamics of the global oncology information system market in order to familiarize readers with the workings of the market. Leading oncology information system market players profiled in the report include Accuray Inc., Koninklijke Philips N.V., Cerner Corporation, Mckesson Corporation, Flatiron Health Inc., Raysearch Laboratories, Epic Systems Corporation, Verian Medical Systems Inc., and Elekta AB.

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Oncology Information System Market

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