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Published Date: 2017-10-03Number of Pages: 170

Oncology Information System Market (Type - Patient Information Systems, Treatment Planning Systems, Consulting Services, Implementation Services, Post-sale and Maintenance Services; Application - Medical, Surgical, Radiation; End Use - Hospitals, Oncology Clinics, Government Institutions, Research Centers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Oncology Information System Market: Snapshot

The global oncology information system market has mushroomed steadily out of the rising need to keep track of the various aspects of oncology treatments and the rising use of digital tools in healthcare for the purpose of data storage. Oncology information systems track patient information such as diagnostic details and patient history, as well as treatment patterns and prescriptions. The global oncology information system market is likely to exhibit smooth growth in the coming years due to a number of factors, as witnessed in the strong 7.6% CAGR projected for the market over the 2017-2022 forecast period. 

According to Transparency Market Research, the global oncology information system market was valued at US$2,285.6 mn in 2017 and is likely to rise to a valuation of US$3,293.8 mn by 2022. 

 

oncology information system market

 

Patient Information Systems Likely to Dominate Revenue in Oncology Information System Market

The key service types offered in the global oncology information system market are patient information systems, treatment planning systems, consulting services, implementation services, and post-sale and maintenance services. Of these, patient information systems are likely to remain the dominant revenue generator for the global oncology information system market in the coming years.

The patient information systems segment accounted for 34.8% of the global oncology information system market in 2017, with a valuation of US$794.4 mn. The segment is expected to exhibit a strong 7.1% CAGR over the 2017-2022 forecast period to emerge with a valuation of US$1,117.7 mn by 2022. Nevertheless, the segment’s share in the global oncology information system market is expected to drop slightly to 33.9% over the 2017-2022 forecast period due to the growing demand for treatment planning systems and consulting services. 

North America to Dominate Demand from Oncology Information System Market

Geographically, North America is the leading contributor to the global oncology information system market and is likely to retain the position over the 2017-2022 forecast period. The North America oncology information system market was valued at US$933.7 mn in 2017 and is expected to rise to a valuation of US$1,411.5 mn by 2022 at a robust 8.6% CAGR therein. The rising presence of advanced cancer research facilities in North America and the steady acceptance of technological innovations in the healthcare sector is likely to remain a key driver for the North America oncology information system market in the coming years. 

Asia Pacific except Japan is likely to emerge as a leading regional entity for the global oncology information system market over the 2017-2022 forecast period, with the regional market expected to gain 100 BPS in its global market share over the period. The APEJ market for oncology information systems is likely to account for more than 16% of the global oncology information system market’s revenue by the end of 2017, enabling smooth growth over the 2017-2022 forecast period. 

Hospitals to Remain Leading End User

Hospitals, oncology clinics, and research centers are likely to remain crucial to the global oncology information system market over the coming years, with hospitals set to dominate the demand from the global market.

Competitive Dynamics

Leading players in the global oncology information system market 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. The oncology information system market is set to be intensely competitive over the coming years due to the growing commercial promise of the market and the rising prevalence of cancer across the world, which has enabled growing awareness about the utility of oncology information systems.

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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