With forecasts about competition getting fiercer, companies operating in the global oncology information system market are investing in the development of technologically advanced information systems. Besides this, strategic collaborations and partnerships are on a rise, as leading players look to establish a strong foothold in the global oncology information system market. In a new study, Transparency Market Research (TMR) presents insights into various companies operating in the market and their key growth strategies. Profiles of companies such as Cerner Corporation, Accuray Inc., Mckesson Corporation, Koninklijke Philips N.V., Raysearch Laboratories, Varian Medical Systems Inc Flatiron Health Inc., Epic Systems Corporation, and Elekta AB therefore make a crucial inclusion in the report.
Thorough research was undertaken, based on which TMR has pegged the global oncology information system market at US$2,285.6 mn in 2017. Rising at a steady 7.6% CAGR between 2017 and 2022, the global market is expected to reach US$3,293.8 by the end of 2022. “North America is expected to remain the dominant contributor to the global market for oncology information through the forecast period. By the end of 2022, its valuation is expected to reach US$1,411.5 mn,” said a lead TMR analyst.
Besides this Europe and Asia Pacific except Japan are expected to showcase lucrative prospects for the market’s growth. However, due to lack of skilled workers could restraint the latter’s growth in the coming years. Nonetheless, the rising incidence of cancer and willingness of emerging economies such India and China to spend on advanced healthcare systems will stoke growth for the market in Asia Pacific. The market will also benefit from government support in this region.
Rising Incidence of Cancer Stokes Growth Opportunities around the World
The rising incidence of cancer is a chief factor driving the global oncology information system market. In developed countries particularly, the market has gained from the steady growth in the field of cancer research. Launch of novel techniques to battle the life-threatening ailment also accelerates the market’s pace of gains. As per TMR, the oncology information system market is likely to exhibit strong growth especially in countries such as Germany, Canada, the U.K., and the U.S. on the back of escalating investments in cancer research. Besides incidence, the rate of recurrence of cancer is also high in these countries, which subsequently fuels the demand for oncology information system.
Government Aid Crucial for Widespread Adoption of Oncology Information System
Government support to researches involved in the discovery of novel cancer treatments has created an environment conducive to the market’s growth in developed regions. It is important to note here that government support is important to encourage the widespread adoption of oncology information system. It eases the financial load on hospitals interested in incorporating latest technologies. Furthermore, government aid helps smaller hospitals to improve their overall quality of patient care. Sedentary lifestyle and the growing adoption of unhealthy lifestyle choices are other factors aiding the market’s expansion. The report also considers these as key drivers of the global oncology information system market.
This review is based on a TMR report, titled “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.”
- Lack of skilled workers may restrain market’s growth in Asia Pacific to an extent
- Government support eases financial pressure on small hospitals interested in adopting oncology information system
The report segments the global oncology information system market as:
Global Oncology Information System Market Analysis and Forecast By Product & Service Types:
- Patient Information Systems Software
- Treatment Planning Systems Software
- Consulting Services
- Implementation Services
- Post-sale & Maintenance Services
Global Oncology Information System Market Analysis and Forecast By End User:
- Oncology Clinics
- Government Institutes
- Research Centers
Global Oncology Information System Market Analysis and Forecast By Application:
- Medical Oncology
- Radiation Oncology
- Surgical Oncology
Global Oncology Information System Market Analysis and Forecast By Region:
- North America
- Latin America
- Middle East & Africa
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC