Oncology Information System Market Demand, Size, Share, & Forecast 2032

Oncology Information System Market: Industry Perspective

The global oncology information system market size was worth around USD 8.23 billion in 2023 and is predicted to grow to around USD 15.78 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.5% between 2024 and 2032.

The report analyzes the global oncology information system market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the oncology information system industry.

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Oncology Information System Market: Overview

Oncology information system (OIS) is well known for managing portfolios through software across different healthcare settings, such as hospitals, research laboratories, and government institutions. Additionally, this software is also useful in visualizing treatment outcomes as it helps in planning a patient’s treatment and provides necessary information related to the patient. Additionally, it also improves the overall efficiency and safety of cancer therapy for the patients. This system combines medical, surgical, and radiation oncology information into oncology-specific EMR, which allows practitioners to manage a patient's entire data right from the diagnosis to the follow-up sessions.

Oncology Information System Market: Growth Factors

Technological advancements made in the healthcare domain and rising cancer cases are likely to be the key growth drivers of the oncology information system market globally in the years ahead. The rising adoption of unhealthy and sedentary lifestyle choices is also aiding this market’s expansion. Cancer research has gained traction globally, particularly in developed countries. The launch of novel techniques to tackle this life-threatening ailment will also accelerate the market gains. Additionally, government support in various research to discover new cancer treatments has created a favorable environment for the global oncology information system market growth. Government support eases the financial burden on hospitals and oncology clinics that are interested in incorporating new and latest technologies and helps smaller hospitals by improving their overall patient care quality. However, the high maintenance, huge service expenditure, and shortage of skilled healthcare IT professionals may hinder this market’s growth globally.

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Oncology Information System Market Segmentation

The study provides a decisive view of the oncology information system market by segmenting the market based on products and services, applications, end-users, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. 

The global oncology information system market is segmented on the basis of product and services, application, and end-user.

Based on product and services, the market for the oncology information system is segmented into software and professional services. The software segment is further segmented into patient information systems and treatment planning systems.

The services segment is divided into consulting/optimization services, implementation services, and post-sale and maintenance services.

By application, the oncology information system market is segmented into medical oncology, surgical oncology, and radiation oncology.

The end-user segment includes hospitals, oncology clinics, governmental institutions, and research centers.

Oncology Information System Market: Report Scope

Oncology Information System Market: Regional Analysis

By region, North America and Europe dominated the global oncology information system market in 2023. The market is likely to show a high growth rate, particularly in Canada, Germany, UK, and the U.S., due to rising investments made for cancer research activities and high incidences of cancer. Additionally, technological advancements in these systems, such as the incorporation of patient portals, and the rise in disposable income among cancer patients are likely to further fuel these regional markets’ growth. Growing healthcare expenditure in developing countries like China and India and software advancements using AI (artificial intelligence) are likely to provide multiple growth opportunities to the Asia Pacific oncology information system market in the future.

Oncology Information System Market: Competitive Analysis

Some of the major players in the global oncology information system market include:

• Koninklijke Philips N.V.
• Accuray, Inc.
• McKesson Corporation
• Flatiron Health, Inc.
• Epic Systems Corporation
• Cerner Corporation
• RaySearch Laboratories
• Elekta AB
• CureMD Corporation
• Varian Medical Systems, Inc.

The global oncology information system market is segmented as follows;

Global Oncology Information System Market: Product and Services Analysis

• Software
  • Patient Information Systems
  • Treatment Planning Systems
• Professional Services
  • Consulting/Optimization Services
  • Implementation Services
  • Post-Sale and Maintenance Services

Global Oncology Information System Market: Application Analysis

• Medical Oncology
• Surgical Oncology
• Radiation Oncology

Global Oncology Information System Market: End-User Analysis

• Hospitals
• Oncology Clinics
• Governmental Institutions
• Research Centers 

Global Oncology Information System Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa