North America Oncology Information System Market

North America Oncology Information System Market Size (2023 to 2028)

As per our research report, the North America Oncology Information System Market size was worth USD 936.57 million in 2023. It is estimated to be growing at a CAGR of 8.2% and worth USD 1388.93 Million by 2028.

The increasing usage of blockchain technology in oncology information systems and the growing demand for healthcare information systems are majorly driving the market growth. Also, the increasing need to track the numerous components of oncology therapy and the increasing use of digital tools in healthcare for data storage has propelled the growth of the oncology information system market during the forecast period. 

Other factors such as growing awareness among the people about the oncology information systems and their benefits, advancing healthcare infrastructure, and favorable reimbursement policies are boosting the market growth. In addition, the technological advancements in the healthcare sector are promoting the market growth. The information systems provide several benefits over the conventional method of record-keeping, and ongoing improvements of the new treatment are uplifting the market growth. 

Furthermore, the governments across the region are working on reforms and new rules to aid in the enterprise-wide and national adoption of information technology, such as cancer information systems, which help transform healthcare systems. For example, advanced Healthcare is now available. Because of the improved treatment, its solution for cancer care is creating a lot of attention among end-users. The presence of key market players is expanding the regional market growth by implementing various market strategies such as partnerships, mergers, and acquisitions. The governments and private organizations across the regions are significantly investing in developing the healthcare sector, and funding for the advancement of oncology is expected to encourage market growth. 

However, the high cost of oncology treatment and lack of healthcare professionals is hampering the market growth. In addition, the high cost of oncology medical devices and the infrastructural costs for implementing an oncology information system is estimated to be limiting the market growth.

This research report on the North American oncology information system market has been segmented and sub-segmented into the following categories:

By Application: 

• Surgical Oncology
• Medical Oncology
• Radiation Oncology

By Products And Services: 

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

By End Users: 

• Hospitals & Physician’s Offices
• Research Centres
• Government Institutions

By Country: 

• The United States
• Canada
• Rest of North America

Regional Analysis:

North America had the largest market for oncology information systems in the world by share in 2020. In the North American region, the United States has the largest market share. Factors such as the growing incidence of cancer and a rapidly aging population are expected to drive the market growth in the region.

The U.S. recorded the majority share of the North American oncology information systems market during the forecast period owing to the adoption of advanced healthcare technology, high healthcare expenditure, and favorable reimbursement policies. In addition, the research and development activities to produce patient-centered oncology information systems are proving lucrative growth opportunities to the market growth. 

On the other hand, the Canadian oncology information systems market is anticipated to showcase a considerable share during the forecast period. The high prevalence of cancer, new product launches, and increased web and cloud-based model adoption are projected to drive market growth. 

KEY MARKET PLAYERS:

Companies playing a dominant role in the North America oncology information system market profiled in this report are Accuray Incorporated (U.S.), Altos Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Elekta AB (Sweden), Epic Systems Corporation (U.S.), Koninklijke Philips N.V. (The Netherlands), McKesson Corporation (U.S.), and Varian Medical Systems, Inc. (U.S.).