Oncology Information System Market

Global Oncology Information System Market Size (2024 to 2032)

The size of the global oncology information system market was worth USD 2.76 billion in 2023. The global market is anticipated to grow at a CAGR of 8.41% from 2024 to 2032 and be worth USD 5.71 billion by 2032 from USD 3 billion in 2024. 

The oncology information system tracks patient information such as patient history, diagnostic details, prescriptions, and treatment patterns. The oncology information system market has developed rapidly from the rising need to keep track of the diverse aspects of oncology treatments and the growing use of digital tools in healthcare to store data. In addition to the functions mentioned above, this software is used to predict treatment outcomes, plan the treatment of patients accordingly, and exchange cancer patient information across the overall healthcare organizations. These advantages improve the efficiency and safety of cancer therapy for patients. In addition, oncology information systems help surgeons and physicians choose the most appropriate therapy to improve the survival rate of cancer patients.

MARKET DRIVERS

The growing cancer prevalence, rising adoption of OIS, and increasing aging population worldwide are propelling the global oncology information system market growth.

The prevalence of cancer is significantly growing the developed nations. As per the recent statistics published by cancer.gov, an estimated 1,806,590 new cancer cases are expected to be diagnosed in 2020 in the United States, and 606,520 people will die. In addition, as per World Population Prospects data the 2019 Revision, an estimated 16% of the world population will be aging more than 65 years, increasing from 9% in 2019. Additionally, technological advancements and associated benefits and a rise in cancer widespread worldwide are anticipated to increase the global oncology information system market growth. Increasing people's awareness about the benefits of ISO is more likely to accelerate the growth rate of the global oncology information system market. Furthermore, governments of various nations are now focusing on introducing new regulations to help and nations adopt information technologies, which is further expected to boost market growth. 

MARKET RESTRAINTS

However, this market is constrained by factors such as high maintenance and service expenditure and a shortage of healthcare IT professionals, among others. In addition, countries like India find it difficult to receive budget approval for such IT solutions. Besides, difficulties in implementing multiple networks with health setups and wireless connectivity options restrict global oncology information system market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Oncology Information System Market Analysis By Products and Services

Based on the products and services, the patient information systems and treatment planning systems are expected to have the largest share in the global market during the forecast period due to the increase in the prevalence of cancer and the increase in the need for information storage systems of the hospitals.

Global Oncology Information System Market Analysis By Application

The medical oncology market segment is anticipated to be one of the fastest-growing segments based on the application. Medical oncology information systems help manage, interpret, analyze, and store patient information accordingly.

Global Oncology Information System Market Analysis By End Users

Based on the end-user, the hospitals & physician’s offices segment are expected to dominate the market growth with a significant increase in the CAGR during the forecast period. An increase in the adoption of technically advanced cancer treatments in hospitals worldwide, a substantial increase in cancer patients, and growing healthcare expenditure are expected to propel the hospitals & physician’s offices segment.

REGIONAL ANALYSIS

Geographically, North America was the market leader in the global oncology information system market, which Europe and the Asia Pacific followed. The growing R&D activities majorly drive the North American oncology information system market to develop patient-centric oncology systems in this region, increase the prevalence of cancer cases, and advance oncology information system products and procedures in oncology information systems. 

The European oncology information system market accounted for a substantial share of the global market in 2023 and was estimated to register a promising CAGR during the forecast period. Blockchain technology usage in oncology information systems is an essential trend for medical ecosystems in cancer care is expected to drive market growth in this region. Moreover, eliminating paper-based records and treatment plans influences people to opt for oncology information systems in this region.  

The Asia Pacific oncology information system market is anticipated to witness the highest CAGR during the forecast period. Due to factors such as the growth of the medical tourism industry, a huge population base, and government-sponsored cancer treatment programs, the Asia Pacific region is expected to have the fastest growth rate during the forecast period. Emerging countries such as India and China are adopting Oncology information systems to record patients' records and treatment plans, driving market growth. In addition, rising healthcare infrastructure facilities and increasing investments by governments and various organizations for improving healthcare infrastructure will likely boost market growth.

The Latin American oncology information system market is anticipated to record a steady CAGR during the forecast period. The market growth is attributed to growing awareness among people over the availability of different treatment procedures. 

The oncology information system market in the Middle East and Africa held a small portion of the global market share in 2023. However, this regional market is forecasted to hike substantially during the forecast period due to the rising prevalence of cancer in this region.

KEY MARKET PARTICIPANTS

Notable companies dominating the global 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.).

DETAILED SEGMENTATION OF THE GLOBAL ONCOLOGY INFORMATION SYSTEM MARKET INCLUDED IN THIS REPORT

This market research report on the global oncology information system market has been segmented and sub-segmented based on the products and services, application, end-users, and region.

By Products and Services

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

By Application

• Surgical Oncology
• Medical Oncology
• Radiation Oncology

By End Users

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

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa