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Oncology Information Systems Market is Expected to Register a Considerable Growth by 2028

Oncology Information Systems Market
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Oncology Information Systems Market

The report on the Oncology Information Systems Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.
Report Forecast:
Oncology Information Systems Market was estimated at US$ 2.73 billion in 2021 and is expected to grow at a CAGR of 7.68% during 2022-2028 to reach US$ ~6.66 billion in 2028.
The oncology information systems assist healthcare facilities like hospitals, clinics, and research labs not only in managing and optimising cancer care solutions, but also in the sharing of patient data across organisations to optimise treatment, enhance patient safety, and tailor treatments for each patient to achieve the best results. Governments have been boosting their investments in oncology-related research and development, which is driving the market's expansion. The National Cancer Institute's budget was approved by the US Congress as part of the yearly federal budgeting process in 2022. The total amount was USD 6.9 billion, an increase of USD 353 million from 2021
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all industries, little or large, dealing in any sector.
The growth curves of the Oncology Information Systems market have witnessed an enormous ebb and flow in the year 2022. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2023 is probably going to be superior to 2022 for the Oncology Information Systems market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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The Cornerstones in the market-
Listed below are the top key players that dominate the Oncology Information Systems market –
• Accuray Inc.
• BrainLab
• Cerner Corp.
• DOSIsoft S.A.
• Elekta AB
• Flatiron
• McKesson Corporation
• MIM Software
• Philips Healthcare
• Prowess, Inc.
• RaySearch Laboratories
• Siemens Medical Solutions, Inc.
• Varian Medical Systems
• ViewRay Inc.

Oncology Information Systems Market Segmentation:
The market is segmented based on offering, application, end user, and geography. On the basis of offering, the segment is bifurcated into solutions and professional services. The solutions segment is further segmented into patient information system and treatment information system. The solutions segment constituted the greatest portion of worldwide sales in 2021. Owing to the rising acceptance of proper management of radiology imaging by healthcare providers, this category is now leading the market. These products promote direct connection between patients and physicians helping in the collection of cancer patient-reported outcomes.

The Oncology Information Systems Market is segmented into the following categories-
On the basis of application, the segment is divided into medical oncology, radiation oncology, and surgical oncology:
By giving clinicians complete information about RT and the treatment results whenever necessary for the evaluation process and to improve the treatment quality, OIS makes sure that clinicians provide treatment plans with the right procedures to the right patient, with the right cancer site. The need for treatment planning systems will also increase in the future due to their benefits, which include helping doctors schedule the treatment of varied patients and storing and retrieving vast volumes of data.
Based on end user, the market is divided into hospitals & diagnostic imaging centers, ablation care centers and cancer care centers, research facilities, and others. Over the years, cancer care has advanced significantly. The majority of solid tumours are no longer treated surgically; instead, the ideal method of care is a mix of surgery and multi-modal therapies with a primary focus on radiation, targeted molecular therapies, and chemotherapy. Some operations can be carried out in highly specialised healthcare facilities, including sarcoma surgery, isolated limb perfusion, laparoscopic cancer surgery, and cytoreductive surgery. Consequently, the market is anticipated to rise as surgical therapies for solid tumours become more difficult.
Oncology Information Systems Market Share: By Region
The oncology information systems market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The regional market for North America had the biggest revenue share in 2021. The region's sophisticated healthcare infrastructure and growing understanding of patient information management are two important drivers of this progress. Additionally, the expanding use of OIS to monitor and record cancer patients' treatment outcomes and the increasing use of EMR for improving treatment decisions are anticipated to promote regional market expansion. The demand for OIS in this region is also anticipated to rise because to the increasing requirement for dose management, treatment planning, and management of treatment schedules.

Report Customization Options
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- Company Profiling
- Detailed profiling of key market players (up to 3 players)
- SWOT analysis of key market players (up to 3 players)
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