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The oncology information systems market size is forecast to increase by USD 1.15 billion, at a CAGR of 6.7% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the increasing demand for advanced technology solutions to support the complexities of cancer care. Electronic health records (EHRs) have become the foundation for oncology data management, enabling real-world evidence data collection and patient stratification models. Oncology workflow optimization and pharmaceutical research data integration are key applications, streamlining clinical research platforms and enhancing treatment efficacy tracking. Molecular diagnostics data and oncology data visualization are essential components, contributing to biomarker identification and disease surveillance systems. Population health management and cancer informatics solutions are gaining traction, with oncology data integration, radiation therapy planning, and patient data management playing crucial roles.
Data security compliance, healthcare interoperability, and cancer registry systems are also vital aspects of the market. For instance, a leading oncology center implemented a precision oncology platform, resulting in a 30% increase in treatment response assessment accuracy. Industry growth in this sector is projected to reach 15% annually, fueled by the ongoing development of cancer genetics databases, predictive modeling oncology, and clinical trial management systems. Remote patient monitoring, clinical decision support, and tumor board software are additional areas of innovation, transforming the landscape of oncology care.
The oncology information systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The software segment is estimated to witness significant growth during the forecast period.
The market is witnessing significant growth due to the increasing demand for advanced solutions to manage patient data and improve treatment response assessment. Electronic health records (EHRs) are increasingly being adopted to streamline patient data management, enabling real-world evidence data collection and patient stratification models. Oncology workflow optimization is another key trend, with clinical research platforms, pharmaceutical research data integration, and tumor board software facilitating more efficient and harmonious collaboration among healthcare professionals. Oncology data integration, including molecular diagnostics data and cancer genetics databases, is essential for precision oncology platforms and predictive modeling. Population health management and disease surveillance systems enable proactive patient care and early intervention, while oncology clinical trials and remote patient monitoring improve treatment efficacy tracking.
The market is further driven by the integration of healthcare interoperability, data security compliance, and cancer registry systems, ensuring harmonious data exchange and data security. Radiation therapy planning and medical image archiving are crucial components, while drug development informatics and clinical decision support systems facilitate more effective treatment planning and patient care. According to recent research, the market for oncology information systems is projected to grow by 15% annually, with the software segment experiencing the most significant growth due to the increasing popularity and use of mobile devices and their rising capabilities. For instance, a leading healthcare provider reported a 30% increase in treatment efficacy tracking by implementing a precision oncology platform.
The Software segment was valued at USD 1.44 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In the global oncology information system market, North America holds a prominent position due to its sophisticated healthcare infrastructure and technological innovations. Advanced oncology information systems (OIS) are increasingly adopted in this region for effective cancer patient management. These systems offer features such as clinical decision support, data analytics, and interoperability, which are crucial for precision oncology and personalized treatment plans. The prevalence of cancer, with an estimated 1.9 million new cases in the US alone, significantly drives demand for OIS. Furthermore, the aging population, with over 56 million Americans aged 65 and older, contributes to the growing need for these systems.
According to industry reports, the global OIS market is expected to grow by over 15% annually, reflecting the increasing importance of data-driven, patient-centric cancer care. A notable example of this trend is the implementation of a large-scale oncology data visualization platform, which facilitated predictive modeling and precision oncology, leading to improved treatment efficacy and patient outcomes.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The oncology information systems market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the oncology information systems market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, oncology information systems market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Accuray Inc. - RaySearch Laboratories, a subsidiary of an unnamed entity, specializes in providing advanced oncology information systems.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Oncology Information Systems Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
145 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.7% |
Market growth 2024-2028 |
USD 1149.3 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.4 |
Key countries |
US, UK, Germany, China, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this oncology information systems market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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