PUBLISHER: The Business Research Company | PRODUCT CODE: 1274387
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274387
“Oncology Information Systems Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on oncology information systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for oncology information systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oncology information systems market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the oncology information systems market are Koninklijke Philips N.V, Varian Medical Systems Inc., McKesson Corporation, Siemens Medical Solutions Inc., Elekta AB, Cerner Corp., Flatiron Health Inc., Accuray Incorporated, CureMD Corporation, EndoSoft LLC, RaySearch Laboratories, Advanced Data Systems, BMSI Partners Inc., Optum Inc., and Allscripts Healthcare Solutions Inc.
The global oncology informations system market is expected to grow from $2.65 billion in 2022 to $2.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oncology information systems market is expected to reach $4.23 billion in 2027 at a CAGR of 10.2%.
The oncology information systems market includes revenues earned by entities by providing clinical trial protocol management, drug inventory management, toxicity assessment, and survivorship care. The oncology information systems generally collects the data related to cancer treatment and care. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Oncology information systems refer to a software solution that supports the provision of comprehensive information and image management for cancer. They are used to manage cancer data and monitor cancer care.
North America was the largest region in the oncology informations system market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oncology informations system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major products of oncology information systems are solutions and professional services. The solution refers to a collection of software applications and services that suppliers, channel partners, and value-added resellers offer to clients. Oncology information systems are used in several applications, such as medical oncology, radiation oncology, and surgical oncology. It is used by several end-users, such as hospitals and diagnostic imaging centers, ablation care centers, cancer care centers, government institutions, and research facilities.
The increasing global prevalence of cancer is expected to propel the growth of the oncology information systems market. The prevalence of cancer refers to the number of people living with cancer. The oncology information system helps by streamlining data management and patient information and is used to monitor and document various aspects of cancer care and manage cancer data in hospitals. For instance, according to the World Health Organization, a Switzerland-based international agency responsible for international public health, there were around 19.29 million new cancer cases in 2020, and the number of prevalent cancer cases in 5 years is estimated to be 50.55 million. Cancer was the leading cause of mortality worldwide in 2020, accounting for almost 10 million deaths, or almost one in every six. Therefore, the increasing global prevalence of cancer is driving the growth of the oncology information systems market.
Technologically advanced products are a key trend gaining popularity in the oncology information systems market. Major players in the oncology information systems market are concentrating on creating new technical advancements to improve their market share. For instance, in December 2021, Roche Holding AG, a Switzerland-based multinational healthcare company, launched its latest digital solution, 'Navify Oncology Hub'. The Navify Oncology Hub gathers and organizes patient data that is dispersed among an institution's IT platforms. It streamlines daily operations for oncology care teams and acts as a hub where all team members can quickly locate, access, and evaluate the most pertinent patient data. This solution enables patients and healthcare professionals to make individualized, insight-based decisions throughout the patient care continuum, improving outcomes and lowering societal costs.
In April 2021, Siemens Healthineers AG, a Germany-based medical device company, acquired Varian Medical Systems, Inc. for an undisclosed amount. Through this acquisition, combined resources enable the establishment of support for cancer patients and all major clinical pathways. This acquisition is expected to enable Siemens to fight against increasing cancer rates by addressing the need for personalized, data-driven diagnosis and cancer care. Varian Medical Systems Inc is a US-based provider of radiation oncology software and treatments operating in the oncology information system market.
The countries covered in the oncology informations system market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The oncology information systems market research report is one of a series of new reports from The Business Research Company that provides oncology information systems market statistics, including oncology information systems industry global market size, regional shares, competitors with an oncology information systems market share, detailed oncology information systems market segments, market trends, and opportunities, and any further data you may need to thrive in the oncology information systems industry. This oncology information systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.