Global Oncology Information Systems Market

Global Oncology Information Systems Market Size, Share, Growth Analysis, By Product(Solutions, and Professional Services), By Application(Medical Oncology, Radiation Oncology), By End User(Hospitals & Diagnostic Imaging Centers, Ablation Care Centers and Cancer Care Centers) - Industry Forecast 2023-2030


Report ID: SQMIG35A2458 | Region: Global | Published Date: July, 2030 | Pages: 219 | Tables: 90 | Figures: 76

Global Oncology Information Systems Market Insights

Global Oncology Information Systems Market size was valued at USD 2.5 Billion in 2022 and is poised to grow from USD 2.7 Billion in 2023 to USD 4.96 Billion in 2031, at a CAGR of 7.9 % during the forecast period (2024-2031).

The rising global prevalence of cancer, coupled with the rising development expenditure on cancer treatments and solutions, and rising adoption of OIS remedies by healthcare facilities are some of the key factors expected to drive market growth. According to percancer.org, over 1.9 million additional instances of cancer are expected to be detected in the United States alone by 2021. A wide range of new technologies are being developed, with the potential to completely change the treatment routine.

The growing demand for OIS software to help streamline the process of patient data and information administration has boosted the need for various types of OIS software. Companies' increased spending in cancer research are expected to boost market expansion. The market is predicted to increase significantly in the coming years, and companies are actively investing in the creation of innovative and highly technological goods. Major firms' investments in OIS development will be a tremendous potential because of a massive influx of funds and resources for the healthcare industry, particularly in the field detecting cancer. The government of the United Kingdom intends to spend $26 billion on development and research by 2024-2025.

The Office for Life Sciences has been awarded USD 123.5 million towards the government's Life Sciences Vision & cancer research. Such activities, in conjunction with new product & software launches by various companies, are likely to fuel market expansion. The development of digital currencies & Artificial Intelligence has reduced the use of paper-based therapies, medical records, and so on, and has made patient data management simple for both carers and patients. Furthermore, AI in oncology represents a few of the variables driving market growth. Because systems and software are largely employed by pharmaceutical businesses and hospitals, they have significant demand in end-use facilities.

Furthermore, market management is launching new products in the same group, but without insufficient innovation. As a result, corporations may benefit from investing in R&D to create products with greater features. For example, Varian Healthcare Systems, Inc. announced a USD 10.0 million investment in a strategic collaboration deal with COTA, Inc., an archive of clinical information in the oncology industry. Both organizations want to help cancer clinics by providing decision support tools, analysis of data, operational choices, and other services. It aids in the efficient management of treatment schedules, therapy delivery, and planning, as well as the promotion of information flow between Radiation Therapy (RT) departments with healthcare businesses.

OIS also ensures that clinicians offer treatment plans with the correct procedures to the correct patient, with the correct cancer site, thereby ensuring an effective treatment by offering full details about RT and treatment results to doctors when needed for the purpose of assessing and to improve treatment quality. Furthermore, the demand for medical planning systems will increase in the future due to benefits such as storing vast amounts of info and accessing information as and when needed, as well as assisting doctors in scheduling medical care of varied patients. A few of the market's major companies include Varian Healthcare Systems, Elekta AB, & Accuray Inc.

Market snapshot - 2024-2031

Global Market Size

USD 2.5 Billion

Largest Segment

Solutions

Fastest Growth

Solutions

Growth Rate

7.9% CAGR

Global Oncology Information Systems Market ($ Bn)
Country Share for North America Region (%)
Global Oncology Information Systems Market By Product ($ Bn)
Global Oncology Information Systems Market By Product (%)

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Global Oncology Information Systems Market Segmental Analysis

The global oncology information systems market is segmented based on product, application, end user, and region. Based on product, the market is bifurcated into Solutions, and Professional Services. Based on application, the market is segmented into Medical Oncology, Radiation Oncology, and Surgical Oncology. Based on end user, the market is segmented into Hospitals & Diagnostic Imaging Centers, Ablation Care Centers and Cancer Care Centers, Government Institutions, and Research Facilities. Based on region, the global oncology information systems market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Oncology Information Systems Market Analysis by Product

The global market has been divided into solutions & professional services based on products and services. By 2022, the solution segment would have accounted for 73.6% of worldwide sales. During the time frame in question, this industry is also expected to increase at the fastest pace of 8.2%. This segment is leading the market due to increased usage by medical professionals for proper radiological imaging management. These technologies aid in the collection of cancer patient feedback and promote direct communication between patients and clinicians, resulting in the expansion of this market sector.

The development of advanced OIS Options, that helps in enhanced handling of patient information and enhances cancer therapy, can also be related to the segment's rise. The solutions section is further subdivided into patient data systems and medical planning systems, with the latter accounting for the biggest market share in 2021. Professional services, on the other hand, are becoming more widely recognized, as most medical facilities outsource OIS services owing to a shortage of competent professionals in medical facilities. These services include online consultation as well as customized schedules and reports, which help to improve the quality of care.

Oncology Information Systems Market Analysis by Application

In 2022, the medical oncologist segment was responsible for 61.5% of global sales. Due to rapid breakthroughs in immunotherapy, hormonal therapy, and specific treatment for effectively treating various malignancies, the healthcare oncology segment is predicted to grow at the fastest CAGR of 8.2% during the forecast period. Furthermore, various activities relevant to studies on cancer are being conducted by prominent organizations, which is favorably driving market growth.

The surgical oncology segment is also expected to grow significantly over the next few years. The main form of therapy for most solid cancers is no longer surgery; instead, a mix of surgery and multi-modal therapies focusing on radiotherapy, targeted genetic medications, and chemotherapy is preferred. Cytoreductive operations, solitary limb circulation, endoscopic cancer surgery, & tumor surgery are all procedures that can be performed at highly specialized hospitals. As a result, the increasing complexity of surgical therapy for solid tumors is expected to drive market growth.

Global Oncology Information Systems Market By Product (%), 2022 (%)

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Global Oncology Information Systems Market Regional Insights

In 2022, the North America regional market had the highest revenue share of 38.3%. The presence of advanced healthcare infrastructure and increased awareness about patient data management in the region are key elements driving this expansion. Furthermore, the increasing use of OIS to track and record cancer patients' treatment outcomes, as well as the growing use of EMR in making better treatment decisions, are likely to drive regional market expansion. The increasing demand for treatment schedule management, dosage control, and therapy planning is likely to drive demand for OIS in this part of the world.

Asia Pacific is expected to expand at the fastest rate of 8.9%. Asian countries, on the other hand, are experiencing significant demand for OIS & are gradually developing as a result of government support and increased understanding about the advantages of these systems. This location may act as a hot income pocket for players looking to capitalize on the region's potential. As a result, firms seeking a big portion of this market must establish specific pricing policies as well as marketing tactics tailored to this region in order to gain a footing in these markets.

Global Oncology Information Systems Market By Region, 2024-2031
  • Largest
  • Fastest

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Global Oncology Information Systems Market Dynamics

Oncology Information Systems Market Drivers

Technological Advancements

  • The global market for oncology information systems is expanding significantly as a result of ongoing technical developments. The effectiveness and precision of cancer diagnosis and treatment are being improved by these innovations. Oncologists may now make data-driven judgements thanks to sophisticated data analytics technologies, which results in more individualized treatments and better patient outcomes. Additionally, data administration is being streamlined, research is being expedited, and early cancer diagnosis is being helped by the integration of artificial intelligence and machine learning in oncology information systems. Oncology information systems' ongoing technological development is on track to revolutionize cancer care by enhancing its effectiveness and accessibility for patients all over the world.

Oncology Information Systems Market Restraints

High Implementation and Maintenance Costs

  • Implementing and maintaining OIS can be expensive, especially for smaller healthcare facilities. The initial investment, software licenses, hardware infrastructure, training, and ongoing maintenance costs can pose challenges for budget-constrained organizations.

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Global Oncology Information Systems Market Competitive Landscape

Key companies concentrate mainly on incorporating advances in technology through the launch of web-based cancer treatment solutions and AI-based OIS solutions with the goal of improving the treatment regime, which is Expected to have a positive effect on market growth in the future years.

Oncology Information Systems Market Top Player’s Company Profiles

  • Epic Systems Corporation
  • Cerner Corporation
  • Elekta AB
  • Varian Medical Systems, Inc.
  • Philips Healthcare
  • McKesson Corporation
  • GE Healthcare
  • Siemens Healthineers
  • Accuray Incorporated
  • RaySearch Laboratories AB
  • CureMD Healthcare
  • Flatiron Health, Inc.
  • MIM Software Inc.
  • Elekta Inc.
  • IBM Watson Health
  • Impac Software (Varian)
  • EpicCare Oncology
  • RayCare (RaySearch)
  • MOSAIQ Oncology (Elekta)
  • OncoEMR (CureMD)

Oncology Information Systems Market Recent Developments

  • In June 2023, RaySearch Laboratories AB announced a strategic collaboration agreement with B dot Medical Inc. aimed at advancing the field of proton therapy by development and validation of intregrations between RaySearch’s treatment planning system RayStation, oncology information system RayCare and B dot Medical’s ultra-compact proton therapy system.

  • In May 2023, RaySearch Laboratories AB announced the release of the latest version of RayCare, the next generation oncology information system.

  • In September 2022, Evernorth, the health services arm of Cigna, and Varian, part of Siemens Healthineers, partnered to improve data standardization and interoperability in oncology using Health Level Seven International's Fast Healthcare Interoperability Resources, or FHIR.

Global Oncology Information Systems Key Market Trends

  • Increasing Adoption of Cloud-based Oncology Information Systems: There is a growing trend of healthcare providers adopting cloud-based oncology information systems. Cloud-based solutions offer scalability, flexibility, and cost-effectiveness, allowing healthcare organizations to store and access patient data securely from anywhere. It also facilitates seamless collaboration and data sharing among multiple stakeholders involved in cancer care.
  • Integration of Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies are being integrated into oncology information systems to enhance decision-making, improve treatment planning, and enable predictive analytics. These technologies can analyze large volumes of patient data, identify patterns, and provide personalized treatment recommendations, ultimately improving patient outcomes.
  • Focus on Interoperability and Data Exchange: The importance of interoperability is gaining prominence in the oncology information systems market. Healthcare providers emphasize the seamless exchange of patient information across different systems, including electronic health records (EHRs), radiology information systems (RIS), and laboratory information systems (LIS). Interoperable systems enable comprehensive patient care, better coordination, and data-driven decision-making.
  • Emphasis on Patient Engagement and Personalized Care: Oncology information systems are increasingly incorporating features that promote patient engagement and personalized care. Patient portals, remote monitoring, and communication tools enable patients to actively participate in their treatment journey, access their health records, and communicate with healthcare providers. These systems also support personalized treatment planning based on patient-specific characteristics and genetic information.

Global Oncology Information Systems Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global oncology information systems market analysis, the rising global prevalence of cancer, rising development expenditure on cancer treatments and solutions, and rising adoption of OIS remedies by healthcare facilities are some of the key factors expected to drive market growth. According to percancer.org, over 1.9 million additional instances of cancer are expected to be detected in the United States alone by 2021. A wide range of new technologies are being developed, with the potential to completely change the treatment routine. Oncology information systems are increasingly incorporating features that promote patient engagement and personalized care. Patient portals, remote monitoring, and communication tools enable patients to actively participate in their treatment journey, access their health records, and communicate with healthcare providers. These systems also support personalized treatment planning based on patient-specific characteristics and genetic information.

Report Metric Details
Market size value in 2022 USD 2.5 Billion
Growth Rate 7.9%
Base year 2022
Forecast period 2024-2031
Segments covered
  • Product
    • Solutions, and Professional Services
  • Application
    • Medical Oncology, Radiation Oncology, and Surgical Oncology
  • End User
    • Hospitals & Diagnostic Imaging Centers, Ablation Care Centers and Cancer Care Centers, Government Institutions, and Research Facilities
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Epic Systems Corporation
  • Cerner Corporation
  • Elekta AB
  • Varian Medical Systems, Inc.
  • Philips Healthcare
  • McKesson Corporation
  • GE Healthcare
  • Siemens Healthineers
  • Accuray Incorporated
  • RaySearch Laboratories AB
  • CureMD Healthcare
  • Flatiron Health, Inc.
  • MIM Software Inc.
  • Elekta Inc.
  • IBM Watson Health
  • Impac Software (Varian)
  • EpicCare Oncology
  • RayCare (RaySearch)
  • MOSAIQ Oncology (Elekta)
  • OncoEMR (CureMD)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Oncology Information Systems Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Oncology Information Systems Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Oncology Information Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Oncology Information Systems Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Oncology Information Systems Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Oncology Information Systems Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Oncology Information Systems Market size was valued at USD 2.5 Billion in 2022 and is poised to grow from USD 2.7 Billion in 2023 to USD 4.96 Billion in 2031, at a CAGR of 7.9 % during the forecast period (2024-2031).

Key companies concentrate mainly on incorporating advances in technology through the launch of web-based cancer treatment solutions and AI-based OIS solutions with the goal of improving the treatment regime, which is Expected to have a positive effect on market growth in the future years. 'Epic Systems Corporation', 'Cerner Corporation', 'Elekta AB', 'Varian Medical Systems, Inc.', 'Philips Healthcare', 'McKesson Corporation', 'GE Healthcare', 'Siemens Healthineers', 'Accuray Incorporated', 'RaySearch Laboratories AB', 'CureMD Healthcare', 'Flatiron Health, Inc.', 'MIM Software Inc.', 'Elekta Inc.', 'IBM Watson Health', 'Impac Software (Varian)', 'EpicCare Oncology', 'RayCare (RaySearch)', 'MOSAIQ Oncology (Elekta)', 'OncoEMR (CureMD)'

The global market for oncology information systems is expanding significantly as a result of ongoing technical developments. The effectiveness and precision of cancer diagnosis and treatment are being improved by these innovations. Oncologists may now make data-driven judgements thanks to sophisticated data analytics technologies, which results in more individualized treatments and better patient outcomes. Additionally, data administration is being streamlined, research is being expedited, and early cancer diagnosis is being helped by the integration of artificial intelligence and machine learning in oncology information systems. Oncology information systems' ongoing technological development is on track to revolutionize cancer care by enhancing its effectiveness and accessibility for patients all over the world.

Increasing Adoption of Cloud-based Oncology Information Systems: There is a growing trend of healthcare providers adopting cloud-based oncology information systems. Cloud-based solutions offer scalability, flexibility, and cost-effectiveness, allowing healthcare organizations to store and access patient data securely from anywhere. It also facilitates seamless collaboration and data sharing among multiple stakeholders involved in cancer care.

In 2022, the North America regional market had the highest revenue share of 38.3%. The presence of advanced healthcare infrastructure and increased awareness about patient data management in the region are key elements driving this expansion. Furthermore, the increasing use of OIS to track and record cancer patients' treatment outcomes, as well as the growing use of EMR in making better treatment decisions, are likely to drive regional market expansion. The increasing demand for treatment schedule management, dosage control, and therapy planning is likely to drive demand for OIS in this part of the world.

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Global Oncology Information Systems Market

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