Oncology Information System Market To Grow Significantly Over The Forecast Period

Oncology information system is an image and information management system that lets oversee all aspects of oncology care for patients. The rising cancer cases across the globe will most likely drive the growth of the market. As per a report by the American Cancer Society, 50% of men and 30% of women will likely develop cancer in some form or the other in their lifetime.

The Oncology Information System Market is growing considerably and is expected to grow over the forecast period. The growth can be attributed to factors such as growing initiatives for modernization of healthcare infrastructure; growing patient population; and increasing focus of international and domestic players in the Asia-Pacific region.

Furthermore, some of the key factors expected to fuel the market growth are:
Rapid aging population
Increase in the existence of an enormous cancer population
Advancements in the technology of oncology information system
Heavy investments in the R&D sector

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Medical Oncology Segment Dominates The Global Oncology Information System Market
In the healthcare sector, the oncology information system software manages, performs, analyzes, and stores the patients' information efficiently. The software helps to predict the treatment outcome for a patient and helps in improving the survival rate of the patient, thus directly influencing the growth of the oncology information system market. The other end-users for the market include oncology clinics, research centres, and governmental institutions among others.

North America To Hold The Largest Market Share Over The Forecast Period
In 2014, North America held the largest market share, of around 42%, followed by Europe. The market was largely captured by U.S. and Canada in the region. The market in North America is mainly driven by factors such as a surge in the prevalence of cancer cases & rise in healthcare expenditure, rising aging population, and increasing adoption of technologically advanced devices in the North American countries. Rising trends of medical tourism owing to low-cost treatments will most likely fuel the growth of the market in the region.

The Asia Pacific excluding Japan can be estimated to grow at a steady rate over the forecast period, with the regional market expected to gain momentum in the near future. The growth will be owing to factors such as the steady acceptance of technological innovations in the healthcare sector.

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Strategic Alliances Within The Industry To Boost The Growth Of The Market
Some of the leading players operating in the market include CureMD Healthcare, Varian Medical Systems, Inc., Flatiron Health, Inc., Epic Systems Corporation, Bogardus Medical Systems, Inc., Cerner Corporation, McKesson Corporation, Koninklijke Philips N.V., Elekta AB, and Accuray Inc.
The Oncology Information System Market can be anticipated to grow considerably owing to growth opportunities such as emerging economies such as India and China, strategic alliances within the industry, and contracts & agreements between leading players. Moreover, increasing focus of leading players on the developing nations will boost the growth of the market, globally. The OIS market is said to be extensively competitive in the near future. 

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This release was published on openPR.