|10-11-2018 08:48 PM CET - Health & Medicine||
Oncology Information System Market Growth & Key Business Strategies by Leading Industry Players [Accuray Incorporated, Bogardus Medical System, Cerner Corporation, Flatiron Health, McKesson Corporation, RaySearch Laboratorie]
Press release from: Allied Market Research
Global Oncology Information Systems Market were valued at $2,247 million in 2015, and is estimated to reach $3,755 million by 2022, registering a CAGR of 7.5% from 2016 to 2022. Across the healthcare settings, such as clinics, hospitals, and research laboratories, patient portfolios are managed by software termed as oncology information systems. In addition, this software is used to predict treatment outcomes, plan the patient’s treatment accordingly, and exchange cancer patient information among the overall healthcare organizations. These advantages improve the safety and efficiency of cancer therapy for patients. Oncology information systems help physicians and surgeons to choose the most appropriate therapy to improve the survival rate of the cancer patients. The availability of a variety of cancer therapies, such as chemotherapy and radiation therapy, and presence of huge cancer population base are major factors that drive the market growth.
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Oncology information systems enable management of patient profiles by combining surgical, radiation, and medical oncology information in one system. Moreover, these systems facilitate management of treatment plans and schedules of cancer patients, and predict the results of the treatments. Safety and efficiency of cancer treatment is improved by use of these systems owing to their ability to predict the treatment outcome.
The benefits of implementing oncology information systems over conventional methods of record keeping and treatment planning are expected to boost the growth of the oncology information systems market. The advantages of oncology information systems such as planned treatment, future-proofing, and remote access are expected to increase the demand for these systems and motivate the government organizations to upgrade their procedure from paper-based systems to paperless systems. Furthermore, the increase in disposable income among cancer patients, surge in prevalence of cancer cases, and technological advancements in these systems, such as incorporation of patient portals, are anticipated to fuel the market growth. Rise in healthcare expenditure in developing countries, such as India and China, advancement in software using artificial intelligence, and use of oncology information systems to treat rare cancers are expected to present multiple opportunities for market growth. However, this growth is restricted owing to lack of healthcare IT professionals and high capital costs associated with oncology information systems.
Among the product & service segment, software for patient information system was the largest revenue contributor in 2015 towards market growth, and is anticipated to continue this trend in the future. Advantages of using these systems as compared to conventional record maintenance methods such as planned treatment and remote access due to digital availability are expected to boost the growth of this segment.
Medical oncology dominates the oncology information systems market. In medical oncology, oncology information systems software manages, interprets, analyzes, and stores the patient information efficiently. In addition, as the software assists to predict the treatment outcome for patients, it helps to improve the survival rate of the patient and drives the oncology information systems market growth.
In 2015, North America accounted for maximum contribution to the total revenue generated, owing to the high prevalence rate of cancer and high adoption rate of technologically advanced products. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, attributable to rise in disposable income, increase in government initiatives to modernize healthcare infrastructure, and rise in healthcare expenditure.
The key companies profiled in the report include
- Accuray Incorporated,
- Bogardus Medical Systems, Inc.,
- Cerner Corporation,
- CureMD Corporation,
- Elekta AB,
- Flatiron Health, Inc.,
- Koninklijke Philips N.V.,
- McKesson Corporation,
- RaySearch Laboratories AB,
- Varian Medical Systems, Inc.
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Table of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. KEY ONCOLOGY INFORMATION SYSTEMS AVAILABLE IN THE MARKET
3.5. MARKET SHARE ANAYSIS, 2016
3.6. REGULATION OF ONCOLOGY INFORMATION SYSTEM
3.7. MARKET DYNAMICS
188.8.131.52. Availability of OIS with improved features
184.108.40.206. Increase in prevalence of cancer cases
220.127.116.11. Advantages of OIS over conventional record maintenance practices
18.104.22.168. Dearth of healthcare IT professionals
22.214.171.124. High costs associated with OIS systems
126.96.36.199. Untapped potential of emerging markets
188.8.131.52. Use of artificial intelligence (AI) in oncology information systems
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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