Oncology Information System Market Revolutionizing Healthcare IT Industry: Opportunity Analysis and Industry Forecast, 2018 - 2025

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.

The global OIS market is driven by technological advancements in OIS, associated advantages of OIS over conventional record maintenance, and surge in prevalence of cancer worldwide. In addition, rise in awareness of the benefits of using OIS is expected to fuel the market growth. However, high treatment costs associated with OIS and dearth of healthcare IT professionals hamper the market growth. The impact of the driving factors is expected to conceal that of the restraints. Hence, the market is projected to grow at a CAGR of 7.1% from 2018 to 2025. Moreover, integration of oncology information systems for the treatment rare cancer types and increased usage of artificial intelligence (AI) in oncology information systems are expected to present new opportunities to market players in the near future.

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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
3.7.1. Drivers
3.7.1.1. Availability of OIS with improved features
3.7.1.2. Increase in prevalence of cancer cases
3.7.1.3. Advantages of OIS over conventional record maintenance practices
3.7.2. Restraints
3.7.2.1. Dearth of healthcare IT professionals
3.7.2.2. High costs associated with OIS systems
3.7.3. Opportunities
3.7.3.1. Untapped potential of emerging markets
3.7.3.2. Use of artificial intelligence (AI) in oncology information systems

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