Oncology Information System Market Future Growth With Technology And Current Trends 2021 To 2027

Precision Business Insights published a research report on “Oncology Information System Market: By Type [Services (Consulting Services, Implementation Services, Post Sale and Maintenance) (Software (Treatment Planning, Patient Information)] By Application (Medical Oncology, Surgical Oncology, Radiation Oncology) By End-User (Hospitals, Oncology Clinics, Research Centres, Oncology Institutes) By Geography - Global/Region/Country Forecast to 2027” Oncology Information System Market was valued at USD 6.3 Billion in 2020 and is anticipated to grow at USD 10.73 Billion till 2027 recording a CAGR of 7.9% during the forecast period 2021-2027

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Oncology Information System Market: By Type [Services (Consulting Services, Implementation Services, Post Sale and Maintenance) (Software (Treatment Planning, Patient Information)] By Application (Medical Oncology, Surgical Oncology, Radiation Oncology) By End-User (Hospitals, Oncology Clinics, Research Centres, Oncology Institutes) By Geography - Global/Region/Country Forecast to 2027"

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Several Benefits of Oncology Information System fuelling the Oncology Information System Market
Oncology information system includes the information exchanged between overall healthcare venture and radiotherapy department. This system is utilized to manage data about oncology patient treatment schedules, treatment results, treatment plans and summary and results of the treatment. For the purpose of medical safety demographic as well as treatment information of patients is stored to these systems. These information systems are connected to other information systems too.

A significant market driving factor that is anticipated to impel the growth of the oncology information systems market is numerous advantages offered by this type of information system rather than conventional methods to protect the data and plan the treatment. Increasing cancer patients is another market driving factor. Approximately 8.8 Mn deaths were recorded globally because of cancer according to World Health Organization WHO. On the other hand, high price involved in the implementation of oncology information systems, dearth of awareness and lack of experts are the major factors hindering the oncology information systems market.

North America Accounted for largest Market Share in Oncology Information System Market
Global oncology information system market is categorized into leading regions such as North America, Middle East, Europe, Latin America and Asia Pacific. Among all the regions, North America is witness huge revenue share in the market due to the increasing prevalence of cancer cases in the region. It was predicted that almost 57,440 new cancers cases were recorded and nearly 169,120 cancer deaths were recorded in United Stated in the year 2016. Europe became the second largest region to obtain revenue share in the market due to the technological advancements. Asia Pacific is anticipated to record considerable growth in the market due to the growing disposable income, large pool of population and increase in awareness amid people about health concerns.

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Impact of COVID-19 on Oncology Information System Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

Competitive Analysis
A few major players of the global oncology information system market include Varian Medical Systems, Inc. (U.S.), Elekta AB (Sweden), Accuray Incorporated (U.S.), Koninklijke Philips N.V. (Netherlands), Cerner Corporation (U.S.), Altos Solutions, Inc. (U.S.) and Epic Systems Corporation iU.S.). Key players of the market are focusing chiefly on following efficient strategies to retain their position in the market. Acquisitions, mergers and collaborations are the strategies followed by the key players of the market. Key players also try to expand their product portfolio in the market. Manipal Hospitals Introduced a cognitive computing platform called IBM Watson for oncology to provide insights.

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