Oncology Information Systems Market to be Worth $4.45 Billion by 2030

Meticulous Research®-a leading global market research company, published a research report titled, 'Oncology Information Systems Market By Offering (Software {Patient Information, Treatment Planning} Services) Application (Medical, Surgical, Radiology Oncology) End User (Hospital, Diagnostic Imaging Center, Cancer Care Center) - Global Forecast to 2030.'

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According to this latest publication from Meticulous Research®, the oncology information systems market is projected to reach $4.45 billion by 2030, at a CAGR of 7.4% from 2023 to 2030. The growth of this market is driven by the increasing prevalence of cancer, rising digitalization in cancer treatment, rising need to reduce oncology care costs, increasing adoption of electronic health records (EHR), and increased demand for streamlined patient information and data management. In addition, the integration of precision medicine for cancer treatment and its potential in emerging countries are expected to provide significant growth opportunities for this market.

However, the high cost of oncology information systems and data security & privacy concerns are expected to restrain the growth of this market to a certain extent. In addition, factors such as barriers to adoption and implementation and additional requirement for training and education for using oncology information systems pose major challenges to the market's growth.

Key Players

The key players operating in the oncology information systems market are Accuray Incorporated (U.S.), Brainlab AG (Germany), DOSIsoft SA (France), Elekta AB (Sweden), Koninklijke Philips N.V. (Netherlands), MIM Software Inc. (U.S.), Oracle Corporation (U.S.), Prowess Inc. (U.S.), RaySearch Laboratories (Sweden), Siemens Healthcare GmbH (Germany), McKesson Corporation (U.S.), Altai, Inc (Turkey), and ViewRay Inc. (U.S.).

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Oncology Information Systems Market: Future Outlook

The oncology information systems market is segmented by offering, application, end user, and geography. The study also evaluates industry competitors and analyzes the country and regional-level markets.

Among the offerings studied in this report, in 2023, the software segment is expected to account for the largest share of the oncology information systems market. The large market share of this segment is attributed to factors such as higher adoption of software solutions by the hospitals, the rising need for managing cancer-related data, and its benefits such as optimizing treatment planning & delivery.

Among all the applications, in 2023, the medical oncology segment is expected to account for the largest share of the oncology information systems market. The large market share of this segment is attributed to the large patient population receiving medical oncology care and the benefits of oncology information systems in managing departmental, administrative, and clinical activities in medical oncology.

In 2023, the hospitals segment is expected to account for the largest share of the oncology information systems market, by end user. The large market share of this segment is attributed to the increased adoption of digital solutions, including oncology information systems in hospitals, the increased awareness about its benefits among healthcare professionals, and the rising patient population.

Geographic Review

This research report analyzes the market across major regions and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, the U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (Japan, China, India, and the Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the oncology information systems market, followed by Europe and Asia-Pacific. North America's major market share is attributed to the advanced healthcare infrastructure in the region, higher acceptance of advanced technologies, and the high number of cancer patients.

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Key questions answered in the report:

Which are the high-growth market segments in terms of offering, application, end user, and region/country?
What was the historical market size for oncology information systems across the globe?
What are the market forecasts and estimates for the period 2023-2030?
What are the major drivers, restraints, opportunities, and challenges in the global oncology information systems market?
Who are the major players in the oncology information systems market?
How is the competitive landscape, and who are the market leaders in the global oncology information systems market?
What are the recent developments in the global oncology information systems market?
What are the different strategies adopted by the major players in the global oncology information systems market?
What are the geographical trends and high-growth regions/countries?

Contact Data
Mr. Khushal Bombe
Meticulous Research®
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Email- sales@meticulousresearch.com
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.