Cancer Registry Software Market Future Scope and Latest Trends Analysis Report

Cancer Registry Software Market worth $181.84 Mn by 2031- Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Cancer Registry Software Market- (By Software Type (Standalone Software, Integrated Software), By Database (Public data, Commercial data), By Deployment Model (Cloud-based, On-premises), By Functionality (Cancer reporting to meet federal regulations, Patient care management, Product outcome evaluation, Medical research and clinical studies), By End-User (Government organisation and third-party administrator, Hospitals and medical practices, Research centres, Pharmaceutical, Biotechnology companies & medical device companies, Private players, Research centres)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Cancer Registry Software Market is valued at US$ 76.07 Mn in 2022, and it is expected to reach US$ 181.84 Mn by 2031, with a CAGR of 10.3% during a forecast period of 2023-2031.
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Cancer registries support clinical research and maintain and enhance patient care. Most nations use population- and hospital-based cancer registries, which are used to track cancer cases. Government agencies create population-based registries to achieve objectives like early detection, knowing cancer trends, cancer prevention, studying the patterns of treatment and prognosis, and efforts to manage cancer. These registries are economical for assessing cancer prevention initiatives to lessen cancer-related issues in nations and areas. There are an exponentially growing number of cancer registries due to the growing need to control cancer. Shortly, market growth is anticipated to be boosted by rising cancer prevalence, bettering healthcare quality, cutting healthcare expenses, and recent actions by key players such as product/service launches and mergers & acquisitions. Initiative provides a more efficient and affordable digital solution, improving the infrastructure and lowering costs. The market is therefore anticipated to expand due to the factors above. However, concerns about patient data security and privacy will limit industry expansion. The cancer registry software industry will increase but will be constrained by the lack of choice from many healthcare facilities to employ cutting-edge software solutions.

Additionally, governmental and private cancer registries assist in developing sophisticated cancer registry software and aid in improving the data quality. Research institutions and pharmaceutical businesses use cancer registries as a follow-up source during phase III and IV clinical studies. To lessen the burden of cancer, clinical research and healthcare assessment will be improved, accelerating market expansion throughout the projection period.

List of Prominent Players in the Cancer Registry Software Market:
• Elekta (Sweden),
• Electronic Registry Systems, Inc. (US),
• Onco, Inc. (US),
• C/NET Solutions (US),
• Rocky Mountain Cancer Data Systems (US),
• McKesson Corporation (US)

Market Dynamics:
Drivers-
The market for cancer registry software is expanding at an accelerated rate due to increased attention being paid to developing high-quality healthcare facilities and reducing the costs associated with providing that care. The market is also benefiting from numerous effective initiatives by governmental bodies to lower cancer incidences and the high adoption rate for this software. The global cancer registry software market is expanding due to the rising incidence of cancer occurrences. One of the most prevalent chronic diseases, cancer is also one of the leading causes of death today. The main contributors to the increase in cancer cases are dietary changes, environmental factors, including pollution and tobacco use, and genetic alterations. The rising incidence of such factors worldwide has been directly attributed to their rising prevalence. As a result, cancer is now the second most common cause of death globally.

Challenges:
The development of the worldwide cancer registry software industry is hampered by a serious issue called lack of interoperability. Cancer registries primarily aid in patient care by disseminating precise and convenient information regarding patients, their medical interventions, and the outcomes attained. Additionally, multiple EHR systems are largely used by hospitals and cancer centres, which could result in inefficiencies in the clinical process. A significant obstacle in oncology is the direct integration of cancer registries with EHR systems. The lack of interoperability with (EHR) systems in pull-out data from cancer registries is a challenge that can restrict the demand for cancer registry software. This is expected to impede the growth of the global cancer registry software market during the forecast period.

Regional Trends:
The North American cancer registry software market is expected to register a major market share. The market in the region is anticipated to be driven by new product launches and the rising prevalence of chronic diseases like cancer. Similarly, expanding the use of cancer registries would spur market expansion. Many cancer registries now use Registry Plus products as their standard operating system because they help them comply with NPCR's electronic data-sharing requirements while streamlining and automating registry operations. A high adoption rate would spur market expansion shortly. Besides, the Asia Pacific region had a substantial share of the market beacause of factors such as a growing population, rapid urbanization, and increasing industrialization. Additionally, the market is expected to be driven by the (R&D) activities undertaken by prominent players in the industry.

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Recent Developments:
• In Sept 2022, Nursenav Inc. and Electronic Registry Systems (ERS) Inc. collaborated to connect their two most prominent software products, CRStar and CONNECT. In order to complement the services offered by oncology navigation, this integration made use of cancer registry workflows and data collecting.
• In December 2020, McKesson started Ontada, an oncology technology and insights business that aims to help improve cancer research and care. Ontada was in a unique situation to improve cancer care by allowing deep collaboration between life sciences companies and oncology providers.

Segmentation of Cancer Registry Software Market-
By Software Type
• Standalone Software
• Integrated Software
By Database
• Public data
• Commercial data
By Deployment Model
• Cloud-based
• On-premises
By Functionality
• Cancer reporting to meet federal regulations.
• Patient care management
• Product outcome evaluation
• Medical research and clinical studies
By End-User-
• Government organization and third-party administrator
• Hospitals and medical practices
• Research centers
• Pharmaceutical, Biotechnology companies & medical device companies
• Private players
• Research centers
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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