Oncology Information Systems Market Size, Share & Trends Report

Oncology Information Systems Market Size, Share & Trends Analysis Report By Products & Services (Software, Professional Services), By Application (Medical, Surgical, Radiation), And Segment Forecasts, 2019 - 2026

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2017
  • Report ID: GVR-3-68038-036-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 82

Industry Insights

The global oncology information systems market size was valued at USD 1.66 billion in 2017. It is expected to expand at a CAGR of 8.4% over the forecast period. Rising prevalence of cancer,various advantages associated with the OIS over traditional methods of recording data, and several initiatives pertaining to oncology research are anticipated to drive the growth.

Increasing prevalence of cancer is expected to be a high-impact rendering driver for the market. As per the World Health Organization (WHO), cancer is one of the leading causes of death globally. Approximately one in every six deaths is caused by cancer. According to Novartis, there exist more than 200 types of cancer requiring unique diagnosis and treatment. In addition, it also suggests that more than 21 million new cases of cancer will be diagnosed by 2030.

U.S. oncology information systems market

Oncology information system helps in the management of treatment schedules, delivery, and plan. The OIS also facilitates information exchange between the healthcare enterprise and radiation therapy departments. It helps ensure a healthy treatment by providing the complete information about the radiation therapy and treatment results as and when needed for evaluating and improving the quality of treatment. Thus, increasing prevalence of cancer is expected to drive the OIS market growth.

According to breastcancer.org, around one in eight women in the U.S. will be diagnosed with the invasive breast cancer. As per the American Lung Association, in 2018, around 234,030 new lung cancer are expected to be diagnosed. This high prevalence coupled with technological advancements and R&D is anticipated to create growth opportunities for the market, especially in U.S.

Products & Services Insights

Software is expected to witness the fastest growth over the forecast period. Increasing prevalence of cancer and the advantages offered by software, such as streamlining and fine tuning the patient management and data management processes are among the factors expected to drive the segment growth.

Software performs critical functions, such as comprehensive patient management, monitoring activities, clinical regimes, and pharmacy information. Periodic upgrades are necessary for synchronization of software with the latest analytics. In addition, OIS software can help the hospitals and oncology centers manage the treatment effectively and efficiently.

The treatment planning system is expected to expand at the highest CAGR owing to the benefits offered by these systems, such as proper treatment planning and scheduling. These are the heart of radiation therapy and an important factor for improving patient outcomes. Once the image datasets are loaded and tumors identified, these systems develop a detailed treatment plan. It also calculates the expected dose distribution, including the variables, such as tissue energy level penetration affected by the type of tissue the beamlines encounter.

Application Insights

Medical oncology is expected to witness the fastest growth over the forecast period. Increasing usage of immunotherapy, chemotherapy, and hormonal therapy is expected to propel the segment growth.

Global oncology information systems market

Radiation oncology uses Radiation Therapy (RT) for treating the tumor, to cure, or to reduce the pain and other symptoms caused by the malignant tumor. As per the Royal Australian and New Zealand College of Radiologists, more than 100,000 Australians are diagnosed with cancer every year. It is estimated that half of the cancer patient population will benefit from the radiation oncology as part of their cancer treatment. Thus, high investment in the development of new technology in radiation oncology, low cost as compared to the other treatment, and increasing research and development activities in the RT is expected to increase the demand for the segment driving the market growth.

Regional Insights

North America is expected to hold the largest market share in terms of revenue over the forecast period. Speedy adoption of technological advancements in healthcare, favorable regulatory environment, and increasing investments by the pharmaceutical companies are expected to drive the demand for OIS in North America. U.S. held the largest share of the North America market in the forthcoming years. Some factors responsible for its dominance are high prevalence of cancer and investment in oncology R&D.

Asia Pacific is anticipated to register the fastest CAGR during the forecast period. This growth can be attributed to high prevalence of cancer coupled with government initiatives and expenditure in healthcare sector.

Oncology Information Systems Market Share Insights

Prominent market players are Elekta AB, Varian Medical Systems, Accuray Incorporated, Cerner Corporation, RaySearch Laboratories, and Flatiron. Key players are making efforts to bring innovation through various initiatives to develop advanced technologies, such as web-based solutions and introduction of Artificial Intelligence (AI) with an aim to improve the treatment. Such initiatives are expected to positively impact the market in near future.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2026

Market representation

Revenue in USD Billion & CAGR from 2018 to 2026

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, U.K., Germany, China, Japan, Brazil Mexico & Saudi Arabia, South Africa

Report coverage

Revenue, company share, competitive landscape, growth factors, trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2026. For the purpose of this study, Grand View Research has segmented the global oncology information systems market report on the basis of products and services, application, and region:

  • Products & Services Outlook (Revenue, USD Billion, 2014 - 2026)

    • Software

      • Patient Information Systems

      • Treatment Planning Systems

    • Professional Services

  • Application Type Outlook (Revenue, USD Billion, 2014 - 2026)

    • Medical Oncology

    • Surgical Oncology

    • Radiation Oncology

  • Regional Outlook (Revenue, USD Billion, 2014 - 2026)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • Saudi Arabia

      • South Africa

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