Oncology Information System Market – Key Trends, Key Drivers, Mergers and Acquisitions and Competitive Landscape.
Oncology Information System Market was valued at US$ 8.9 Bn in 2021 and is expected to grow at US$ 16.7 Bn in 2029. Global Oncology Information System Market size is expected to grow at a CAGR of 9.41 % through the forecast period.
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Oncology Information System Market Overview:
Oncology information system (OIS) is a comprehensive information and image management solution, which facilitates management and optimization of the profiles and treatment of cancer patients. Oncology Information System maintains patient information such as diagnostic details and patient history, as well as treatment patterns and prescriptions. This system is used to predict treatment outcomes, plan the patient’s treatment accordingly, and exchange cancer patient information among the overall healthcare organizations. Oncology information systems (ois) are essential tools for measuring the rate of adoption and the effectiveness of practice standards, for improving patient safety, and for facilitating research.
Oncology Information System Market Dynamics:
The major driver which is responsible for the growth of the Global Oncology Information System Market is the increase in prevalence of cancer cases and plethora of treatment patterns that have enforced healthcare givers to adopt a comprehensive data management system for maintaining large data sets, including patient records and treatment practices. These data management systems or OIS are designed for proper documentation of patient record, maintenance of patient treatment patterns, maintenance of electronic health record (EHR)/electronic medical record (EMR), and treatment prediction. These features offer scope for automation, accessing, and maintaining patient records through a single interface and workflow. Hence, rise in cancer prevalence is contributed to drive the growth of the Global Oncology Information System Market during the forecast period.
Oncology Information System Market Segment:
The segment radiation oncology is expected to grow with the highest CAGR of xx% during the forecast period. The demand for radiation oncology has increased due to increase in the number of radiosurgeries, and a large volume of cancer-related data is being generated at radiological departments. The growing installation base of radiation therapy devices, the increasing number of radiosurgery procedures involving fractures, the rapid increase in the population affected by cancer globally, and the development of advanced radiology techniques, information systems, and radiation therapy planning are the factors which leads to the growth of the Global Oncology Information System Market. Radiation oncology treatment is a highly cost-effective cancer treatment. It requires less than 9 cents out of each healthcare dollar spent on treating cancer overall, yet it is essential in about 40% of all cured cancers. With cancer being the leading cause of death worldwide, investment in developing radiation oncology treatments, helping cancer patients access radiation therapy and building new treatment centres have never been more critical.
Regional Analysis:
The five primary geographical regions of the Oncology Information System market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Research methodology:
- To estimate and validate the size of the worldwide Oncology Information System market, top-down and bottom-up methods are utilized. Players carefully adhere to the company’s multiple classification requirements in order to compile a long list of notable and active players. Following a thorough validation process, the businesses that are most pertinent to the market under evaluation are selected.
- Priority lists are compiled using commercial databases like Factiva, Bloomberg, and others and are arranged according to the revenue produced in the most recent quarter.
- In addition, depending on the principal target groups, the questionnaire was specifically developed to meet all standards for capturing primary data in an appointment-only way. This makes it easier for us to collect information on a range of issues, such as player earnings, operating expenses, profitability margins, and the growth of different goods and services. Around 70-80% of the data are verified before use using a variety of secondary sources, including the World Bank, associations, company websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and more.
Oncology Information System Market Key players:
• Epic Systems Corporation
• Elekta AB
• Cerner Corporation
• Altos Solutions, Inc.
• Accuray Incorporated
• IBM
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