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14-Feb-2019

Oncology Information Systems Market is expected to attain a CAGR Value Of 8.1%

The global oncology information systems market was valued over US$ 2 billion in 2017 and is expected to register a CAGR of 8.1%. The report also offers insightful and detailed information regarding the various key players operating in the global oncology information systems market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.

Oncology information systems are used to maintain patient records, to predict treatment results, plan treatment for cancer patients accordingly, and exchange cancer patient information across healthcare organizations, which improves safety and efficiency of cancer treatment. In addition, oncology information systems help physicians and surgeons to choose a suitable therapy which in turn helps to improve survival rate of cancer patients.

Oncology information systems are better alternatives to conventional techniques for treatment planning and record keeping in medical facilities. Advantages of oncology information systems such as planned treatment, future-proofing, and remote access are features expected to result in rising demand for these systems in the near future.

The global oncology information systems market is segmented on the basis of product and service, application, end user, and region.

On the basis of product and service, the market is segmented based on software and professional services. The software segment is expected to contribute major revenue share and is expected to maintain its dominance over the forecast period.

On the basis of application, medical segment is expected to be fastest growing product segment in the global oncology information systems market as it offers data protection and improved user experience, and also enables hospitals/clinics to offer seamless, simplified, and secure patient care.

Hospital & physician’s offices segment is expected to be fastest growing product segment in the global oncology information systems market.

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Europe is expected to be second largest region in terms of revenue in the global oncology information systems market. Significant increase in geriatric population in recent times, coupled with increasing incidence of cancer, increasing government initiatives for spreading awareness about cancer and cancer treatment, and growing number of medical institutions adopting oncology information systems in countries in the region are major factors driving growth of the Europe oncology information system market.

Key Players are Accuray Incorporated, Flatiron Health Inc, Cerner Corporation,, Elekta AB (pub), Epic Systems Corporation, Koninklijke Philips N.V., McKesson Corporation, Varian Medical Systems Inc, CureMD Corporation, Raysearch Laboratories.

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Last Updated: 14-Feb-2019