Oncology Information System Market by Application, Trends and Growth Rate to 2022

Global Oncology Information Systems Market: Overview

The drive for oncology information systems (OIS) in cancer management is gathering strength from the need for coordinating care among providers. Broadly, such systems integrate vendor offerings with disparate healthcare information technology (HIT) systems. A multidisciplinary approach is necessary for patient-centered care in oncology, which makes the integration imperative for advancing workflows and usability. This has been a key force behind the evolution of the oncology information systems market. Further, oftentimes the need for a robust communication between medical and radiation oncology solutions calls for customizations, thereby opening new avenues in the oncology information systems market.

Oncology information systems manage data from various treatment schedules, treatment plans, and treatment delivery for each patient. Focus on laying a framework on standardization in OIS is further advancing the level of care for each cancer patient through a multidisciplinary approach. Strategic collaborations between players and recent spree of acquisitions have shaped the competitive landscape in the oncology information systems market.

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The global oncology information systems market is expected to clock 7.6% CAGR during 2017 - 2022. In 2017, the global valuation was US$2,285.6 million in 2017 and by the end of the forecast period, the market is projected to reach worth of US$3,293.8 millon.

The report segments the global oncology information systems market on the basis of end use, service type, and application.

Patient Information Systems Leads, Treatment Planning Systems to Gain Strength

The various key service types in the oncology information systems market are patient information systems (PIS), treatment planning systems (TPS), consulting services, implementation services, and post-sale and maintenance services. Of these, the PIS segment led the pack in 2016 and is expected to retain its lead in coming years as well. In 2017, the segment stood at worth of US$794.4 mn. During the forecast period of 2017 – 2022, the patient information systems is projected to expand 7.1% CAGR during 2017 to 2022 and touch valuation of US$1,117.7 mn by 2022-end. However, the segment is expected to lose incremental share; it is expected to reach 33.9% by 2022. A large part of the trend is attributed to the growing demand for such systems in treatment planning systems and consulting services.

The various end users in the oncology information systems market are oncology clinics, hospitals, and research centers. Of all, hospitals are expected to emerge as the key revenue generator during the assessment period. Growing focus of vendors on institutionalized healthcare providers is key to the growing uptake of oncology information systems in the segment.

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Strides in Patient-Centered Care in Oncology Cement Potential in Asia Pacific

The key regions for assessing the growth prospects in the oncology information systems market comprise North America, Europe, Asia Pacific, Latin America, Japan, and Asia Pacific excluding Japan (APEJ). Of these, North America has been the major revenue contributor and is expected to maintain its leading position throughout the forecast period.

The growth in the regional market has been ignited by rapid advances being made in patient-centered care in oncology. The North America oncology information system market stood at US$933.7 mn in 2017. Rising at 8.6% CAGR during 2017 – 2022, the regional market is anticipated to reach worth of US$1,411.5 mn by 2022. Over the past few years, several players have collaborated in adopting better standards for integration with the help of new cancer information systems. Europe has also seen some big revenue streams in oncology information systems market. Countries that will emerge as new engine for growth in the global market in near future include the U.K., the U.S., and Canada.

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Meanwhile, the pace with which the APEJ oncology information system market is evolving is outstanding. The regional market will contribute at least 16.0% of the revenues to the global oncology information system market 2017-end. Constant focus of governments in number of its economies for advancing patient care for cancer patients is a key factor propelling lucrative opportunities in the region.

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