The Oncology Information Systems Market is expected to be worth US$ 2,593.4 million in 2022 and US$ 2,753.8 million in 2023.
The oncology information systems market is expected to grow at a CAGR of 7.8% between 2023 and 2033, totaling around US$ 5,828 million by 2033, according to the Future Market Insights analysis report.
Innovations such as artificial intelligence, machine learning, and big data analytics will help them for enabling oncologists in making more accurate diagnoses, developing tailored treatment plans, and monitoring patient progress in real time.
Advancements in telemedicine and remote patient monitoring will help in enhancing the accessibility of specialized oncology care, particularly in underserved areas.
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Key Takeaways from the Market Study
- Global oncology information systems market grew at a CAGR of 5.1% between 2017 and 2022.
- Global oncology information systems market expanded at a CAGR of 2,023.5 million in 2017.
- Under the product type segment, the oncology information systems market has been segmented into solutions and professional services accounted for 73.4% of global revenue.
- Under the application segment, the medical oncology segment will account for 61.2% of global revenue.
- North American regional oncology information systems market had the highest revenue oncology information systems market at 38.5%.
- United States forecasted a market share of 36% in 2022
“Traditional healthcare delivery model and research systems influencing the oncology information are considered to be one of the major trends of the oncology information systems market”, comments a Future Market Insights analyst.
Competitive Landscape
To boost revenue oncology information systems market growth and solidify their positions in the oncology information systems market, the major players in the oncology information systems market are concentrating on strategic initiatives like product launches, acquisitions, collaborations, participation in events, and expansions.
- Koninklijke Philips N.V. (The Netherlands) has announced a collaboration with Elekta (Sweden) for developing advanced, comprehensive, and personalized cancer care through precision oncology information solutions.
- McKesson Corporation (USA) launched Ontada, an oncology technology and insights business dedicated to the advancement of cancer research and care.
- Philips Healthcare has mentioned that it has increased, socially conscious healthcare leaders for recognizing their responsibility in the improvement of healthcare equality, as well as the need for reduction in the sector’s carbon footprint for the preservation of the planet’s health.
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Key Segmentation :
By Product:
- Solutions
- Patient Information Systems
- Treatment Planning Systems
- Professional Services
By Application:
- Medical Oncology
- Radiation Oncology
- Surgical Oncology
- North America
- The United States
- Canada
- Europe
- The United Kingdom
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- The Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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