According to recent report, the global oncology information system market was valued at US$2,285.6 mn in 2017 and is likely to rise to a valuation of US$3,293.8 mn by 2022.
Global market for oncology information systems is referred to the market of the digital systems that are designed to keep a track of the prolonged treatment patterns of cancer treatment. With the rise in number of cancer patients worldwide, the market of oncology information systems is also rising.
Recently, MRH (Market Research Hub) has come up with a new report that is titled “Oncology Information System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. The report gives an in-depth assessment of the global market for oncology information systems and market forecast from the year 2017 to 2022.
The report includes critical analysis of various segments in which the market is divided, the key drivers, restraints and trends of the market.
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Highlights of Global Market for Oncology Information Systems
During the research that MRH has conducted for global market for oncology information system, a team of analysts has taken in consideration, each and every aspect of the market and then concluded some results based on the research. Their estimates show that in 2017, global market for oncology information system is valued around US$2.3 bn and is expected to surge and touch US$ 3.3 bn till 2022 with a CAGR of more than 7.5%.
The readers of the report will get a clear idea of global market for oncology information systems as to which drivers are affecting the market and what are the opportunities they will get to expand their business and create necessary strategies. Some of these drivers that are part of the report and has largely contributed in the market boom are increasing inclination of health sector towards digital tools, cancer research gaining more and more government support for cancer research, increasing patients worldwide.
However the major restraint that hampers the growth of global market for oncology information system is the lack of favorable regulatory situations.
Segmentation of Global Market for Oncology Information Systems
The global market for oncology information systems is divided in various segments based on different criteria. These segments make it easier to gather information of each and every part of the market.
Also it includes historical analysis of the segments for the year 2012-2017 giving the report a more realistic and reliable touch.
On the basis of service type, the report divides global market for oncology information system into consulting services, maintenance services, patient information system, implementation services, treatment planning systems and post-sale services. Among these segments patient information system is expected to be the dominant one and is predicted to rise and account for around 34% of the market in 2022.
On the basis of end use, the global market oncology information system is divided into segments like governmental institutions, hospitals, research centres and oncology clinics. On the basis of application, the segments are radiation oncology, medical oncology and surgical oncology.
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Geographical segments include North America which is expected to stay the dominant segment of the global market for oncology information system with a robust CAGR of over 8.5% during the forecast period of 2017-2022 and is also likely to reach a valuation of US$1,412 mn by 2022.
Competitive Landscape of Global Market for Oncology Information System
The report comprises of a crystal clear picture of the global market for oncology information system’s competitive dynamics to give an idea about the activities and developments of key players in the market. Some of these players are Elekta AB, Accuray Inc., Verian Medical Systems Inc., Koninklijke Philips N.V., Epic Systems Corporation, Cerner Corporation, Raysearch Laboratories, Mckesson Corporation and Flatiron Health Inc.
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