Transforming Cancer Care: Exploring the Oncology Information Systems Market and Its Impact | To Reach $ 5.53 Bn by 2030
PORTLAND, OREGON, UNITED STATES, May 12, 2023 /EINPresswire.com/ -- As per the report published by Allied Market Research, the global oncology information system market generated $3.08 billion in 2020, and is expected to reach $5.53 billion by 2030, registering a CAGR of 6.0% from 2021 to 2030. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.
Key Takeaways:
The oncology information systems market refers to software solutions specifically designed to manage and streamline oncology workflows, patient data, and treatment plans in cancer care.
The market for oncology information systems has been growing steadily due to the increasing prevalence of cancer worldwide, advancements in cancer treatment technologies, and the need for efficient management of complex oncology data.
Key players in the oncology information systems market include Elekta AB, Varian Medical Systems, Inc., Cerner Corporation, Epic Systems Corporation, and McKesson Corporation, among others.
The market is driven by factors such as the rising adoption of electronic health records (EHRs) and integrated healthcare systems, the need for personalized cancer treatment, and the growing demand for efficient data management and analysis tools in oncology.
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Market Drivers:
Increasing Prevalence of Cancer: The rising incidence of cancer globally is a major driver for the adoption of oncology information systems. As the number of cancer cases grows, healthcare providers require robust software solutions to manage and streamline oncology workflows effectively.
Technological Advancements in Cancer Treatment: Advances in cancer treatment technologies, such as radiation therapy, chemotherapy, and targeted therapies, have created a need for sophisticated information systems to support treatment planning, delivery, and monitoring. Oncology information systems help healthcare professionals optimize treatment strategies and ensure accurate and safe administration of therapies.
Need for Efficient Data Management: Oncology generates vast amounts of complex data, including patient information, imaging data, treatment plans, and outcomes. Effective management, analysis, and integration of this data are crucial for improving patient care, clinical research, and quality reporting. Oncology information systems offer robust data management and analytics capabilities, addressing this need.
Growing Demand for Personalized Medicine: The concept of personalized medicine, which tailors treatments to individual patient characteristics, is gaining prominence in oncology. Oncology information systems play a vital role in supporting personalized medicine by providing tools for genetic profiling, treatment prediction, and monitoring of treatment response.
Market Segmentation:
Type of Solution:
Patient Information Systems: These systems focus on managing patient data, including demographics, medical history, treatment plans, and follow-up care.
Treatment Planning Systems: These systems assist in developing personalized treatment plans for cancer patients, considering factors such as tumor characteristics, patient-specific data, and treatment guidelines.
Deployment Model:
On-premise: Software solutions are installed and maintained locally on healthcare facility servers.
Cloud-based: Software solutions are hosted and accessed remotely via the internet, offering scalability, flexibility, and cost-effectiveness.
End-user:
Hospitals and Clinics: Oncology information systems are widely adopted in hospitals and clinics to manage cancer patient data, treatment planning, and clinical workflows.
Cancer Research Centers: These institutions utilize oncology information systems for research purposes, data analysis, and clinical trials management.
Radiation Therapy Centers: Specialized centers focusing on radiation therapy treatment employ oncology information systems to optimize treatment planning, delivery, and quality assurance.
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Regional Growth Dynamics:
North America accounted for a majority of the global oncology information systems market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to increase in cancer cases and adoption of technologically advanced treatments. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in disposable income and rise in investment in healthcare sector.
Competitive Landscape:
Elekta AB
Varian Medical Systems, Inc.
Cerner Corporation
Epic Systems Corporation
McKesson Corporation
Philips Healthcare
RaySearch Laboratories AB
Accuray Incorporated
Siemens Healthineers
CureMD Healthcare
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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Allied Analytics LLP
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