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The global Oncology Information Systems Market is estimated to be valued at US$ 8.19 Bn or million in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

These systems help in maintaining details of cancer patients, treatment plans, appointments and tracking clinical outcomes. Oncology information systems enable real-time access to patient information for authorized medical professionals.

Market key trends:

One of the key trends in the global oncology information systems market is growing adoption of cloud based systems. Cloud based systems offer various advantages like reduced costs of installation, maintenance and upgrades. They provide access to data from any location and share information across different locations. They enable seamless collaboration between healthcare providers, which is an important requirement in cancer care. Cloud based oncology information systems are likely to witness significant growth in the coming years, especially in emerging markets.

Segment Analysis

The global oncology information systems market is segmented by product & services, application, end-user, and region. By product & services, the software segment is expected to dominate the market owing to increasing adoption of EHR/EMR solutions by healthcare providers to manage voluminous cancer patient records efficiently. By application, the radiation oncology application segment held the largest market share in 2022 due to increasing adoption of radiotherapy treatment options for cancer care. By end-user, the hospitals segment is anticipated to grow at the highest CAGR during the forecast period due to rising focus on advanced cancer care facilities.

Key Takeaways

The Global Oncology Information Systems Market Size is expected to witness high growth, exhibiting CAGR of 7.8% over the forecast period, due to increasing prevalence of cancer and growing need for efficient management of cancer patient data.

Regional analysis: North America held the largest share of the global oncology information systems market in 2022 and is expected to dominate the market over the forecast period. This is attributed to presence of advanced healthcare infrastructure and increasing adoption of digital oncology solutions in the region.

Market size: The global oncology information systems market size was valued at US$ 8.19 Bn in 2023 and is expected to reach US$ 14.47 Bn by 2030.

Key players: Key players operating in the global oncology information systems market are Cerner Corporation, Elekta, Accuray, RaySearch Laboratories, Flatiron Health, Koninklijke Philips N.V., McKesson Corporation, Epic Systems Corporation, CureMD Healthcare, and Varian Medical Systems, Inc. Cerner Corporation dominated the overall market share in 2022 owing to its comprehensive oncology solutions portfolio.

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