Oncology Information Systems Market Size 2024-2028

The oncology information systems market is expected to grow by USD 1.15 billion at a CAGR of 6.7% from 2023 to 2028. This growth is attributed to the increasing prevalence of cancer and the rising need for advanced technology to manage and monitor patient care. The nature of cancer, being a complex disease, demands extensive data management and analysis, further driving the market. Additionally, developing economies are focusing more on cancer treatment, following the reduction of epidemics like tuberculosis, typhoid, and malaria. However, the rising concerns over medical data privacy present challenges for the development and implementation of oncology information systems.

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Market Segmentation

The market report provides insights into the following segments:

By Product

• Software
• Services

By Geography

• North America
  • US
• APAC
  • China
  • India
• Europe
  • Germany
  • UK
• South America
• Middle East and Africa

By Product Insights 

The software segment is expected to experience substantial growth during the forecast period. With a growing demand for better healthcare service delivery, investments in software solutions are increasing, particularly in data management, workforce management, healthcare analytics, hospital information systems (HIS), laboratory information systems (LIS), and patient information systems (PIS). The oncology information systems market is poised for remarkable growth, driven by the adoption of mobile devices and the development of mobile solutions.

Market Dynamics - Drivers, Trends, and Challenges

Key Market Driver

• The rising prevalence of cancer worldwide is significantly driving market growth. The number of cancer cases is expected to increase substantially, especially in the US, where over 1 million new cancer cases are projected annually. The global cancer burden is forecast to grow to 27 million new cases by 2040. Advanced oncology information systems are essential for managing the increasing volume of cancer cases and facilitating informed decision-making during treatment planning and delivery.

Significant Market Trends

• Rapid Growth in Developing Economies: The oncology information systems market is expanding due to the increasing demand for advanced cancer treatments and the growth of healthcare infrastructure in countries like China and India. This trend is driving significant growth in the market, particularly due to lower costs and large patient populations in these regions.

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Major Market Challenge

• Rising Medical Data Privacy Concerns: With the integration of advanced technologies in oncology information systems, the protection of sensitive patient data is a major concern. Regulations like HIPAA (Health Insurance Portability and Accountability Act) in the US and GDPR (General Data Protection Regulation) in the EU require strict measures for data privacy and protection, which pose challenges to the growth and adoption of these systems.

Key Players

1. Accuray Inc.
2. AmerisourceBergen Corp.
3. BMSI Partners Inc.
4. Brainlab AG
5. CureMD
6. Elekta AB
7. Epic Systems Corp.
8. F. Hoffmann La Roche Ltd.
9. General Electric Co.
10. International Business Machines Corp.
11. Koninklijke Philips N.V.
12. McKesson Corp.
13. MIM Software Inc.
14. Oracle Corp.
15. Prowess Inc.
16. Siemens AG
17. United Health Group Inc.
18. Utech Products Inc.
19. ViewRay Inc.

Future Market Insights

The oncology information systems market is expected to continue expanding due to the rising incidence of cancer, the aging population, and increasing advancements in AI and web-based technologies. As healthcare providers demand more efficient solutions to manage cancer care, the role of oncology information systems will become increasingly essential in delivering personalized treatment and improving patient outcomes.