Oncology Information System (OIS) Market - By Products & Services (Software {Patient Information Systems, Treatment Planning System}, Services), Application (Medical Oncology), End-use (Hospitals & Diagnostic Imaging Centers), Global Forecast, 2023 - 2032

Oncology Information System Market Size

Oncology Information System Market size accounted for USD 3.1 billion in 2022 and is estimated to grow at 7.9% to reach USD 6.6 billion by 2032. Government initiatives aimed at improving cancer care infrastructure, increasing usage of digital health technologies, and enhancing patient outcomes through proper data management will contribute to the market growth.
 

Also, funding and grants provided by government bodies and research organizations is expected to fuel the advancements in OIS technology. For instance, as per the National Cancer Institute (NCI) report, the Consolidated Appropriations Act, 2023, allocated USD 7.3 billion to National Cancer Institute (NCI) including USD 216 million for the NCI component of the Cancer Moonshot.
 

Oncology information systems (OIS) refer to specialized software solutions designed to streamline and optimize the management of patient information, treatment plans, and clinical workflows in the field of oncology.
 

COVID-19 Impact

The COVID-19 pandemic had a negative impact on the oncology information system (OIS) market. The healthcare sector, including oncology departments and cancer treatment centers, faced numerous challenges during the pandemic, leading to disruptions in OIS implementations and utilization. The diversion of resources and healthcare professionals to address the immediate requirements of COVID-19 patients resulted in delays in the adoption of oncology information system, thereby hampered the market growth. Additionally, restrictions on non-essential medical procedures and reduced patient visits had negatively impacted the market expansion.
 

Oncology Information System Market Trends

The increasing prevalence of cancer worldwide is anticipated to boost the market progression. For instance, according to the Cancer Research UK report, in 2020, an estimated 18 million new cancer cases were diagnosed, and 10 million cancer deaths occurred across the globe. As the number of cancer cases continues to rise, there is a growing requirement for efficient and advanced systems to manage patient data. OIS solutions play a vital role in effectively organizing and analysing large volumes of patient data, enabling healthcare providers to develop personalized treatment plans and optimize care delivery.
 

Oncology Information System Market Restraint

The dearth of skilled professionals may hamper the market share. The successful implementation and utilization of oncology information system require experienced and trained professionals who can effectively navigate the system, manage patient data, and ensure accurate treatment planning. Therefore, the demand for skilled OIS professionals often outweighs the available supply, thereby leading to a shortage of qualified professionals. Thus, the lack of skilled professionals may hamper the seamless integration and utilization of OIS in healthcare facilities.
 

Oncology Information System Market Analysis

By product & services, the oncology information system market is classified into software and services. The software segment accounted for 83.2% of the market share in 2022 and is projected to witness considerable growth over the analysis timeframe. The integration of artificial intelligence (AI) and machine learning (ML) algorithms in OIS software brings additional benefits to it, including improved clinical decision-making and predictive analytics. This will enable healthcare providers to enhance the efficiency and accuracy of cancer care delivery, thereby fostering the market trends. Additionally, growing adoption of software in healthcare facilities such as hospitals and cancer care centers among others will contribute to the market growth.
 

Based on application, the oncology information system market is segmented into medical oncology, radiation oncology, and surgical oncology. The radiation oncology segment is expected to register around USD 1.9 billion by 2032. Increasing number of radiosurgeries coupled with growing adoption of oncology information system specifically tailored for radiation oncology is expected to supplement the market expansion. Furthermore, OIS solutions for radiation oncology enable precise and efficient treatment planning, enhance accuracy in radiation dose delivery, and facilitate treatment monitoring and documentation.
 

Based on end-use, the market is segmented into hospitals & diagnostic imaging centers, ablation care centers and cancer care centers, and research facilities. The hospitals & diagnostic imaging centers segment is projected to witness lucrative growth of 7.3% over the analysis timeframe. Hospitals and diagnostic imaging centers are key healthcare providers involved in cancer diagnosis, treatment, and follow-up care. Thus, the increasing adoption of oncology information systems in hospitals and diagnostic imaging centers will accelerate the market trends. Also, growing emphasis on precision medicine coupled with large patient population preferring hospitals for treatment will further augment the market size.
 

North America oncology information system market accounted for 42.3% business share in 2022 and is anticipated to grow at considerable growth rate during the forecast timeframe. The presence of a strong healthcare IT ecosystem, including electronic health records (EHR) systems is expected to spur the regional market demand. Also, favorable government initiatives coupled with the presence of a well-established research and development infrastructure will contribute to regional growth. Moreover, the increasing advancements in technology along with the presence of key market players in the region will further stimulate market progression.
 

Oncology Information System Market Share

Major market players operating in the oncology information system market include:

• Elekta
• Accuray Inc
• Varian Medical Systems
• RaySearch Laboratories,
• Oracle Corporation

These industry players majorly adopt various strategies including collaborations, acquisitions, mergers, and partnerships to create a global footprint and sustain market competition.
 

Oncology Information System Industry News:

• In May 2022, RaySearch Laboratories AB collaborated with GE Healthcare, a leading global medical technology, diagnostics, and digital solutions company, to develop a new radiation therapy simulation and treatment planning workflow solution. This strategy helped the company to expand its product portfolio and customer base.
   
• In June 2021, Elekta and Royal Philips extended their collaboration to advance comprehensive and personalized cancer care through precision oncology solutions. This strategy helped the company to expand and grow.
   

The oncology information system market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:

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By Products & Services

• Software
  • Treatment Planning Systems
  • Patient Information Systems
• Services

Application

• Medical Oncology
• Radiation Oncology
• Surgical Oncology

End-use

• Hospitals & Diagnostic Imaging Centers
• Ablation Care Centers and Cancer Care Centers
• Research Facilities

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of Middle East & Africa