The global oncology information systems market size is expected to reach USD 4.64 billion by 2028 according to a new study by Polaris Market Research. The report “Oncology Information Systems Market Share, Size, Trends, Industry Analysis Report, By Product and Services (Software, Professional Services); By Application (Medical, Radiation, Surgical); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The major factors driving the growth of the global industry includes increasing prevalence of cancer across the globe along with increased adoption of advanced system to manage patient treatment schedules, treatment plans and treatment delivery. Companies and governments across the globe are investing heavily on several solutions is expected to further boost the industry growth.
There is a huge increase in cancer in recent years. Nearly, 20 million new cases of cancer are diagnosed every year globally. It is a leading cause for mortality worldwide and in 2020, 10 million people died of cancer. Hence the treatment of cancer patients needs to be properly planned to reduce the mortality associated with the disease.
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Oncology information systems have applications in surgical, medical and radiation. OIS is expected to be adopted more in medical oncology as advanced cancer treatments such as immunotherapy, which falls under the category of medical, have become more widely accepted in recent years. Procedures such as immunotherapy and radiation therapy are preferred over surgical procedures for cancer treatment.
The increasing adoption of the information systems have led to the launch of new systems along with collaborations and acquisitions. In August 2020, Healthcare Global Enterprises Ltd (HCG) based in India has partnered with Elekta under which Elekta will install multiple Elekta Synergy linear accelerators and Versa HD for the hospital.
The service agreement between the two also includes Monaco treatment planning system and Elekta’s MOSAIQ Oncology Information System. In December 2020, RaySearch Laboratories launched its advanced information system RayCare 4B. The system will offer RayStation treatment planning system and support for other treatments and workflows. It is installed in Yonsei Cancer Center in South Korea in 2020.
It is the first healthcare institution that has adopted these systems in Asia Pacific. The new OIS is also expected to provide an interface to connect to Varian TrueBeam. Once VARIAN will launch TrueBeam 3.0 interface software which is expected in August 2021, the use of Varian TrueBeam and RayCare will be introduced for clinical use.
The COVID-19 pandemic will not have significant effect on the market during the forecast period as cancer treatment is a critical emergency procedure and hospitals are not postponing any cancer treatment even with the shortage of staffs and infrastructure during the pandemic period.
Industry Participants such as Accuray Incorporated, Elekta AB, Varian Medical Systems, Cerner Corporation, RaySearch Laboratories, BrainLab, Prowess, Inc., Philips Healthcare, DOSIsoft S.A., MIM Software, ViewRay Inc., and Flatiron Health, Inc., are some of the key players operating in the global market.
Polaris Market Research has segmented the oncology information systems market report on the basis of product and services, application, and region:
Oncology Information Systems, Product & Services Outlook (Revenue – USD Million, 2016 – 2028)
- Patient Information Systems
- Treatment Planning System
- Professional Services
Oncology Information Systems, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Medical Oncology
- Radiation Oncology
- Surgical Oncology
Oncology Information Systems, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa