Oncology Information System Market Analysis

Product (Software, Services)

The global oncology information system market is segmented and analyzed for demand and supply by product into software and hardware. Out of these segments, the software segment is estimated to gain the largest market share of about 59% in the year 2037. In the recent period, advanced oncology information software has been recognized as a practical and affordable way to quicken the pace of digital innovation, by enhancing the management of information related to patients, treatments, and medical procedures. This factor is estimated to increase the segment size in the next few years. Also, the software helps in promoting productivity, increasing revenue, and enhancing the experience of both the patient and healthcare professional while improving care quality. All these factors couple up to help in boosting segment growth during the forecast period. For instance, in March 2022, GE Healthcare announced the launch of the Edison Digital Health Platform, which is advanced software that is created to provide holistic views of each patient and support integrated care pathway management by gathering information from numerous sources and vendors to enhance clinical applications.

End-user (Hospitals, Cancer Care Centers, Government Institution, Academia)

The global oncology information system market is also segmented and analyzed for demand and supply by end-user into hospitals, cancer care centers, government institutions, and academia. Amongst these segments, the hospital segment is expected to garner a significant share of around 37% in the year 2037. The major factor attributed to the segment growth is the rising pool of patients visiting the hospital daily which require a highly efficient program such as an oncology information system for the maintenance of a large amount of patient data. As per the data released by the Centers for Disease Control and Prevention (CDC), it was estimated that around 131.1 million hospital visits occurred in 2022. Also, the availability of various advanced technologies and increasing government investments along with the availability of a skilled workforce for the smooth functioning of an oncology information system are other factors that are estimated to positively contribute to segment growth. In addition to other factors, the rising number of hospitals across the globe and the availability of features and facilities for the proper conduction of treatment and procedures is anticipated to increase the utilization rate of oncology information systems in hospitals. For instance, there were over 8,000 hospitals in Japan as of 2020. Korea, by contrast, had about 4,000 hospitals.

Our in-depth analysis of the global market includes the following segments: