Oncology Information System Market size was over USD 3.42 billion in 2024 and is likely to exceed USD 7.95 billion by the end of 2037, growing at over 6.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of oncology information system is evaluated at USD 3.6 billion.
The primary growth factor for the expansion of the global oncology information system market size is the rising number of cancer patients across the world. Oncology information system aids treatment outcomes, treatment plans, and tracking of cancer patient information across healthcare organizations which is supposed to improve the safety and efficacy of the treatment of cancer patients. Therefore, the rising number of cancer patients across the world is anticipated to bring in lucrative growth opportunities for market growth during the forecast period. As per the statistics shared by the World Health Organization (WHO), it is revealed that cancer is considered to be one of the major causes of death occurring worldwide. Also, cancer was responsible for taking almost 10 million lives in 2020 around the globe.
Apart from the aforementioned factors, the rising awareness level about the advantages of oncology information systems such as a comprehensive information and image solution and an effective way to manage and optimize the profiles of cancer patients and their treatment is anticipated to create a positive outlook for market growth during the forecast period. Furthermore, the availability of a plethora of treatment patterns in healthcare facilities which requires proper documentation, maintenance of patient treatment patterns, and the rising need for the conservation of electronic health records (EHR) or electronic medical record (EMR) along with the requirement of treatment prediction is also expected to positively contribute in the expansion of market size in the upcoming years. In addition, the escalation in initiatives taken by the government to boost the usage of advanced medical devices, digital health, and hospital management system is estimated to boost the adoption rate of oncology information systems in hospitals and clinics.
Author Credits: Abhishek Verma
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