Technology Advancement in Oncology Information System Market


Posted June 7, 2018 by akshayjadhav

The global oncology information system market is estimated to grow at a CAGR of 8.5% from 2014 to 2019.

 
Oncology Information System Market by Software (Patient Information System & TPS), & Professional Service), Application (Medical, Radiation, & Surgical Oncology), End User (Hospital, Government Institution, & Research Center) - Global Forecasts to 2019
On the basis of type of products and services, the global oncology information system market has been divided into two major segments, namely, software and professional services. The software segment is further classified into patient information systems and treatment planning systems. Likewise, the professional services segment is further divided into consulting/optimization, implementation, and post-sale & maintenance services. The patient information systems segment accounted for the largest share of this global market in 2014. Furthermore, the treatment planning systems segment is expected to grow at the highest CAGR in the next five years, owing to various growth strategies followed by market players and technological advancements in the field of radiation oncology.
On the basis of type of application, the global market is classified into three major segments, namely, medical, radiation, and surgical oncology. The medical oncology segment accounted for the largest share of the global oncology information system market in 2014, and it is expected to grow at the highest CAGR of in the next five years, owing to the technological developments in the field to provide advanced cancer care.
On the basis of type of end user, the global market is classified into three segments, namely, hospitals & physician's offices, governmental institutions, and research centers. The hospitals & physician's offices segment accounted for the largest share of this global market in 2014, and it is expected to grow at the highest CAGR of 9.7% in the next five years, owing to a significantly large number of cancer cases and rising adoption of technologically advanced cancer treatment systems in hospitals globally.

https://www.marketsandmarkets.com/Market-Reports/oncology-information-systems-market-1721676.html

The global oncology information system market is estimated to grow at a CAGR of 8.5% from 2014 to 2019.
A number of factors such as the development of technologically advanced OIS, rising number of cancer cases and reoccurrence of secondary cancer, aging population, and increasing government sponsored health care programs are propelling the growth of this global market. However, dearth of healthcare IT professionals and unfavorable healthcare reforms in the U.S. are some major factors restraining the growth of this market. In addition to this, privacy and security issue associated with patient information is a one of the key challenges faced by market players in the oncology information system market.
On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. In 2014, the global oncology information system market was dominated by North America. A number of factors such as increasing number of cancer cases, increased investment in healthcare IT, and high adoption rate of technologically advanced systems in North American countries are driving the growth of this global market in the North American region. The Asia-Pacific market is expected to grow at the highest CAGR of 11.5% from 2014 to 2019 due to factors such as large population base, increasing initiatives related to modernization of healthcare infrastructure, and rising government efforts to broaden public access for modern healthcare systems.
Agreements and partnerships, and strategic acquisitions are the key strategies adopted by the major players to strengthen their product portfolio and expand their geographic presence to sustain their position in the market.
Accuray Incorporated (U.S.), Altos Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Elekta AB (Sweden), Epic Systems Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), McKesson Corporation (U.S.), and Varian Medical Systems, Inc. (U.S.), among others are the key players operating in the global market.
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Issued By marketsandmarkets
Website Technology Advancement in Oncology Information System Market
Country India
Categories Government , Health , Marketing
Tags oncology
Last Updated June 7, 2018
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