July 26, 2022 — The oncology information systems market is expected to expand at a CAGR of 7.8%. The oncology information systems market is expected to grow from $2.59 billion in 2022 to $5.48 billion by 2032.

The increasing incidence and prevalence of cancer and the increasing need to reduce the cost of cancer treatment are driving the growth of the oncology information systems market as well as the potential benefits offered by oncology information systems in cancer treatment, management and planning.

The oncology information systems market includes software and services used for end-to-end information and imaging management that helps manage and optimize cancer patient profiles and treatments.

The sales and operating income of the leading players in the oncology information systems market have declined as a result of COVID-19. Stocks were reduced as a result of strict production controls.

The increasing incidence of cancer cases is one of the major factors driving the growth of the oncology information systems market. There are several other factors driving the key trends and opportunities in the oncology information systems market, such as the growing need to reduce oncology care costs and the growing adoption of oncology information systems along with electronic health records (EHRs) and other oncology information systems.

A major obstacle to the implementation of OIS solutions in hospitals is the lack of skilled resources influencing the future trends of the oncology information systems market along with the oncology information systems market opportunities. Demand for health IT professionals currently exceeds supply in both developing and developed oncology information systems markets, including the United States and Europe.

Asia Pacific accounted for 17.8% of the oncology information systems market. The oncology information systems market in Asia Pacific is expanding due to several factors, including increasing prevalence of cancer and increased investment in the implementation of IT solutions in healthcare facilities, which influences the deployment trends of the oncology information systems market.

KEY TAKEAWAYS:

· The oncology information systems market is divided into two segments: solutions and professional services. The solutions segment accounts for the majority of revenue, i.e. 73.4%.

· The solutions segment is further sub-segmented into patient information systems and treatment planning systems, with the latter accounting for the lion’s share of the oncology information systems market.

· Medical oncology accounted for the largest oncology information system market share of global revenue, accounting for 61.4% of total revenue.

· In 2021, the regional oncology information systems market in North America had the highest oncology information systems revenue market share of 38.5%.

· The software segment represents 83.6% of the oncology information systems market for products and services.

· Radiation oncology represents 53.8% of the oncology information systems market.

· Asia Pacific accounted for 17.8% of the oncology information systems market.



http://www.itnonline.com/content/broadening-healthcare-it-industry-will-generate-new-opportunity-promote-oncology

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