Oncology Information Systems Market Primed for a Striking Surge to US$ 5.828 Million by 2033-FMI Projection

It is anticipated that the oncology information systems  market size will be valued US$ 2,593.4 million in 2022 and US$ 2,753.8 million in 2023.

The oncology information systems market is expected to grow at a CAGR of 7.8% between 2023 and 2033, totaling around US$ 5,828 million by 2033, according to the Future Market Insights analysis report.

Innovations such as artificial intelligence, machine learning, and big data analytics will help them for enabling oncologists in making more accurate diagnoses, developing tailored treatment plans, and monitoring patient progress in real time.

Advancements in telemedicine and remote patient monitoring will help in enhancing the accessibility of specialized oncology care, particularly in underserved areas.

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Key Takeaways:

• Global oncology information systems market grew at a CAGR of 5.1% between 2017 and 2022.
• Global oncology information systems market expanded at a CAGR of 2,023.5 million in 2017.
• Under the product type segment, the oncology information systems market has been segmented into solutions and professional services accounted for 73.4% of global revenue.
• Under the application segment, the medical oncology segment will account for 61.2% of global revenue.
• North American regional oncology information systems market had the highest revenue oncology information systems market at 38.5%.
• United States forecasted a market share of 36% in 2022

“Traditional healthcare delivery model and research systems influencing the oncology information are considered to be one of the major trends of the oncology information systems market”, comments a Future Market Insights analyst.

Competitive Landscape

To boost revenue oncology information systems market growth and solidify their positions in the oncology information systems market, the major players in the oncology information systems market are concentrating on strategic initiatives like product launches, acquisitions, collaborations, participation in events, and expansions.

• Koninklijke Philips N.V. (The Netherlands) has announced a collaboration with Elekta (Sweden) for developing advanced, comprehensive, and personalized cancer care through precision oncology information solutions.
• McKesson Corporation (USA) launched Ontada, an oncology technology and insights business dedicated to the advancement of cancer research and care.
• Philips Healthcare has mentioned that it has increased, socially conscious healthcare leaders for recognizing their responsibility in the improvement of healthcare equality, as well as the need for reduction in the sector’s carbon footprint for the preservation of the planet’s health.

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Key Segmentation :

By Product:

• Solutions
  • Patient Information Systems
  • Treatment Planning Systems
• Professional Services

By Application:

• Medical Oncology
• Radiation Oncology
• Surgical Oncology

• North America
  • The United States
  • Canada
• Europe
  • The United Kingdom
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • United Arab Emirates

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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