Oncology Information System Market to Reach $3,755 Million, Globally, by 2022
Portland, OR -- (SBWIRE) -- 02/23/2018 -- The prediction of treatment outcomes and better management of patient profiles offered by oncology information systems is expected to attract the patients with higher purchasing power and fuel the innovations and market growth.
Across the healthcare settings, such as clinics, hospitals, and research laboratories, patient portfolios are managed by software termed as oncology information systems. In addition, this software is used to predict treatment outcomes, plan the patient's treatment accordingly, and exchange cancer patient information among the overall healthcare organizations. These advantages improve the safety and efficiency of cancer therapy for patients. Oncology information systems help physicians and surgeons to choose the most appropriate therapy to improve the survival rate of the cancer patients. The availability of a variety of cancer therapies, such as chemotherapy and radiation therapy, and presence of huge cancer population base are major factors that drive the market growth.
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Global Oncology Information Systems Market were valued at $2,247 million in 2015, and is estimated to reach $3,755 million by 2022, registering a CAGR of 7.5% from 2016 to 2022.
Oncology information systems enable management of patient profiles by combining surgical, radiation, and medical oncology information in one system. Moreover, these systems facilitate management of treatment plans and schedules of cancer patients, and predict the results of the treatments. Safety and efficiency of cancer treatment is improved by use of these systems owing to their ability to predict the treatment outcome.
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Among the product & service segment, software for patient information system was the largest revenue contributor in 2015 towards market growth, and is anticipated to continue this trend in the future. Advantages of using these systems as compared to conventional record maintenance methods such as planned treatment and remote access due to digital availability are expected to boost the growth of this segment.
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Oncology Information System Market Key Segments:
By Products and Services
Patient Information Systems
Treatment Planning Systems
Post-Sale & Maintenance Services
By End User
Hospitals and Oncology Clinics