Oncology Information System (OIS) Market Analysis

Oncology Information System Market Analysis

By product & services, the oncology information system market is classified into software and services. The software segment accounted for 83.2% of the market share in 2022 and is projected to witness considerable growth over the analysis timeframe. The integration of artificial intelligence (AI) and machine learning (ML) algorithms in OIS software brings additional benefits to it, including improved clinical decision-making and predictive analytics. This will enable healthcare providers to enhance the efficiency and accuracy of cancer care delivery, thereby fostering the market trends. Additionally, growing adoption of software in healthcare facilities such as hospitals and cancer care centers among others will contribute to the market growth.
 

Based on application, the oncology information system market is segmented into medical oncology, radiation oncology, and surgical oncology. The radiation oncology segment is expected to register around USD 1.9 billion by 2032. Increasing number of radiosurgeries coupled with growing adoption of oncology information system specifically tailored for radiation oncology is expected to supplement the market expansion. Furthermore, OIS solutions for radiation oncology enable precise and efficient treatment planning, enhance accuracy in radiation dose delivery, and facilitate treatment monitoring and documentation.
 

Based on end-use, the market is segmented into hospitals & diagnostic imaging centers, ablation care centers and cancer care centers, and research facilities. The hospitals & diagnostic imaging centers segment is projected to witness lucrative growth of 7.3% over the analysis timeframe. Hospitals and diagnostic imaging centers are key healthcare providers involved in cancer diagnosis, treatment, and follow-up care. Thus, the increasing adoption of oncology information systems in hospitals and diagnostic imaging centers will accelerate the market trends. Also, growing emphasis on precision medicine coupled with large patient population preferring hospitals for treatment will further augment the market size.
 

North America oncology information system market accounted for 42.3% business share in 2022 and is anticipated to grow at considerable growth rate during the forecast timeframe. The presence of a strong healthcare IT ecosystem, including electronic health records (EHR) systems is expected to spur the regional market demand. Also, favorable government initiatives coupled with the presence of a well-established research and development infrastructure will contribute to regional growth. Moreover, the increasing advancements in technology along with the presence of key market players in the region will further stimulate market progression.