Oncology Information System Market Size (2024 - 2029)

Oncology Information System Market Analysis

The Oncology Information System Market is expected to register a CAGR of 8.5% during the forecast period.

The major factors attributing to the growth of the oncology information systems market include the rising incidence of cancer cases worldwide. For instance, according to a report published by Breast Cancer UK in May 2024, in 2022, female breast cancer accounted for 11.6% of all cancer diagnoses, positioning it as the second most prevalent cancer globally. In 2022, approximately 2.3 million women received a breast cancer diagnosis. Additionally, there were 8.2 million individuals living who had been diagnosed with breast cancer in the previous five years. The huge prevalence of cancer cases around the world is likely to increase the utilization of oncology information systems to handle large volumes of patient data. Thus, the market studied is expected to grow significantly over the forecast period.

Furthermore, growing initiatives to increase cancer awareness are expected to support market expansion over the forecast period. For instance, in February 2023, the World Health Organization unveiled its new Global Breast Cancer Initiative Framework, outlining a strategic plan to achieve the goal of saving 2.5 million lives from breast cancer by 2040. The initiative was released in anticipation of World Cancer Day, and the framework advises countries to adopt three foundational strategies: health promotion for early detection, ensuring timely diagnosis, and implementing comprehensive management of breast cancer. This initiative aims to guide nations in effectively meeting these targets through coordinated efforts in healthcare systems worldwide.

Moreover, in August 2022, the Koita Centre for Digital Oncology (KCDO) was founded by the National Cancer Grid (NCG) to encourage the use of digital technology and tools to enhance cancer care throughout India. The Koita Foundation had made contributions to the center's establishment, and it had committed to doing so for the next five years. At the Tata Memorial Hospital in Mumbai, the Tata Memorial Centre and Koita Foundation signed an MoU to formally establish their partnership. Such initiatives were expected to add to the growth of the market and improve cancer care in India.

The KCDO aimed to provide a platform for collaboration and knowledge-sharing among healthcare professionals, researchers, and innovators in the field of oncology. The center had also planned to develop and implement digital solutions to improve cancer screening, diagnosis, and treatment outcomes.

Thus, all the aforementioned factors, such as the growing prevalence of cancer and the rising adoption of OIS systems, are expected to propel the growth of the market. However, the high costs involved in cancer therapies and the dearth of skilled professionals are expected to slow down the market's growth over the forecast period.

Oncology Information System Industry Segmentation

As per the scope of the report, the oncology information system is used for data management as part of hospital oncology care plans, treatment plans, provision of medication, analysis, and treatment outcomes. Oncology information systems include the exchange of information between both the radiotherapy unit and the healthcare organization.

The oncology information system market is segmented by product and service, application, end user, and geography. The product and services segment is further segmented into software and services. The application segment is further divided into medical oncology, radiation oncology, and surgical oncology. The end user segment is further bifurcated into hospitals, research centers, and specialty clinics. The geography segment is further divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers the value (USD) for the above segments.