Oncology Information Systems Market Expected to Worth $5.53 Billion

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Portland, OR, June 07, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the oncology information systems market generated $3.08 billion in 2020 and is expected to reach $5.53 billion by 2030, registering a CAGR of 6.0% from 2021 to 2030.

Rising prevalence of cancer cases and various treatment regimens coupled with the availability of several OIS with enhanced functionalities have boosted the growth of the global oncology information system market. However, the high cost associated with the system and the lack of skilled manpower to manage the healthcare management and information technology systems are hampering the growth of the market. On the contrary, the rise of the use of artificial intelligence and the development of a plethora of products would open up new opportunities in the future.

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Market size by 2030 $5.54 billion
forecast year 2020-2030
CAGR 6%
Year of reference 2020
Report key pointer Outbreak and impact of COVID-19

Impact of Covid-19 on the Oncology Information Systems Market-

  • The Covid-19 pandemic has had a negative impact on the market due to the global economic recession. Additionally, non-essential procedures have been postponed due to the increase in Covid-19 cases.
  • The demand for OIS solutions has seen a decline due to the closure of hospitals and oncology clinics.

Get a detailed analysis of the impact of COVID-19 on the Oncology Information Systems Markethttps://www.alliedmarketresearch.com/request-for-customization/790?reqfor=covid

The report segments the global oncology information systems market on the basis of product and service, application, end-user, and region.

Based on products and services, the services segment is expected to show the highest CAGR of 6.4% during the forecast period. Moreover, the segment held the largest share in 2020, contributing nearly two-thirds of the market.

Based on the applications, the medical oncology segment is expected to show the highest CAGR of 6.6% during the forecast period. Additionally, the segment captured the lion’s share in 2020, accounting for more than two-fifths of the market.

The report offers analysis of the global oncology information systems market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market dominated in 2020, holding more than a third of the market. However, the Asia-Pacific market is expected to show the highest CAGR of 7.4% during the forecast period.

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The Global Oncology Information Systems Market report includes an in-depth analysis of major market players such as Accuray Incorporated, BMSI Partners Inc., (Bogardus Medical Systems, Inc.), Cerner Corporation, CureMD Corporation, Elekta AB, F. Hoffmann LA Roche AG (Flatiron Health, Inc.), Siemens AG (Siemens Healthnieers), Koninklijke Philips NV, McKesson Corporation and Nasdaq Inc. (RaySearch Laboratories AB).

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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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