Oncology Information System Market Size 2022 Covid-19 Impact Analysis by Industry Trends, Future Demands, Growth Factors, Emerging Technologies, Prominent Players, Future Plans and Business Growth Strategies

Kenneth Research, in its repository of market research reports, has recently added a report on Oncology Information System Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Oncology Information System Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Oncology Information System Market products.

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The global Oncology Information System Market was valued at USD 2.02 billion in 2016 and is projected to reach USD 4.07 billion by 2025, growing at a CAGR of 8.11% from 2017 to 2025.
The market is expected to witness a moderate growth during the forecast period, because of the benefits offered by oncology information systems over conventional methods of record keeping and treatment planning. Furthermore, rise in prevalence of cancer and increase in technological advancements, such as incorporation of patient portals, are expected to boost the market growth.

Market Dynamics:
1. Market Drivers
1.1 Increasing Technological advancements in OIS itself
1.2 Growing patient number suffering from Cancer
1.3 Growing efficiency and result quality by usage of OIS

2. Market Restraints
2.1 Lack of IT professionals
2.2 High Cost of OIS Systems

Market Segmentation:
1. Global Oncology Information System Market, by Application:
1.1 Medical Oncology
1.2 Radiation Oncology
1.3 Surgical Oncology

2. Global Oncology Information System Market, by Products and Services:
2.1 Software
2.1.1 Patient Information Systems
2.1.2 Treatment Planning Systems
2.2 Professional Services
2.2.1 Consulting/Optimization Services
2.2.2 Implementation Services
2.2.3 Post-Sale and Maintenance Services

3. Global Oncology Information System Market, by End User:
3.1 Hospitals & Physician’s Offices
3.2 Government Institutions
3.3 Research Centers

4. Global Oncology Information System Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. Accuray Incorporated
2. Altos Solutions, Inc.
3. Cerner Corporation
4. Elekta AB
5. Epic Systems Corporation
6. Koninklijke Philips N.V.
7. Mckesson Corporation
8. Varian Medical Systems, Inc.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Oncology Information System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

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