Oncology Information Systems Market Worth $2.6 Billion by 2019

DALLAS, March 25, 2015 /PRNewswire/ --

According to a new market research report "Oncology Information Systems Market by Software (Patient Information System & TPS), & Professional Service), Application (Medical, Radiation, & Surgical Oncology), End User (Hospital, Government Institution, & Research Center) - Global Forecasts to 2019", published by MarketsandMarkets, the global Oncology Information Systems Market is expected to reach $2.6 Billion by 2019 at a CAGR of 8.5% from 2014 to 2019.

Browse 76 market data Tables and 27Figures spread through 210Pages and in-depth TOC on "Oncology InformationSystems Market"

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On the basis of products and services, the global Oncology Information Systems Market is classified into two major segments, namely, software and professional service. The software segment is further divided into two segments, namely, patient information systems and treatment planning systems. Likewise, the professional services segment is further divided into three segments, namely, consulting/optimization, implementation, and post-sale & maintenance services.

The global Oncology Information Systems Market is divided into medical, radiation, and surgical oncology based on applications. On the basis of end users, the global Oncology Information Systems Market is divided into three major segments, namely, hospitals & physician's offices, Governmental institutions, and research centers.

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Factors such as technological advancements in OIS, rising incidence of cancer cases, increasing number of cases related to recurrence of secondary tumor, rising adoption of OIS, and developing healthcare infrastructure (especially in emerging nations) are driving the growth of the global oncology information systems market. However, factors such as shortage of healthcare IT professionals and unfavorable healthcare reforms in the U.S. restrict the growth of this market.

As of 2014, North America accounted for the largest share of the global Oncology Information Systems Market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 11.5% from 2014 to 2019. This high growth can be attributed to huge patient population base, government-sponsored cancer programs, rising trends of medical tourism owing to low-cost treatments, and increasing focus of global market players on developing nations.

Some of the major players in the global Oncology Information Systems Market are Accuray Incorporated (U.S.), Altos Solutions, Inc.  (U.S.), Cerner Corporation (U.S.), Elekta AB (Sweden), Epic Systems Corporation (U.S.), Koninklijke Philips N.V. (The Netherlands), McKesson Corporation (U.S.), and Varian Medical Systems, Inc. (U.S.).

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