Global Oncology Informatics Market Size By Product Type, By Application, By Geographic Scope And Forecast

Oncology Informatics Market Size And Forecast

Oncology Informatics Market size was valued at USD 12.1 Billion in 2023 and is projected to reach USD 33.5 Billion by 2030, growing at a CAGR of 12% during the forecast period 2024-2030.

The Global Oncology Informatics Market is mainly driven by the increasing cost of cancer treatment, a growing number of cancer patients, and the rising adoption of oncology-specific EHR’s. The Global Oncology Informatics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Oncology Informatics Market Definition

Oncology refers to the branch of medicine that deals with the prevention, diagnosis, and treatment of cancer. Oncology has three major areasmedical, surgical, and radiation. Information technology plays an important role in fighting cancer through a growing field called oncology informatics. Oncology informatics is where information science, computer science, and health care intersect.

It is about acquiring, storing, and using cancer information most thoroughly and efficiently and includes tools such as computers, clinical guidelines, and information and communication systems. The behavioral and psychological sciences have generated a strong knowledge base over the last two decades that can be leveraged to advance oncology informatics and improve cancer controls

Global Oncology Informatics Market Overview

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Oncology Informatics Market is mainly driven by the increasing cost of cancer treatment, a growing number of cancer patients, and the rising adoption of oncology-specific EHR’s.

The low level of data integration leads to inefficiency, which not only causes waste and errors in the clinical workflow, but also causes immoderate treatment, hurts patients, and also leads to cost overruns. Thus, emphasis on reduction in medical errors and readmission rates is also driving the overall market growth. However, factors such as shortage of medical oncologists, the huge cost of installation of these solutions, lack of interoperability within the system, and data security concerns can restrain the growth of the Oncology Informatics Market over the forecast period.

Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Oncology Informatics Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Oncology Informatics Market Segmentation Analysis

The Global Oncology Informatics Market is segmented on the basis of Product Type, Application, And Geography.

By Product Type

• Electronic Health Records• Population Health Management• Clinical Decision Support System• Drug Discovery and Development Informatics

Based on Product Type, The market is segmented into Electronic Health Records, Population Health Management, Clinical Decision Support System, and Drug Discovery and Development Informatics.

By Application

• Breast Cancer• Prostate Cancer• Colorectal Cancer• Cervical Cancer• Other

Based on Application, The market is segmented into Breast Cancer, Prostate Cancer, Colorectal Cancer, Cervical Cancer, and Other.

By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Oncology Informatics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Oncology Informatics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Cerner Corporation, Change Healthcare, Elekta AB, F.Hoffmann-La Roche Ltd., Hologic Inc., IBM Corporation, Inspirata Inc., Koninklijke Philips N.V., Laboratory Corporation of America Holdings, McKesson Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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