Oncology Information System Market

Elekta AB (Sweden) and Siemens Healthineers (Germany) are the Key Players in the Oncology Information System Market

The oncology information systems market is projected to reach USD 9.5 billion by 2025 from USD 6.7 billion in 2020, at a CAGR of 7.4% during the forecast period. Growth in this market is primarily driven by the incrasing prevalence of cancer; technological advancements towards the development of cloud based oncology information systems; increased funding, research grants, and public-private investments; growing government initiatives to improve healthcare IT infrastructure of hospitals; and the emergence of user-centric treatment planning systems. However, the high impkentation cost for oncolog information systems is expected to limit market growth in the coming years. Complex regulatory frameworks that delay the approval of new oncology information systems are also expected to challenge market growth to a certain extent.

The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2017–2020 to expand their global presence and increase their market shares in the oncology information systems market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Acquisitions were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market. In 2019, the oncology information systems market was dominated by Varian Medical Systems, Inc (US), Elekta AB (Sweden), Siemens Healthineers (Germany), and Koninklijke Philips N.V. (Netherlands).

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Varian Medical Systems, Inc (US) has a wide range of product offerings in the oncology information systems market, including radiotherapy treatment planning systems, radiation dose management solutions, clinical information management systems, medical image analysis systems, brachytherapy treatment planning solutions, oncology analytics, oncology electronic medical record, chemotherapy information systems products. The company sustains its key position in the global oncology information systems market owing to its multiple product launches. Varian Medical Systems, Inc (US  has a strong product portfolio, supporting around oncology procedures worldwide.The company is focused on innovations and improving the quality of its products with increasing investment in its R&D department. Varian Medical Systems, Inc global footprint allows it to cater to a customer base across North America, Europe, Middle East & Africa , and Asia Pacific.

Elekta AB (Sweden): Elekta (Sweden) offers an extensive range of products, including radiosurgery & brachytherapy solutions and radiotherapy systems. Elekta offers its radiotherapy delivery systems and radiotherapy planning systems to more than 6,000 hospitals worldwide. The company caters to various end users, such as hospitals and cancer research institutes. It has a strong presence and wide industry coverage in North America, Europe, and other regions. The company has a sound customer services support set up, which helps it to strengthen its customer relationships and presence in the market. During the last three years, the company has significantly invested in R&D activities. Elekta focuses on both organic and inorganic growth strategies to enhance its footprint in the global oncology information systems market.

Related Reports:

Oncology Information System Market by Software (Patient Information System, TPS, RIS, PACS, Services), Application (Medical, Radiation, Surgical Oncology), Enduser (Hospitals, Cancer Care Centers, Government Institution, Academia) - Global Forecast to 2025

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Report Code
HIT 3267
RI Published ON
3/2/2021
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