The worldwide oncology information management system (OIMS) market is set to generate high revenue by 2022, according to a report on Radiant Insights, Inc. It is expected to expand at a remarkable growth rate over the forecast period (2017-2022). Oncology information management system maintains a patient database of diagnostic details, medical history, treatments, and prescriptions. The capacity of these systems to predict medical outcomes based on data and treatments is expected to influence market demand over the forecast period.
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Technological breakthroughs in OIMS, high incidence of cancer, and development of healthcare infrastructure in developing economies are factors that can impact market growth. Multiple options in cancer treatments and advantages provided by OIMS in increasing survival rate of patients can lead to its adoption by hospitals and clinics. Growth in artificial intelligence and big data technologies may help OIMS evolve further. Lack of skilled personnel in the healthcare IT sector and unfavorable government policies can hamper market growth.
Increased usage of digital tools by doctors and healthcare professionals is projected to open up new avenues in oncology treatment. For instance, Elekta AB, a company specializing in clinical management of cancer, is expected to unveil its OIMS – Mosaiq Oncology Analytics – at the annual meeting of the American Society for Radiation Oncology (ASTRO). This system can purportedly eliminate any bottlenecks in information flow to enhance the efficiency of clinics and hospitals.
The global oncology information management system market is segregated on the basis of type, end user, and region. By type, the market is divided into software and professional services. Major market end users include research centers, governmental institutions, and hospitals and physicians’ offices.
Regions discussed in the oncology information management system market report include India, Japan, China, Southeast Asia, Europe, and North America. The India market is promising due to a variety of options by major manufacturers. Onco Health Information Management System (HIMS) is a software that stores electronic records of patients, from pre-diagnosis to post-treatment. The software can predict outcomes of treatment according to patient history as well as response rates of previous patients. Siemens and Varian have decided to collaborate in the market by offering hospitals and clinics a well-designed management solution. The Japan market is projected to thrive due to increasing cases of cancer and need for collation of cancer-related data in a common database for astute diagnosis of patients.
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The Europe oncology information management system market is set for rapid growth due to the proposal of a cancer information system by relying on data from regional and national cancer care registries. The design provides consumers comparative data with other countries and doctors to predict the probable rise of cancers. The North America market is set to expand at a steady growth rate as it is home to various oncology research centers and sophisticated healthcare infrastructure to be compatible with the latest version of OIMS.
Prominent players in the oncology information management system market include Elekta AB, Accuray Incorporated, Epic Systems Corporation, Koninklijke Philips N.V., and McKesson Corporation. The implementation of cloud and other software technologies to enhance customer experience is a major strategy used by these players to strengthen market hold. The integration of OIMS to other healthcare information systems is a future trend to access patient information through a common platform.
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