U.S. Oncology Information Systems Market Size, Share, And Trends Analysis Report By Products & Services, By Application (Medical Oncology, Surgical Oncology, Radiation Oncology),- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

U.S. Oncology Information Systems Market Size and Trends

The U.S. oncology information systems market size was exhibited at USD 840.25 million in 2023 and is projected to hit around USD 1,684.06 million by 2033, growing at a CAGR of 7.2% during the forecast period 2024 to 2033.

Key Takeaways:

• The medical oncology segment accounted for the largest share of 60.84% in 2023.
• The surgical oncology segment is expected to witness the highest CAGR over the forecast period.
• The software segment accounted for the largest share of 73.25% in 2023.
• The professional services segment is expected to witness a considerable CAGR over the forecast period.

The growing prevalence of cancer among various demographics and rising demand for advanced innovative oncology information systems are some of the driving factors for the U.S. market. Oncology information solutions deployment is high in hospitals & cancer research institutes in the U.S. due to the rise in the prevalence of cancer and the increase in healthcare expenditure budget.

Report Scope of U.S. Oncology Information System Market

The U.S. accounted for over 31% of the global oncology information systems market in 2023. This region has proven to be competitive and a leading market for novel cancer treatment solutions. It is considered a pioneer in adopting cancer treatment-related devices and solutions. Cancer prevalence is rising in North America, accounting for the second leading cause of death in the U.S. As per the National Cancer Institute, in January 2019, the U.S. had a cancer caseload of 16.9 million and is estimated to reach 22.2 million by 2030.

The presence of nonprofit organizations in the country is boosting R&D efforts to introduce innovative oncology information systems and solutions. Additionally, the penetration and adoption of artificial intelligence in cancer treatment software solutions are estimated to create further growth opportunities in the market. Therefore, due to the increasing adoption of oncology information systems in the region, the rising prevalence of cancers, the increasing number of players, and consistent product innovations, the market is anticipated to grow at a substantial rate during the forecast period.

U.S. Oncology Information System Market By Application Insights

The medical oncology segment accounted for the largest share (60.84%) in 2023. This modality offers a comprehensive and efficient approach to treating cancer. Furthermore, the increasing prevalence of cancer is expected to drive market growth. Increasing usage of chemotherapy, immunotherapy, targeted therapy, and hormonal therapy for effective treatment of cancer is expected to drive market growth.

The surgical oncology segment is expected to witness the highest CAGR over the forecast period. Surgery is no longer the treatment for most solid malignancies, but the combination of surgery and multi-modal therapies mostly focused on radiotherapy, targeted molecular therapies, and chemotherapy is the preferred treatment. Some of the surgical procedures such as cytoreductive surgery, isolated limb perfusion, laparoscopic cancer surgery, and sarcoma surgery can be performed in highly specialized healthcare centers. Thus, increasing complexity in surgical treatments for solid malignancies is expected to drive the growth of the surgical oncology OIS market.

U.S. Oncology Information System Market By Products And Services Insights

The software segment accounted for the largest share of 73.25% in 2023. These software solutions facilitate the exchange of patient information across healthcare organizations to create a bridge between practitioners and radiology centers, which helps improve the safety and efficiency of cancer treatment. Companies such as Varian (Siemens Healthineers), Flatiron, and Elekta are developing innovative products by integrating solutions, including oncology-specific EMR. Hence, the software segment dominates the market as it helps streamline patient and data management processes, which can otherwise compromise data quality & participant safety.

The professional services segment is expected to witness a considerable CAGR over the forecast period. As hospitals and clinics lack the in-house resources and skills required for the deployment of OIS software, these services are outsourced. Outsourcing can be a short-term project or a long-term contract. Companies such as Varian (Siemens Healthineers), Elekta, eviCore Healthcare, and Asclepius Consulting are some of the major players providing professional services for cancer care globally.

Recent Developments

• In May 2022, RaySearch Laboratories collaborated with GE Healthcare to codevelop an advanced radiation therapy simulation and incorporate the latest advancements made in the field of treatment planning systems technology. Under this collaboration, RaySearch would integrate GE Healthcare’s multi-modality simulator in its RayStation treatment planning system.
• In June 2022, Accuray Incorporated and Limbus AI Inc. entered a strategic partnership to amalgamate Limbus’ AI-powered auto-contouring algorithms with Accuray’s adaptive radiotherapy capabilities. The two companies would focus on enhancing treatment planning process software solutions as part of the agreement.

Some of the prominent players in the U.S. oncology information systems market include:

• Elekta AB
• Accuray Incorporated
• Varian Medical Systems (Siemens Healthineers)
• RaySearch Laboratories
• Cerner Corporation (Oracle Corporation)
• BrainLab
• Philips Healthcare
• Prowess, Inc.
• DOSIsoft S.A.
• ViewRay Inc.
• MIM Software and Flatiron

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. oncology information systems market

Products And Services

• Software

• • Patient Information Systems
  • Treatment Planning Systems

• Professional Services

Application

• Medical Oncology
• Radiation Oncology
• Surgical Oncology