Canadian oncology information system market was $60 million in 2018 and is anticipated to grow at a CAGR of 9.6% during the forecast period. Factors that are propelling the growth of the market include increasing healthcare expenditure coupled with the rising prevalence of diseases, such as cancer and diabetes. According to the Canadian Institute for Health Information (CIHI), in 2019, total health expenditure in Canada was anticipated to reach $264 billion, or $7,068 per person. It is anticipated that, overall, health spending will represent 11.6% of Canada’s GDP. Hospitals (26.6%), Drugs (15.3%) and Physicians (15.1%) are expected to continue to account for the largest shares of health dollars (close to 60% of total health spending) in 2019.

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The Canadian Oncology Information System market is segmented on the basis of oncology type and end-user. On the basis of oncology type, the market is segmented into medical oncology, radiation oncology, and surgical oncology. Medical oncology segment dominated the market in 2018 and is further estimated to continue the same trend over the forecast period. Medical oncology includes immunotherapy, chemotherapy, targeted therapy, and hormonal therapy. With the increasing number of cancer cases, the use of these therapies increases, which in turn, drives the segmental growth of the market.

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In addition, the key players such as Elekta AB, Verian Medical Systems, Inc., and Cerner Corp., contribute significantly to the segmental growth of the market. For instance, MOSAIQ Medical Oncology system offered by Elekta AB efficiently manage all the chemotherapy program, ranging from diagnosis to treatment post-follow-up. Additionally, it manages medical record of patient for multiple treatment types and reduces errors and inefficiencies. Furthermore, based on the end-user, the market is classified into hospitals and clinics, diagnostic centers, and others.

The Canadian Oncology Information System market is characterized with the presence of various players operating in the market. Some of the prominent players that contribute significantly in the market include Elekta AB, Cerner Corp., Koninklijke Philips N.V., Verian Medical Systems, Inc., Mckesson Corp., IBM Corp. and others. These players operate in very highly competitive environment and thus adopts various strategies to stay competitive in the market. Mergers and acquisitions, new product launch, geographical expansion, manufacturing capability expansion are some of the majorly adopted strategies by these market players. For instance, in July 2018, AdvancedMD, Inc. acquired Marietta, Georgia-based Nuesoft Technologies “NueMD”, a SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice. This acquisition was done to increase the company’s geographical presence in North America.

Canadian Oncology Information System Market Segmentation
Canadian Oncology Information System Market by Oncology Type
• Medical Oncology
• Surgical Oncology
• Radiation Oncology

Canadian Oncology Information System Market by End-User
• Hospitals & Clinics
• Diagnostic Centers
• Others (Research Institute)

Canadian Oncology Information System Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• Accuray, Inc.
• AdvancedMD, Inc.
• Allscripts Healthcare Solutions, Inc.
• Bizmatics, Inc.
• Carevive Systems, Inc.
• Cerner Corp.
• Elekta AB
• Epic Systems Corp.
• F. Hoffmann-La Roche AG
• IBM Corp.
• Koninklijke Philips N.V.
• Mckesson Corp.
• Medical Information Technology, Inc.
• RaySearch Laboratories AB
• Siemens AG
• Syapse Inc.
• Varian Medical Systems, Inc.


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