The Cancer Registry Software Market Size is valued at USD 76.07 Mn in 2022 and is predicted to reach USD 181.84 Mn by the year 2031 at a 10.3 % CAGR during the forecast period for 2023-2031.
Cancer registries play a crucial role in facilitating clinical research endeavours and ensuring the maintenance and improvement of patient care. Most nations employ population- and hospital-based cancer registries as tools for monitoring and documenting instances of cancer. Government agencies establish population-based registries in order to accomplish many goals, such as the timely identification of cancer cases, the monitoring of cancer trends, the implementation of cancer prevention strategies, the examination of treatment patterns and prognoses, and the implementation of cancer management initiatives. These registries offer a cost-effective means of evaluating cancer preventive activities to reduce cancer-related burdens in countries and regions.
The proliferation of cancer registries has experienced exponential growth in response to the escalating demand for cancer control measures. The projected increase in market growth is expected to be driven by the escalating incidence of cancer, improvements in healthcare standards, cost reduction in healthcare, and recent strategic initiatives undertaken by major industry participants, including introducing new products/services and mergers & acquisitions. Implementing an initiative offers a digital solution that enhances efficiency and affordability, improving infrastructure and reducing costs. Hence, it is expected that the market will experience growth as a result of the causes mentioned above.
Nevertheless, the spread of the sector will be constrained by apprehensions regarding the security and privacy of patient data. The growth of the cancer registry software business is expected to be impeded by numerous healthcare facilities' limited adoption of advanced software solutions. Moreover, both public and private cancer registries play a crucial role in advancing advanced cancer registry software and contribute to enhancing data quality.
Research institutions and pharmaceutical companies utilise cancer registries as supplementary resources for post-trial data collection in phase III and IV clinical trials. The enhancement of clinical research and healthcare assessment is expected to contribute to reducing the cancer burden, hence facilitating the expansion of the market in the projected timeframe.
Competitive Landscape:
Some major key players in the Cancer Registry Software Market:
- Elekta (Sweden),
- Electronic Registry Systems, Inc. (US),
- Onco, Inc. (US),
- C/NET Solutions (US),
- Rocky Mountain Cancer Data Systems (US),
- McKesson Corporation (US)
Market Segmentation:
The Cancer Registry Software market is segmented based on Software Type, Database Deployment Model, Product and End-User. The market is segmented as per the software type as stand-alone and integrated software. By database, the market is segmented into public data and commercial data. By deployment, the market segmentation is Cloud-based and On-premises.
The market is segmented by application into government organizations and third-party administrators, hospitals and medical practices, research centers, pharmaceutical, biotechnology companies & medical device companies, private players and research centers. Acording to functionality, the market is segmented as cancer reporting to meet federal regulations, patient care management, product outcome evaluation and medical research and clinical studies.
Based On Type, The Integrated Software Segment Is A Major Contributor To The Cancer Registry Software Market
The integrated software category will hold a major share of the global market of Cancer Registry Software. This is attributed to the growing usage of bioethanol as an alternative fuel in vehicles as it is cheap and environmental-friendly. According to the EIA Energy Information Administration, the number of vehicles is expected to reach 1.7 Mn by 2035, and liquid fuel consumption is expected to reach 21.9 Mn gallons per day in 2035 from 19.1 Mn barrels per day in 2009. Thus, there is a rise in the adoption of bioethanol as a transportation fuel & blending mandates by several regulatory bodies, such as the Renewable Energy Directive (EU RED) and Renewable Fuel Standard (EPA RFS), are mandatory. Additionally, increasing demand for bioethanol in the production of alcoholic beverages, such as beer, brandy, gin, vodka, and whiskey.
Cloud-Based Segment Witness Growth At A Rapid Rate
The segmentation by cloud-based is projected to grow rapidly in the global Cancer Registry Software market. The rising usage of cloud-based solutions was a prominent trend across various industries, including healthcare. The cancer registry software market is no exception to this trend. Cloud-based solutions can effortless scale up or down based on the needs of the cancer registry. This scalability allows healthcare institutions and cancer registries to adapt to changes in data volume and user requirements without significant infrastructure investments.
The North America Cancer Registry Software Market Is Expected To Register The Highest Market Share
The North America cancer registry software market is expected to record the maximum market share in terms of revenue shortly. Cancer incidence continues to increase in North America, placing a growing burden on healthcare systems. Cancer Registry Software is vital in tracking and reporting cancer cases, helping researchers and healthcare professionals monitor disease trends and plan effective interventions. Government agencies in North America support cancer research and prevention initiatives. These organizations often promote using cancer registry software to enhance cancer surveillance, streamline data reporting, and improve patient outcomes.
In addition, Asia Pacific is projected to grow rapidly in the global Cancer Registry Software market. As cancer rates increase, the demand for Cancer Registry Software to track and manage cancer cases also grows. Improving Healthcare Infrastructure: Many countries in the Asia Pacific region are investing in their healthcare infrastructure, including adopting digital technologies.
Cancer Registry Software Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 76.07 Mn |
|
Revenue Forecast In 2031 |
USD 181.84 Mn |
|
Growth Rate CAGR |
CAGR of 10.3 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Software Type, Database, Deployment Model, Functionality, End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Elekta (Sweden), Electronic Registry Systems, Inc. (US), Onco, Inc. (US), C/NET Solutions (US), Rocky Mountain Cancer Data Systems (US), and McKesson Corporation (US) |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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