Cancer Registry Software Market size to grow by USD 54.20 million| Growing Prevalence of Cancer Cases to Emerge as Key Driver | Technavio

NEW YORK, Feb. 12, 2022 /PRNewswire/ — According to the market analysis report titled “Cancer Registry Software Market by Type and Geography – Forecast and Analysis 2021-2025“, the market will witness a YOY growth of 9.84% in 2021 at a CAGR of 11.19% during the forecast period. The report is segmented by type (stand-alone software and integrated software) and geography (North America, Europe, Asia, and ROW).

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Vendor Insights 

The cancer registry software market is concentrated, and the vendors are deploying growth strategies such as technological innovation to compete in the market. Market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.  

Vendors are mainly focusing on the development of technologically advanced cancer registry software, which can be utilized for both hospital-based and population-based cancer registries. For instance, F. Hoffmann-La Roche Ltd. offers NAVIFY which is a decision support software solution offering a cloud-based suite of workflow products, clinical decision support apps, and data-enabled analytics services to streamline processes and data management for supporting individualized treatment decisions.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • CNET Global Solutions Inc.
  • Conduent Inc.
  • ELECTRONIC REGISTRY SYSTEMS INC.
  • Elekta AB
  • F. Hoffmann-La Roche Ltd.
  • himagine solutions
  • International Business Machines Corp.
  • McKesson Corp.
  • Onco Inc.
  • Ordinal Data Inc

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

North America was the largest revenue-generating regional segment of the cancer registry software market in 2020. North America will generate growth across all the years of the forecast period between 2020 and 2025. The year-on-year growth during this period will vary between 10.37% and 11.57%. The majority of the market growth in this region is driven by the high adoption of technology, increasing burden of cancer cases, favorable government funding to encourage the development of cancer registries, growing investments in information technology in healthcare, and rising focus on value-based care. In addition, the increasing presence of prominent vendors and the use of EHRs in hospitals are driving the growth of the cancer registry software market in North America. US and Canada are the key markets for cancer registry software in North America.

Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/cancer-registry-software-market-industry-analysis 

Key Segment Analysis

The cancer registry software market is segmented by type into stand-alone software and integrated software. The stand-alone software segment held the largest cancer registry software market share in 2020. The growth of the segment can be attributed to the high flexibility, options of multiple usage systems, and features of automatic upgrades. Companies including Abstract Plus are offering tools including omicX, a data collection tool primarily used for supporting the abstraction of all data items of cancer diagnosis and treatment in national standard datasets.

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Key Market Drivers & Challenges: 

Growing prevalence of cancer cases is one of the key factors likely to drive the market positively during the forecast period. Medical researchers need up-to-date data related to cancer such as population diagnosed with cancer, patients undergoing treatment, and mortality rate to monitor trends and study the possible causes of cancer. Breast, cervical, and prostate cancers are highly prevalent among the population in US and European countries. Healthcare providers need data related to cancer incidences for decision making regarding the volume of equipment and medicines to be purchased for treatment and awareness. These factors will further drive the cancer registry software market’s growth during the forecast period.

However, data privacy and security concerns are crucial factors impeding the market growth. Risks associated with the disclosure of such data is expected to impede the growth of the market in focus during the forecast period. Government agencies are focusing on launching new regulations and laws for the safe handling of information. But any data theft or information leaks are anticipated to hamper the market’s growth in the upcoming years.

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Related Reports: 

Cancer Supportive Care Market by Therapeutic Area and Geography – Forecast and Analysis 2021-2025

Cancer Diagnostic Devices Market by Product and Geography – Forecast and Analysis 2021-2025

Cancer Registry Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.19%

Market growth 2021-2025

$ 54.20 million

Market structure

Concentrated

YoY growth (%)

9.84

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 48%

Key consumer countries

US, Germany, Italy, China, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

CNET Global Solutions Inc., Conduent Inc., ELECTRONIC REGISTRY SYSTEMS INC., Elekta AB, F. Hoffmann-La Roche Ltd., himagine solutions, International Business Machines Corp., McKesson Corp., Onco Inc., and Ordinal Data Inc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Stand-alone software – Market size and forecast 2020-2025
  • Integrated software – Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • Asia – Market size and forecast 2020-2025
  • ROW – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • CNET Global Solutions Inc.
  • Conduent Inc.
  • ELECTRONIC REGISTRY SYSTEMS INC.
  • Elekta AB
  • F. Hoffmann-La Roche Ltd.
  • himagine solutions
  • International Business Machines Corp.
  • McKesson Corp.
  • Onco Inc.
  • Ordinal Data Inc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us: 
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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SOURCE Technavio

Cancer Registry Software Market size to grow by USD 54.20 million| Growing Prevalence of Cancer Cases to Emerge as Key Driver | Technavio WeeklyReviewer

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