WASHINGTON, June 06, 2022 (GLOBE NEWSWIRE) -- In recent years, changing lifestyles, diets and habits such as alcohol consumption and cigarette smoking have increased the percentage of cancer patients. Along with the rise in the geriatric population and rising prevalence of cancer patients, demand for cancer registry software is increasing. Moreover, government pressure to improve quality of care and reduce health care costs is further demanding for the Cancer Registry Software Market to flourish during the forecast period.
The Global Cancer Registry Software Market revenue is expected to reach a value USD 85.9 Billion in the year 2028.
The Global Market revenue stood at a value USD 52.1 Billion in the year 2021 and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period; states Vantage Market Research, in a report, titled “Cancer Registry Software Market Size, Share & Trends Analysis Report by Type (Standalone Software, Integrated Software), by Deployment Model (On-premise, Cloud-based), by Database (Commercial Databases, Public Databases), by Functionality (Cancer Reporting to Meet State & Federal Regulations, Patient Care Management, Product Outcome Evaluation, Medical Research and Clinical Studies), by End-User (Government Organizations & Third-party Administrators (TPAS), Hospitals & Medical Practices, Pharmaceutical, Biotechnology, & Medical Device Companies, Private Payers), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Market Dynamics:
Driver: Increasing Prevalence of Cancer & Growing Government Initiatives
Rising cases of cancer has generated a need for cancer registry software. The estimated number of cancer deaths in 2021 is approximately 1.9 million. The cancer registry software helps in creating awareness and reducing the burden of cancer. Major global population is incapable of funding for cancer treatment. This software helps generate funds and increases the number of managed care organizations. Growing computerized healthcare-controlled systems, population health management and the presence of health information exchange services, are contributing to the market’s growth. Furthermore, government organisations are generating funds and programs for encouraging cancer registry software which inturn is helping the market to grow during the forecast period.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Cancer Registry Software market is predicted to grow at a CAGR of roughly 8.7% during the forecast period.
- The Cancer Registry Software market was estimated to be worth roughly USD 52.1 Billion in 2021 and is expected to reach USD 85.9 Billion by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Cancer Registry Software market.
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Segmentation of the Global Cancer Registry Software Market:
- Type
- Standalone Software
- Integrated Software
- Deployment Model
- On-Premise
- Cloud-Based
- Database
- Commercial Databases
- Public Databases
- Functionality
- Cancer Reporting to Meet State & Federal Regulations
- Patient Care Management
- Product Outcome Evaluation
- Medical Research and Clinical Studies
- End-User
- Government Organizations & Third-Party Administrators (TPAS)
- Hospitals & Medical Practices
- Pharmaceutical, Biotechnology, & Medical Device Companies
- Private Payers
- Research Centers
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Restrain: Privacy and Data Security Hinders the Market Growth
Cancer registry software contains important patient data and personal information. This helps healthcare professionals to diagnose. Most of the information includes social data, marital status, important contacts, bank details and others. The risk of privacy and hacking might create major concern among patients, thus refraining from registering with the software. Thus, cancer registry software might prove to be unsafe and riskful for data security. This factor might slow down the market to some extent.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the healthcare industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020.
Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
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The report on Cancer Registry Software Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
North America Dominates the Global Cancer Registry Software Market
North America held the largest market share in 2021. Factors such as an increasing burden of cancer, government funding programs, developed healthcare infrastructure such as health insurance, highly skilled healthcare professionals and advanced technology for security and privacy make the market flourish in this region. According to the world health organisation, the U.S. is considered to be the second largest cause of cancer in the globe. This makes the market to grow at a faster rate in this region.
Recent Developments
In November 2018, Onco upgraded the Onco Log Version 4.4.0 to include the newest requirements mandated by NAACCR, AJCC, CoC, and SEER
In January 2018, Elekta entered into a collaboration with IBM Watson Health to incorporate Watson for Oncology with Elekta’s cancer care solutions.
In April 2017, McKesson Corporation acquired Cover My Meds (US) to enhance its technology offerings to clinicians, payers, and pharmaceutical manufacturers
List of Prominent Players in 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)
Browse market data Tables and Figures spread through 150 Pages and in-depth TOC on "Cancer Registry Software Market Size, Share & Trends Analysis Report by Type (Standalone Software, Integrated Software), by Deployment Model (On-premise, Cloud-based), by Database (Commercial Databases, Public Databases), by Functionality (Cancer Reporting to Meet State & Federal Regulations, Patient Care Management, Product Outcome Evaluation, Medical Research and Clinical Studies), by End-User (Government Organizations & Third-party Administrators (TPAS), Hospitals & Medical Practices, Pharmaceutical, Biotechnology, & Medical Device Companies, Private Payers), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/cancer-registry-software-market-900618
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Cancer Registry Software Market?
- How will the Cancer Registry Software Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Cancer Registry Software Market?
- What is the Cancer Registry Software market drivers and restrictions?
- What will be the CAGR and size of the Cancer Registry Software Market throughout the forecast period?
This market titled “Cancer Registry Software Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered | • Type • Standalone Software • Integrated Software • Deployment Model • On-Premise • Cloud-Based • Database • Commercial Databases • Public Databases • Functionality • Cancer Reporting to Meet State & Federal Regulations • Patient Care Management • Product Outcome Evaluation • Medical Research and Clinical Studies • End-User • Government Organizations & Third-Party Administrators (TPAS) • Hospitals & Medical Practices • Pharmaceutical, Biotechnology, & Medical Device Companies • Private Payers • Research Centers • Region • North America • Europe • Asia Pacific • Latin America • Middle East & Africa |
| Region & Counties Covered | • North America • U.S. • Canada • Mexico • Europe • U.K. • France • Germany • Italy • Spain • Rest Of Europe • Asia Pacific • China • Japan • India • South Korea • South East Asia • Rest Of Asia Pacific • Latin America • Brazil • Argentina • Rest Of Latin America • Middle East & Africa • GCC Countries • South Africa • Rest Of Middle East & Africa |
| Companies Covered | • Elekta (Sweden) • Electronic Registry Systems Inc. (US) • Onco Inc. (US) • C/NET Solutions (US) • Rocky Mountain Cancer Data Systems (US) • McKesson Corporation (US) |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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