According to a new report published by UnivDatos Markets Insights, the Cancer Registry Software Market is expected to grow at a CAGR of around 10.5% from 2022-2028. The analysis has been segmented into Type (Standalone and Integration); Deployment (On-Premises and Cloud); Functionality (Cancer Reporting, Patient Care, Medical Research, and Others); End-User (Government, Private Players, Hospitals, Biotech Pharma, and Others) Region/Country.
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The cancer registry software market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the cancer registry software market. The cancer registry software market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Cancer Registry Software Market at the global and regional levels.
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Market Overview
Cancer registry software is a database or information system that helps collect information about cancer patients. One of the key factors driving the growth of the global cancer registry software market is the increasing incidence of cancer across the globe. For instance, according to the California Institute for Regenerative Medicine (CIRM) prostate cancer is the second leading cause of cancer death among men in the U.S., with a 60% occurrence rate in men over the age of 65. Approximately 61,860 patients are expected to die from prostate cancer in California in the year 2021. Cancer registry software helps track and monitor the health status of cancer patients. Data collected using cancer registry software helps researchers and doctors develop therapies to treat cancer. Therefore, the global cancer registry software market is expected to grow in the coming years.
In addition, rising geriatric population is also boosting the growth of the cancer registry software market during the forecast period. Data collected by cancer registry software helps stop the spread of cancer around the world. The software also helps governments track patients in specific locations and regions. As a result, this factor is supporting the growth of the global cancer registry software market.
Some of the major players operating in the market include Rocky Mountain Cancer Centers, MCKESSON CORPORATION, Netdox Health Pvt. Ltd, Elekta, IBM, C-Net Solutions, Ordinal Data Inc., Omega Healthcare, Energy & Resource Solutions, Conduent, Inc.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. the cancer registry software market has been significantly affected during these times owing to the diverted attention of the healthcare industry towards the pandemic. Resulting in the decline of cancer diagnoses during the pandemic, and chemotherapy, surgery, and other supportive cancer treatments also declined.
The global Cancer Registry Software Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the functionality, the market is segmented into cancer reporting, patient care, medical research, and others. The patient care segment is expected to grow significantly during the forecast period. Patient care management is a program that includes a variety of healthcare services that help patients monitor their condition, from primary care such as scheduling appointments to short-term case management and chronic illness management. The growing number of cancer patients is attributed to the segment growth during the forecast period.
· Based on end-user, the market is segmented into government, private players, hospitals, biotech pharma, and others. The government sector dominated the cancer registry software market in 2021. Governments in established and emerging countries have adopted cancer registry software on a large scale. This software helps in tracking and monitoring cancer patients in their respective regions. Added to this is government investment in implementing cancer registry software in hospitals is also expected to drive the market during the forecast period.
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Cancer Registry Software Market Geographical Segmentation Includes:
· North America (The U.S, Canada, and Rest of North America)
· Europe (Germany, The U.K., Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
The North American region is leading the cancer registry software market and is expected to maintain this during the forecast period. The presence of key market players in the region is expected to propel the cancer registry software market in the region such as Rocky Mountain Cancer Canters, IBM, MCKENSSON CORPORATION etc. Furthermore, government-funded efforts to support the development of cancer registries, and heavy investment in healthcare IT, are expected to significantly influence the market during the anticipation period. Moreover, the growing number of cancer patients in the region is also expected to drive the market during the analysis time period.
The major players targeting the market include
· Rocky Mountain Cancer Centers
· MCKESSON CORPORATION
· Netdox Health Pvt. Ltd
· Elekta
· IBM
· C-Net Solutions
· Ordinal Data Inc
· Omega Healthcare
· Energy & Resource Solutions
· Conduent Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Cancer Registry Software Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the cancer registry software market?
• Which factors are influencing the cancer registry software market over the forecast period?
• What are the global challenges, threats, and risks in the cancer registry software market?
• Which factors are propelling and restraining the cancer registry software market?
• What are the demanding global regions of the cancer registry software market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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