New analysis from Frost & Sullivan (healthcareIT.frost.com), Clinical Information Systems in Europe - Oncology, finds that the market was worth $13.62 million in 2007 and estimates it to reach $36 million in 2014.
"There is tremendous scope and opportunity for clinical information system vendors to provide oncology information solutions and services to make the healthcare industry more cost effective," notes Frost & Sullivan Research Analyst E. Sujith. "Oncology information solution vendors who can provide one-shop stop solutions for various types of clinical activities are positioned to make strong gains."
The healthcare industry is currently at a crossroads, with tremendous changes occurring in all areas. Oncology information systems will enable hospitals to reduce the overall cost of treatment, increase efficiency levels and reduce the time required for patient management.
Healthcare providers still need to be convinced about the benefits of these solutions though, as governments across Europe are in a cost-cutting mode. Clinical information systems vendors with highly scalable and cost-effective services and solutions will be able to capture the market.
Another key challenge facing the market is the varied types of billing systems across Europe. The healthcare industry, as a whole, is under intense pressure due to cost cutting and rapidly changing regulations. However, there has been a gradual realisation of the need to introduce greater synergy in oncology departments through oncology information systems.
Accordingly, there has been an increase in IT budgets year on year, as ever more oncology departments in Europe are being automated. Besides the billing aspects, there is a need to achieve higher ROI in the coming years.
"Oncology information systems offer a key route to systematically overhaul oncology departments across Europe," states Sujith. "However, the level of integration and investment required to realise this goal is high."
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the oncology clinical information systems in Europe, then send an email to Patrick Cairns, Corporate Communications, at pcairns_pr[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
Clinical Information Systems in Europe - Oncology is part of the Healthcare & Life Sciences IT Growth Partnership Service Programme, which also includes research in the following markets: European Bioinformatics Market and European Laboratory Information Systems Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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Clinical Information Systems in Europe – Oncology