Cancer Registry Software Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Cancer Registry Software Market is expected to grow at a significant rate of around 10.5% during the forecast period 2022-2028. 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 at a significant rate 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.

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 are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, Standalone Cancer Registry Software category to witness robust CAGR during the forecast period 2022-2028”

Based on type, the market is segmented into standalone and integrated. The standalone segment is expected to rise at a considerable rate during the forecast period. Standalone cancer registry software comes with the latest and most advanced features. It is also easy to use and operate. Standalone cancer registry software also helps reduce overhead. Therefore, all these factors are driving the growth of the segment.

“Amongst deployment, the on-premises to hold a significant share in the market in 2021”

On the basis of deployment, the market is bifurcated into on-premises and cloud. The on-premise segment dominated the cancer registry software market in 2021. On-premise cancer registry software is primarily used by research institutions that conduct cancer research. On-premise cancer registry software offers advanced features for easy data storage such as security and easy accessibility. On-premise cancer registry software is less risky compared to other types of models. As such, on-premise cancer registry software is widely used in hospitals and research centers.

Cancer Registry Software Market Report Coverage

 “North America to hold a significant share in the market”

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 IBM, Rocky Mountain Cancer Centers MCKESSON CORPORATION etc. In addition, government-funded efforts to support the development of cancer registries and heavy investments in healthcare IT are expected to have a significant impact on the market during the anticipation stage. Moreover, the increasing number of cancer patients in this region is expected to propel the market during the analysis period.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global cancer registry software market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Cancer Registry Software Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global cancer registry software market were the three major steps undertaken to create and analyze the adoption of cancer registry software in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global cancer registry software market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the cancer registry software market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the cancer registry software market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, deployment, functionality, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Cancer Registry Software Market. Further, we conducted factor analysis using dependent and independent variables such as type, deployment, functionality, and end-users of the cancer registry software. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the cancer registry software market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global cancer registry software market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the cancer registry software market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global cancer registry software market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global cancer registry software market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, deployment, functionality, and end-users in the global cancer registry software market.

The main objective of the Global Cancer Registry Software Market Study

The current & future market trends of the global cancer registry software market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the cancer registry software market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, deployment, functionality, and end-user.
• Define and analysis of the regulatory framework for the cancer registry software industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the cancer registry software market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Cancer Registry Software Market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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