Radiology Information System Market, Size, Global Forecast 2022-2027, Industry Trends, Share, Growth, Overview, COVID-19 Impact, Company Analysis

Global Radiology Information Systems Market is Expected to Reach US$1,388.5 Million by 2027 Due to Growing Number of Cancer Cases

According Renub Research latest report by title “Radiology Information Systems Market, Size, Global Forecast 2022-2027, Industry Trends, Share, Growth, Overview, COVID-19 Impact, Company Analysis,” Radiology Information Systems Market will reach US$1,388.5 million in 2027. According to Globocan, 19,292,789 new cases of cancer and 9,958,133 cancer deaths were reported in 2020. An upsurge in cancer cases will focus on radiology departments for proper diagnosis to derive market demand for radiology information systems. Moreover, RIS is a computer system that provides effective business analysis and strategy in the radiology department. The system supports all business functions of the department, from patient management and accounting to inventory control. These systems are easy to use and simply accessible. Moreover, they offer advantages such as reliability, high security and privacy, and only authorized users can access them.

The radiology information systems market was US$843.9 million in 2021:

Drivers of RIS market growth include:

• Improved access to health care information technology systems.

• The increasing incidence rate of chronic diseases.

• Increasing public funding for cancer-related research.

Additionally, the burden of chronic diseases is increasing across the world, along with the growth of the aging population, and lifestyle disorders, such as arthritis, cancer, cardiovascular disease and diabetes, are a few -one of the major issues responsible for the growth of this market. .

The integrated radiological information system is expected to experience strong growth during the forecast period:

The Radiology Information Systems market is segmented by Type. It includes an integrated radiological information system and a stand-alone radiological information system. The Integrated Radiology Information System segment is expected to grow at the highest CAGR during the forecast period.

By deployment mode, it is segmented into web, on-premises and cloud. The web-based segment accounts for significant segmental revenue in the radiology information system market in 2021. The web-based RIS is developed to help link patient information to any desired destination to develop the clinical and business needs around the continuum of care.

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Radiology Information System Market Size is expected to grow at a CAGR of 8.65% from 2021 to 2027:

Based on geographical regions, the demand for radiology information systems is segmented into North America, Europe, Asia-Pacific, Middle East & Africa. North America has the largest market for radiology information system sales and provides the most compared to other regions. This is due to the increased demand from the diagnostic industry for faster, better and more efficient results.

Impact of COVID-19:

COVID-19 has had a significant impact on the radiology information system industry. In April 2020, according to the article “Impact of COVID-19 on Radiology Practices”, published in the Radiological Society of North America, approved policy measures to slow the transmission of COVID-19 have reduced the need for services of imagery.

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Additionally, CDC (Centers for Disease Control and Prevention) guidelines to postpone emergency outpatient visits during the pandemic have had a significant impact on screening services like lung cancer screening and mammography. , and the effect was seen across the radiology industry. This will likely impact the demand for SIRs as they are used to analyze data from radiology units.

Competitive Landscape:

Major players in the radiology information system market include Cerner Corporation, Mckesson Corporation, Varian Medical Systems Inc., Fujifilm Holdings Corporation, Hologic, Inc, General Electric, and Koninklijke Philips NV.

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