IMARC Group, a leading market research company, has recently releases report titled “Radiology Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global radiology information system market share, growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Radiology Information System
A radiology information system (RIS) is a sophisticated database system for managing radiological data and images of patients. It comprises a wide variety of components, such as patient registration and management, radiology workflow management, billing and reporting, and document and image creation, modification, and add management. It is implemented by healthcare facilities to help their staff work more accurately, leading to fewer medical errors and transcription mistakes while developing more salient diagnoses. It also provides a robust system for storing and managing large amounts of digital files from the scanning department of hospitals and clinics.
How Big Is the Radiology Information System Market?
The global radiology information system market size reached US$ 967.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,518 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
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What are the growth prospects and trends in the Radiology Information System industry?
At present, the increasing demand for RIS due to rising construction of hospitals, clinics, and nursing homes around the world represents one of the significant factors influencing the market positively.
Besides this, the rising occurrence of cancer cases due to the adoption of unhealthy lifestyle habits, excessive smoking, and consumption of alcohol is contributing to the growth of the market. In addition, the growing automation of operations in the medical sector to increase productivity and efficiency is offering a favorable market outlook.
Apart from this, the increasing adoption of RIS to maintain smooth communication between physicians and imaging departments for better care coordination and timely diagnosis is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Integrated Radiology Information Systems
- Standalone Radiology Information Systems
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Deployment Mode:
- Web-based
- Cloud-based
- On-premises
Breakup by End User:
- Hospitals
- Office-Based Physicians
- Emergency Healthcare Service Providers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Advanced Data Systems Corporation, Allscripts Healthcare Solutions Inc., Cerner Corporation, Covetus LLC, Epic Systems Corporation, General Electric Company, International Business Machines Corporation, Kareo Inc., Koninklijke Philips N.V., Medinformatix Inc, Novarad and Siemens AG.
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