The global radiology information system market size reached US$ 1.03 billion in 2023. Looking forward, the market is projected to reach US$ 1.80 billion by 2032, exhibiting a growth rate (CAGR) of 6.39% during 2023-2032.
A radiology information system (RIS) is an advanced database system that assists medical professionals in managing medical imagery and associated data generated during diagnosis and treatment. It also eases the process of booking an appointment and billing for patients and aids in improving workflow management, departmental productivity, customer services, and overall cost-efficiency. In addition, it relies on digital imaging and communications in medicine (DICOM), picture archiving and communication system (PACS), health level seven (HL7) to produce precise, consistent, and easy-to-understand reports that yield accurate results.
Additionally, the integration of information and technology (IT) in the healthcare industry for real-time communication between patients and doctors, easy access to health-related information, and rapid diagnosis of the disease is positively influencing the market. Apart from this, due to a rise in the demand for advanced diagnostic services and solutions that are economical and reliable, the sales of RIS are increasing around the world. This, in turn, is bolstering the growth of the market. Furthermore, key market players are introducing advanced cloud-based services to provide easy storage of bulk data, which is strengthening the growth of the market.
2. What is the expected growth rate of the global radiology information system market during 2024-2032?
3. What are the key factors driving the global radiology information system market?
4. What has been the impact of COVID-19 on the global radiology information system market?
5. What is the breakup of the global radiology information system market based on the type?
6. What is the breakup of the global radiology information system market based on the deployment mode?
7. What is the breakup of the global radiology information system market based on the end user?
8. What are the key regions in the global radiology information system market?
9. Who are the key players/companies in the global radiology information system market?
A radiology information system (RIS) is an advanced database system that assists medical professionals in managing medical imagery and associated data generated during diagnosis and treatment. It also eases the process of booking an appointment and billing for patients and aids in improving workflow management, departmental productivity, customer services, and overall cost-efficiency. In addition, it relies on digital imaging and communications in medicine (DICOM), picture archiving and communication system (PACS), health level seven (HL7) to produce precise, consistent, and easy-to-understand reports that yield accurate results.
Radiology Information System Market Trends
The growing prevalence of chronic diseases, such as cancer, arthritis, cardiovascular, and diabetes, on account of the increasing consumption of fast food and sedentary lifestyles of individuals represents one of the key factors driving the market. Moreover, there is a rise in the utilization of RIS in intraoral plate scanners, cone-beam computed tomography imaging, and intraoral and extraoral X-Ray systems. This, coupled with the escalating demand for interventional radiology techniques like magnetic resonance imaging (MRI), X-Rays, fluoroscopy, ultrasounds, and scanners, is propelling the market growth.Additionally, the integration of information and technology (IT) in the healthcare industry for real-time communication between patients and doctors, easy access to health-related information, and rapid diagnosis of the disease is positively influencing the market. Apart from this, due to a rise in the demand for advanced diagnostic services and solutions that are economical and reliable, the sales of RIS are increasing around the world. This, in turn, is bolstering the growth of the market. Furthermore, key market players are introducing advanced cloud-based services to provide easy storage of bulk data, which is strengthening the growth of the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global radiology information system market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, component, deployment mode, and end user.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
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. What was the size of the global radiology information system market in 2023?2. What is the expected growth rate of the global radiology information system market during 2024-2032?
3. What are the key factors driving the global radiology information system market?
4. What has been the impact of COVID-19 on the global radiology information system market?
5. What is the breakup of the global radiology information system market based on the type?
6. What is the breakup of the global radiology information system market based on the deployment mode?
7. What is the breakup of the global radiology information system market based on the end user?
8. What are the key regions in the global radiology information system market?
9. Who are the key players/companies in the global radiology information system market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Radiology Information System Market
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by Deployment Mode
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
- Siemens AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.03 Billion |
| Forecasted Market Value ( USD | $ 1.8 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
