The Infinium Global Research analyzes the Radiology Information Systems Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global radiology information systems market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of radiology information systems. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the radiology information systems market during the period. The global radiology information systems market is projected to grow at a CAGR of 6.3% over the forecast period of 2018-2024.
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The Radiological Information System (RIS) is the core system for the electronic management of imaging departments. The major functions of the RIS include patient scheduling, resource management, examination performance tracking, examination interpretation, results in distribution, and procedure billing. RIS complements HIS (hospital information systems) and PACS (picture archiving and communication system). It is critical to efficient workflow to radiology practices.
RIS is typically a database system that radiologists use to keep a record of patient data and image files. Radiology and imaging department generate large digital files. It helps to store and keep a track of the data for future references. Computerized medical systems allow interactive documents. The huge imaging data files generated in the course of diagnosis and treatment are required to be maintained in the electronic systems due to data safety and convenience. RIS facilitates to improve work efficiency, better patient coordination, reduction in medical errors, improved diagnosis, and streamlined administrative functions.
Growth of Healthcare IT Services, Technological Advancements, and Surging Prevalence of Chronic Diseases Drive the Market of the Radiology Information System
Radiological information systems support several features such as patient registration and scheduling, patient list management, and modality interface using worklists. Additionally, it supports workflow management within a department of radiology such as document scanning, result entry, digital reporting and paper-formatted export functionality, result transmission, including faxing and e-mailing of clinical reports. Further, it also supports patient tracking, interactive documents, and creation of technical files, modality and material management.
Factors such as the growth of healthcare IT services, technological advancements, and surging prevalence of chronic diseases drive the market of the radiology information system. In addition, continuous growth in the adoption of healthcare IT services in emerging economies is expected to create new opportunities for key players during the analysis period. However, shortages of experienced IT professionals in healthcare and interoperability issues are barriers that restrain market growth.
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North America Accounted for the Largest Market Share
Geographically, North America accounted for the largest market share, due to the well-established healthcare system in the region. Additionally, higher adoption of healthcare information technologies and the continuous increase in the number of chronic diseases are helping to grow this market in the North America region. However, Asia-Pacific is expected to emerge as the area with maximum growth potential due to the focus of key players in the emerging economies and improving healthcare infrastructure.
Segments in the Radiology Information Systems Industry
The report on global radiology information systems market covers segments such as type, component, deployment mode, and end user. On the basis of type, the global radiology information systems market is categorized into integrated radiology information systems and standalone radiology information systems. On the basis of component, the global radiology information systems market is categorized into services, software, and hardware. On the basis of deployment mode, the global radiology information systems market is categorized into web-based, on-premise, and cloud-based. On the basis of the end user, the global radiology information systems market is categorized into hospitals, office-based physicians, emergency healthcare service providers, and others.
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Key Players of the Radiology Information Systems Industry
The report provides profiles of the companies in the global radiology information systems market such as Allscripts Healthcare Solutions, Inc., Carestream Health, Inc, Cerner Corporation, Medinformatix, Inc., Epic Systems Corporation, Merge Healthcare Incorporated, GE Healthcare, Mckesson Corporation, Philips Healthcare, and Siemens Healthcare.
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- Comprehensive analysis of global as well as regional markets of the radiology information systems.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.