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Radiology Information Systems Market

Radiology Information Systems Market Size, Share & Segment By Deployment Mode (Web-based, On-premise, Cloud-based), By Product Type (Integrated, Standalone), By End-Use (Hospitals & Clinics, Outpatient Department (OPD) Clinics), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2318 | July 2022 | Region: Global | 134 Pages

Report Scope & Overview:

The Radiology Information Systems Market Size was valued at USD 11301 million in 2021, and is expected to reach USD 18028 million by 2028, and grow at a CAGR of 6.9% over the forecast period 2022-2028.

A networked software system called a radiology information system (RIS) is used to manage medical images and the data they are connected with. A picture archiving and communication system (PACS) is frequently used in conjunction with a RIS to manage workflow and billing. An RIS is especially helpful for handling radiological records and associated data in many locations. Within the radiology division, a RIS can monitor a patient's complete workflow. The authorized radiology staff can access these records and add to and get images and reports from electronic medical records (EMRs).

Radiology Information Systems Market

MARKET DYNAMICS

DRIVERS

  • Rise in the rate of chronic illness transmission

  • Increased accessibility to medical information technology systems

  • Increasing financial assistance from the government

  • The elderly population is growing as a result of the expanding population.

  • Another element that will boost the likelihood of worldwide market expansion is an increase in the dangers of getting diseases and the emergence of serious lifestyle conditions.

RESTRAINTS

  • Lack of knowledge

  • People frequently disregard their health and fail to schedule their examinations in a timely manner.

OPPORTUNITIES

  • The incorporation of AI in RIS is anticipated to provide profitable growth.

  • better medical attention for patients and reliable radiologist support.

CHALLENGES

  • Exorbitant Installation Cost

  • Lack of Skilled Workers

IMPACT OF COVID-19

Given that it has killed countless loved ones worldwide, cancer is one of the most feared diseases in the world. The new coronavirus has claimed lives and diverted medical professionals' and healthcare workers' focus on treating COVID-19-positive patients ever since it was deemed a public health emergency and a pandemic.

The government is eliminating the restrictions and rerouting funding towards the creation of vaccines and medications tailored to certain diseases. As a result, specialists in oncology and radiology are resuming their work, promising a more effective use of equipment and resources to gather information that will be helpful to the intended audience.

By Deployment Mode

In terms of revenue share, the web-based category dominated the radiology information system market as a whole. Web-based RIS is made to adapt to changing clinical and operational requirements across the continuum of care and to connect patient data to wherever it is needed. For instance, McKesson's RIS improves physician productivity and care quality by incorporating a variety of Electronic Health Records (EHR) and providing cloud-based and server-based solutions.

A complete radiology programme can be created by combining artificial intelligence (AI) algorithms with cloud-based RIS. These AI tools can be connected with any other AI tool from a third party and allow doctors to diagnose patients more quickly and accurately.

By Product Type

The market for the product segment was headed by integrated RIS. In particular, if the two systems are bought from different manufacturers, RIS and PACS both have their own databases. A single worklist created during registration is part of the RIS-PACS solution in integrated RIS, which enhances workflow procedures throughout the business platform.

To keep track of specific images and their ancillary data, radiology service providers have traditionally employed RIS. But with the widespread use of EHR platforms, digitised imaging, and PACS systems, radiology departments now incorporate a thorough clinical workflow of the entire hospital within the RIS.

By End-Use

 Hospitals and clinics were the segment's dominant end-use. The majority of RIS systems are installed in hospitals to keep patient records current in the form of databases that provide complete data for scheduling, patient tracking, picture tracking, and result reporting.

Large healthcare IT companies are involved in the integration of every hospital database that links every piece of technology in a care facility. For instance, Infosys' hospital information system emphasizes EMR and IT-driven clinical transformation while also incorporating RIS, Pharmacy Information System (PIS), Laboratory Information System (LIS), and Practice Management System to optimize value for products (PMS).

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Allscripts Healthcare Solutions, Inc., Cerner Corporation, epic systems corporation, Carestream Health, Inc, General Electric Company, McKesson Corporation, IBM, Koninklijke Philips N.V., Siemens AG, MedInformatix, Inc.

MARKET SEGMENTS

By Deployment Mode

  • Web-based

  • On-premise

By Product Type

  • Integrated

  • Standalone

By End-Use

  • Hospitals & Clinics

  • Outpatient Department (OPD) Clinics

Radiology Information Systems Market

REGIONAL ANALYSIS

Compared to other regions, North America is the largest contributor to the sale of radiology information systems. This is a result of the growing demand for the diagnostic industry for better, faster, and more effective results.

Due to increased investment in health care infrastructure and the growing need for the treatment and diagnosis of chronic diseases, Asia Pacific is predicted to have a growing need for radiological information systems. Through several partnerships, acquisitions, and mergers, China has made significant investments in the Australian health system, which has had a positive impact on the sales of radiology information systems.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Radiology Information Systems Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11301 Million
Market Size by 2028 US$ 18028 Million
CAGR CAGR of 6.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Deployment Mode (Web-based, On-premise, Cloud-based)
• By Product Type (Integrated, Standalone)
• By End-Use (Hospitals & Clinics, Outpatient Department (OPD) Clinics)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Allscripts Healthcare Solutions, Inc., Cerner Corporation, epic systems corporation, Carestream Health, Inc, General Electric Company, McKesson Corporation, IBM, Koninklijke Philips N.V., Siemens AG, MedInformatix, Inc.
KEY DRIVERS • Rise in the rate of chronic illness transmission
• Increased accessibility to medical information technology systems
• Increasing financial assistance from the government
Restraints • Lack of knowledge
• People frequently disregard their health and fail to schedule their examinations in a timely manner.


Frequently Asked Questions (FAQ) :

 Compared to other regions, North America is the largest contributor to the sale of radiology information systems.

Integrated, and Standalone are the sub segments of Radiology Information Systems market.

Key drivers of the Radiology Information Systems Market is Increased accessibility to medical information technology systems, Increasing financial assistance from the government 

 A networked software system called a radiology information system (RIS) is used to manage medical images and the data they are connected with. A picture archiving and communication system (PACS) is frequently used in conjunction with a RIS to manage workflow and billing.

 Radiology Information Systems Market Size was valued at USD 11301 million in 2021, and expected to reach USD 18028 million by 2028, and grow at a CAGR of 6.9% over the forecast period 2022-2028. 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Radiology Information Systems Market Segmentation, By Deployment Mode

8.1 Web-based

8.2 On-premise

8.3 Cloud-based

 

9. Radiology Information Systems Market Segmentation, By Product Type

9.1 Integrated

9.2 Standalone

 

10. Radiology Information Systems Market Segmentation by End-Use

10.1 Hospitals & Clinics

10.2 Outpatient Department (OPD) Clinics

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 Allscripts Healthcare Solutions, Inc

              12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Cerner Corporation

12.3 epic systems corporation

12.4 Carestream Health, Inc

12.5 General Electric Company

12.6 McKesson Corporation

12.7 IBM

12.8 Koninklijke Philips N.V.

12.9 Siemens AG

12.10 MedInformatix, Inc.

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

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Secondary Research

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