The Radiology Information Systems Market Size was valued at USD 1.16 billion in 2023 and is expected to reach USD 2.64 billion by 2032 and grow at a CAGR of 9.60% over the forecast period 2024-2032.
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).
Get more information on Radiology Information Systems Market - Request Sample Report
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
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).
By Deployment Mode
Web-based
On-premise
By Product Type
Integrated
Standalone
By End-Use
Hospitals & Clinics
Outpatient Department (OPD) Clinics
Need any customization research on Radiology Information Systems Market - Enquiry Now
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
Some of the major key players are 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. and other players.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.16 Billion |
Market Size by 2032 | US$ 2.64 Billion |
CAGR | CAGR of 6.9% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
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. |
Ans: The Radiology Information Systems Market size was valued at US$ 1.16 bn in 2023.
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
Ans: The Radiology Information Systems Market is growing at a CAGR of 9.60% over the forecast period 2024-2032.
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- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Hyperphosphatemia Treatment Market Size was valued at USD 1.33 billion in 2023, and is expected to reach USD 2.73 billion by 2032, and grow at a CAGR of 8.3% over the forecast period 2024-2032.
The Life Science Analytics Market Size was USD 9.89 Bn in 2023 and is expected to reach at USD 20.0 Bn by 2032, and develop at a CAGR of 7.61% by 2024-2032
The Stroke Diagnostics and Therapeutics Market was USD 37.5 Billion in 2023 and will reach USD 73.3 Billion by 2032 and grow at a CAGR of 7.74% by 2024-2032.
The Infusion Pump Rental Market Size was valued at USD 379.65 Million in 2023, and is expected to reach USD 567.32 Million by 2032, and grow at a CAGR of 5.03%.
The Cosmetic Surgery Market Size, valued at USD 56.8 billion in 2023, is projected to reach USD 94.5 billion by 2032, growing at a 5.8% CAGR.
The Women’s Wearable Fertility Monitors Market Size was valued at USD 3.02 Billion in 2023, and is expected to reach USD 7.03 Billion by 2032, and grow at a CAGR of 10.34% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone