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Global Radiology Information System Market Is Expected To Foresee Significant Growth During The Forecast Period. North America to Witness the Highest Growth

The global radiology information system market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 7% during the forecast period (2021-2027F). A radiology information system (RIS) is a networked software system for managing medical imagery and associated data. A RIS is especially useful for tracking radiology imaging orders and billing information and is often used in conjunction with picture archiving and communication systems and hospital information systems to manage image archives, record-keeping, and billing

With the advancement in technology and integration of advanced systems in the diagnostic industry rises the demand for a better and more efficient system that connects the different segments of radiology such as patient reports, history, and others. Furthermore, the surging geriatric population along with the rising prevalence of chronic diseases among them has also catalyzed the market growth of the RIS systems for more efficient patient management. For instance, according to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice what it was in 1980 at 382 million.

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Based on the product, the market is categorized into an integrated type and a standalone type. The integrated category is anticipated to witness significant growth during the forecast period. This system integrates the various functions involved in managing patient information such as patient registration and scheduling into one comprehensive system, reduces the burden on the medical staff, and increases the efficiency of the system.

Based on the deployment mode, the market is categorized into web-based, on-premise, and cloud-based. The cloud-based segment grabbed major market share in the growth hormone drug market in 2020. The rising adoption of cloud-based services is mainly due to the Cloud-based tools can update and upgrade their features at a commendable pace with minimal intervention, and provides real-time updates on the relevant information.

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Based on the end-users, the market is categorized into hospitals & clinics, diagnostic centers, and others. The hospitals & clinics segment grabbed major market share in the growth hormone drug market in 2020. This is mainly owing to the increasing number of various chronic diseases which result in a rising number of patient data in which turn escalates the need for an integrated platform for managing hospital and clinic operations efficiently and effectively. For instance, as per the WHO, Chronic obstructive pulmonary disease is the third leading cause of death worldwide, causing 3.23 million deaths in 2019 and nearly 90% of COPD deaths in those under 70 years of age occur in low- and middle-income countries.

Additionally, the report provides detailed report also provides insights into the global radiology information system market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World. North America constitutes a significant market for the radiology information system industry. The presence of sophisticated healthcare infrastructure and a well-established IT industry in the region is attributed to the growth of the RIS market in the region. Furthermore, the presence of major players and frequent product launches is also catalyzing the market growth of radiology information systems in the region. For instance, in December 2021, Sirona Medical, a software company, announced the launch of a cloud-native radiology operating system (RadOS) at the 2021 Annual Meeting for the Radiological Society of North America (RSNA).

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NextGen Healthcare, GE HEALTHCARE, Koninklijke Philips NV, Bayer AG, Medinformarix Inc., Cerner Corporation, and Allscripts Healthcare Solutions, IBM Waston Health, LLC, PERFECT IMAGING, and Siemens AG. are some of the key players operating in the global Radiology information system market. Several M&As along with partnerships have been undertaken by these players to develop various types of radiology information systems.

Global Radiology information system Market Segmentation

Market Insight, by Deployment mode

• Web-based
• On-premise
• Cloud-based

Market Insight, by Product

  • Integrated Type
  • Standalone Type

Market Insight, by End-users

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • NextGen Healthcare
  • Koninklijke Philips NV
  • Bayer AG
  • Medinformarix Inc.
  • Cerner Corporation
  • Allscripts Healthcare Solutions
  • IBM Waston Health LLC
  • Siemens AG

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