Overview

Radiology Information Systems Market Introduction

Radiology information systems market is forecasted to value over US$ 1 billion by the end of 2027 and register at a CAGR of over 7% during the forecast period of 2020-2027.

Radiology is defined as a medical speciality linked with radiation for the treatment and diagnosis of any disease or injury through the use of imaging techniques (X-rays, MRI, CT Scan etc,.), Radiology information system (RIS) is enlightened database system maintained by radiology medical professionals used to manage the data of patient treatment programmes, the enormous image files, summaries and diagnostic results created during course treatment and diagnosis. This RIS is a special kind of electronic health record especially used in radiology to reduce patient entry errors, improves employee work accuracy, better communication with referred doctors and faster bill payment at the hospital.

Radiology information systems have witnessed tremendous demand over the past decade and it is expected to fuel the growth of radiology information systems market. The radiation information system is advantageous over traditional methods of data handling and validations. Where it decreased the manual effort and improved the efficiency of the process. Along with this, the radiation information system has huge applicability in healthcare settings for better management of radiation data. Further, increasing capital investment by healthcare sectors has created potential opportunities for robust growth of the market. Additionally, it improves patient care and helps in better management of medical indications. All these factors led to significant growth of the market.

Radiology information system market is dominated by North America and Europe due to high adoption among the end users. Further, they are expected to remain dominant throughout the forecast period. The Asia Pacific is expected to create a lot of opportunities for manufacturers due to the high patient population. Latin America and Rest of World radiology information systems market are expected to account a small share in the global market.

Radiology Information Systems market is expected to witness new product launches by a later phase of the forecast period.

Market players include Elekta AB, Varian Medical Systems, Inc. Koninklijke Philips N.V., Allscripts Healthcare Solutions, Carestream Health, Inc., Cerner Corporation, Medinformatix, Inc. Epic Systems Corporation, Merge Healthcare Incorporated, Mckesson Corporation, Siemens Healthcare.

Global Radiology Information Systems Market Segmentation :

By Component

Services
Software
Hardware

By Deployment

On-premise
Remote
Cloud-Based

By End User

Hospitals
Diagnostic Laboratories
Outpatient Centres
Clinics

By Region

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on global radiology information systems market by component, deployment type, end-user and region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies