Radiology Information System Market By Type (Integrated, Standalone), By Component (Hardware, Software, Services), By Deployment Mode (Web-Based, Cloud-Based, On-Premise), By End User (Hospitals, Office-Based Physicians, Healthcare Payers): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global radiology information system market size was valued at $1,051.6 million in 2020, and is projected to reach $2,141.5 million by 2030, registering a CAGR of 7.0% from 2021 to 2030. A radiology information system (RIS) is a computer networked software system used to manage the workflow of medical imagery and support business analysis in the radiology department. Radiology information systems typically consist of databases and a front-end RIS application that enhances efficiency of patient tracking and billing activities. Furthermore, radiology information systems help in appointment management and documentation.
The increase in number of patients suffering from chronic diseases, such as heart diseases, diabetes, arthritis and other diseases significantly increases owing to rise in geriatric population. Furthermore, rise in number of patients increase the demand for healthcare infrastructure. These factors positively influence the growth of the market. However, increase in concern regarding safety and security of patient data is a major restraint for the growth of the market. Furthermore, adaptation of cloud-based technologies and increase in investment in the healthcare industry provides lucrative growth opportunities for the market.
The radiology information system market is segmented on the basis of type, component, deployment mode, end user, and region. By product, the market is classified into integrated radiology information systems and standalone radiology information systems. On the basis of component, it is categorized into services, software, and hardware. On the basis of deployment mode, it is segmented into web-based, on-premise, and cloud-based. By end user, it is segmented into hospitals, office-based physicians and healthcare payers By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global market have adopted key strategies, such as product launch to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
The major market participants profiled in this report include Epic Systems Corporation, MedInformatix, Inc., GE Healthcare, Carestream Health, Inc., Cerner Corporation, Merge Healthcare Incorporated, Allscripts Healthcare Solutions, Inc., McKesson Corporation, Koninklijke Philips N.V., and Siemens Healthineers, Inc.
Key Benefits for Stakeholders
The report provides an extensive analysis of the current and emerging radiology information system market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the radiology information system market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global radiology information system market forecast analysis from 2021 to 2030 is included in the report.
The key market players within radiology information system market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the radiology information system industry.
Key Market Segments
By Type
Integrated
Standalone
By Component
Hardware
Software
Services
By Deployment Mode
Web-Based
Cloud-Based
On-Premise
By End User
Hospitals
Office-Based Physicians
Healthcare Payers
By Region
Europe
Germany
France
U.K.
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
North America
U.S.
Canada
Mexico
Key Market Players
General Electric Company
Allscripts Healthcare Solutions, Inc.
Carestream Health, Inc
Cerner Corporation
epic systems corporation
IBM
Koninklijke Philips N.V.
McKesson Corporation
MedInformatix, Inc
Siemens AG
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