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Radiology Information Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Radiology Information Systems Market

Radiology information systems (RIS) are a part of electronic health record systems and track a patient’s utilization of radiology services throughout a treatment procedure. These days, RIS utilize a software suite, with digitization of the process helping ensure accuracy and minimizing data loss due to manual errors. As a part of hospital information systems, RIS have immensely grown in importance in the last few years and have now become full-fledged components of the overall healthcare industry.

Radiology is a vital diagnostic tool for several diseases. Numerous imaging technologies, such as X-ray, ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), and positron emission tomography (PET), are included under the umbrella term of radiology and used for the diagnosis of a wide variety of diseases and skeletal conditions such as fractures. Interventional radiology, which consists of carrying out medical procedures with the aid of imaging technologies, is another important part of radiology used in medicine. The rising consumption of these vital procedures is fueling the global RIS market.

Global Radiology Information Systems Market: Overview

The primary driver of the global radiology information systems market is the rising demand for noninvasive diagnostic and curative means. Since radiology relies on various electromagnetic and other processes, it usually does not involve any incisions; this makes it preferable to the majority of modern-day patients. The rising prevalence of diseases such as cancer and bone disorders is also boosting the demand from the global radiology information systems market.

The rising demand for integrated RIS from the healthcare sector is the primary trend shaping the trajectory of the global market. Since integrated RIS are more comprehensive in their examination and thus more efficient, they have surpassed standalone RIS recently and are expected to remain the largest segment of the market in the coming years.

One of the major drivers propelling the global radiology information systems market is the rising number of mergers and acquisitions among medical imaging device manufacturers. Since most players in the healthcare devices market aim at regional expansion currently, increasing bulk demand from hospital chains has also emerged as a major growth driver for the global radiology information systems market.

Global Radiology Information Systems Market: Geographical Segmentation

The global radiology information systems market is led by North America. The developed countries in this region have established widespread and sophisticated healthcare infrastructures, enabling steady demand for advanced RIS. The rising demand for digitization in this region has also been beneficial for the regional radiology information systems market, along with the financial ability of the average consumer in North America to avail advanced treatments including radiology in various forms. While the demand for sophisticated medical infrastructure components is rising elsewhere, particularly in Asia Pacific, North America will retain a strong hold on the global radiology information systems market.

Major companies operating in the global radiology systems market include Carestream Health, Inc., Philips Healthcare, McKesson Corp., GE Healthcare, and Siemens Healthcare. The performance of major players in the Asia Pacific market for RIS is expected to be vital to their chances of dominating the global market in the near future.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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