Global Radiology Information Systems (RIS) Market expected to reach USD 1.2 billion

According to Data Bridge Market Research new Market report “Global Radiology information systems (RIS) Market, By Type (Integrated, Standalone), By Deployment Mode (Web Based, On-Premise, Cloud-Based), By End User (Hospitals, Office Based Physicians, Emergency Healthcare Service Providers), By Component, By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) - Trends and Forecast to 2022”, is expected to reach USD 1.2 billion by 2022, growing at a CAGR of 8.3% in the forecast period 2016 to 2022.

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The key objectives of the global radiology information systems market report is to identify market statistics with detailed classification in terms of revenue, understand the drivers and restrains for each market segment, and analyze the key trends related to types, components, deployment modes, and end users that impact the market growth. Top-down and bottom-up approaches were used to study this market; healthcare expenditure was the macro indicator used in this study.

Radiology information systems (RIS) are considered to be one of the basic systems for the electronic management of all the imaging departments. Within a radiology department, RIS helps in scheduling patient appointments, managing the resources, tracking examination performance, examination explanations, proper distribution of the results, and procedure billing.

A radiology information system (RIS) is a networked software suite for managing medical imagery and associated data. An RIS is especially useful for managing radiological records and associated data in multiple locations, and is often used in conjunction with a picture archiving and communication system (PACS) to manage workflow and billing. An RIS can track a patient’s entire workflow within the radiology department; images and reports can be added to and retrieved from electronic medical records (EMRs) and viewed by authorized radiology staff. 

Radiology Information Systems (RIS) Market - Market Segmentation:

The global RIS market is segmented based on product type, components, delivery mode and end-users.

By product type the market is segmented standalone and integrated RIS systems. The Integrated RIS segment dominated the global radiology information systems market in 2015.

On the basis of components the market is segmented into services and software market, the services segment dominate the market in 2015 and is expected to continue the same trend till 2022.

By delivery type the market is segmented into web based, cloud based and on premise segments. In 2016, the web based segment is expected to dominate the global RIS market; however the cloud based is expected to experience the highest growth in the forecast period. The on premise segment owing to its high installation and maintenance cost will remain limited throughout the forecast period.

On the basis of End-User the market is segmented into Hospitals, Office Based Physicians, Emergency Healthcare Service Providers.

Global Radiology Information Systems (RIS) Market

Radiology Information Systems (RIS) Market - Geographical Segmentation

Based on geography the global RIS market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising focus on healthcare data maintenance and integration among healthcare providers and payers.

The U.S. holds the lion’s share of the global RIS market, owing to factors such as growth in radiology automation, technological advancements, and government incentives. In addition to this, the increasing incidence/prevalence of life-threatening diseases such as cancer, cardiovascular diseases, HIV-AIDS, increasing population, and reimbursement programs result in larger amounts of data that have to be managed, thereby encouraging the growth of the RIS market globally. North America also harbors a majority of the manufacturers of this technology. The region has been conducting maximum research and implementation of products related to laboratory information systems.

Radiology Information Systems (RIS) Market -Competitive Landscape:

In-depth profiling of key players has been conducted along with recent developments (new product launches & partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the global radiology information systems (RIS) market. The key players in this global RIS market are Cerner Corporation, McKesson Corporation, Siemens Healthcare AG, Merge Healthcare, Allscripts, GE Healthcare, Philips Healthcare, and Epic Systems among others.

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