According to the report, the global radiology information system market was approximately USD 665 million in 2018 and is expected to generate around USD 1,135 million by 2025, at a CAGR of around 7.9% between 2019 and 2025.
New York, NY, July 03, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Radiology Information System Market by Deployment Mode (Web-Based, Cloud-Based, and On-Premises), by Product (Standalone and Integrated), and by End-User (Hospitals & Clinics, Outpatient Department Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global radiology information system market was approximately USD 665 million in 2018 and is expected to generate around USD 1,135 million by 2025, at a CAGR of around 7.9% between 2019 and 2025.
Radiology information systems provide immediate information that can be easily accessed, updated, and always available for those who need it. Radiology information systems are made of an integrated set of functions that are associated with a medical center’s database. Radiology information systems aids in managing operational and administrative functions concerning radiology. Radiology information systems perform various functions like results approval, reporting results, order requests, physical examination, registration, appointment scheduling, preparation of work lists, and system management. The global radiology information system market is propelled by increasing need for integrated healthcare information systems. Moreover, the development and adoption of more advanced information technologies and an increasing number of supportive government initiatives are projected to fuel the global radiology information system market growth. The rapid increase in the aging population and the subsequent rise in the number of chronic diseases will also drive this market over the forecast time period.
Browse through 54 Tables & 20 Figures spread over 110 Pages and in-depth TOC on “Global Radiology Information System Market Size & Trends 2018: Industry Type, Share, Segments, Analysis, and Forecast to 2025”.
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The radiology information system market is fragmented on the basis of deployment, product, and end-user. On the basis of deployment mode, the market includes web-based, on-premises, and cloud-based. The web-based segment is anticipated to dominate the market in the future, owing to the rising adoption of web-based healthcare IT services. The cloud-based segment is likely to register the fastest growth over the forecast time period, owing to its less operational costs and ease of data accessibility.
The product segment is divided into integrated and standalone. The integrated segment held a major share of the global market in 2018. Radiology information system (RIS) and picture archiving and communications systems (PACS) have their own databases, especially, if both systems are bought from distinct vendors.
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Hospitals and clinics, outpatient department (OPD) clinics, and others comprise the end-user segment of the global radiology information system market. Hospitals and clinics dominated the market, in terms of revenue, in 2018. This is due to the foremost installation of radiology information systems is in hospitals to uphold the patient record in the form of a database, which has comprehensive data for scheduling, image tracking, result reporting, and patient tracking.
North America dominated the global radiology information system market and held around 45% share in 2018, owing to an increasing number of chronic diseases, advanced healthcare IT infrastructure, and rising adoption of healthcare information technologies. The U.S. is the leading country in the region and is projected to maintain its dominance in the years ahead. An increasing number of radiologists and the introduction of new software systems by various market players will fuel the U.S. market over the forecast time period.
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Europe is likely to emerge as the second prominent market for radiology information system globally, owing to the growing investments made by major market players for R&D and ongoing innovations in medical technology. The UK is a vital country in this region, due to the increasing adoption of health information technology across the country’s healthcare centers.
The Asia Pacific region is anticipated to be a lucrative radiology information system market in the future, owing to the rising government initiatives for healthcare infrastructure developments. India and China are dominating the region’s radiology information system market. The Japanese radiology information system market will grow significant growth in the upcoming years. Furthermore, increasing outsourcing services to the Asia Pacific region along with rising awareness about the importance of managing workflow at hospitals, clinics, and diagnostic laboratories will also drive the region’s radiology information system market growth.
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The Middle Eastern and African and Latin American regions are huge potential markets, owing to improving healthcare IT facilities, rising awareness, increasing number of R&D activities, and growing opportunities provided by the government to companies to develop novel products for improved patient healthcare, especially in Brazil, South Africa, and Mexico.
Some major players of the global radiology information system market are Allscripts, Cerner Corporation, Epic Systems, McKesson Corporation, GE Healthcare, Siemens Healthcare, IBM Watson Health, Philips Healthcare, Merge Healthcare, and Medinformatix.
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This report segments the global radiology information system market into:
Global Radiology Information System Market: Deployment Mode Analysis
Global Radiology Information System Market: Product Analysis
Global Radiology Information System Market: End-User Analysis
Global Radiology Information System Market: Regional Analysis
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