Cloud technology is expected to take the radiology information system market growth further ahead in the coming years. The system requires bulk data storage which can work offline as well. Cloud provides easy sharing and storage of bulk data. At the same time, non-invasive diagnostic and curative means are getting traction due to which the radiology information system can experience much preference in the healthcare sector.
The global radiology information system market size can expect a rise up to USD 1100 million with an impressive 8.20% CAGR during the forecast period (2018-2023). Market Research Future’s (MRFR’s) report on the same provides some insights on the segmental analysis and drivers that can veer the radiology information system market towards better prospect.
The radiology Information System Market is drifting towards an unprecedented market valuation with a growth that is almost double of its 2017 valuation. The technology has stirred a lot of feathers in recent times with its revolutionary impact in the healthcare sector. Its impact can be felt in the imaging technology mostly where the physicians now mostly rely on the radiology imaging as its accuracy is better than the rest available in the market.
Radiology Information System (RIS) Market Segmentation:
Radiology information system market analysis can be segmented by component, type, end-user, deployment, and region.
Deployment-based segmentation of the radiology information system market consists of on-premise and cloud-based/web-based.
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Type-wise segmentation of the radiology information system market comprises standalone radiology information system and integrated radiology information system.
Based on the end-users, the radiology information system market can be segmented into research & academic institutes, hospitals & clinics and others.
Radiology Information System (RIS) Market Competitive Analysis:
Companies making a name for themselves in the radiology information system indusrty are IMAGE information systems, Ambra health, Advanced data systems corporation, Carestream Health, eRAD, Epic systems, PERFECT Imaging, LLC, IBM Watson health, Allscripts healthcare solutions, Cerner Corporation, Medinformatix, Inc, Bayer AG, Koninklijke Philips N.V, GE healthcare, and NextGen Healthcare.
Radiology Information System (RIS) Market Regional Segmentation:
Region-specific analysis of the radiology information system market includes namely Asia Pacific (APAC), the Americas, the Middle East & Africa (MEA) and Europe.
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The Americas is driving the market forward at present. The trend is expected to remain the same during the forecast period. This can be attributed to the cost-effectiveness of EHRs, technological advancement level, rising investment in the healthcare sector and increasing adoption of cloud computing and web-based solutions to facilitate procedures & simplify workload.
Europe and the APAC can become profitable growth pockets for the radiology information system market. The regions together control almost a 74.8 % share of the global market.
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