Global Radiology Information System Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Radiology Information System industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Radiology Information System barriers, and feasibility study are the vital aspects evaluated in this report.
Global Radiology Information System Market is expected to
reach USD 980.2 million by 2024. Radiology Information System (RIS) is a
networked software system for handling medical imagery and linked data. The
system is mainly used for tracking billing information and radiology imaging
orders, and also used in association with VNAs and PACS (picture archiving and
communication system) to achieve billing, image archives, and record-keeping.
Its main function in the sector of billing, patient management, image tracking,
scheduling, results reporting, and patient tracking. The Radiology Information
System Market is estimated to grow at a significant CAGR over the future period
as the scope and its applications are rising enormously across the globe.
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Growing occurrence of chronic diseases and trauma
patients, rising mergers of healthcare facilities, and group buying by secluded
hospitals are documented as major factors of Radiology Information System that
are estimated to enhance the growth in the years to come. The Market is
segmented based on type, component, deployment mode, end user, and region.
Standalone RIS and integrated RIS are the two main types
that could be explored in Radiology Information System in the forecast period.
The integrated RIS sector accounted for the largest market share and is
estimated to lead the overall market in the coming years. Also, the segment is
estimated to grow at highest CAGR in the coming years.
Hardware, services, and software are the components that
could be explored in Radiology Information System in the foremost period.
Cloud-based, web-based, and on premise are the deployment modes that could be
explored in the foremost period. The market may be categorized based on end
users like office-based physicians, emergency healthcare service providers, and
others that could be explored in the future period.
Globally, North America accounted for the largest market
share of Radiology Information System industry and is estimated to lead the
overall market in the coming years. The reason behind the overall market growth
could be quality, cost, and productivity in the healthcare IT system. The
United States is a major consumer of Radiology Information System in this
region as high demand for diagnostic imaging. Also, growing occurrence of
chronic diseases, increasing demand by physicians, and patients, promising compensation
policy, and presence of modern or latest technology are factors driving market
in the region.
The key players of Radiology Information System Market
are Epic Systems, Cerner Corporation, Philips Healthcare, McKesson Corporation,
GE Healthcare, Merge Healthcare, and Allscripts Healthcare Solutions, Inc.
These players are concentrating on inorganic growth to sustain themselves
amongst fierce competition. As such, mergers, acquisitions, and joint ventures
are the need of the hour.
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