Global Radiology Information Systems Market - Forecast(2021 - 2026)

Report Code: HCR 14278 Report Format: PDF + Excel (Delivery in 48 Hrs)

Radiology Information Systems Market Overview

Radiology Information Systems Market size is anticipated to reach $1,620.5 million by 2026, growing at a CAGR of 9.8% during the forecast period 2021-2026. The Radiology Information Systems Industry growth rate is attributed to the improved IT programs for healthcare, increased prevalence rates of chronic diseases, and increased government support for cancer-related research and is anticipated to bring new opportunities. Radiology Information Systems is a technology that enables physicians and radiologists to maintain a full electronic record of patient history and medical imaging data. Often referred to as RIS, Radiology Information Systems is essentially a measure of electronic health record systems that track the usage of radiology services by a patient during a care process. Radiology information systems provide software and hardware that is the central framework for all hospital-wide electronic control of imaging departments. Processes such as inventory control, patient scheduling, success monitoring of tests, delivery of reports and billing of procedures. The adoption of Radiology Information Systems is bode by the computerized medical imaging provides interactive documents that are secured and convenient. These documents can be accessed across various healthcare departments. RIS provides a communication link between primary physicians and imaging departments for better care coordination, which can be beneficial for timely diagnosis or treatments to the patients. Furthermore, healthcare providers using certified RIS software is eligible to receive financial incentives. However, owing to the shortage of experienced IT professionals in healthcare and interoperability issues are the major barriers that restrain the market growth.

Report Coverage

The report: “Radiology Information Systems Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Radiology Information Systems Market:

By Platform Type: Integrated and Standalone.
By Deployment Mode: Web based, On-Premise, Cloud-Based.
By Component Type: Services, Hardware, and Software.
By End User: Hospitals, Ambulatory Surgical Centers, Outpatient Department (OPD) Clinics, Diagnostics Labs and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), South America(Brazil, Argentina and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • North America dominated the Radiology Information Systems Market with a share of 37.2% in the year 2020.
  • The factors such as rising population, investments in R&D activities, rising number of radiology professionals and practices, preference for web-based solutions are amongst the major factor projected to impel growth of Radiology Information Systems Market.
  • Technological advancements and surging prevalence of chronic diseases are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

Radiology Information Systems Market Segment Analysis - By Deployment Mode

On the basis of deployment mode, web-based segment accounted for the largest segmental revenue of the Radiology Information Systems market in 2020. In order to develop clinical and business needs across the continuum of care, web-based RIS is designed to help link patient information to any desired destination. McKesson's RIS, for example, features a wide variety of Electronic Health Records (EHR) and provides cloud-based and server-based solutions, improving the workflow of physicians and quality care.

On the contrary, cloud-based segment of graft substitute type is anticipated to witness significant growth along the forecast period 2021-2026 owing to increasing usage technical solutions, such as radiology information systems and analytical sources, strengthened healthcare institutions and services, the modernization of operations and approaches. On external servers, cloud-based systems store data where it can be accessed through the network, needing only a device with an internet connection..

Global Radiology Information Systems Market, By Component Type 2020(%)

 

Radiology Information Systems Market Segment Analysis - By End-User

On the basis of end-user, hospitals segment accounted for the largest segmental revenue of the Radiology Information Systems market in 2020 owing to an increased number of major installations of RIS is in hospitals to maintain the patient record in the form of a database that consists of comprehensive data for scheduling, patient tracking, image tracking, and result reporting. The integration of all hospital databases that connect all the systems and equipment of a care environment involves major healthcare IT companies. For instance, Infosys hospital information system focuses primarily on EMR and IT-driven clinical transformation to optimize product value by including RIS, Laboratory Information System (LIS), and Pharmacy Information System (Pharmacy Information System) (PIS). All these factors are anticipated to stimulate market growth during the forecast period 2021-2026.

However, the Outpatient Department (OPD) Clinics are poised to hold the highest growth rate with a CAGR of 9.89% over the forecast period 2021-2026. This is owing to the facts that increased demand for diagnostic and curative drugs that are not invasive. Since radiology relies on various electromagnetic and other processes, it typically does not require any incisions; this makes it preferable to the majority of modern-day patients, and is anticipated to support the growth of dental healthcare in the Radiology Information Systems Market.

Radiology Information Systems Market Segment Analysis - By Geography

North America is the major region dominating the Radiology Information Systems market with a market share of 37.2% in the year 2020. This can be attributed to the advancement in the RIS, an increase in the number of radiologists and the introduction of new software systems by current providers. The launch of comprehensive RIS with integrated PACS has made the medical imaging procedure systematic and easier resulting in patient compliance over the forecast period 2021-2026. Furthermore, radiology information systems are used for patient administration, examination, reporting, statistics, and system administration which displays, stores, retrieves, transfers, exchanges, and prints Radiology orders, results, and reports are anticipated to make this a lucrative segment by signaling tremendous potential in the region.

However, Asia-Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to the rising number of outsourcing services in the Asia Pacific along with growing awareness about the importance of workflow management at hospitals, clinics, and diagnostic laboratories is responsible for the growth of the Radiology Information Systems market.

Radiology Information Systems Market Drivers

Rapid Rise in the Elderly Population

The Radiology Information Systems market is poised to receive an upswing owing to an exponential rise in the aging population has contributed to an increase in chronic diseases. In addition, the market for diagnostic services, including medical imaging services are substantially growing. There is, therefore, a great need for economical, fast, and effective healthcare solutions and services.

Radiology Information Systems Market Challenges

Increasing Concerns Regarding the Patient Data Safety & Security

Despite several drivers, the increase in the threat of cyber-attacks, and the potential misuse of patient-related confidential data hinders the growth of RIS adoption and market growth to a certain extent. The leading countries in cybercrime are the U.S. and China, led by Germany and Britain. The Office of the National Coordinator for Health Information Technology (ONC) in the United States recently funded $250,000 to protect sensitive cyber threat patient information and ensure the safe exchange of information between healthcare organizations, which in turn is poised to impact the revenue growth in the forecast period 2021-2026.

Radiology Information Systems Industry Outlook

Product launches, mergers, and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Radiology Information Systems Market. In 2020, Radiology Information Systems Market share is fragmented by the top ten players present in the market. Radiology Information Systems Market top 10 companies are Allscripts; Cerner Corporation; Epic Systems Corporation; McKesson Corporation; GE Healthcare; Siemens Healthcare; Philips Healthcare; Merge Healthcare; MedInformatix, Inc. and others.

Acquisitions/Product Launches

  • In February 2020, Radiologex Foundation launched Radiologex, a software ecosystem for the healthcare industry that encompasses productivity tools; clinical information systems; medical imaging processing and storage; entire payment settlement and lending/finance systems.
  • In October 2019, Canon Medical Systems ANZ received a US$ 47.2 million contract to roll out a new medical imaging system for Washington Health, replacing the state's old Agfa RIS and picture archiving and communication (PACS) systems.

Relevant Reports:

Digital Imaging Market - Forecast(2021 - 2026)
Report Code: HCR 1283

Healthcare Information Systems Market - Forecast(2021 - 2026)
Report Code: HCR 0041

For more Lifesciences and Healthcare Market reports, Please Click here

1. Radiology Information Systems Market Overview
    1.1 Definitions and Scope
2. Radiology Information Systems Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Platform Type
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Radiology Information Systems Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Patent Analysis
    3.4 Average Pricing Analysis
4. Radiology Information Systems Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Radiology Information Systems Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Radiology Information Systems Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Radiology Information Systems Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
    7.4 Supplier and Distributor Analysis
8. Radiology Information Systems Market – By Platform Type (Market Size –$Million/$Billion)
    8.1 Integrated
    8.2 Standalone
9. Radiology Information Systems Market – By Deployment Mode (Market Size –$Million/$Billion)
    9.1 Web based
    9.2 On-Premise
    9.3 Cloud-Based
10. Radiology Information Systems Market – By Component Type (Market Size –$Million/$Billion)
    10.1 Services
        10.1.1 Consulting Services
        10.1.2 Custom Application Development
        10.1.3 System Integration
        10.1.4 Support and Training Services
        10.1.5 Others
    10.2 Hardware
    10.3 Software
11. Radiology Information Systems Market – By End User (Market Size –$Million/$Billion)
    11.1 Hospitals
    11.2 Ambulatory Surgical Centers
    11.3 Outpatient Department (OPD) Clinics
    11.4 Diagnostics Labs
    11.5 Others
12. Radiology Information Systems Market - By Geography (Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Radiology Information Systems Market - Entropy
14. Radiology Information Systems Market – Industry/Segment Competition Landscape Premium 
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. Radiology Information Systems Market – Key Company List by Country Premium Premium
16. Radiology Information Systems Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Market Segmentation Market 2019-2024 ($M)
1.1 By Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Integrated Radiology Information System Market 2019-2024 ($M)
1.1.2 Stand-alone Radiology Information System Market 2019-2024 ($M)
1.2 By Deployment Mode Market 2019-2024 ($M) - Global Industry Research
1.2.1 On-Premise Market 2019-2024 ($M)
1.2.2 Web-Based Market 2019-2024 ($M)
1.2.3 Cloud-Based Market 2019-2024 ($M)
1.3 By Component Market 2019-2024 ($M) - Global Industry Research
1.3.1 Hardware Market 2019-2024 ($M)
1.3.2 Software Market 2019-2024 ($M)
1.3.3 Services Market 2019-2024 ($M)
1.4 By End Users Market 2019-2024 ($M) - Global Industry Research
1.4.1 Hospitals Market 2019-2024 ($M)
1.4.2 Office-based Physicians Market 2019-2024 ($M)
1.4.3 Emergency Healthcare Service Providers Market 2019-2024 ($M)
2.Global Competitive Landscape Market 2019-2024 ($M)
2.1 Mergers And Acquisition Analysis Market 2019-2024 ($M) - Global Industry Research
2.2 Agreements, Collaborations Partnerships Market 2019-2024 ($M) - Global Industry Research
2.3 New Products Launches Market 2019-2024 ($M) - Global Industry Research
3.Global Market Segmentation Market 2019-2024 (Volume/Units)
3.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Integrated Radiology Information System Market 2019-2024 (Volume/Units)
3.1.2 Stand-alone Radiology Information System Market 2019-2024 (Volume/Units)
3.2 By Deployment Mode Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 On-Premise Market 2019-2024 (Volume/Units)
3.2.2 Web-Based Market 2019-2024 (Volume/Units)
3.2.3 Cloud-Based Market 2019-2024 (Volume/Units)
3.3 By Component Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 Hardware Market 2019-2024 (Volume/Units)
3.3.2 Software Market 2019-2024 (Volume/Units)
3.3.3 Services Market 2019-2024 (Volume/Units)
3.4 By End Users Market 2019-2024 (Volume/Units) - Global Industry Research
3.4.1 Hospitals Market 2019-2024 (Volume/Units)
3.4.2 Office-based Physicians Market 2019-2024 (Volume/Units)
3.4.3 Emergency Healthcare Service Providers Market 2019-2024 (Volume/Units)
4.Global Competitive Landscape Market 2019-2024 (Volume/Units)
4.1 Mergers And Acquisition Analysis Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Agreements, Collaborations Partnerships Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 New Products Launches Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Market Segmentation Market 2019-2024 ($M)
5.1 By Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Integrated Radiology Information System Market 2019-2024 ($M)
5.1.2 Stand-alone Radiology Information System Market 2019-2024 ($M)
5.2 By Deployment Mode Market 2019-2024 ($M) - Regional Industry Research
5.2.1 On-Premise Market 2019-2024 ($M)
5.2.2 Web-Based Market 2019-2024 ($M)
5.2.3 Cloud-Based Market 2019-2024 ($M)
5.3 By Component Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Hardware Market 2019-2024 ($M)
5.3.2 Software Market 2019-2024 ($M)
5.3.3 Services Market 2019-2024 ($M)
5.4 By End Users Market 2019-2024 ($M) - Regional Industry Research
5.4.1 Hospitals Market 2019-2024 ($M)
5.4.2 Office-based Physicians Market 2019-2024 ($M)
5.4.3 Emergency Healthcare Service Providers Market 2019-2024 ($M)
6.North America Competitive Landscape Market 2019-2024 ($M)
6.1 Mergers And Acquisition Analysis Market 2019-2024 ($M) - Regional Industry Research
6.2 Agreements, Collaborations Partnerships Market 2019-2024 ($M) - Regional Industry Research
6.3 New Products Launches Market 2019-2024 ($M) - Regional Industry Research
7.South America Market Segmentation Market 2019-2024 ($M)
7.1 By Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Integrated Radiology Information System Market 2019-2024 ($M)
7.1.2 Stand-alone Radiology Information System Market 2019-2024 ($M)
7.2 By Deployment Mode Market 2019-2024 ($M) - Regional Industry Research
7.2.1 On-Premise Market 2019-2024 ($M)
7.2.2 Web-Based Market 2019-2024 ($M)
7.2.3 Cloud-Based Market 2019-2024 ($M)
7.3 By Component Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Hardware Market 2019-2024 ($M)
7.3.2 Software Market 2019-2024 ($M)
7.3.3 Services Market 2019-2024 ($M)
7.4 By End Users Market 2019-2024 ($M) - Regional Industry Research
7.4.1 Hospitals Market 2019-2024 ($M)
7.4.2 Office-based Physicians Market 2019-2024 ($M)
7.4.3 Emergency Healthcare Service Providers Market 2019-2024 ($M)
8.South America Competitive Landscape Market 2019-2024 ($M)
8.1 Mergers And Acquisition Analysis Market 2019-2024 ($M) - Regional Industry Research
8.2 Agreements, Collaborations Partnerships Market 2019-2024 ($M) - Regional Industry Research
8.3 New Products Launches Market 2019-2024 ($M) - Regional Industry Research
9.Europe Market Segmentation Market 2019-2024 ($M)
9.1 By Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Integrated Radiology Information System Market 2019-2024 ($M)
9.1.2 Stand-alone Radiology Information System Market 2019-2024 ($M)
9.2 By Deployment Mode Market 2019-2024 ($M) - Regional Industry Research
9.2.1 On-Premise Market 2019-2024 ($M)
9.2.2 Web-Based Market 2019-2024 ($M)
9.2.3 Cloud-Based Market 2019-2024 ($M)
9.3 By Component Market 2019-2024 ($M) - Regional Industry Research
9.3.1 Hardware Market 2019-2024 ($M)
9.3.2 Software Market 2019-2024 ($M)
9.3.3 Services Market 2019-2024 ($M)
9.4 By End Users Market 2019-2024 ($M) - Regional Industry Research
9.4.1 Hospitals Market 2019-2024 ($M)
9.4.2 Office-based Physicians Market 2019-2024 ($M)
9.4.3 Emergency Healthcare Service Providers Market 2019-2024 ($M)
10.Europe Competitive Landscape Market 2019-2024 ($M)
10.1 Mergers And Acquisition Analysis Market 2019-2024 ($M) - Regional Industry Research
10.2 Agreements, Collaborations Partnerships Market 2019-2024 ($M) - Regional Industry Research
10.3 New Products Launches Market 2019-2024 ($M) - Regional Industry Research
11.APAC Market Segmentation Market 2019-2024 ($M)
11.1 By Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Integrated Radiology Information System Market 2019-2024 ($M)
11.1.2 Stand-alone Radiology Information System Market 2019-2024 ($M)
11.2 By Deployment Mode Market 2019-2024 ($M) - Regional Industry Research
11.2.1 On-Premise Market 2019-2024 ($M)
11.2.2 Web-Based Market 2019-2024 ($M)
11.2.3 Cloud-Based Market 2019-2024 ($M)
11.3 By Component Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Hardware Market 2019-2024 ($M)
11.3.2 Software Market 2019-2024 ($M)
11.3.3 Services Market 2019-2024 ($M)
11.4 By End Users Market 2019-2024 ($M) - Regional Industry Research
11.4.1 Hospitals Market 2019-2024 ($M)
11.4.2 Office-based Physicians Market 2019-2024 ($M)
11.4.3 Emergency Healthcare Service Providers Market 2019-2024 ($M)
12.APAC Competitive Landscape Market 2019-2024 ($M)
12.1 Mergers And Acquisition Analysis Market 2019-2024 ($M) - Regional Industry Research
12.2 Agreements, Collaborations Partnerships Market 2019-2024 ($M) - Regional Industry Research
12.3 New Products Launches Market 2019-2024 ($M) - Regional Industry Research
13.MENA Market Segmentation Market 2019-2024 ($M)
13.1 By Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Integrated Radiology Information System Market 2019-2024 ($M)
13.1.2 Stand-alone Radiology Information System Market 2019-2024 ($M)
13.2 By Deployment Mode Market 2019-2024 ($M) - Regional Industry Research
13.2.1 On-Premise Market 2019-2024 ($M)
13.2.2 Web-Based Market 2019-2024 ($M)
13.2.3 Cloud-Based Market 2019-2024 ($M)
13.3 By Component Market 2019-2024 ($M) - Regional Industry Research
13.3.1 Hardware Market 2019-2024 ($M)
13.3.2 Software Market 2019-2024 ($M)
13.3.3 Services Market 2019-2024 ($M)
13.4 By End Users Market 2019-2024 ($M) - Regional Industry Research
13.4.1 Hospitals Market 2019-2024 ($M)
13.4.2 Office-based Physicians Market 2019-2024 ($M)
13.4.3 Emergency Healthcare Service Providers Market 2019-2024 ($M)
14.MENA Competitive Landscape Market 2019-2024 ($M)
14.1 Mergers And Acquisition Analysis Market 2019-2024 ($M) - Regional Industry Research
14.2 Agreements, Collaborations Partnerships Market 2019-2024 ($M) - Regional Industry Research
14.3 New Products Launches Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
2.Canada Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
3.Mexico Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
4.Brazil Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
5.Argentina Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
6.Peru Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
7.Colombia Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
8.Chile Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
10.UK Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
11.Germany Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
12.France Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
13.Italy Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
14.Spain Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
16.China Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
17.India Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
18.Japan Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
19.South Korea Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
20.South Africa Global Radiology Information Systems Market Revenue, 2019-2024 ($M)
21.North America Global Radiology Information Systems By Application
22.South America Global Radiology Information Systems By Application
23.Europe Global Radiology Information Systems By Application
24.APAC Global Radiology Information Systems By Application
25.MENA Global Radiology Information Systems By Application