Radiology Information System (RIS) Market 2018 Latest Trends and Future Scope with Top Key Players - Allscripts, Siemens, Carestream, McKesson, Cerner, Comarch, Epic Systems, GE Healthcare, IBM Watson Health, Koninklijke Philips N.V.

Radiology Information System (RIS) assist medical procedures in the radiology departments of healthcare facility, such as patient registration, scheduling of imaging services for inpatients and outpatients, custom patient report creation, appointment booking and management of waiting lists. Radiology information system is designed to integrally work with hospital patient information system and it helps in efficient workflow of radiological practices. Various characteristics of radiology information system application includes ability to adapt and configure hospital’s workflows using the user-friendly interfaces. Also, it has ability to electronically interface with eGovernment services, third party applications, and open devices. Furthermore, RIS can be customizable and scalable according to the need of each institution. Radiology information system is a reliable system uses the 64-bit architecture and web technologies and it is compatible with major database management systems. Radiology information system software and interfaces need to follow the international standards such as HL7, DICOM, FHIR and XML. RIS is subsystem of an integrated solution. It can be operated as standalone system or in combination with other third party applications.

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Market Dynamics

The continuous advancement in the radiology information system devices and software and new product launches are driving growth of the radiology information system market over the forecast period. In October 2011, Bio-Optronics, Inc. and Global Imaging Online made partnership and launched integrated Momentum™ Radiology Staff Scheduler and DIAM RIS™ automated scheduling solution. Both radiology workflow offers efficient solution and address the complexities associated with staff scheduling, patient scheduling, and optimized use of resources. Furthermore, in December 2013, Intelerad Medical Systems launched the InteleRIS 8.224, a radiology information system and workflow solution platform. In November 2017, Philips and Nuance Communications, Inc. launched the artificial intelligence-based image interpretation and report capabilities to radiologists, which improves the radiology reporting, accuracy, and standardization. In June 2016, Charlotte Maxeke Johannesburg Academic Hospital launched the Radiology Information System, which provides the efficient radiology workflow processes with reduced cost.

"The Global Radiology Information System Market Is Estimated To Be Valued At Us$ 548.4 Million In 2017 And Is Expected To Witness A Cagr Of 7.3% Over The Forecast Period (2017 – 2025)."

High prevalence of chronic disorders across the world is projected to drive market growth:

Radiology information system market growth is driven by increasing number of people suffering from chronic disorders in developed and emerging economies. According to the American Heart Association (AHA), in January 2018, heart disease and stroke statistics relapsed. Furthermore, cardiovascular disease accounted for high mortality rate annually as compared to all form of cancer and chronic lower respiratory disease. Moreover, around 92.1 million American adults are suffering from cardiovascular disease or with the after-effects of stroke. Moreover, the direct and indirect cost of total cardiovascular diseases and stroke are estimated around US$ 329.7 billion, which includes both health expenditures and lost in the productivity. For instance, according to the World Health Organization (WHO), more than 3.7 million new cases and 1.9 million deaths by cancer were reported annually, making it the second most important cause of death and morbidity in Europe. On the global scale, cancer accounted for 8.2 million deaths (around 13% of the total) in 2012.

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Key features of the study:

- This report provides in-depth analysis of radiology information system market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launch or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global radiology information system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Allscripts, Carestream Health, Inc., Cerner Corporation, Comarch SA, Epic Systems Corporation, GE Healthcare, IBM Watson Health, Koninklijke Philips N.V., McKesson Corporation, and Siemens Healthcare.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future type up-gradation, market expansion, and marketing tactics
- The global radiology information system market report caters to various stakeholders in this industry including investors, researchers, radiology information system manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the radiology information system market.

Detailed Segmentation:

Global Radiology Information System (RIS) Market, By Product :
- Integrated RIS
- Standalone RIS

Global Radiology Information System (RIS) Market, By Deployment:
- Web Based RIS
- Cloud Based RIS
- On-Premise RIS

Global Radiology Information System (RIS) Market, By Component:
- Services
- Software
- Hardware

Global Radiology Information System (RIS) Market, By End User:
- Hospitals
- In-Patient
- Out-Patient
- Physician Clinic
- Emergency Healthcare Service Providers
- Radiology Clinics

Global Radiology Information System (RIS) Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

Company Profiles:

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This release was published on openPR.