Press release
Radiology Information System Market Size to grow US $2.14 billion by 2030 | Allscripts Healthcare Solutions, Inc., McKesson Corporation, Cerner Corporation, Carestream Health
The integrated segment to continue its leadership status by 2030
The hospitals segment to maintain its dominance in terms of revenue throughout the forecast period
North America to continue its lead position by 2030.
According to the report, the global radiology information system industry generated $1.05 billion in 2020, and is expected to reach $2.14 billion by 2030, witnessing a CAGR of 7.0% from 2021 to 2030.
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Market Segmentation:
Type:
On-premise RIS systems: On-premise RIS systems are installed on the customer's own servers. They offer a number of advantages, such as greater control over data security and performance. However, they can be more expensive to implement and maintain than cloud-based RIS systems.
Cloud-based RIS systems: Cloud-based RIS systems are hosted on a third-party server. They offer a number of advantages, such as lower upfront costs, easier scalability, and greater accessibility. However, they can be more vulnerable to data security breaches than on-premise RIS systems.
Application:
Diagnostic radiology: Diagnostic radiology is the use of medical imaging to diagnose diseases and injuries. RIS systems are used to manage the workflow of diagnostic radiology departments.
Interventional radiology: Interventional radiology is the use of medical imaging to guide minimally invasive procedures. RIS systems are also used to manage the workflow of interventional radiology departments.
End user:
Hospitals: Hospitals are the largest users of RIS systems.
Ambulatory surgery centers: Ambulatory surgery centers are also increasingly using RIS systems.
Imaging centers: Imaging centers are also increasingly using RIS systems.
Geography:
North America: North America is the largest market for RIS systems.
Europe: Europe is the second-largest market for RIS systems.
Asia Pacific: Asia Pacific is the fastest-growing market for RIS systems.
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Regional Growth Dynamics:
North America contributed the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global radiology information system market, and is projected to continue its lead position by 2030. This is attributed to presence of advanced healthcare infrastructure and large government spending on healthcare facilities. However, Asia-Pacific is estimated to witness the largest CAGR of 9.0% during the forecast period. This is due to surge in demand for healthcare facilities owing to rapid growth of the population.
Leading Market Players
General Electric Company
Allscripts Healthcare Solutions, Inc.
Carestream Health, Inc
Cerner Corporation
Epic Systems Corporation
IBM
Koninklijke Philips N.V.
McKesson Corporation
MedInformatix, Inc
Siemens AG
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Key Questions Answered in the Intelligent Study
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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