Radiology Information Systems Market Size, Share, Trends Analysis, And Forecast To 2033

The new report published by The Business Research Company, titled Radiology Information Systems Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the radiology information systems market size has grown strongly in recent years. It will grow from $0.85 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The radiology information systems market size is expected to see rapid growth in the next few years. It will grow to $1.37 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.

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Surging Prevalence Of Chronic Diseases Fuels Growth In The Radiology Information Systems Market
The rising incidence of chronic diseases is expected to propel the growth of the radiology information systems market going forward. Chronic diseases, also known as non-communicable diseases (NCDs), are long-term health conditions that typically develop gradually and persist over an extended period. Chronic diseases arise because of the aging population, sedentary lifestyles, poor diet, physical inactivity, and environmental factors. Radiology information systems are used for the diagnosis, management, and monitoring of chronic diseases by facilitating the efficient storage, retrieval, and interpretation of medical imaging data. For instance, in January 2023, according to the National Library of Medicine, a US-based government medical agency, there will be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Furthermore, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases, that happen every year globally. Therefore, the rising incidence of chronic diseases is driving the growth of the radiology information systems market.

Advanced Healthcare Analytics Software Suite For Radiology Departments
Major companies operating in the radiology information systems market are expanding innovative features in their healthcare application suites, such as study-oriented workflow capabilities, for radiology departments and imaging centers to help increase asset use and revenue. A study-oriented workflow capability refers to the system's ability to manage and streamline the workflow related to radiology studies and imaging procedures within a healthcare facility. For instance, in March 2021, Glassbeam Inc., a US-based software company, launched Clinsights 2.0, an advanced healthcare analytics software suite designed to optimize radiology department operations and enhance value-based care delivery through comprehensive data analysis and actionable insights. This new release aims to improve productivity, patient care experiences, and value-based care delivery by providing expanded features such as executive dashboards, industry benchmarking, what-if analysis, referral analysis, and reject analysis. This solution leverages a cloud-based platform to collect and analyze operational data from imaging fleets, enabling organizations to optimize asset uptime and utilization. The main features integrated into Clinsights 2.0 include study-oriented workflow capability, online quality control, full leg or full spine software, and toolkit software to link the ADC ID station with the RIS (Radiology Information System) or HIS (Hospital Information System). These features provide actionable insights, optimize patient workflow, improve asset utilization, and drive higher revenues in the healthcare industry.

The radiology information systems market covered in this report is segmented -

1) By Product: Integrated Radiology Information System, Standalone Radiology Information System
2) By Deployment: Web-Based, Cloud-Based, On-Premise
3) By End-User: Hospitals And Clinics, Outpatient Department, Office Based Physicians, Emergency Healthcare Service Providers, Research And Academic Institute

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Major companies operating in the radiology information systems market are McKesson Corporation, General Electric Company, Oracle Corporation, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Cerner Corporation, Hologic Inc., Shimadzu Corporation, Epic Systems Corporation, Agfa-Gevaert Group, Veradigm LLC, Carestream Health, Allscripts Healthcare LLC, Esaote S.p.A., Sectra AB, Canon Medical Systems Corporation, Pro Medicus Limited, EIZO Corporation, eRAD, Fischer Medical, MedInformatix Inc.

Contents of the report:
1. Executive Summary
2. Radiology Information Systems Market Report Structure
3. Radiology Information Systems Market Trends And Strategies
4. Radiology Information Systems Market - Macro Economic Scenario
5. Radiology Information Systems Market Size And Growth
…..
27. Radiology Information Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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