openPR Logo
Press release

Sales of Radiology Information Systems will Amass US$ 1,179.2 Mn Revenues by 2024-end

12-22-2017 02:29 PM CET | Health & Medicine

Press release from: Persistence Market Research

Sales of Radiology Information Systems will Amass US$ 1,179.2 Mn

Hospitals, medical research institutes, as well as governments, across the globe are hiking their healthcare IT spending to bring reforms in both, operations and outcomes. Instating databases is turning out to be more of a necessity for healthcare institutions, particularly for the field of radiology. Criticality of data produced and used by radiologists is compelling them to utilize speedy & error-proof data transference systems. Correspondingly, the transformation of global healthcare industry through digitization trends is also necessitating the deployment of radiology information systems. In its latest publication, Persistence Market Research has compiled more of such factors that will keep driving the growth of global radiology information system market in the years to come. According to this report, the global market for radiology information systems, which is presently valued at US$ 580.2 Mn, is anticipated to soar at 8.3% CAGR and reach US$ 1,179.2 Mn value by the end of 2024.

Request to sample report- https://www.persistencemarketresearch.com/samples/2816

Titled as “Radiology Information Systems Market: Global Industry Analysis and Forecast, 2016-2024,” the report reveals that global demand for radiology information systems continues to grow on the account of rising incidence rate of lifestyle-related diseases. Increasing consumer awareness to radiological procedures, and easy accessibility to these technologies are also serving as proponents for adoption of radiology information systems. Since installing radiology information systems supports a value-based healthcare model, medical practitioners are also promoting it as the immediate future of “digitalized” radiology.

The report reveals that in 2017 and beyond, the demand for cloud-based radiology information systems will remain considerably higher than on-premise systems. Deployment of cloud-based radiology information systems is projected to bring more than US$ 800 Mn by the end of 2024, while revenues emanating from on-premise deployment will soar at 7.3% CAGR. During the forecast period, a little over 45% of global revenues will be accounted by sales of radiology information software. The adoption of radiology information services is also slated to grow robustly, while radiology information hardware is likely to incur a moderate dip in revenues.

Through 2024, medical institutions adopting radiology information systems will continue to do so on integrated platforms. Similar to the current scenario, integrated radiology information systems will procure over three-fourth of global market value by the end of 2024. Standalone radiology information systems, however, will be valued at just over US$ 280 Mn by the end of projection period. And, hospitals will undoubtedly be the largest end-users of radiology information systems. More than US$ 600 Mn worth of global radiology information system revenues will be emanating from hospitals spanned across the globe. Adoption of such systems will also be considerably high in diagnostic labs and ambulatory surgical centers.

By the end of 2024, North America will remain as the largest market for radiology information systems in the world. In 2016, the region’s radiology information systems market was valued at US$ 269 Mn. Meanwhile, Europe’s advanced healthcare infrastructure will also work in the favor of radiology information system adoption. Throughout the period, Europe’s radiology information system revenues will soar at a health CAGR, and contribute to nearly 23% share. Although, fastest revenue growth is expected to be recorded by Latin America and the Asia-Pacific regions – revenues from which will surge at more than 8% CAGR.

Get Full Report now –https://www.persistencemarketresearch.com/checkout/2816

Ten of the leading companies developing radiology information systems in the world are profiled in the report, and they include Cerner Corporation, Siemens AG, Merge Healthcare Incorporated (IBM), Koninklijke Philips NV, Allscripts Healthcare Solutions Inc., Epic Systems Corporation, Novarad Corp., General Electric Company, McKesson Corporation, and Medinformatix Inc.

Report overview @ https://www.persistencemarketresearch.com/market-research/radiology-information-systems-market.asp

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sales of Radiology Information Systems will Amass US$ 1,179.2 Mn Revenues by 2024-end here

News-ID: 873751 • Views:

More Releases from Persistence Market Research

Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and
The Global Graphene Market's Striking Growth and Innovative Applications
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analysis, Emerging Trends with Upcoming Developments
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation and Industry Size
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and