The global radiology information system RIS market was valued at around US$ 1.0 Billion at the end of 2021. The market is projected to register a 7.9% CAGR and top a valuation of US$ 2.2 Billion by 2032.
“Surge in the demand for computerized medical imaging is expected to uplift the radiology information system RIS market growth.”
A networked software system called a radiology information system (RIS) is used to manage medical data and images. In many locations, the system is helpful for maintaining radiological records and data. Along with a picture archiving and communication system (PACS), it oversees billing and workflow. The technology is able to track a patient's journey through the radiology department from beginning to end.
| Attributes | Details |
|---|---|
| Radiology Information System RIS Market Value in 2021 | US$ 1.0 Billion |
| Radiology Information System RIS Market Value in 2032 | US$ 2.2 Billion |
| Radiology Information System RIS Market CAGR (2022 to 2032) | 7.9% |
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The rising prevalence of chronic diseases including cancer, arthritis, cardiovascular disease, and diabetes as a result of increased fast food consumption and sedentary lifestyles is one of the key reasons propelling the market.
The market for radiology information systems is anticipated to expand as a result of the aging population's rapid growth, which has led to a surge in chronic diseases. Additionally, the market for diagnostic services, including those related to medical imaging, is growing quickly. As a result, there is an urgent need for healthcare products and services that are inexpensive, quick, and efficient.
Furthermore, the expansion of radiology information system applications is anticipated to accelerate market expansion. The benefits of minimally invasive treatments are becoming more widely known, which is expected to fuel market expansion.
In comparison to other regions, North America has the greatest market for radiology information system sales and makes the most contribution. This is a result of the diagnostic industry's growing demand for better, quicker, and more useful outcomes.
Due to increasing investments in healthcare facilities, as well as the rising demand for the diagnosis and treatment of chronic diseases, East Asia is predicted to have the fastest-growing demand for radiology information systems. Through several joint ventures as well as mergers and acquisitions, China had made significant investments in Australia's healthcare system, which in turn had a favorable impact on the region's market of radiology information systems.
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Some of the market players operating in the radiology information system RIS market are Siemens Healthcare GmbH, Carestream Health, McKesson Corporation, Cerner Corporation, General Electric Company (GE Healthcare), IBM Watson Health, Allscripts Healthcare, LLC, Epic Systems Corporation, Hologic, Inc., MedInformatix, Inc., and others.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 7.9% 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segment Covered | Product, Deployment, Region |
| Region Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa (MEA) |
| Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Players | Siemens Healthcare GmbH; Carestream Health; McKesson Corporation; Cerner Corporation; General Electric Company (GE Healthcare); IBM Watson Health; Allscripts Healthcare, LLC; Epic Systems Corporation; Hologic, Inc.; MedInformatix, Inc. |
| Customization | Available Upon Request |
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The global radiology information system RIS market is anticipated to register a CAGR of 7.9% during the forecast period.
The top players in the global radiology information system RIS market are Siemens Healthcare GmbH, Carestream Health, McKesson Corporation, Cerner Corporation, General Electric Company (GE Healthcare), IBM Watson Health, Allscripts Healthcare, LLC, Epic Systems Corporation, Hologic, Inc., MedInformatix, Inc.
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Radiology Information System RIS Market
