Global Radiology Information System Market Report by Type (Integrated and Standalone), Component (Hardware, Software, and Services), Development Mode (Web-Based, On-Premise, and Cloud-Based), Region and Company Analysis 2024-2032

Global Radiology Information System Market Analysis

Global Radiology Information System Market was valued at US$ 993.28 Million in 2023. Renub Research forecasts a CAGR of 8.16% from 2024 to 2032. It is expected to reach a value of US$ 2,012.21 Million by 2032.

The specialized healthcare software for medical imaging workflows is called a radio information system. It stores, distributes, and retrieves radiological information, helping with scheduling and reporting tasks. The system fosters efficient communication among radiologists, technologists, and physicians. Its capabilities embody scheduling, image storage, reporting, billing, and integration with Picture Archiving and Communication Systems and Electronic Health Records. The system also improves radiology departments' productivity, patient care, and regulatory compliance.

Global Radiology Information System Market Trends

•    Increasing Incidence of Chronic Illnesses Worldwide

The global radiology information system market is growing because of the growing prevalence of continual illnesses. These illnesses include cancer, cardiovascular sicknesses, and neurological problems. They necessitate standard diagnostic imaging for accurate analysis and treatment planning. The American Cancer Society states that cancer is the second leading reason for loss of life globally. The World Federation of Neurology predicts that the number of individuals with neurological problems will double by 2050. There is a developing demand for efficient radiological information management throughout healthcare centers as the burden of chronic sicknesses increases.

•    Increasing Emphasis on Healthcare Interoperability

The radiology information system market is propelled by healthcare interoperability. It allows seamless change of affected person data across structures. This fosters collaboration amongst professionals, streamlines workflows, and enhances the radiology department's overall performance. The integration of interoperable structures with Electronic Health Records (EHRs) and Picture Archiving and Communication Systems (PACS) have witnessed heightened demand globally. This is because healthcare businesses acknowledge their position in enhancing affected person care and operational performance.

•    Growing Utilization of Diagnostic Imaging Procedures

The growth of the global radiology information system market is fueled by the increased demand for diagnostic imaging. The system is crucial for diagnosing and treating various scientific conditions. Advances in scientific technology and multiplied awareness of early sickness detection drive the surge in global diagnostic imaging procedures. Healthcare carriers spend money on efficient structures to control and interpret radiological information and images. For instance, Siemens Healthineers provides an included RIS with modules for affected person management, tests, reporting, and device control. This allows seamless communication and collaboration among healthcare specialists.

•    Technological Advancements

Integration of AI solutions drives global radiology information system market growth. AI enhances diagnostic accuracy, performance, and workflow automation within the system, machine learning, and deep learning. These solutions help radiologists interpret images, detect abnormality, and prioritization, improving diagnostic outcomes and affected person care. AI permits fast evaluation of imaging information by facilitating data-driven decision-making and predictive analytics. Market growth is also fueled by increasing demand from healthcare carriers for AI-incorporated information systems, as they recognize the benefits. For example, Philips, at ECR showcases AI-powered technology, changing data into actionable insights to enhance diagnostic self-belief, clinical effects, patient and staff experience, operational performance, and cost-effectiveness.

United States Radiology Information System Market

The radiology information system market in the United States is flourishing. There is an increasing demand for efficient information system structures to control the workload as the growing old population requires more diagnostic procedures like X-rays, CT scans, and MRIs. The Congressional Budget Office projects that over the 2023–2053 period, an average of 73 million individuals will be 65 or older. Heightened healthcare awareness also encourages proactive health measures. This results in more preventive screenings and earlier diagnoses, boosting the quantity of imaging studies accomplished.

Technological improvements in the system, including cloud-based solutions and integration with PACS systems, streamline workflow. Improved reporting tools, like voice recognition software programs, enhance efficiency. For instance, Sirona Medical launched a cloud-native radiology operating system (RadOS) at the 2021 RSNA meeting, aiming to augment health practitioner intelligence and simplify radiologist work for a better user experience and advanced workflow. The growing adoption of value-based care models and government rules like Meaningful Use programs also power RIS usage in the United States market.

Global Radiology Information System Company News

Koninklijke Philips n.v., Siemens Healthcare GmbH, Oracle, McKesson Corporation, GE HealthCare, Fujifilm Holdings Corporation, Shimadzu Corporation, Hologic, Inc., and Sectra AB are the leading businesses in the Global Radiology Information System Market.

•    In January 2023 - Allscripts Healthcare Solutions (US) will debut its novel cloud-based health information system, which is anticipated to transform how patients interact with and oversee their healthcare data.
•    In March 2023 - Fujitsu unveiled a novel cloud-based platform that enables users to securely gather and utilize health-related data, fostering digital transformation within the medical industry.
•    In November 2023 - Philips will introduce HealthSuite Imaging, an advanced cloud-based iteration of Vue PACS featuring novel AI-enabled clinical and operational workflows, unveiled at #RSNA23.
•    In November 2022 - Epic and Google Cloud forged a strategic alliance, allowing hospitals that utilize Epic electronic health records (EHR) technology to store their documents in the cloud. This partnership expands the options available to healthcare organizations for managing records in a cloud-based setting, providing increased flexibility and access to specialized tools.
•    In August 2021 - According to an official statement, the Delhi government plans to unveil a cloud-based Health Information Management System (HIMS) next year. This system will provide individuals with eHealth Cards and facilitate online appointment booking with doctors at government hospitals.

Type

1.    Integrated
2.    Standalone

Component

1.    Hardware
2.    Software
3.    Services

Species

1.    Web-Based
2.    On-Premise
3.    Cloud-Based

Country

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherlands 
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina 

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    United Arab Emirates
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    Koninklijke Philips n.v.
2.    Siemens Healthcare GmbH
3.    Oracle
4.    McKesson Corporation
5.    GE HealthCare
6.    Fujifilm Holdings Corporation
7.    Shimadzu Corporation
8.    Hologic, Inc.
9.    Sectra AB

Report Details: