Radiology Information System RIS Market Overview (2022 to 2032)
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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What are the Major Drivers Boosting the Demand for Radiology Information System RIS Market?
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.
Which Region Shows Strong Growth Potential in the Radiology Information System RIS Market?
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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Who are the Key Players in the Radiology Information System RIS Market?
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.
Scope of Report
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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Key Segments Covered in the Radiology Information System RIS Industry Survey
By Product:
Integrated RIS
Standalone RIS
By Deployment:
Web-based RIS
Cloud-based RIS
On-premise RIS
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)
Frequently Asked Questions
What is the Growth Outlook for the Global Radiology Information System RIS Market?
The global radiology information system RIS market is anticipated to register a CAGR of 7.9% during the forecast period.
Who are the Key Players in the Radiology Information System RIS Market?
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.
