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Radiology Information System Market Report Share and Growth 2024-2032

Radiology Information System Market Report Share and Growth 2024-2032

Global Radiology Information System Market Overview:

The global radiology information system (RIS) market was valued at US$ 993.28 million in 2023, with a forecasted CAGR of 8.16% from 2024 to 2032, reaching US$ 2,012.21 million by 2032. RIS is specialized healthcare software for medical imaging workflows, facilitating scheduling, reporting, and efficient communication among healthcare professionals.

Key Market Trends and Drivers:

  • Increasing Incidence of Chronic Illnesses Worldwide: The growing prevalence of chronic illnesses like cancer, cardiovascular diseases, and neurological disorders is driving the demand for standard diagnostic imaging, fueling the growth of the global RIS market.
  • Increasing Emphasis on Healthcare Interoperability: Healthcare interoperability allows seamless exchange of patient data across systems, enhancing collaboration and streamlining workflows. Integration of interoperable systems with Electronic Health Records (EHRs) and Picture Archiving and Communication Systems (PACS) is in high demand globally.
  • Growing Utilization of Diagnostic Imaging Procedures: The increased demand for diagnostic imaging procedures, driven by advances in medical technology and increased awareness of early disease detection, is boosting the global RIS market. Healthcare providers are investing in efficient systems to manage and interpret radiological information and images.
  • Technological Advancements: Integration of AI solutions is driving market growth, enhancing diagnostic accuracy, efficiency, and workflow automation. AI facilitates fast evaluation of imaging data, aiding data-driven decision-making and predictive analytics, and improving diagnostic outcomes and patient care.

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United States Radiology Information System Market:

The US RIS market is thriving, driven by the need for efficient information system structures to manage the increasing workload due to an aging population requiring more diagnostic procedures. Technological advancements, including cloud-based solutions and integration with PACS systems, are streamlining workflow and enhancing efficiency.

Global Radiology Information System Company News:

  • Allscripts Healthcare Solutions will debut a novel cloud-based health information system.
  • Fujitsu unveiled a new cloud-based platform for secure gathering and utilization of health-related data.
  • Philips will introduce HealthSuite Imaging, an advanced cloud-based iteration of Vue PACS featuring AI-enabled workflows.
  • Epic and Google Cloud forged a strategic alliance, allowing hospitals using Epic EHR technology to store documents in the cloud.
  • The Delhi government plans to unveil a cloud-based Health Information Management System (HIMS) to provide individuals with eHealth Cards and facilitate online appointments with doctors at government hospitals.

Market Segmentation:

  • Type: Integrated, Standalone
  • Component: Hardware, Software, Services
  • Deployment Mode: Web-Based, On-Premise, Cloud-Based
  • Countries: United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, South Africa

Key Players:

  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

In conclusion, the global radiology information system market is experiencing significant growth driven by factors such as the increasing prevalence of chronic illnesses, emphasis on healthcare interoperability, growing utilization of diagnostic imaging procedures, and technological advancements. The US market is particularly robust, driven by an aging population and technological innovations. Leading companies are innovating to meet the evolving needs of healthcare providers and improve patient care.

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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