Radiology Information Systems Market is valued at 624.90 USD Million in 2017 and expected to reach USD 1096.65 Million by 2024 with the CAGR of 7.30% over the forecast period.
Radiology information system is software which helps physicians, radiologist, hospitals and others to maintain the patient data in electronic form. It is easy to maintain and quickly accessible. This software also helps healthcare professional to maintain the complete patient records which includes reports, appointments, admission, discharge, and others. It also maintains the records for payment and financial transactions as well. So, during the study of Global Radiology information system market, we have considered Radiology information system product type and end user to analyze the market.
Global Radiology information system Market report is segmented on the basis of product type,deployment, end user type and by regional & country level. Based upon Product type, global Radiology information system Market is classified as Integrated RIS and Standalone RIS. Based upon deployment type, global Radiology information system Market is classified as Web based RIS, Cloud based RIS, and On-premise RIS. Based upon end users, global Radiology information system Market is classified as Hospitals, Emergency Healthcare Service Providers, and Office Based Physicians.
The regions covered in this Radiology information system Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Radiology information systemis sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Radiology Information System Market Reports–
Global radiology information system market report covers prominent players like Epic Systems Corporation, Merge Healthcare Incorporated, MedInformatix, Inc., GE Healthcare, Inc., Cerner Corporation, McKesson Corporation, Koninklijke Philips N.V., Allscripts Healthcare Solutions, Inc., Carestream Health and Siemens AG.and others.
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Increased Prevalence of Chronic Diseases and Increased Investment on Healthcare Facilities
The commercialization and growth of global radiology information system market over the past 25 years has been highly impactful. As there are changes in lifestyle and various others factors affecting the health of individuals on a large scale. This led to the increase in various diseases and increased prevalence of various diseases led to the increased demand of better treatment. Increased demand of better and advanced treatment has led to the increase in the investment in healthcare facilities by various players to make their work easier. Increased investment and demand of better infrastructure has led to the various technological advancement in the radiology information systems market which are expected to support the growth of radiology information systems market over the forecast period. However, increased concern about data safety and lack of experienced healthcare professionals to operate such systems are expected to inhibit the growth of radiology information system market over the forecast period.
North America is Expected to Dominate the Radiology Information Systems Market
North America dominates the market with highest market share due to the well established healthcare facilities and infrastructure coupled with high reimbursement policies in the region are expected to support the growth of North America Market. Europe is expected to be the second largest growing region over the forecast period due to the early adoption of advanced technologies and increased prevalence of diseases in the region. As per the World Health Organization report 2015, Cancer is the second leading cause of death globally, and was responsible for 8.8 million deaths in 2015. Globally, nearly 1 in 6 deaths is due to cancer. Asia Pacific is the third largest and fastest growing region over the forecast period owing to the increased demand of healthcare facilities and infrastructure. Furthermore increased awareness among people about various disease and increase in government funding coupled with increasing disposable income are expected to fuel the growth of radiology information system market over the forecast period.