News | PACS | September 25, 2015

Global Radiology Information Systems Market to Reach $722.7 Million by 2019

North American market to exceed $308 million, driven by health IT advancements

Research and Markets, radiology information systems, RIS, global market report, 2019, PACS

Image courtesy of Carestream Health

September 25, 2015 — Research and Markets announced the addition of the Radiology Information Systems Market by Type (Integrated, Standalone), Deployment Mode (Web based, On-Premise, Cloud-Based), End User (Hospitals, Office based Physicians, Emergency Healthcare Service Providers) and by Component - Global Trends & Forecast to 2019 report to their offering.

The global radiology information systems (RIS) market is estimated at $501.1 million for 2014 and is projected to reach $722.7 million by 2019, at a compound annual growth rate (CAGR) of 7.6 percent during the period.

A RIS is a networked software suite used to manage medical imagery and associated data. They are especially useful for managing radiological records and associated data in multiple locations, and are often used in conjunction with a picture archiving and communication system (PACS) to manage workflow and billing. The system can track a patient's entire workflow within the radiology department. Images and reports can be added to and retrieved from electronic medical records (EMRs); these records can then be viewed by the authorized radiology staff.

The global market has been segmented on the basis of type, component, deployment mode, end user and geography. On the basis of type, the global market has been segmented into integrated RIS and standalone RIS. The integrated RIS segment dominated the global market in 2014, and is expected to reach $537.6 million by 2019. Based on component, the market has been categorized into services, software and hardware. In 2014, the services segment accounted for the largest share of the global market, and is projected to reach $271.7 million by 2019. On the basis of deployment mode, the market has been categorized into Web-based, on-premise and cloud-based. The Web-based segment accounted for the largest share of the global market, and is projected to reach $451.4 million by 2019.

The market also has been classified into four regions — namely North America, Europe and Asia. North America contributed the largest share to this market; it is expected to reach $308.6 million by 2019 from $211 million in 2014, at a CAGR of 7.9 percent during the forecast period. This growth can be attributed to the cost, quality and productivity benefits associated with healthcare information technology (IT) systems and products.

The major players operational in the global radiology information systems market are Cerner Corporation (U.S.), McKesson Corporation (U.S.), Merge Healthcare (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), GE Healthcare (U.K.), Philips Healthcare (The Netherlands) and Epic Systems (U.S.). These companies have adopted strategies such as mergers & acquisitions and partnership, among others, to achieve growth in the global market.

For more information:

Related Content

Fujifilm to Host Pediatric Imaging Best Practices Symposium at AHRA 2018
News | Pediatric Imaging | July 18, 2018
Fujifilm Medical Systems U.S.A. Inc. announced that it will offer educational opportunities and exhibit its latest...
Sponsored Content | Whitepapers | PACS | July 09, 2018
The move toward value-based reimbursement (VBR) models is putting pressure on healthcare organizations to modernize...
Sponsored Content | Case Study | PACS | July 09, 2018
One of the Northeast’s major teaching hospitals is an international leader in virtually every area of medicine. It has...
Wake Radiology Launches First Installation of EnvoyAI Platform
News | Artificial Intelligence | June 13, 2018
Artificial intelligence (AI) platform provider EnvoyAI recently completed their first successful customer installation...
PACS and the Road to Reconstruction
Feature | PACS | June 05, 2018 | By Dave Whitney and Jef Williams
The PACS — picture archiving and communication systems — have been in existence for more than 45 years. One of the...
Intelerad Introduces InteleOne Maestro Enterprise Workflow Orchestration Solution
Technology | PACS Accessories | May 31, 2018
Intelerad Medical Systems announced the release of InteleOne Maestro, its new enterprise imaging workflow orchestration...
Konica Minolta Releases New Turn-Around-Time Feature for Exa Workflow
Technology | PACS | May 30, 2018
Konica Minolta Healthcare Americas Inc. will introduce a new worklist feature, Turn-Around-Time (TAT), for its Exa...
Illuminate and Medexprim Partner to Enhance PACS Data Mining
News | PACS | May 30, 2018
U.S.-based Softek Illuminate and the entrepreneurial French firm Medexprim will be combining, distributing and...
Intelerad Launches AI Initiative for Imaging Workflow Intelligence and Analytics
News | Artificial Intelligence | May 29, 2018
Intelerad Medical Systems announced the launch of its artificial intelligence (AI) initiative along with the expansion...
Australia's Largest Public Health System Selects Sectra for Enterprise Imaging IT Solution
News | PACS | May 24, 2018
Australia’s NSW Health signed a Proof of Concept agreement naming Sectra as the preferred vendor for a large enterprise...
Overlay Init