News | PACS | December 29, 2015

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

December 29, 2015 — The market analyst firm Research and Markets has released a report titled "Radiology Information Systems Market - Global Trends & Forecast to 2019," which projects significant growth in several areas. 

The report states service and deployment segments of the market are showing particular potential. The services segment accounted for the highest share of 37.1 percent in 2014 and this report estimates that the market will continue to grow at a compounded annual growth rate (CAGR) of 7.9 percent over the five-year period. The deployment segment is split into three categories — on-premise, Web-based and cloud-based. Of these, Web-based dominates the segment with a 61.9 percent market share and is expected to show further growth of 7.8 percent from 2014 to 2019.

On the basis of end user, the hospital segment is also exhibiting significant growth. It accounted for 45.8 percent of the market in 2014 and the report estimates this will grow at a CAGR of 7.2 percent during the forecast period.
The report estimates that the global radiology information systems (RIS) market is projected to reach $722.7 million by 2019. The North American region is expected to be the fastest-growing region, followed by Europe and Asia, projected to grow at CAGR of 6.5 and 8 percent respectively.

Key RIS vendors cited in the report include:
•    Allscripts Healthcare Solutions
•    Carestream Health
•    Cerner Corp.
•    Epic Systems Corp.
•    GE Healthcare
•    Mckesson 
•    Medinformatix
•    Merge Healthcare 
•    Philips Healthcare 
•    Siemens Healthcare 
•    
For more information: www.researchandmarkets.com/research/687v9r/radiology

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