Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Radiology Information System Market – Insights

A radiology information system (RIS) is a networked software system for managing medical imagery and associated data. The workflow includes a collection of patient demographics and contact information.

  • Scheduling appointments
  • Tracking images
  • Monitoring examination performance
  • Reporting on results
  • Managing billing and reimbursement

The global radiology information system market is estimated to account for US$ 814.3 Mn in terms of value in 2019 and is expected to reach 1,620.5 Mn by the end of 2027.

Global Radiology Information System Market: Drivers

Increasing prevalence of cancer is expected to boost growth of the global radiology information system market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

North America region held dominant position in the global radiology information system market in 2018, accounting for 43.1% share in terms of value, followed by Europe.

Radiology Information System (RIS)  | Coherent Market Insights

Global Radiology Information System Market: Restraints  

Lack of proper healthcare infrastructure and low healthcare expenditure in emerging economies is expected to limit growth of the market. For instance, according to World Bank, health expenditure per capita in Brazil declined from US$ 1,288 in 2011 to US$ 1,015 in 2016.

Moreover, lack of trained professionals in emerging economies is also expected to limit growth of the market.

Global Radiology Information System Market: Opportunities   

Integration of Artificial Intelligence (AI) in RIS is expected to offer lucrative growth opportunities for players in the market. Integration of AI in RIS can result in seamless workflow, improved patient care, and consistent radiologist support. It also can aid in delivering a customized ecosystem experience to the radiologists and offer faster, more accurate, and more consistent diagnosis.

Moreover, government initiatives to boost adoption of RIS is also expected to aid in growth of the market. For instance, in February 2020, KareXpert Technologies, a digital healthcare platform provider, implemented RIS/PACS, Telemedicine, HIMS, EMR/EHR, and other services in the state of Uttrakhand, India, under a 5-year MoU with Nainital district administration.

Radiology Information System (RIS)  | Coherent Market Insights

Integrated segment in the global radiology information system market was valued at US$ 561.7 Mn in 2018 and is expected to reach US$ 1,264.7 Mn by 2027 at a CAGR of 9.0% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing increasing introduction of medical imaging ecosystem. For instance, in February 2020, Radiologex Foundation lunched Radiologex, a software ecosystem for the healthcare industry that encompasses productivity tools; clinical information systems; medical imaging processing and storage; entire payment settlement and lending/finance systems.

Major government organizations are focused on renovating their imaging platforms. For instance, in October 2019, Canon Medical Systems ANZ received a US$ 47.2 million contract to roll out a new medical imaging system for Washington Health, replacing the state's old Agfa RIS and picture archiving and communication (PACS) systems.

Value Chain Analysis

Radiology Information System (RIS)  | Coherent Market Insights

Radiology Information System (RIS)  | Coherent Market Insights

Global Radiology Information System Market: Competitive Landscape    

Major players operating in the global radiology information system market include, Cerner Corporation, Allscripts Healthcare Solutions Inc., Epic Systems Corporation, General Electric Company, Koninklijke Philips N.V., Siemens AG, McKesson Corporation, Merge Healthcare Incorporated, Medinformatix Inc., eRAD, and RamSoft Inc.

Global Radiology Information System Market: Key Developments    

Major players in the market are focused on adopting various marketing strategies to expand their consumer base. For instance, in December 2019, eRAD, a U.S.-based provider of radiology products and services, presented its EHR-Certified RIS at Radiological Society of North America (RSNA) 2019, held in Chicago (U.S).

Similarly, in January 2018, RamSoft Inc. presented PowerServer RIS/PACS at Arab Health 2018.

Radiology information systems involve software and hardwares that is core system for the electronic management of imaging departments across all the hospital. Processes such as resource management, patient scheduling, examination performance tracking, results distribution, and procedure billing. Radiology information systems are critical along with hospital information systems, and other such systems. Basic features in radiology information systems include patient registration and scheduling, patient tracking, result entry and others.

Restraints of the Global Radiology Information Systems Market

The high cost involved in installation of radiology information systems and lack of proper healthcare infrastructure and low healthcare expenditure in emerging economies is expected to limit growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the global radiology information systems market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global radiology information systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Cerner Corporation, Allscripts Healthcare Solutions Inc., Epic Systems Corporation, General Electric Company, Koninklijke Philips N.V., Siemens AG, McKesson Corporation, Merge Healthcare Incorporated, Medinformatix Inc., eRAD, and RamSoft Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global radiology information systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Radiology Information Systems Market, By Platform:
    • Integrated
    • Standalone
  • Global Radiology Information Systems Market, By Component:
    • Services
      • Consulting Services
      • Custom Application Development
      • System Integration
      • Support and Training Services
      • Others
    • Hardware
    • Software
  • Global Radiology Information Systems Market, By Deployment:
    • Cloud-based
    • On-premises
  • Global Radiology Information Systems Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
    • Diagnostics Labs
    • Others
  • Global Radiology Information Systems Market, By Geography:
    • North America
      • By Platform
        • Integrated
        • Standalone
      • By Component
        • Services
          • Consulting Services
          • Custom Application Development
          • System Integration
          • Support and Training Services
          • Others
        • Hardware
        • Software
      • By Deployment
        • Cloud-based
        • On-premises
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Diagnostics Labs
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Platform
        • Integrated
        • Standalone
      • By Component
        • Services
          • Consulting Services
          • Custom Application Development
          • System Integration
          • Support and Training Services
          • Others
        • Hardware
        • Software
      • By Deployment
        • Cloud-based
        • On-premises
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Diagnostics Labs
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Platform
        • Integrated
        • Standalone
      • By Component
        • Services
          • Consulting Services
          • Custom Application Development
          • System Integration
          • Support and Training Services
          • Others
        • Hardware
        • Software
      • By Deployment
        • Cloud-based
        • On-premises
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Diagnostics Labs
        • Others
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Platform
        • Integrated
        • Standalone
      • By Component
        • Services
          • Consulting Services
          • Custom Application Development
          • System Integration
          • Support and Training Services
          • Others
        • Hardware
        • Software
      • By Deployment
        • Cloud-based
        • On-premises
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Diagnostics Labs
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Platform
        • Integrated
        • Standalone
      • By Component
        • Services
          • Consulting Services
          • Custom Application Development
          • System Integration
          • Support and Training Services
          • Others
        • Hardware
        • Software
      • By Deployment
        • Cloud-based
        • On-premises
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Diagnostics Labs
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Platform
        • Integrated
        • Standalone
      • By Component
        • Services
          • Consulting Services
          • Custom Application Development
          • System Integration
          • Support and Training Services
          • Others
        • Hardware
        • Software
      • By Deployment
        • Cloud-based
        • On-premises
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
        • Diagnostics Labs
        • Others
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Cerner Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Allscripts Healthcare Solutions Inc.
    • Epic Systems Corporation
    • General Electric Company
    • Koninklijke Philips N.V.
    • Siemens AG
    • McKesson Corporation
    • Merge Healthcare Incorporated
    • Medinformatix Inc.
    • eRAD
    • RamSoft Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Platform
      • Market Snippet, By Component
      • Market Snippet, By Deployment
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
  4. Global Radiology Information Systems Market, By Platform, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Integrated
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Standalone
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Radiology Information Systems Market, By Component, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Services
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Consulting Services
        • Custom Application Development
        • System Integration
        • Support and Training Services
        • Others
    • Hardware
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Software
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Radiology Information Systems Market, By Deployment, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Cloud-Based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • On-Premises
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Radiology Information Systems Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Diagnostics Labs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Global Radiology Information Systems Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  9. Competitive Landscape
    • Company Profiles
      • Cerner Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Allscripts Healthcare Solutions Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Epic Systems Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • General Electric Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • McKesson Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Merge Healthcare Incorporated
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medinformatix Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • eRAD
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • RamSoft Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 34 market data tables and 24 figures on “Radiology Information Systems Market – Global forecast to 2027.

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