Radiology Information Systems Market to Reach $2.14 Billion Globally by 2030 at a CAGR of 7.0% | Emerging Growth 2030

radiological information systems industry

Rising number of chronic diseases and mass adoption of cloud technology related services are driving the growth of the radiology information system market

PORTLAND, OREGON, USA, Sept. 9, 2022 /EINPresswire.com/ — The rapid rise in the aging population, rising number of chronic diseases, and increased adoption of technology-enabled services cloud are driving the growth of the global radiology information systems market. However, rising concern over patient data security is hampering the market growth. On the other hand, rising investment in the Asia-Pacific region presents new opportunities in the coming years.

The Radiology Information System (RIS) is a networked computer system used to organize and manage the workflow of the medical imaging and radiology department, supporting business analysis in a department. RIS is widely used with the Picture Archiving and Communications System (PACS) and vendor-independent archiving to manage billing, record keeping, and image archives.

The global Radiology Information System industry generated $1.05 Billion in 2020 and is expected to reach $2.14 Billion by 2030, growing at a CAGR of 7.0% from 2021 to 2030.

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Integrated radiology information systems held the largest share in 2015 and is expected to grow at the highest CAGR of 6.0% over the analysis period. This is due to the increasing adoption and demand for integrated healthcare information technology platforms in various healthcare organizations for easy operations to reduce expenses and provide health of quality.

Covid-19 scenario

The Covid-19 pandemic has led to an increased demand for radiology techniques such as CT scans, X-rays and MRIs to determine the level of infection. This has led to an increase in the demand for radiology information systems for efficient operation of radiology departments.
R&D activities for radiological information systems have been reduced due to containment restrictions and impediments to efficient development operations. Market players had to establish new ways of working.
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The integrated segment will continue its leadership by 2030

Based on type, the integrated segment held the highest share in 2020, contributing approximately two-thirds of the global radiology information systems market, and is expected to maintain its leading status by 2030. Additionally, this segment is expected to experience the highest CAGR. by 7.5% from 2021 to 2030. This is attributed to the high efficiency of its operations. The report also analyzes the standalone segment.

Hospital segment to maintain its revenue dominance throughout the forecast period

On the basis of end-user, the hospital segment accounted for the highest market share in 2020, contributing more than half of the global radiology information systems market, and is expected to maintain its dominance in terms of revenue throughout the forecast period. Moreover, this segment is expected to show the fastest CAGR of 7.8% from 2021 to 2030. This is due to the increase in the number of hospitals globally. The report also analyzes segments including office-based physicians and healthcare payers.

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North America will maintain its leading position by 2030

Based on region, North America contributed the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global radiology information systems market, and is expected to maintain its position leadership by 2030. This is attributed to the presence of state-of-the-art healthcare infrastructure and large government spending on healthcare facilities. However, Asia-Pacific is estimated to witness the highest CAGR of 9.0% during the forecast period. This is due to the surge in demand for healthcare facilities due to rapid population growth.

Main market players

General electricity company
Allscripts Healthcare Solutions, Inc.
Carestream Health, Inc.
Cerner Company
Epic Systems Corporation
IBM
Koninklijke Philips NV
McKesson Corporation
MedInformatix, Inc.
Siemens AG

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We also offer regional and national reports –

Japan Radiology Information System Market
South Korea Radiology Information System Market
Singapore Radiology Information System Market
China Radiology Information System Market
Australia Radiology Information System Market
Taiwan Radiology Information System Market

“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you to assess the impact of the pandemic on the short and long-term growth trends of this market.

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David Correa
Allied Analytics LLP
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