Radiology Information Systems Market Size & Share | Industry Growth 2027

Posted by mahesh on September 28th, 2022

Radiology Information Systems Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period.

The Radiology Information Systems Market, by deployment, is segmented into web-based RIS, cloud-based RIS, and on-premises RIS. In 2019, the web-based RIS segment accounted for the largest share of the global radiology information systems (RIS) market. However, the cloud-based RIS is likely to register the highest CAGR in the market during forecast years. The cloud-based delivery mode offers a standardized way to help commercial and academic institutions to manage their data generated from different laboratory functions, such as sample testing, instrument usage, automation, and report generation. Cloud-based delivery mode system is an extremely manageable alternative that helps in the assessment of real-time information regarding patients, employees, and devices in a healthcare facility’s premises. It covers every step of the patient journey from appointment scheduling to sending out reminders, thereby acting as an advanced tool for business reporting.

The radiology information systems (RIS) market is expected to reach US$ 1,693.50 million by 2027 from US$ 904.60 million in 2019; the market is estimated to grow at a CAGR of 8.3% during 2020–2027.

Demographic and societal shifts, such as urbanization and aging populations, are intensifying resource pressures. This compels healthcare organizations to focus on preventive measures. Moreover, the increasing role of radiology systems in pandemics is further increasing its adoption. Increasing investments in healthcare IT start-ups in Asia pacific is offering lucrative opportunities for the growth of the market. For instance, in April 2019, Tencent Trusted Doctor (China), a venture backed by tech giant Tencent Holdings, raised US$ 250 million in a fundraising round. Another Indonesian healthtech platform, Alodokter raised a US$ 33 million in Series C funding in October. The growing healthcare IT industry in Asia Pacific is one of the most lucrative opportunities for the radiology information systems players to expand their capabilities in the region.

 This research report will give you deep insights about the Radiology Information Systems Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of 150 pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

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Top Listed Companies in Radiology Information Systems Market are –

  •          Koninklijke Philips N.V.
  •          Siemens Healthineers AG
  •          Bayer AG
  •          Cerner Corporation
  •          General Electric Company
  •          IBM Corporation
  •          Epic Systems Corporation
  •          Fujifilm Corporation
  •          MedInformatics, Inc.

 The Radiology Information Systems Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Major highlights of the report:

  •          All-inclusive evaluation of the parent market
  •          Evolution of significant market aspects
  •          Industry-wide investigation of market segments
  •          Assessment of market value and volume in past, present, and forecast years
  •          Evaluation of market share
  •          Study of niche industrial sectors
  •          Tactical approaches of market leaders
  •          Lucrative strategies to help companies strengthen their position in the market

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Joined: September 20th, 2022
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