According to a new report Global Radiology Information System Market, published by KBV Research, The Global Radiology Information System Market size is expected to reach $979.1 Million by 2025, rising at a market growth of 7.4% CAGR during the forecast period.
In the product segment, the dominant sub-segment in 2018 was integrated RIS. RIS and PACS have a database of their own, specifically if both systems are obtained from different vendors. Integrated RIS, however, includes a RIS-PACS solution with a single work list generated during registration, which improves business platform workflow processes. The Standalone Type market is expected to witness a CAGR of 8.2% during (2019 - 2025).
The end-use segment was dominated by hospitals and clinics in 2018. The wide-scale installation of RIS has helped to preserve the patient record in hospitals in the form of a database consisting of comprehensive data for scheduling, patient monitoring, image tracking, and recording of results. The Outpatient Department (OPD) Clinics market is experiencing growth rate of 8.6% during (2019 - 2025).
In 2018, North America dominated the overall regional segment. The growth of the U.S. market can be linked to developments in the RIS, an increase in the number of radiologists, and the adoption of novel software systems by existing providers. The introduction of advanced RIS with integrated PACS has made the medical imaging process systematic and simpler, leading to further regional growth in patient compliance. Furthermore, the Asia-Pacific region is likely to exhibit a significant growth rate of 8.8% over the forecast period. A rise in the numbers of outsourcing services in the Asia Pacific, as well as increasing awareness of the usefulness of workflow management in hospitals, clinics as well as diagnostic laboratories, contribute towards the growth of the RIS market. The Europe market is expected to witness a CAGR of 7% during (2019 - 2025).
The Web-based market dominated the Global Radiology Information System Market by Mode of Deployment in 2018, growing at a CAGR of 6.9 % during the forecast period. The On-premise market is witnessing a growth rate of 7.7% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/radiology-information-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cerner Corporation, Epic Systems Corporation, Siemens AG (Siemens Healthineers), General Electric (GE) Co. (GE Healthcare), McKesson Corporation, Koninklijke Philips N.V., IBM Corporation (Merge Healthcare), Medinformatix, Inc., eClinicalWorks LLC and AllScripts Healthcare Solutions, Inc.
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By End Use
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