The global radiology information system market size was valued at over USD 528.4 million in 2015. RIS is an advanced technology that enables physicians and radiologists to keep a complete record of patient history and radiology imaging data in an electronic form. The growth in imaging procedures due to rising geriatric population base will contribute to the market growth in the coming years. Applications of radiology technology in healthcare industry are likely to experience higher demand due to an integration with IT solutions.
RIS is typically a database system that radiologists use to keep a record of patient data and image files. Radiology and imaging department generate large digital files. It is significant to store and keep a track of the data for future references. Computerized medical systems allow interactive documents. The huge imaging data files generated in the course of diagnosis and treatment are required to be maintained in the electronic systems due to data safety and convenience.
RIS implementation facilitates increased work efficiency, better patient coordination, reduction in medical errors, improved diagnosis, and streamlined administrative functions. These systems are crucial across various healthcare providers for proper care coordination, which is required between the imaging department and primary healthcare provider. The physicians providing care to Medicare and Medicaid patients are eligible to receive financial incentives, provided they use certified RIS software.
Surgical robots, surgical lasers, neuro-prosthetics, digital pathology, optical imaging, health informatics are some of the emerging fields with potential application of radiology systems. The University of Texas MD Anderson Cancer Center produced a software called ViSion for the easy accessibility of multimedia reports, which tag specific radiology images with pathology and anatomy. The rising demand for such hybrid diagnostics is expected to boost the market in the coming years.
The types of RIS available in the market are integrated and standalone RIS. The integrated RIS dominated the overall RIS market in the year 2015. Integrated RIS collect images from all modalities and display them during reporting and verifying procedures. Moreover, the improved versions of integrated systems offer digital dictation, voice recognition, and barcode technology features for additional convenience.
Improved graphic user interface of these systems allow clinicians and physicians to have access to patient reports via email and web. Integrated RIS include applications for scheduling, document imaging, automated insurance eligibility functions and billing features in electronic form.
The deployment modes of RIS are Web-based, cloud-based, and on-premise. The web-based segment dominated the market in 2015 due to the convenience of web-based RIS. Web-based RIS provide features to enhance workflow that allow tracking of patient information, maintaining records of the number of beds in hospitals, and billing.
Web-based RIS can be operated through dashboards that are visual and analytical tools to obtain patient imaging records from different systems. Dashboards represent the data in useful and organized form for easier interpretation for users. Workflow can be optimized in radiology departments with the help of real-time information to make informed decisions.
RIS end-use segments include hospitals, emergency healthcare service providers, and physicians. Hospitals held majority of the segment share in 2015. Radiology departments are often the connecting point between primary care physician and patients in the hospitals. While the primary care physicians are the first point-of-contact, radiology department gets involved in the beginning during initial diagnostic settings.
The results provided by RIS often determine the future course of treatment plan, including the need of additional diagnostic tests, hospital admissions, and special referrals. RIS is majorly used in hospitals in order to maintain a complete and proper record of the patient workflow by the radiology departments, schedule appointments of inpatient and outpatient, track a patient history and the recent records, and preserve detailed financial records of patients.
In 2015, North America held the largest market share, owing to the cost, productivity, and quality in the healthcare IT systems. The adoption of diagnostic imaging has increased in the U.S. over the past decade, ultimately increasing medical costs.
The increased demand by patients and physicians, wider availability of latest technology, favorable reimbursement scenario, and rising incidence rate of chronic diseases are some of the factors driving the market growth.
GE Healthcare collaborate with the American College of Radiology to bring the first leading boot camp training for breast cancer in Saudi Arabia and the Middle East that was held recently in 2016, which provided an intensive hands-on experience in breast ultrasonography and mammography.
GE Healthcare, Siemens AG, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems, McKesson Corporation, Philips Healthcare, Merge Healthcare, Inc., MedInformatix, Inc., etc. are some of the key players in the market. Partnerships and acquisitions of smaller market players are the strategies undertaken by the companies to strengthen their market presence. For instance, GE Healthcare acquired Finnmore in 2014 and Siemens acquired Cerner Corporation in 2015. In addition, McKesson Corporation announced its collaboration with Blue Cross Blue Shield of Arizona to deliver a wide range of services for healthcare providers.
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Attribute |
Details |
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Base year for estimation |
2015 |
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Actual estimates/Historical data |
2013 - 2015 |
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Forecast period |
2016 - 2024 |
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Market representation |
Revenue in USD Million & CAGR from 2016 to 2024 |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Country scope |
U.S., Canada, UK, Germany, Japan, Japan, China, Brazil, Mexico, South Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors & trends |
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15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth and provides an analysis of the industry trends in each of the sub-segments from 2013 to 2024. For the purpose of this study, Grand View Research has segmented the global radiology information system market report based on product, deployment mode, end-use, and region:
Product Outlook (Revenue, USD Million; 2013 - 2024)
Integrated
Standalone
Deployment Mode Outlook (Revenue, USD Million; 2013 - 2024)
Cloud-based
Web-based
On-premise
End-Use Outlook (Revenue, USD Million; 2013 - 2024)
Hospitals
Outpatient Department (OPD) Clinics
Others
Regional Outlook (Revenue, USD Million; 2013 - 2024)
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
Japan
China
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
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