The global Radiology Information System (RIS) market size was valued at USD 528.4 million in 2015. The government initiatives coupled with the growing geriatric population base is expected to propel the market growth over the forecast period. The RIS serves as a depository of patient medical records inclusive of both, reports and images, in the electronic form. In an integrated system, the RIS and Picture Archiving and Communication System (PACS), in conjunction enable seamless sharing of information across the imaging department and improve the overall efficiency of the operational workflow in healthcare settings.
In addition, the healthcare industry has experienced a new trend of technological integrations and one such example includes the RIS, which has been recognized as one of the most advanced technologies as it has enabled physicians to maintain a comprehensive record of patient medical information.
Some emerging technologies, such as surgical robots, neuroprosthetics, surgical lasers, smart pills, digital pathology, optical imaging, health informatics, integrated vital signs monitoring, and artificial organs, featured advancements in their diagnostic devices and imaging information technology, which give rise to flexible healthcare solutions that are less expensive.
The University of Texas MD Anderson Cancer Center created a multimedia-enabled software called ViSion that efficiently tags radiology images to classify them into the categories, pathology or anatomy to generate a graphical representation of a patient with tagged images along with the respective clinical interpretation entered by clinicians.
US and Canada Radiology Information System (RIS) market, by product, 2014 - 2024
The basic types of RIS available in the market are integrated and standalone RIS. The integrated RIS dominated the market in 2015. This is due to the fact that the integration of PACS and RIS provides a better and sophisticated analytical tool for medical practitioners to ease the management and development of the healthcare service models.
The Radiology Information System (RIS) end-use segments include hospitals, emergency healthcare service providers, and physicians. The system is widely used in hospitals in order to maintain a complete and proper record of the patient’s workflow by the radiology departments, schedule inpatient and outpatient appointments, track a patient’s medical history and access recent records, and preserve detailed financial records of patients.
Deployment Mode Insights
Web-based, cloud-based, and on-premise are the deployment segments of the market. The web-based segment dominated the market in 2015 due to the improved accessibility associated with the web-based radiology information system. All information that helps in the maintenance of records, such as the number of beds in the hospitals and other billing functions are completely web-based, which is another factor contributing to this segment’s largest market share.
In 2015, North America held the largest market share owing to the lower cost, higher productivity, and quality of the healthcare IT systems. The growing aging population and rise in chronic diseases, such as cancer and stroke, are the other factors driving the market growth. In the recent years, new advancements have aided the development of diagnostic techniques in the western countries, such as the low-kV x-ray generator for breast cancer detection, which is safe and effective and not prohibitive in terms of cost.
The American College of Radiology has partnered with GE Healthcare to conduct the first-ever boot camp training for breast cancer in Saudi Arabia and in the Middle East that was held recently in 2016, which provided an intensive hands-on experience in breast ultrasonography and mammography.
Competitive Market Share Insights
The key industry contributors are GE Healthcare, Siemens AG, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems, McKesson Corporation, Philips Healthcare, Merge Healthcare, Inc., and MedInformatix, Inc.
The mergers and acquisitions have been witnessed to capture a large market share in the industry while providing significant advances in technology-based services to the patients and healthcare facilities. For instance, in 2014,Finnmore was acquired by GE Healthcare with a vision to improve patients’ health and well-being.
Furthermore, in 2015, Siemens acquired Cerner Corporation and the unique feature of this acquisition was the advancement in the interoperability of electronic health records with the medical devices.
In 2016, McKesson announced its partnership with Blue Cross Blue Shield of Arizona to deliver a broad range of services and help healthcare providers succeed.
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."