Radiology Information System
(RIS) has various features that include,
RIS can be integrated with
Picture Archiving and Communication System (PACS), Electronic Medical Record
(EMR) system or Hospital Information System (HIS)
Dictation support as in-app voice
recognition or integration to allow using microphone to speak commands and
dictate notes and reports
Result delivery via email
Administrative dashboard and reports
The global Radiology
Information System Market is estimated to account for US$ 814.3 Mn in terms
of value in 2019 and is expected to reach 1,620.5 Mn by the end of 2027.
Global Radiology Information
System Market: Drivers
Increasing adoption of RIS is
expected to propel growth of the global radiology information system market
over the forecast period. For instance, in February 2019, Radiology Associates
of Albuquerque, a provider of diagnostic imaging services in the U.S. selected
MedInformatix to deploy a new RIS.
Global Radiology Information
System Market: Opportunities
Major organizations are focused
on offering grants to boost R&D in the field of radiology, which is
expected to offer lucrative growth opportunities for players in the market. For
instance, in April 2019, Macadamian, a software company, received a US$ 495,000
grant from Eurostars, a European funding program for innovative R&D
projects, and the National Research Council of Canada for X-AID, an AI-driven
radiology clinical decision support software tool.
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Global Radiology Information
System Market: Restraints
Security concerns regarding RIS
are expected to hamper growth of the market. RIS is prone to hacking and theft
of sensitive patient information. RIS is also susceptible to ransomware, where
a version of malware halts access to patient records.
Key Takeaways:
Integrated segment in the global
radiology information system market was valued at US$ 561.7 Mn in 2018 and is
expected to reach US$ 1,264.7 Mn by 2027 at a CAGR of 9.0% during the forecast
period. Integrated radiology information systems offer access to all the data
on a real time basis, and it can be accessed from anywhere in the hospital.
Moreover, it’s feasible to integrate these systems with radiology information
software on premise easily.
The cloud-based deployment
segment held dominant position in the global radiology information system
market in 2018, accounting for 69.5% share in terms of value, followed by
on-premises segment, respectively. Cloud based services do not require
installation of hardware at the installation site, instead, service providers
look after data management through cloud services. This is expected to support
growth of the segment over the forecast period.
The hospitals segment held
dominant position in the global radiology information system market in 2018,
accounting for 56.5% share in terms of value, followed by diagnostic labs and
clinics, respectively.
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Report: https://www.coherentmarketinsights.com/market-insight/radiology-information-system-market-1359
Market Trends
Major medical diagnostic imaging
centers are adopting RIS. For instance, in February 2019, Welch Road Imaging, a
medical diagnostic imaging center in the U.S. integrated RamSoft PowerServer
RIS/PACS with openDoctor.
Major government organizations
are also focused on adopting RIS. For instance, in April 2019, The New South
Wales Ministry of Health signed a contract with Sectra, a Sweden-based medical
imaging vendor, to roll out an enterprise RIS across 11 local health districts
and speciality networks.
Global Radiology Information
System Market: Competitive Landscape
Major players operating in the
global radiology information system market include, Cerner Corporation,
Allscripts Healthcare Solutions Inc., Epic Systems Corporation, General
Electric Company, Koninklijke Philips N.V., Siemens AG, McKesson Corporation,
Merge Healthcare Incorporated, Medinformatix Inc., eRAD, and RamSoft Inc.
Global Radiology Information
System Market: Key Developments
June 2019: RamSoft Inc. received
order from Washington Open MRI for its PowerServer RIS/PACS to unify its
diagnostic imaging workflow into a single database solution in its six
facilities across the state of Maryland U.S.
November 2018: eRAD received
contact to deploy eRAD RIS and Speech Recognition at InMed Diagnostic of Coral
Springs, a multi-modality imaging provider in the U.S.
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