Radiology Information System Market PESTEL Analysis, Key Opportunities and Growth Prospects

Felton, Calif., USA, Feb. 25, 2021 — /EPR Network/ —

The global Radiology Information System Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

Global Radiology Information System Market is expected to reach USD 980.2 million by 2024. Radiology Information System (RIS) is a networked software system for handling medical imagery and linked data. The system is mainly used for tracking billing information and radiology imaging orders, and also used in association with VNAs and PACS (picture archiving and communication system) to achieve billing, image archives, and record-keeping. Its main function in the sector of billing, patient management, image tracking, scheduling, results reporting, and patient tracking.

Key Players:

• Cerner Cooperation
• Allscripts Healthcare Solution
• Epic Systems
• GE Healthcare
• Philips Healthcare
• Siemens AG Healthcare
• McKesson Corporation
• Merge Healthcare

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Growth Drivers:

The Radiology Information System Market is estimated to grow at a significant CAGR over the future period as the scope and its applications are rising enormously across the globe. Growing occurrence of chronic diseases and trauma patients, rising mergers of healthcare facilities, and group buying by secluded hospitals are documented as major factors of Radiology Information System that are estimated to enhance the growth in the years to come. The Market is segmented based on type, component, deployment mode, end user, and region.

Product Outlook:

• Integrated
• Standalone

Standalone RIS and integrated RIS are the two main types that could be explored in Radiology Information System in the forecast period. The integrated RIS sector accounted for the largest market share and is estimated to lead the overall market in the coming years. Also, the segment is estimated to grow at highest CAGR in the coming years.

Deployment Mode Outlook:

• Cloud-based
• Web-based
• On-premise

End-Use Outlook:

• Hospitals
• Outpatient Department (OPD) Clinics

Regional Outlook:

Globally, North America accounted for the largest market share of Radiology Information System industry and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be quality, cost, and productivity in the healthcare IT system. The United States is a major consumer of Radiology Information System in this region as high demand for diagnostic imaging. Also, growing occurrence of chronic diseases, increasing demand by physicians, and patients, promising compensation policy, and presence of modern or latest technology are factors driving market in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumer of Radiology Information System in this region.

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