The global Radiology
Information System (RIS) market is expected to reach USD 980.2 million by 2024
according to a new report by Grand View Research Inc. The significant number of
technological advancements coupled with the growing demand for Healthcare
Information Technology (HIT) is the major contributing factor for the growth of
this market.
The Electronic Medical Record
(EMR) is one of the most crucial information systems for patient management
across the healthcare system. With the advent of the integrated RIS, the EMR
has been taken to the next level, now including radiology images in addition to
text-based patient records. The RIS, a network software suite utilized for
distributing, storing, and manipulating patient radiological imagery and data,
enables the radiologists to manage the administrative and operational functions
of radiology.
It also ensures high business
security and patient confidentiality. RIS is considered to be the core system
for the electronic management of the imaging departments and is gaining
popularity in developing economies such as China and India, where the
population base of patients is enormous; thereby making it imperative to deploy
RIS in their healthcare facilities.
In depth research report on Radiology Information System
(RIS) Market
Further key findings from the report suggest:
·
The integrated RIS was
identified as the most lucrative sub-segment of the market in 2015. Picture
Archiving and Communication systems (PACS) and RIS have been rendered
sophisticated with the adoption of more effective and consistent user
interfaces.
·
The integrated RIS has provided
a platform for improved workflow and patient safety while decreasing the cost.
The cost and risk involved in maintaining duplicate databases and a duplicate
set of reports in this are negligible. Therefore, various facilities are opting
for the integrated RIS to increase the workflow efficiency.
·
In 2015, hospitals held the
largest market in terms of revenue. This is attributed to the increasing
patient inflow at hospitals and the requirement to conform to stringent
standards in order to ensure patient safety with minimal error. It enables
clinicians to manage and share patient diagnostic data, administrative and
appointment functions, and radiology reports.
·
In 2013, Accenture completed
the deployment of a cloud-based RIS for 23 facilities and five hospitals in
Southwest England within the National Health Service (NHS). This is expected to
increase the efficiency of the facilities as it would allow clinicians to
access information, securely store health-related patient data, and exchange
diagnostic information.
·
Cloud-based is expected to
witness a lucrative growth rate over the forecast period. This is due to the
increasing demand for cloud computing in medical imaging as it allows
clinicians to share patient data across the region in crucial cases, such as
major trauma or stroke.
·
North America was the highest
revenue-generating region of the market, owing to the incorporation of
Healthcare Information Technology (HIT) and better healthcare facilities in the
region. Every year, the North American Radiology Society conducts a workshop on
clinical trials in radiology and imaging through small sessions and
discussions. This workshop provides an experience in radiology clinical trials,
learning the methodological aspects of the field, and designing and conducting
an analysis of imaging clinical trials.
·
Asia Pacific is expected to
spearhead the future market growth. The Asian healthcare IT solutions market is
growing at a rapid rate to overcome critical issues of the adverse drug effects
and dosage-related issues. This is actively accelerating the demand for
Radiology Information System (RIS), Picture Archiving and Communication System
(PACS), Picture Information System (PIS), and Clinical Decision Support Systems
(CDSS).
·
In 2013, Singapore Health
Ministry’s IT arm, Integrated Health information systems (IHis) and SingHealth
and Eastern Health Alliance (EH Alliance) groups purchased Carestream’s Vue
PACS and VUE RIS to achieve accurate radiology results and effectively manage
patient’s imaging data
·
The key players of the
Radiology Information System (RIS) market include MedInformatix Inc., McKesson
Corporation, Cerner Corporation, GE Healthcare, Philips Healthcare, and Siemens
AG
·
In 2015, the ASA biometric
section funded an annual workshop in Scottsdale, Arizona. The workshop
presented an opportunity to learn about the imaging clinical trials and to gain
experience by collaborating with the imaging specialists and radiologists,
which is helpful in the radiology information system.
Grand View Research has segmented
the global Radiology Information System (RIS) market on the basis of product,
deployment mode, end-use and region:
Radiology Information System (RIS) Product Outlook
(Revenue, USD Million, 2012 - 2022)
·
Integrated RIS
·
Standalone RIS
Radiology Information System (RIS) Deployment Mode Outlook
(Revenue, USD Million, 2012 - 2022)
·
Web-based
·
Cloud-based
·
On-Premise
Radiology Information System (RIS) End-use Outlook
(Revenue, USD Million, 2012 - 2022)
·
Hospitals
·
Outpatient Department (OPD)
Clinics
·
Others
Radiology Information System (RIS) Regional Outlook
(Revenue, USD Million, 2012 - 2022)
·
North America
·
U.S
·
Canada
·
Europe
·
UK
·
Germany
·
France
·
Rest of Europe
·
Asia Pacific
·
India
·
Japan
·
China
·
Rest of Asia Pacific
·
Latin America
·
Brazil
·
Mexico
·
Rest of Latin America
·
MEA
·
South Africa
·
Rest of MEA
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range of
industries including technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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