Radiology Information System Market Research by IBM Watson health, Allscripts healthcare solutions and Cerner Corporation with Size and Share Till 2023

Radiology Information System Market
The Global Radiology Information System Market is segmented on the basis of type, component, deployment, end-user and by region. By type, the market is segmented into integrated radiology information system and standalone radiology information system.

The Global Radiology Information System (RIS) Market is a huge market, and a large number of companies are involved in the development of this market. That being said, some of the big companies have captured significant share in the global market taking advantage of their strong position in the world business and presence in a number of countries and regions all across the world. The major strategy implied by the players in this market is continuous innovation and development of the new and better products.

The top market players in the Global Radiology Information System Industry are IBM Watson Health, Allscripts Healthcare Solutions, Cerner Corporation, Koninklijke Philips and N.V, GE Healthcare. Among these, Allscripts, Cerner Corporation, GE Healthcare, and IBM Watson health together hold more than 40% of the market share.

Apart from these, there are many privately held companies which have entered the RIS platform services, some of these include IMAGE Information Systems, Ambra Health, Advanced Data Systems Corporation, eRAD, PERFECT IMAGING LLC, and Medinformatix Inc among others. These privately held small companies have come up with innovative software solutions and RIS tools which have created a huge competition among players. Entry of new players with improved products and low pricing has posed a threat to the dominance of established market players. Even though these small players capture market share in relatively smaller regions, their contribution to the growth of the global radiology information system market is significant.

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Market Snapshot

The radiology information system (RIS) is a revolutionary healthcare technology and remains sought-after worldwide. Integration of RIS improves medical imagery data management to a significant extend. The development of the system has enabled physicians to track radiology imaging order. The system is also used in combination with VNAs and PACS to manage record-keeping, billing and image archives. The demand for RIS is likely to remain strong over the next couple of years. The global market size for radiology information system (RIS) is expected to increase from USD 692.5 Mn in 2017 to more than USD 1100 Mn by 2023-end. This represents an above-average growth for the market during the forecast period.

Report Overview

This report delivers a vivid observation on global market landscape for radiology information system. An exhaustive analysis of the market that combines a historical overview and five years forecast, ending in 2023 is offered in it. The report users will gain firsthand information on key factors influencing the global demand for RIS and its sales. The primary objective of the report is to deliver a thoughtful interpretations and narration pertaining to research finding, enabling investors to make informed decisions on the business. The report also includes market revenue breakdown on the basis of type, component, deployment, end-user and by region. Based on type of RIF, the market revenue has been analyzed for standalone radiology information system and integrated radiology information system. Market segments by component include software, hardware and services. On the basis of deployment, revenues from on-premise and cloud-based/web-based RIS have been estimated. The report observes that research & academic institutes and hospitals & clinics are the primary end users of RIF.

Radiology Information System (RIS) Market Report Coverage

Value, Market Share, Player Analysis, supply chain analysis, Porter’s five forces model, demand & supply: gap analysis, investment opportunities analysis, pricing analysis, country level break down for type, component, deployment, end-user.

Players Covered

IMAGE information systems, Ambra health, Advanced data systems corporation, Carestream Health, eRAD, Epic systems, PERFECT Imaging, LLC, IBM Watson health, Allscripts healthcare solutions, Cerner Corporation, Medinformatix, Inc, Bayer AG, Koninklijke Philips N.V, GE healthcare, and NextGen healthcare.

Other Description

  • Base Year- 2017
  • Forecast Period- From 2018 to 2023
  • Market Denomination- USD Million

Type

  • Integrated radiology information system
  • Standalone radiology information system

Component

  • Software
  • Services
  • Hardware

Deployment

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

End-User

  • Hospitals & Clinics
  • Research & Academic Institutes
  • Others

By Region

  • North America; The U.S., and Canada
  • Europe; Germany, the UK, France, Spain, Italy, and Rest of Europe
  • Asia Pacific (APAC); China, Japan, India and Rest of Asia Pacific
  • The Middle East & Africa (MEA)
  • South America

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