San Francisco, California, July 10, 2017 : The rise in the geriatric population, who frequently suffer from numerous medical complications, and recent technological advancements are two of the key factors driving the global radiology information systems market, according to a report by TMR Research. The report, titled “Radiology Information Systems (RIS) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” represent the currently scenario and provides in-depth assessment of all factors that may drive or restrain the demand for RIS in the near future. It segments the market into smaller aspects as well as regions, and gauges the potential of each of those segments. A number of leading companies operating in the global radiology information systems market have also been profiled in the report in order to highlight the competitive landscape and the opportunities for new entrants.
Radiology information systems relates to the management of business functions of diverse departments, from inventory control to patient treatment, and provide benefits such as reliability, high security, and privacy. Factors such as growing incidences chronic diseases, improving healthcare information technology systems, adoption of cloud technology, incremented government funding for cancer-related research, and escalating demand for efficient and affordable healthcare services are some of the other prominent drivers that are expected to lead to the prosperity of the radiology information systems market. On the other hand, increasing concerns regarding the patient data security, the lack of experience professionals in radiology, and high treatment cost are some of the hindrances faced by the market.
Based on product type, the global radiology information systems market can be segmented into standalone RIS and integrated RIS. On the basis of deployment mode, the market can be classified into web-based, on-premise, and cloud-based. Component-wise, the market can be bifurcated into services, software, and hardware. End-users of the RIS market can be hospitals, emergency healthcare centers, and office-based physicians. Geographically, the report analyzes the prospects of radiology information systems market in all important regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Owing to factors such as lower cost, higher productivity, and the robustness of healthcare IT systems, North America serves the maximum demand in the global RIS market and is expected to remain most profitable region throughout the forecast period, until 2025.
Some of the key companies operating in the global radiology information systems market are McKesson Corporation, GE Healthcare, Epic Systems, Cerner Corporation, Siemens AG, Philips Healthcare, Allscripts Healthcare Solutions, Inc., MedInformatix, Inc., and Merge Healthcare, Inc. The development of new technology-based services and mergers and acquisitions are two primary strategies for these key players to maintain their stronghold over the market for radiology information systems.