Global Radiology Information Systems Market is Growing at a Significant Rate in the Forecast Period 2018-2025


Global Radiology Information Systems Market,“By Product Type (Integrated Radiology Information Systems, Standalone Radiology Information Systems), By Components (Services, Software, Hardware), By Deployment Mode (Web-Based, On-Premise, Cloud-Based), By End-User (Hospitals, Office Based Physicians, Emergency Healthcare Service Providers),  By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast is projected to reach USD 1.81 billion by 2025, at a CAGR of 9.8% during the forecast period of 2018 to 2025.

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Global Radiology Information Systems Market

A radiology information system is very useful in tracking radiology imaging orders. This is network software which is widely used for managing medical imagery and associated data. This is very useful in managing radiological records and associated data in multiple locations. Radiology information system can generate statistical reports for a single patient or group of patients. It is used for maintaining records in electronic form like images, reports and that can be viewed by authorized staff only thus offering high security. We can say radiology information system is a computer system which supports the effective workflow and business analysis of a radiology department. This plays a very important role in patient management, analysis, and inventory control.

Today most of the hospitals are taking their steps forward in working paperless by accepting Picture Archive and Communication System (PACS) and Radiology Information System (RIS). For instance, in November 2013, Two leading Singapore public healthcare groups, SingHealth and Eastern Health Alliance also called as EH Alliance, and the Singapore Health Ministry’s IT arm, IHiS, purchased Carestream’s Vue Radiology Information System (RIS) and Vue Picture Archiving and Communications System (PACS). This provides better access and management of radiology results and patient imaging data. Around 4 million patient visits singHealth group every year. Furthermore, in May 2015, Ricoh India launched its fully integrated cloud-enabled PACS solution ‘Picasso’ in Hyderabad. The new solution from Ricoh will provide access of medical images to patients and clinicians at reduced cost of. This offers a wide range of benefits to patients, hospitals, consultants and radiologist. “Picasso” provides anytime- anywhere access to patients to the medical images on mobile, tablets, laptops etc.

Segmentation: Global Radiology Information Systems Market

The global market for radiology information system by the following sub-categories is presented

  • By Product Type

    • Integrated Radiology Information Systems
    • Standalone Radiology Information Systems

  • By Components

    • Services
    • Software
    • Hardware

  • By Deployment Mode

    • Web-Based
    • On-Premise
    • Cloud-Based

  • By End-User

    • Hospitals
    • Office Based Physicians
    • Emergency Healthcare Service Providers

  • By Geography

    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East and Africa

FACTORS DRIVING GROWTH OF THE GLOBAL RADIOLOGY INFORMATION SYSTEMS MARKET

Increasing need for improved healthcare information technology systems:

According to diagnostic and interventional cardiology 2012 report, new trends and technology in radiology are being witnessed. The newer remote viewing systems allow access via e-mail or the Internet to images and reports through modules for a PACS, third-party standalone systems or linked to the facility’s archive/storage system. Most of them are web based or cloud based system so they can be easily accessed outside the hospital and comes with a password protection to ensure security.

 In April 2018, Philips partnered with digital China health to launch SHINEFLY, which is a secure cloud-based platform for tele-radiology applications. This will help primary and remotely located hospitals in China to enhance the access and quality of care.

A study was conducted to find the impact of PACS on its users in hospitals of Saudi Arabia, which included a questionnaire, response rate, was 62.5%. The study results showed that PACS has a positive impact on its users. Users have shown a positive insight towards the PACS for its impacts on their daily work.

As per the study conducted in 2000, PACS technology was installed only in 8.5% of the hospitals. By 2008, around 3,928 hospitals out of the 5,168 hospitals covered under the survey, or about 76.0% of total hospitals, indicated that PACS was used in at least one of the modalities, such as digital mammography.

Today various private companies, organization are playing an active role in radiology information services to enhance the access and quality of care; hence this market is expected to achieve a inclining growth in future.

Growth in the rate of chronic diseases:

There are various diseases and conditions in which radiology procedures are used such as brain tumors, breast cancer, cervical cancer, crohn’s disease, head injury, osteoporosis, renal cysts, lung cancer, various fractures, blood clots, fatty liver disease, gallstones etc.

As per the Public Healthcare system in Poland, in 2000 number of diagnostic procedures performed were117,435 as compared to 156,214 in 2008. The current number is 170,000. Up to 38.0% were simple thyroid scintigraphies, 25.0% were bone scans, 11.0% heart scintigraphies and 10.0% kidney scans.

According to The Hindu news of 2016, brain tumour foundation of India stated in India, every year 40,000-50,000 persons are diagnosed with brain tumour. Of these 20 per cent are children. According to the brain tumor statistics in November 2017, an estimated 23,880 adults (13,720 men and 10,160 women) in the United States were diagnosed with primary cancerous tumors of the brain and spinal cord.

According to world health organization, it is estimated that worldwide over 508 000 women died in 2011 due to breast cancer. In most of the developing countries the rate of breast cancer is 40 per 100,000, in eastern Africa it is 19.3 per 100,000, and in western Europe it is 89.7 per 100,000. And this number is estimated to increase with increasing population.

As various disease condition such as breast cancer, brain tumor are needed radiology procedures, it is very necessary to maintain their records, their reports up to date, may be just on one click. It’s very complicated to carry a bunch of reports every time to a physician and often results in misplace of reports. Hence radiology information service can play a very vital role, in fact most of hospitals, patients  today use their reports in electronic form so that they can be shared just on one click using PACS & RIS, which makes this market pool of promising opportunities in future. 

Some of the major market players in this market are Agfa-Gevaert Group, Carestream Health, General Electric Company, Koninklijke Philips N.V, McKesson Corporation, FUJIFILM Holdings Americas Corporation, Siemens Healthcare Private Limited, IBM Watson Health, Softneta, Çizgi Teknoloji Elektronik Tasarım ve Üretim A.Ş, INFINITT North America Inc, aycan Medical Systems, LLC, MEYTEC GmbH Medizinsysteme, PaxeraHealth, Allscripts, General Electric Company, Epic Systems Corporation.

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