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

According to Data Bridge Market Research new Market report, Global Radiology Information Systems (RIS) 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 to 2025.

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Global Radiology Information Systems Market

A radiology information system (RIS) is a networked software suite for managing medical imagery and associated data. This is very useful in managing radiological records and associated data in multiple locations, and is often used in conjunction with a picture archiving and communication system (PACS) to manage workflow and billing. It’s like maintaining records in electronic form like images, reports and that can be viewed by authorized staff only thus offering high security. We can say that the 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).

According to news, released by Ricoh India in May 2015, launch of fully integrated cloud-enabled PACS solution ‘Picasso’ in Hyderabad has been announced. The new solution from Ricoh will not only provide access of medical images to patients and clinicians, reduce cost of providing medical care but also help us in saving environment. This will offer 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.

According to news released on “evaluate” 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, have purchased Carestream’s Vue Radiology Information System (RIS) and Vue Picture Archiving and Communications System (PACS) for obtaining better access and management of radiology results and patient imaging data. Around 4 million patient visits are been attended by singHealth group every year.

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 IN THE GLOBAL RADIOLOGY INFORMATION SYSTEMS MARKET

Increasing need for improved healthcare information technology systems:

According to diagnostic and interventional cardiology in December 2012, new trends and technology in radiology has been seen. The newer remote viewing systems allow access via e-mail or the Internet to images. It also reports through modules for a PACS. This is a third-party standalone system 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 of the hospital computer system and comes with a password protection to ensure security.

According to a news release by Philips in April 2018, Philips partners 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, A questionnaire was prepared and was submitted, 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.

PACS technology was installed only in 8.5% of the hospitals, as per the study conducted in 2000. 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.

As with the time passes we can see various improved healthcare information technology systems. Today various private companies, organization are playing an active role in radiology information services to improve and to enhance the access and quality of care; hence this market is expected to achieve an 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 compare to 156,214 in 2008 and 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 a news release on The Hindu in June 2016, brain tumor foundation of India says n India, every year 40,000-50,000 persons are diagnosed with brain tumor. 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 will be diagnosed with primary cancerous tumors of the brain and spinal cord this year.

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 this various disease condition such as breast cancer, brain tumor are needed to go through radiology procedures, hence this 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, sometime this can result in misplace of reports. Hence here 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, thus this market is expecting 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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