PUBLISHER: Grand View Research | PRODUCT CODE: 1552538
PUBLISHER: Grand View Research | PRODUCT CODE: 1552538
The global radiology information systems (RIS) market size is anticipated to reach USD 2.35 billion by 2030, registering a CAGR of 9.78% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing incidence of chronic diseases and the integration of advanced technologies in healthcare facilities have led to the increased usage of digital healthcare infrastructure. This infrastructure helps collect and manage information generated by hospitals, clinics, and institutes, thereby enhancing the efficiency and effectiveness of their services. Incorporating Artificial Intelligence (AI) into RIS presents significant growth opportunities for the market. This will lead to improved workflows, enhanced patient care, and ongoing support for radiologists. It also enables radiologists to provide a cohesive ecosystem experience to facilitate quicker, more precise, and consistent diagnoses.
For instance, in January 2024, Koninklijke Philips N.V. unveiled its AI-driven enterprise imaging portfolio, featuring next-generation Ultrasound, MRI, and CT systems, at the 76th Annual Conference of the Indian Radiological and Imaging Association (IRIA) 2024 in Vijayawada. In addition, it introduced its Compact Ultrasound System 5000 series and emphasized its MRI with BlueSeal magnet, designed to reduce helium usage and related complications. Moreover, government initiatives promoting the adoption of RIS are anticipated to drive market expansion. An increasing number of medical imaging tests for various diseases is also anticipated to drive market growth. As per the Diagnostic Imaging Dataset Annual Statistical published by NHS England, in November 2023, around 7.1 million CT scans and 4.1 million MRI scans were performed in the UK from 2021/22. Furthermore, the number of radiology labs and increasing installations of MRI and CT scans have created the demand for RIS in hospitals.