PUBLISHER: The Business Research Company | PRODUCT CODE: 1706197
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706197
A radiology information system is a specialized software system designed for managing medical imagery and related data within radiology departments and diagnostic imaging centers. It automates and streamlines various daily operations including administrative tasks, clinical workflows, operational processes, patient registration, scheduling, order tracking, billing, reporting, and more.
The primary types of products in radiology information systems include integrated radiology information systems and standalone radiology information systems. An integrated radiology information system (RIS) is a comprehensive software solution used in healthcare settings, especially in radiology departments and imaging centers, to handle various aspects of radiology operations and patient information. It offers different deployment options such as web-based, cloud-based, and on-premise to suit various end-users including hospitals, clinics, outpatient departments, office-based physicians, emergency healthcare providers, and research and academic institutes.
The radiology information systems market research report is one of a series of new reports from The Business Research Company that provides radiology information systems market statistics, including radiology information systems industry global market size, regional shares, competitors with a radiology information systems market share, detailed radiology information systems market segments, market trends and opportunities, and any further data you may need to thrive in the radiology information systems industry. This radiology information systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The radiology information systems market size has grown rapidly in recent years. It will grow from $0.93 billion in 2024 to $1.03 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to regulatory changes, demographic trends, cost pressures, consolidation in healthcare, and quality improvement initiatives.
The radiology information systems market size is expected to see rapid growth in the next few years. It will grow to $1.51 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to population health management, telemedicine expansion, artificial intelligence integration, patient-centric care models, data analytics and business intelligence. Major trends in the forecast period include increasing adoption of cloud-based solutions, integration of blockchain technology for data security and interoperability, expansion of imaging modalities beyond traditional radiology, emphasis on interoperability and data exchange standards, and growth of teleradiology and remote reporting services.
The increasing prevalence of chronic diseases is anticipated to drive the growth of the radiology information systems market in the coming years. Chronic diseases, or non-communicable diseases (NCDs), are long-lasting health conditions that develop slowly and persist over time. These diseases are often caused by factors such as an aging population, sedentary lifestyles, poor diet, lack of physical activity, and environmental influences. Radiology information systems play a crucial role in diagnosing, managing, and monitoring chronic diseases by enabling efficient storage, retrieval, and analysis of medical imaging data. For example, in January 2023, the National Institutes of Health, a US-based government agency, projected that by 2035, 35.66% (with a range of 33.36-36.04) of adults aged 50 and older would have at least one chronic condition, with this figure expected to rise to 47.81% (range: 46.09-49.71) by 2050. As a result, the rising incidence of chronic diseases is expected to propel the growth of the radiology information systems market.
Leading companies in the radiology information systems market are incorporating innovative features into their healthcare application suites, including networked software systems, to enhance interoperability and optimize workflows. A networked software system consists of several software components that communicate over a network to work together on various tasks. This structure allows for distributed operations, scalability, and smooth communication between devices and applications. For example, in January 2024, Vertex in Healthcare, a UK-based company specializing in software development and ICT for the healthcare sector, introduced the VRIS (Vertex Radiology Information System). The VRIS aims to improve the efficiency of radiology departments by automating workflows and enhancing patient engagement through an intuitive portal. Its goal is to simplify operations, boost diagnostic throughput, and aid in informed decision-making within healthcare environments.
In November 2023, InsiteOne, a cloud-based clinical image management company, acquired Brit Systems to strengthen its position in the healthcare imaging IT market, offering a wider range of cloud-based solutions and enhancing the overall value proposition for healthcare providers. Brit Systems provides radiology information systems to manage scheduling, order tracking, results reporting, and other aspects of the radiology workflow.
Major companies operating in the radiology information systems market are McKesson Corporation, General Electric Company, Oracle Corporation, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Cerner Corporation, Hologic Inc., Shimadzu Corporation, Epic Systems Corporation, Agfa-Gevaert Group, Veradigm LLC, Carestream Health, Allscripts Healthcare LLC, Esaote S.p.A., Sectra AB, Canon Medical Systems Corporation, Pro Medicus Limited, EIZO Corporation, eRAD, Fischer Medical, MedInformatix Inc.
North America was the largest region in the radiology information systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radiology information systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the radiology information systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The radiology information systems market consists of revenues earned by entities by providing services such as patient management, appointment scheduling, workflow management, image management, archiving, and report generation. The market value includes the value of related goods sold by the service provider or included within the service offering. The radiology information systems market also includes sales of radiology workstations, servers, networking equipment, scanners, printers, and an order entry module. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Radiology Information Systems Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on radiology information systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for radiology information systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The radiology information systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.