Radiology Information System(RIS) has various features that include,
RIS can be integrated withPicture Archiving and Communication System (PACS), Electronic Medical Record(EMR) system or Hospital Information System (HIS)
Dictation support as in-app voicerecognition or integration to allow using microphone to speak commands anddictate notes and reports
Result delivery via email
Administrative dashboard and reports
The global RadiologyInformation System Market is estimated to account for US$ 814.3 Mn in termsof value in 2019 and is expected to reach 1,620.5 Mn by the end of 2027.
Global Radiology InformationSystem Market: Drivers
Increasing adoption of RIS isexpected to propel growth of the global radiology information system marketover the forecast period. For instance, in February 2019, Radiology Associatesof Albuquerque, a provider of diagnostic imaging services in the U.S. selectedMedInformatix to deploy a new RIS.
Global Radiology InformationSystem Market: Opportunities
Major organizations are focusedon offering grants to boost R&D in the field of radiology, which isexpected to offer lucrative growth opportunities for players in the market. Forinstance, in April 2019, Macadamian, a software company, received a US$ 495,000grant from Eurostars, a European funding program for innovative R&Dprojects, and the National Research Council of Canada for X-AID, an AI-drivenradiology clinical decision support software tool.
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Global Radiology InformationSystem Market: Restraints
Security concerns regarding RISare expected to hamper growth of the market. RIS is prone to hacking and theftof sensitive patient information. RIS is also susceptible to ransomware, wherea version of malware halts access to patient records.
Key Takeaways:
Integrated segment in the globalradiology information system market was valued at US$ 561.7 Mn in 2018 and isexpected to reach US$ 1,264.7 Mn by 2027 at a CAGR of 9.0% during the forecastperiod. Integrated radiology information systems offer access to all the dataon a real time basis, and it can be accessed from anywhere in the hospital.Moreover, it’s feasible to integrate these systems with radiology informationsoftware on premise easily.
The cloud-based deploymentsegment held dominant position in the global radiology information systemmarket in 2018, accounting for 69.5% share in terms of value, followed byon-premises segment, respectively. Cloud based services do not requireinstallation of hardware at the installation site, instead, service providerslook after data management through cloud services. This is expected to supportgrowth of the segment over the forecast period.
The hospitals segment helddominant position in the global radiology information system market in 2018,accounting for 56.5% share in terms of value, followed by diagnostic labs andclinics, respectively.
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Market Trends
Major medical diagnostic imagingcenters are adopting RIS. For instance, in February 2019, Welch Road Imaging, amedical diagnostic imaging center in the U.S. integrated RamSoft PowerServerRIS/PACS with openDoctor.
Major government organizationsare also focused on adopting RIS. For instance, in April 2019, The New SouthWales Ministry of Health signed a contract with Sectra, a Sweden-based medicalimaging vendor, to roll out an enterprise RIS across 11 local health districtsand speciality networks.
Global Radiology InformationSystem Market: Competitive Landscape
Major players operating in theglobal radiology information system market include, Cerner Corporation,Allscripts Healthcare Solutions Inc., Epic Systems Corporation, GeneralElectric Company, Koninklijke Philips N.V., Siemens AG, McKesson Corporation,Merge Healthcare Incorporated, Medinformatix Inc., eRAD, and RamSoft Inc.
Global Radiology InformationSystem Market: Key Developments
June 2019: RamSoft Inc. receivedorder from Washington Open MRI for its PowerServer RIS/PACS to unify itsdiagnostic imaging workflow into a single database solution in its sixfacilities across the state of Maryland U.S.
November 2018: eRAD receivedcontact to deploy eRAD RIS and Speech Recognition at InMed Diagnostic of CoralSprings, a multi-modality imaging provider in the U.S.
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