A radiology information system is a computer system that provides business analysis and effective workflow in the radiology department. The system helps in managing all the business functions of the department, from patient management and analysis, to inventory control. These systems are easy to use and are easily accessible. They offer benefits, such as high security, reliability, and privacy, and can be accessed by only authorized users. The global radiology information systems market is expected to register a CAGR of 7.5% during the forecast period, 2018 to 2023.
Improved Healthcare Information Technology Systems
The healthcare information technology systems have advanced a lot over the decades, and have been mediating well in providing better and improved healthcare for all. In the 1960s, the main healthcare drivers were Medicare and Medicaid. The IT drivers were expensive mainframes and storage. Because computers and storage were large and expensive, hospitals typically shared a mainframe. Since then, there has been an increased integration and commencement of outcome-based reimbursement, emergence of cloud computers and cloud-based big data analytics, and much more. These advancements are helping in the growth of the radiology information systems market.
Growth in the incidence rate of chronic diseases and increase in government funding for cancer-related researches are also driving the market growth.
High Cost of Installation
The high cost of installation of these systems is restraining the market growth. Due to the high cost, it is not feasible for all the hospitals to get these systems incorporated.
Additionally, interoperability issues and availability of skilled workers are also restraining the radiology information systems market growth.
North America to Dominate the Market
The global radiology information systems market is segmented by type, deployment mode, component, end users, and geography. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America dominates the market due to the cost, quality, and productivity benefits associated with healthcare IT systems and products.
Key players: ALLSCRIPTS HEALTHCARE SOLUTIONS INC., CARESTREAM HEALTH, INC., EPICSYSTEMS CORPORATION, MERGE HEALTHCARE INCORPORATED, GE HEALTHCARE, MCKESSON CORPORATION, PHILIPS HEALTHCARE, SIEMENS HEALTHCARE, CERNER CORPORATION, MEDINFORMATIX INC. amongst others.
Reasons to Purchase This Report
Market analysis for the global radiology information systems market, with region-specific assessments and competition analysis on a global and regional scale
Analyzing various perspectives of the industry with the help of Porter's five forces analysis
The treatment type that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the market estimate sheet (in excel)
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Table of Contents
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
- 5.1 Current Market Scenario
- 5.2 Porter's Five Forces
- 5.2.1 Bargaining Power of Suppliers
- 5.2.2 Bargaining Power of Consumers
- 5.2.3 Threats of New Entrants
- 5.2.4 Threat of Substitute Products And Services
- 5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities And Challenges Analysis (Droc)
- 6.1 Market Drivers
- 6.1.1 Improved Healthcare Information Technology Systems
- 6.1.2 Growth in the Incidence Rate of Chronic Diseases
- 6.1.3 Increase in Government Funding for Cancer-related Researches
- 6.2 Market Restraints
- 6.2.1 Interoperability Issues
- 6.2.2 High Cost of the Installation
- 6.2.3 Availability of Skilled Workers
- 6.3 Opportunities
- 6.4 Key Challenges
7. Market Segmentation
- 7.1 By Type
- 7.1.1 Integrated Radiology Information System
- 7.1.2 Stand-alone Radiology Information System
- 7.2 By Deployment Mode
- 7.2.1 On-Premise
- 7.2.2 Web-Based
- 7.2.3 Cloud-Based
- 7.3 By Component
- 7.3.1 Hardware
- 7.3.2 Software
- 7.3.3 Services
- 7.4 By End Users
- 7.4.1 Hospitals
- 7.4.2 Office-based Physicians
- 7.4.3 Emergency Healthcare Service Providers
- 7.5 By Geography
- 7.5.1 North America
- 220.127.116.11 United States
- 18.104.22.168 Canada
- 22.214.171.124 Mexico
- 7.5.2 Europe
- 126.96.36.199 France
- 188.8.131.52 United Kingdom
- 184.108.40.206 Germany
- 220.127.116.11 Italy
- 18.104.22.168 Spain
- 22.214.171.124 Rest of Europe
- 7.5.3 Asia-Pacific
- 126.96.36.199 India
- 188.8.131.52 China
- 184.108.40.206 Japan
- 220.127.116.11 Australia
- 18.104.22.168 South Korea
- 22.214.171.124 Rest of APAC
- 7.5.4 Middle East & Africa
- 126.96.36.199 GCC
- 188.8.131.52 South Africa
- 184.108.40.206 Rest Of Middle East & Africa
- 7.5.5 South America
- 220.127.116.11 Brazil
- 18.104.22.168 Argentina
- 22.214.171.124 Rest of South America
8. Competitive Landscape
- 8.1 Mergers And Acquisition Analysis
- 8.2 Agreements, Collaborations & Partnerships
- 8.3 New Products Launches
9. Key Players
- 9.1 Allscripts Healthcare Solutions, Inc.
- 9.2 Carestream Health, Inc.
- 9.3 Cerner Corporation
- 9.4 Medinformatix, Inc.
- 9.5 Epic Systems Corporation
- 9.6 Merge Healthcare Incorporated
- 9.7 GE Healthcare
- 9.8 Mckesson Corporation
- 9.9 Philips Healthcare
- 9.10 Siemens Healthcare
10. Future of the Market\