The global radiology information system market size was US$ 1126.26 million in 2021. The global radiology information system market size is forecast to reach US$ 2,241.50 million by 2030, growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.

A Radiology Information System (RIS) is a sophisticated database system used by radiology professionals to manage patient data and the large quantities of imaging data generated by diagnostic and therapeutic procedures. Radiology information systems or RISs are a special kind of electronic health record. The system controls and manages patient data. An information system in radiology allows staff to integrate multiple functions into a single solution, eliminating redundant actions and increasing the staff's efficiency. The RIS streamlines patient registration and scheduling, billing, and results reporting, enabling the staff to serve more patients.

Factors Influencing Market Growth

• With the increase in the elderly population, chronic diseases have become more prevalent. As a result, it increases the demand for radiological tests, thus driving the global market growth.
• With the advancement of technology and the growing expenditure in the healthcare IT sector, this factor is forecast to offer lucrative opportunities for the global radiology information systems (RIS) market.
• A growing number of cyber-attacks and the potential exploitation of personal data related to patients may slow down the overall market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had a minimal impact on the global market growth. A majority of radiology practices reported significant declines in imaging volumes in 2020, particularly for outpatient imaging. However, the rising COVID-19 patients have resulted in higher demand for these systems. Among COVID-19 patients, radiology plays a critical role in diagnosis. As a result of the pandemic, the number of chest X-rays and chest CTs performed on COVID patients increased significantly, increasing the workload of the chest radiology department. The fact that these patients required extensive follow-up studies within established time limits increased the workload for the radiology department. 

Regional Insights

North America held dominant in the market in 2021, leading the market for radiology information systems. The rising advancement of RIS systems, a rise in radiologists, and new software systems developed by vendors. As a result of the launch of comprehensive RIS systems with integrated PACS, the medical imaging procedure has become more systematic and easier for patients, resulting in strong growth in the region.

The Asia Pacific region is forecast to experience rapid growth during the forecast period. The growing demand for outsourcing services in the Asia Pacific region, along with growing awareness about workflow management in clinics, hospitals, and diagnostic laboratories, is driving the market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global radiology information systems market are:

• General Electric Company
• Allscripts Healthcare Solutions, Incorporated
• Carestream Health, Incorporated
• Cerner Corporation
• Epic Systems Corporation
• International Business Machines Corporation
• Koninklijke Philips N.V.
• McKesson Corporation
• MedInformatix, Incorporated
• Siemens AG
• Other Prominent Players

Scope of the Report

The global radiology information systems market segmentation focuses on Type, Component, Deployment Mode, End-User, and Region.

Segmentation based on Type

• Integrated
• Standalone

Segmentation based on Component

• Hardware
• Software
• Services

Segmentation based on Deployment Mode

• Web-Based
• Cloud-Based
• On-Premise

Segmentation based on End-User

• Hospitals
• Office-Based Physicians
• Healthcare Payers

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America