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Global Radiology Information Systems Market will Reach US$ 1,179.2 Mn by 2024

Author: Ritu Parey
by Ritu Parey
Posted: Jan 14, 2018

Hospitals, medical research institutes, as well as governments, across the globe are hiking their healthcare IT spending to bring reforms in both, operations and outcomes. Instating databases is turning out to be more of a necessity for healthcare institutions, particularly for the field of radiology. Criticality of data produced and used by radiologists is compelling them to utilize speedy & error-proof data transference systems. Correspondingly, the transformation of global healthcare industry through digitization trends is also necessitating the deployment of radiology information systems. In its latest publication, Persistence Market Research has compiled more of such factors that will keep driving the growth of global radiology information system market in the years to come. According to this report, the global market for radiology information systems, which is presently valued at US$ 580.2 Mn, is anticipated to soar at 8.3% CAGR and reach US$ 1,179.2 Mn value by the end of 2024.

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Titled as “Radiology Information Systems Market: Global Industry Analysis and Forecast, 2016-2024,” the report reveals that global demand for radiology information systems continues to grow on the account of rising incidence rate of lifestyle-related diseases. Increasing consumer awareness to radiological procedures, and easy accessibility to these technologies are also serving as proponents for adoption of radiology information systems. Since installing radiology information systems supports a value-based healthcare model, medical practitioners are also promoting it as the immediate future of “digitalized” radiology.

By the end of 2024, North America will remain as the largest market for radiology information systems in the world. In 2016, the region’s radiology information systems market was valued at US$ 269 Mn. Meanwhile, Europe’s advanced healthcare infrastructure will also work in the favor of radiology information system adoption. Throughout the period, Europe’s radiology information system revenues will soar at a health CAGR, and contribute to nearly 23% share. Although, fastest revenue growth is expected to be recorded by Latin America and the Asia-Pacific regions – revenues from which will surge at more than 8% CAGR.

Ten of the leading companies developing radiology information systems in the world are profiled in the report, and they include Cerner Corporation, Siemens AG, Merge Healthcare Incorporated (IBM), Koninklijke Philips NV, Allscripts Healthcare Solutions Inc., Epic Systems Corporation, Novarad Corp., General Electric Company, McKesson Corporation, and Medinformatix Inc.

For more information about this report visit @ https://www.persistencemarketresearch.com/market-research/radiology-information-systems-market.asp

About the Author

Persistence Market Research (Pmr) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services.

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Author: Ritu Parey

Ritu Parey

Member since: Nov 15, 2017
Published articles: 3

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