Radiology Information Systems Market Worth $722.7 Million by 2019

PUNE, India, August 27, 2015 /PRNewswire/ --

According to a new market research report "Radiology Information Systems Market by Type (Integrated, Standalone), by Deployment Mode (Web based, On-Premise, Cloud-Based), by End User (Hospitals, Office based Physicians, Emergency Healthcare Service Providers), by Component - Global Trends & Forecast to 2019", the global Radiology Information Systems Market is estimated at $501.1 Million 2014, and is projected to reach $722.7 Million by 2019, at a CAGR of 7.6% from 2014 to 2019.

Browse 60 Tables and 55 Figures spread through 105 Pages and in-depth TOC on "Radiology Information Systems Market"

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A radiology information system is a computer system that is aimed to support effective workflow and business analysis in a radiology department. This system helps in managing all the business functions of the department, from patient management, analysis, and inventory control. These systems provide ease of use and are easily accessible. Moreover, these systems offer benefits, such as high security, reliability, and privacy as they can be accessed by only authorized users. Factors such as improved healthcare information technology systems, growth in the incidence rate of chronic diseases, increase in government funding for cancer-related researches, and rise in demand for better healthcare services are some of the key drivers responsible for the growth of the Radiology Information Systems Market.

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The integration and close operability between RIS and hospital information systems (HIS) can create an open source of data transfer between hospitals and radiology departments; this can be achieved by applying two mechanisms. First, the sharing of information needs to be enabled by the application of a message sharing mechanism, which abides to the health level seven (HL7) protocols.

This enables the sharing, transfer, and storage of data among the RIS systems and data storage units. In the second mechanism, the interface between HL7 protocols and digital imaging and communication of imaging (DICOM) protocols should be developed to link RIS and picture archiving software. The combination of these two mechanism bridges the gap between RIS and HIS and develops a user-friendly graphical interface for daily use.

The global radiology information systems (RIS) market has been segmented on the basis of type, component, deployment mode, end user, and geography. On the basis of type, the global Radiology Information Systems Market has been segmented into integrated RIS and standalone RIS. The integrated RIS segment dominated the global Radiology Information Systems Market in 2014. Based on components, the market has been categorized into services, software, and hardware. On the basis of deployment mode, the market has been categorized into web-based, on premise, and cloud-based.

The research study is aimed at identifying emerging trends and opportunities in the global Radiology Information Systems Market along with detailed classifications, in terms of revenue. It provides comprehensive competitive landscape information and identifies the key players with respect to market size and market share.

Apart from the market segmentation, this report also makes use of the Porter's Five Forces analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global Radiology Information Systems Market.

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