Market Introduction
A radiology information system is a computer system that is aimed to support effective workflow and business analysis in a radiology department. The radiology information system is software, which manages the data for the hospital's radiology department and clinics in an electronic form. Data could be in different forms, such as billing, scheduling, and medical imaging. It is significant to store and keep track of the data for future references. Radiology information system implementation facilitates increased work efficiency, better patient coordination, reduced medical errors, improved diagnosis, and streamlined administrative functions.
Market Overview and Dynamics
The North America Radiology Information Systems market is projected to expected to grow from US$ 316.97 million in 2019 to US$ 605.60 million by 2027. This represents a CAGR of 8.6% from 2020 to 2027. The growth of the North America Radiology Information Systems market is attributed to the advancements in diagnostic imaging solutions coupled with rising number of diagnostic procedures, increasing partnerships and collaborations are driving the adoption of radiology information systems. However, the concerns regarding data privacy limits the growth of market in this region. Countries in North America are expecting to witness huge challenge due to growing COVID-19. Due to outbreak of disease, healthcare industries has been affected badly. Due to growing coronavirus cases, many business related activities such as product launches and product promotion conferences has been postponed, leading to restraining the growth of the market.
Key Market Segments
Based on product, the North America Radiology Information Systems market is segmented into standalone RIS and integrated RIS. In 2019, the integrated RIS segment held a larger share of the market and is expected to grow at a faster rate during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the North America Radiology Information Systems Market report are World Health Organization, Ministry of Health and Prevention, and Ministry of Health and Family Welfare, The National Health Information Standard Committee. Koninklijke Philips N.V, Siemens Healthineers AG, Bayer AG, Cerner Corporation, General Electric Company, McKesson Corporation, IBM Corporation, Epic Systems Corporation, Fujifilm Corporation
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NORTH AMERICA RADIOLOGY INFORMATION SYSTEMS MARKET SEGMENTATION
By Product
Company Profiles
The List of Companies - North America Radiology Information Systems (RIS) Market