Radiology Information Systems Market : Current Scenario and Future Prospects

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Radiology Information Systems Market Projected to
Hit USD 18.9 Billion by 2032
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• Industry Insights

• Radiology Information Systems Market is estimated
  to exhibit 12.6 CAGR from 2023-2032 propelled by
  the pervasive trend of digitalization within the
  healthcare industry.
• The ongoing transition from paper-based records
  to comprehensive electronic health records (EHRs)
  across the healthcare sector has surged the need
  for efficient and integrated information
  management systems. Radiology information systems
  (RIS) allows healthcare professionals to manage
  and share radiological information seamlessly,
  enabling quicker decision-making and improved
  patient care. With healthcare providers and
  institutions prioritizing digitalization to
  enhance patient care, reduce errors, and
  streamline workflows, the demand for RIS
  solutions will gain traction.
• The overall radiology information systems market
  is categorized in terms of type, component,
  deployment mode, end-use, and region.

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• The market value from the services component
  segment is poised to observe 12.5 CAGR through
  2032 attributed to the increasing complexity of
  healthcare IT systems and the higher need for
  seamless integration. Moreover, the ongoing
  introduction of advanced features is likely to
  promote segment growth. For instance, in November
  2022, Royal Philips, a global pioneer in health
  technology introduced the gen-next Advanced
  Visualization Workspace, comprising new cardiac
  MR Suite with an innovative workflow and user
  interface powered by AI CT ASPECT Scoring and
  upgraded CT Liver Analysis tools.
• In terms of deployment mode, the cloud-based
  radiology information systems market is set to
  witness growth rate of 13.7 from 2023-2032.
  Cloud-based RIS solutions offer cost-effective
  alternatives to traditional on-premises systems,
  reducing upfront infrastructure investments and
  maintenance expenses. To that end, industry
  players are providing innovative solutions to
  address the evolving needs for the management of
  the healthcare sector. To cite an instance, in
  November 2022, Konica Minolta Healthcare Americas
  developed its leading cloud-based Exa Platform
  and Symmetry PACS available as a cloud SaaS
  model.

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• Regional Analysis

Europe radiology information systems market is
expected to witness 12.2 CAGR through 2032. The
presence of well-established healthcare sector
has led to increasing digitalization efforts,
further emphasizing the importance of efficient
information management in radiology. The greater
investments in healthcare infrastructure and
technology coupled with the growing awareness of
the benefits of integrated healthcare IT systems
will propel the regional market growth.

• Competitive Analysis

• General Electric Company
• Epic Systems Corporation
• Koninklijke Philips N.V.

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