Radiology Information Systems Market worth $722.7 Million by 2019

The 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.

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The global radiology information system market has been segmented based on type, component, deployment mode, end user, and geography. It analyzes competitive developments, such as alliances, joint ventures, and mergers & acquisitions in the global market and analyses the market with explicit focus on high-growth end-user segments and the fastest-growing market segments. The major drivers responsible for the growth of this market are the increasing mergers of health care facilities and group purchasing by private hospitals, such as Asklepios, Helios, and Wilson for the expansion of their chains. Furthermore, the rising number of cases of age-related disorders and trauma patients has increased the patient flow and hence added to the need of information systems globally. The focus on minimizing administrative costs has led to the growing acceptance of RIS systems among public and private healthcare industry.

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On the basis of type, the market has been segment into integrated RIS and standalone RIS. The integrated RIS segment led the global radiology information systems market in 2014, and accounted for a share of 74.0%. This segment is estimated to grow at a CAGR of 7.7% from 2014 to 2019. On the basis of component, the market has been segmented into hardware, software, and services. The services segment accounted for the highest share of 37.1% of the global market in 2014. The segment has been estimated to grow at a CAGR of 7.9% from 2014 to 2019. On the basis of deployment mode, the market has been segmented into on-premise, web-based, cloud-based. The web-based segment accounted for the highest market share of 61.9% of the global market in 2014. This segment is estimated to grow at a CAGR of 7.8% from 2014 to 2019.

On the basis of end user, the market has been classified into hospitals, office-based physicians, emergency healthcare service providers, and other end users. The hospital segment accounted for the largest share of 45.8% of the global  market in 2014, and is estimated to grow at a CAGR of 7.2% during the forecast period.

The North American region is expected to be the fastest-growing region in the global radiology information systems market, followed by Europe and Asia, projected to grow at CAGR of 6.5% and 8.0% respectively from 2014 to 2019.

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This report profiles the major companies operational in the global market, including Allscripts Healthcare Solutions, Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Carestream Health, Inc. (U.S.), Cerner Corporation (U.S.), Epic Systems Corporations (U.S.), Merge Healthcare Incorporated (U.S.), GE Healthcare (U.K.) McKesson Corporation (U.S.), and Phillips Healthcare (The Netherlands).

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