Integrated RIS Segment to Grow at Faster Pace During Forecast Period
According to The Insight Partners market research study of “Europe Radiology Information Systems (RIS) Market to 2027 – Regional Analysis and Forecast by Diagnostic Product, Deployment, Component, End User, and Country,” the Europe Radiology Information Systems (RIS) market is projected to reach US$ 14,043.88 million by2027 from US$ 315.32 million in 2019. The market is estimated to grow at CAGR of 8.0% from 2020 to 2027. The report highlights trends prevailing in the Europe Radiology Information Systems (RIS) market and the factors driving market along with those that act as hindrances.
The Europe Radiology Information Systems (RIS) market, based on product, is further segmented into integrated RIS and standalone RIS. The integrated RIS segment held a larger share of the market in 2019. And, is estimated to register a higher CAGR during the forecast period owing to rising adoption of artificial intelligence (AI) in disease identification and advancements in diagnostic imaging solutions coupled with rising number of diagnostic procedures. Increasing awareness about diagnostics is propelling the companies to enter into this market to tap lucrative opportunities. For instance, increasing FDA approvals are increasingly offering advancements in the RIS market.
For instance, in 2019, Philips introduced IntelliSpace Cardiovascular 4.1, a cardiovascular image and information management system. The platform offers efficient pediatric reporting capabilities. With the rising prevalence of cardiovascular disorders, the launch of software can enable better treatment and diagnosis of these disorders. Therefore, the growing number of diagnostic imaging procedures and advancements are likely to drive the growth of the global radiology information system market.
Leading companies operating in the radiology information systems (RIS) market are Koninklijke Philips N.V, Siemens Healthineers AG, Bayer AG, Cerner Corporation, General Electric Company, McKESSON CORPORATION, IBM Corporation, Epic Systems Corporation, Fujifilm Corporation amongst others.
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EUROPERADIOLOGY INFORMATION SYSTEMS (RIS) – MARKET SEGMENTATION
· Standalone RIS
· Integrated RIS
· Web-Based RIS
· Cloud-Based RIS
· On-Premises RIS
By End User
· Office-Based Physicians
· Emergency Healthcare Service Providers
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