Radiology Information Systems Market Size To Reach $2.35 Billion By 2030

Radiology Information Systems Market Growth & Trends

The global radiology information systems (RIS) market size is anticipated to reach USD 2.35 billion by 2030, registering a CAGR of 9.78% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing incidence of chronic diseases and the integration of advanced technologies in healthcare facilities have led to the increased usage of digital healthcare infrastructure. This infrastructure helps collect and manage information generated by hospitals, clinics, and institutes, thereby enhancing the efficiency and effectiveness of their services. Incorporating Artificial Intelligence (AI) into RIS presents significant growth opportunities for the market. This will lead to improved workflows, enhanced patient care, and ongoing support for radiologists. It also enables radiologists to provide a cohesive ecosystem experience to facilitate quicker, more precise, and consistent diagnoses.

For instance, in January 2024, Koninklijke Philips N.V. unveiled its AI-driven enterprise imaging portfolio, featuring next-generation Ultrasound, MRI, and CT systems, at the 76th Annual Conference of the Indian Radiological and Imaging Association (IRIA) 2024 in Vijayawada. In addition, it introduced its Compact Ultrasound System 5000 series and emphasized its MRI with BlueSeal magnet, designed to reduce helium usage and related complications. Moreover, government initiatives promoting the adoption of RIS are anticipated to drive market expansion. An increasing number of medical imaging tests for various diseases is also anticipated to drive market growth. As per the Diagnostic Imaging Dataset Annual Statistical published by NHS England, in November 2023, around 7.1 million CT scans and 4.1 million MRI scans were performed in the UK from 2021/22. Furthermore, the number of radiology labs and increasing installations of MRI and CT scans have created the demand for RIS in hospitals.

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Radiology Information Systems Market Report Highlights

• The web-based segment dominated the market in 2023 due to workflow enhancement features, such as scheduling, document imaging, automated insurance eligibility functions, and billing, offered by this deployment mode

• The integrated RIS segment dominated the market in 2023. It offers data analysis with the help of a Picture Archiving and Communication System (PACS) for developing IT service models

• The hospitals & clinics end use segment dominated the market in 2023. This is attributed to the increasing demand for streamlined workflows and improved patient care, as RIS enhances diagnostic accuracy, reduces costs, and integrates with EHR systems for efficient data management

• North America held the largest revenue share in 2023, which is attributed to the technological advancements and presence of major market players in the region

• In January 2023, Pro Medicus, Ltd. announced that its U.S. subsidiary, Visage Imaging, Inc., secured an 8-year, USD 12 million contract with Oregon-based Samaritan Health Services. This agreement led to the deployment of the Visage 7 Enterprise Imaging Platform across Samaritan’s network, ensuring a unified diagnostic imaging solution

Radiology Information Systems Market Segmentation

Grand View Research has segmented the global radiology information systems market based on deployment mode, product, end use, and region:

Radiology Information Systems Deployment Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Web-based

• Cloud-based

• On-premise

Radiology Information Systems Product Outlook (Revenue, USD Million, 2018 - 2030)

• Integrated RIS

• Standalone RIS

Radiology Information Systems End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Clinics

• Outpatient Department (OPD) Clinics

• Others

Radiology Information Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Russia

  • Italy

  • Spain

  • The Netherlands

  • Switzerland

  • Belgium

  • Norway

  • Denmark

  • Sweden

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

  • Singapore

  • Philippines

  • Malaysia

  • Indonesia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Radiology Information Systems Market

• DeepHealth

• Epic Systems Corporation

• General Electric Company

• IBM

• Koninklijke Philips N.V.

• Mckesson Corporation

• MedInformatix, Inc.

• Oracle

• Pro Medicus, Ltd.

• Siemens Healthineers AG

• Veradigm LLC