Radiology Information System Market was US$ 993.28 Million in 2023. It is expected to grow at a CAGR of 8.16% from 2024 to 2032 and be valued at US$ 2012.21 Million by 2032.

Radiology is predicated on a specialized machine, the Radiology Information System (RIS), in the Hospital Information System (HIS), requiring a sturdy setup with a network, hardware, and software program. An efficient infrastructure is crucial, with virtual images from numerous machines producing statistics from 1 to over 600 MB. Radiology departments have been leaders in integrating electronic systems for over forty years, continuously advancing workflows with innovations like remote image distribution and teleradiology. This reflects their dedication to leveraging technology for automation and improvement. Given their pivotal role and heavy tech reliance, radiology is vital for IT specialists to enhance quality and patient care through innovative software and data access. Radiologists, extensively using computer systems, are well-positioned to lead the ongoing medical transformation through electronic health records.

Mergers & Acquisitions in the Radiology Information System Market

  • In July 2021, Australian radiology software developer Kestral, New Zealand-based digital healthcare solutions provider Aceso Health, and Sorsix Technologies signed a multi-year collaboration deal for platform integration. The companies will combine Kestral’s Karisma Radiology Information System (RIS) with Aceso’s Snapscan Patient Online Booking System, which runs on Sorsix’s technology.
  • In September 2022, Intelerad Medical Systems and Life Image merged in a deal that the companies created the most prominent medical image exchange network.
  • In December 2023, 4DMedical announced that it had acquired Imbio. 4DMedical reported that it aims to revolutionize respiratory imaging and ventilation for improved lung disease detection and management.
  • In March 2024, Calyx announced its agreement to acquire Invicro. This strategic combination, subject to regulatory approvals, will establish a new global leader in providing medical imaging solutions and development services for the clinical research community.
  • In February 2024, Bruker acquired Spectral Instruments Imaging (SII), a company that manufactures preclinical in-vivo optical imaging systems, and Nanophoton Corporation, a provider of advanced research Raman microscopy systems.
  • In January 2024, GE HealthCare’s agreement to acquire MIM Software supports the company’s digital transformation strategy. Radiology will continue to dominate AI use in medical devices, with companies prioritizing improved accuracy and workflow efficiency to navigate competition.

Technological Collaborations in the Radiology Information System Industry

1. March 2024 ? Quantum Pathology LLC announced adopting the AISight Image Management System, a leading end-to-end workflow and image management solution by PathAI. This strategic decision marks a step forward in Quantum Pathology’s transition to digital pathology, leveraging the advanced capabilities of AISight to revolutionize its operations.
2. March 2024, RamSoft, a global leader in novel cloud-based RIS/PACS radiology solutions for imaging centers and teleradiology providers, has launched Progressive Loading. This unique feature of OmegaAI, RamSoft’s cloud-native radiological software built on Microsoft Azure, allows a radiologist to load a large imaging study quickly via a web browser.
3. March 2024: Based on their long-term artificial intelligence partnership, GE HealthCare, and Mass General Brigham planned to integrate medical imaging foundation models into their AI research work, with a strong focus on responsible AI practices.
4. March 2024, In a significant move to enhance provider messaging across Electronic Health Record, eRx, Telehealth, and other Point of Care (POC) platforms, Doceree has unveiled its revolutionary technology, Spark, at HIMSS 2024 and engineered to empower providers in enhancing the quality of care and ultimately elevating patient outcomes. Spark leverages advanced patented technology, clinical data, and AI triggers to seamlessly deliver clinically relevant communications within clinical workflows in real time.

Asia Pacific is the Home of Millions of Old and Chronically Ill People

The Asia Pacific, Radiology Information System Market, is set to increase because of heightened occurrences of chronic and infectious illnesses among an expanding aged population. In 2020, the Asian regions harbored 630 million individuals aged 60 or above, projected to double to 1.3 Billion by 2050. This indicates that one in 4 residents will surpass 60 by using 2050. The aging trend is more stated among ladies. Moreover, Asia Pacific confronts substantial challenges with infectious disease outbreaks and biodiversity loss. Cancer incidence inside the Asian region is expected to surge from 9.39 Million cases in 2020 to 14.2 Million in 2040, with mortality growing from 5.75 Million to 9.67 Million over the same period. Asia Pacific represents 1/2 of the globe’s new cancer cases annually, with cancer-associated deaths anticipated to climb with the aid of 36% by 2030.

The five primary types of cancer are lung, colon-rectum, thyroid, liver, and belly, comprising 57.42% of new diagnoses. Lung cancer is the most universal, with over 1.06 Million new instances mentioned in 2022. Colorectal and thyroid cancers follow intently, contributing nearly a million new cases collectively. Breast cancer ranks as the sixth most common place globally, with over 357,000 new cases reported in China by itself in 2022. India, all cancer cases is anticipated to rise from 1.46 Million in 2022 to 1.57 Million by 2025.

Radiology information systems serve multiple functions in patient management, examination, reporting, statistical analysis, and system administration. These systems enable the storage, retrieval, transfer, exchange, and printing of radiology orders, results, and reports.

Radiology Information System Industry News

Radiology Information System Market has prominent players such as Koninklijke Philips n.v., Siemens Healthcare GmbH, Oracle, McKesson Corporation, GE HealthCare, Fujifilm Holdings Corporation, Shimadzu Corporation, Hologic, Inc., and Sectra AB.
Jan 2023: Allscripts Healthcare Solutions will debut its novel cloud-based heat information system, which is anticipated to transform how patients interact with and oversee their healthcare data.
Mar 2023: Fujitsu unveiled a novel cloud-based platform that enables users to securely gather and utilize health-related data, fostering digital transformation within the medical industry.

Type – Global Radiology Information System Market breakup in 2 viewpoints:

1. Integrated
2. Standalone

Component – Global Radiology Information System Market breakup in 3 viewpoints:

1. Hardware
2. Software
3. Services

Species – Global Radiology Information System Market breakup in 3 viewpoints:

1. Web-Based
2. On-Premise
3. Cloud-Based

Country – Global Radiology Information System Market breakup of 25 Countries:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

  • Overview
  • Recent Development
  • Revenue Analysis

Company Analysis:

1. Koninklijke Philips n.v.
2. Siemens Healthcare GmbH
3. Oracle
4. McKesson Corporation
5. GE HealthCare
6. Fujifilm Holdings Corporation
7. Shimadzu Corporation
8. Hologic, Inc.
9. Sectra AB