San Francisco, 04 March 2030: The Report Radiology Information Systems Market Size, Share & Trends Analysis Report By Product (Integrated RIS, Standalone RIS), By Deployment Mode, By End Use, By Region, And Segment Forecasts, 2024 - 2030

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.

Growing government initiatives promoting RIS usage have led to increased investments in healthcare infrastructure by both private providers and governments. In addition, there has been a rise in the number of radiology professionals and practices and a growing preference for cloud-based solutions. Moreover, the number of patients diagnosed with chronic diseases, such as cancer, COPD, arthritis, and osteoporosis, has increased significantly in recent years. This is augmenting the demand for medical imaging, which, in turn, drives market growth. Computerized medical imaging provides secure and convenient interactive documents accessible across various healthcare departments.

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RIS serves as a communication link between primary physicians and imaging departments, facilitating better care coordination, which is beneficial for the timely diagnosis or treatment of patients. The rising number of radiology procedures and increased accessibility to these services have led to the development of new systems to meet the demand. For instance, in January 2024, Vertex in Healthcare, a healthcare technology provider, launched VRIS, a radiology information system in the UK. This system is designed to assist imaging departments in reducing bottlenecks and improving the efficiency of diagnostic report processing. Furthermore, hospitals are progressively using cloud technology and related services to improve operational efficiency.

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

In addition, heavy investment by medical institutions in developed countries is boosting market growth. For instance, in June 2024, Konica Minolta Healthcare Americas partnered with Apollo Enterprise Imaging Corp. to provide the Exa Platform. This platform integrates RIS, PACS, and Billing solutions with a single database across all modules. The solution enables secure management, acquisition, and access of clinical content throughout the enterprise via Arc, benefiting customers with improved connectivity and interoperability across all clinical departments. The partnership aims to unify patient information across clinical specialties, including non-DICOM devices, to create a comprehensive, image-enabled electronic medical record (EMR).

The market is fragmented with the presence of several large-scale and emerging companies. High investments in R&D by manufacturers drive market growth. Companies adopt various strategies, such as collaborations, acquisitions, partnerships, and new device launches, to stay ahead of the competition.