DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/v6w7pw/radiology) has announced the addition of the "Radiology Information Systems Market by Type (Integrated, Standalone), Deployment Mode (Web based, On-Premise, Cloud-Based), End User (Hospitals, Office based Physicians, Emergency Healthcare Service Providers) and by Component - Global Trends & Forecast to 2019" report to their offering.
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.
A radiology information system (RIS) is a networked software suite used to manage medical imagery and associated data. An RIS is especially useful for managing radiological records and associated data in multiple locations, and is often used in conjunction with a picture archiving and communication system (PACS) to manage workflow and billing. An RIS can track a patient's entire workflow within the radiology department. Images and reports can be added to and retrieved from electronic medical records (EMRs); these records can then be viewed by the authorized radiology staff.
The global market has been segmented on the basis of type, component, deployment mode, end user, and geography. On the basis of type, the global market has been segmented into integrated RIS and standalone RIS. The integrated RIS segment dominated the global market in 2014, and is expected to reach $537.6 Million by 2019. Based on component, the market has been categorized into services, software, and hardware. In 2014, the services segment accounted for the largest share of the global market, and is projected to reach $271.7 Million by 2019. On the basis of deployment mode, the market has been categorized into web-based, on-premise, and cloud-based. The web-based segment accounted for the largest share of the global s market, and is projected to reach $451.4 Million by 2019.
The market also has been classified into four regions, namely North America, Europe, and Asia. North America contributed the largest share to this market; it is expected to reach $308.6 Million by 2019 from $211.0 Million in 2014, at a CAGR of 7.9% during the forecast period. This growth of the North American radiology information system can be attributed to the cost, quality, and productivity benefits associated with healthcare IT systems and products.
The major players operational in the global radiology information systems market are Cerner Corporation (U.S.), McKesson Corporation (U.S.), Merge Healthcare (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), GE Healthcare (U.K.), Philips Healthcare (The Netherlands), and Epic Systems (U.S.). These companies have adopted strategies, such as mergers & acquisitions and partnership, among others to achieve growth in the global.
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