The future of radiological information systems (RIS): breakthrough trends in the healthcare industry
Radiological information systems (RIS) are part of electronic patient records and track the use of radiological services by a patient during a treatment procedure. Today, RIS uses a software suite, the digitization of which helps to ensure accuracy and minimize data loss due to manual errors. As part of hospital information systems, RIS has grown enormously in importance in recent years and has now become a full part of the entire healthcare industry.
Radiology is an important diagnostic tool for various diseases. Numerous imaging methods such as X-ray, ultrasound, magnetic resonance tomography (MRT), computed tomography (CT) and positron emission tomography (PET) are summarized under the generic term radiology and used for the diagnosis of a variety of diseases and skeletal diseases such as fractures. Interventional radiology, in which medical interventions are carried out with the aid of imaging methods, is another important component of the radiology used in medicine. The increasing consumption of these important processes is fueling the global RIS market.
Global market for radiological information systems: overview
The main driver of the global market for radiological information systems is the increasing demand for non-invasive diagnostic and curative agents. Since radiology relies on various electromagnetic and other processes, no incisions are usually required. This makes it preferable to the majority of today’s patients. The increasing prevalence of diseases such as cancer and bone diseases also increases the demand in the global market for radiological information systems.
The increasing demand for integrated RIS from the health sector is the main trend that shapes the development of the global market. Since integrated RISs are more comprehensive and therefore more efficient in their audits, they have recently surpassed the independent RIS and are expected to remain the largest market segment in the coming years.
One of the main drivers for the global radiological information system market is the increasing number of mergers and acquisitions among medical imaging device manufacturers. With most players in the healthcare device market currently striving for regional expansion, the increasing demand from hospital chains has become an important growth driver for the global radiological information system market.
Global market for radiological information systems: geographic segmentation
The global market for radiological information systems is led by North America. The industrialized countries in this region have established widespread and highly developed health infrastructures that enable a steady demand for advanced RIS. The increasing demand for digitization in this region has also had a positive impact on the regional radiological information system market, as has the financial ability of the average consumer in North America to use advanced treatments, including radiology, in a variety of forms. As demand for sophisticated medical infrastructure components increases elsewhere, particularly in the Asia Pacific region, North America will continue to dominate the global radiological information system market.
Key companies operating in the global radiology systems market include Carestream Health, Inc., Philips Healthcare, McKesson Corp., GE and Siemens Healthcare. The performance of key players in the Asia-Pacific market for RIS is expected to be critical to their chances of dominating the global market in the near future.