Radiology information system market to surpass USD 1.75B by 2034

The global Radiology Information System Market is calculated at US$ 1.18 billion for 2024, as per a new study by Fact.MR, a market research and competitive intelligence provider. Global demand for RISs (radiology information systems) is projected to reach a market value of US$ 1.75 billion by 2034-end. Growing need for computerized medical imaging is set to drive global market growth over the coming years.

Increasing elderly population is estimated to lead to rising healthcare issues. In addition, the significant growth of the diagnostic services market is forecasted to generate the need for effective, quick, and inexpensive healthcare products and services. Further, increased expenditure on healthcare IT services is projected to improve RIS facilities.

In recent years, there has been a significant increase in the cases of chronic diseases, including cancer, osteoporosis, arthritis, COPD, and others. This is forecasted to stimulate demand for efficient medical imaging and radiology information systems.

Integrated radiology information systems offer a unified platform to streamline workflows across various departments in healthcare settings. They enable efficient management of billing, reporting, appointment scheduling, and administrative tasks related to radiology services. The consolidation of functions is anticipated to reduce redundancies and improve operational efficiency, saving resources and time for healthcare professionals.

Cloud-based radiology information systems provide scalability, allowing healthcare providers to manage resources effectively based on their needs. These systems can easily expand their storage capacities to accommodate the growing volume of medical imaging data. Additionally, they contribute to improved computational resources without the need for extensive hardware upgrades.

Market competition
Enterprises are directing their efforts toward streamlined supply chain management, product quality control, innovation, new product introductions, and collaborative ventures to secure a competitive advantage. Fact.MR