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Radiology Information System Market to Exceed US$2,115.60 Million By 2030, Analysis By Reports Insights

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New York, April 04, 2023 (GLOBE NEWSWIRE) — According to the updated research report titled Global Radiology Information System Market published by Reports Insights, the global radiology information system market was valued at USD 834.50 Million in 2022, and it is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.5%, reaching USD 2,115.60 Million by the year 2030. This estimation is based on a comprehensive analysis of the market’s historical and current trends, industry dynamics, and macroeconomic factors that are expected to impact the market’s growth during the forecast period.

Radiology Information System Market Size, Share & Trends Analysis, By Type (Integrated RIS, and Standalone RIS), Component (Software and Services) Deployment (Web-based, Cloud-based, and On-premise), End-use (Hospitals, Diagnostic Centers, and Others), By Region and Segment, Forecast Period 2023 – 2030.

ReportsInsights Consulting Pvt. Ltd. provided an inclusive research report on the radiology information systems market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The report analyzes significant segments such as motion, system, application, industry, and region, to identify emerging trends and potential opportunities. By leveraging this information, market players have the opportunity to improve their competitive edge against other manufacturers by engaging in strategic collaborations, mergers, and acquisitions, and introducing innovative products to strengthen their market position.

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The expansion of electronic medical record (EMR) utilization is anticipated to boost the sales of radiology information systems. The EMR in the medical sector has various benefits as they streamline the service delivery and decision-making processes. Additionally, the EMR system guarantees superior quality documentation and uncomplicated data retrieving system than the paper-based medical record system. In addition, according to the report published by Statista, the diagnostic imaging devices segment is projected to reach USD 55.94 Million by 2027. Owing to the abovementioned factors, the global radiology information system market is anticipated to grow during the forecast period.

The high demand for AI has improved the tracking of radiology imaging orders and billing information. Data gathering and mining have limitless possibilities in the world of medical imaging when enabled through AI. However, by using artificial intelligence (AI) in radiology information systems, companies can accelerate the billing process, reduce the risk of errors, and shorten the time-to-market for these advanced products.

Growing emphasis on patient-centered care is driving the growth of web-based communications solutions and is estimated to witness a significant increase among diagnostic centers and academic and research institutes. The patient-centered care has increased with the help of web-based communications solutions to enclose a cultural shift in care delivery, starting with patients’ experiences entering a facility.

Global Radiology Information System Market Growth Drivers:

  • The growing demand for diagnostic imaging services, coupled with the rising prevalence of chronic diseases, is driving the growth of the RIS market. RIS helps healthcare providers manage patient information, track diagnostic tests, and streamline workflows, making it an essential tool in diagnostic imaging.
  • The increasing healthcare IT spending by healthcare providers is also driving the growth of the RIS market. Healthcare providers are investing in advanced IT solutions such as RIS to improve patient care, enhance operational efficiency, and reduce costs.
  • The development of new technologies such as artificial intelligence, cloud computing, and big data analytics is fueling the growth of the RIS market. These technologies are helping healthcare providers improve patient outcomes, reduce costs, and enhance operational efficiency.

Restraints

  • The cost of implementing a radiology information system can be quite high, which can deter some healthcare providers from adopting the technology.
  • Radiology information systems need to integrate with other healthcare information systems, such as electronic health records (EHRs) and picture archiving and communication systems (PACS). Integration challenges can slow down adoption and increase implementation costs.

Competitive Landscape

As per the research, GE Healthcare (General Electric), International Business Machines Corporation, Koninklijke Philips N.V., and Siemens Healthineers AG (Siemens) are major market players that comprise the latest market circumstances. Such companies are continuously leveraging new technologies to develop innovative solutions that are more efficient, lightweight, and cost-effective as well. Further, the global radiology information system market is expected to grow steadily due to rising demand for diagnostic imaging services, especially in the North America and Asia Pacific region is estimated to boost the market statistics in the coming years. Additionally, the trend towards new technologies such as artificial intelligence, cloud computing, and big data analytics is also estimated to drive demand for radiology information system which is anticipated to increase the competition in the market.

Recent Developments

In March 2022, Intelerad Medical Systems unveiled its Enterprise Imaging and Informatics Suite at the HIMSS Global Health Conference and Exhibition. This new offering presents radiologists with a cutting-edge solution for managing medical images.

In February 2022, Carestream Health India introduced the DRX Compass, a digital radiology solution aimed at elevating the efficiency of radiologists. This solution is designed to be accurate, convenient, and customizable, offering radiologists a new level of operational efficiency.

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Report Attributes Report Details
Market Size By 2030  USD 2,115.6 Million
Forecast Period 2023-2030
CAGR (2023-2030) 7.5%
Base Year 2022
Study Timeline 2017-2030
Key Players GE Healthcare (General Electric), International Business Machines Corporation, Koninklijke Philips N.V., Siemens Healthineers AG (Siemens), Carestream Health, Pro Medicus, Ltd, eRAD, MedInformatix, Inc., Cerner Corporation (ORACLE), Sectra AB, and Intelerad Medical Systems Incorporated
By Type Integrated RIS and Standalone RIS
By Component Software and Services
By Deployment Web-based, Cloud-based, and On-premise
By End-use Hospitals, Diagnostic Centers, and Others
Report Coverage Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more.
By Geography North America [United States, Canada, Mexico]

Asia-Pacific [China, Southeast Asia, Japan, India, Korea, Western Asia]

South America [Brazil, Argentina, Columbia, Chile, Peru]

Europe [Germany, UK, Spain, Turkey, France, Italy, Russia, Netherlands, Switzerland]

Middle East & Africa [GCC, North Africa, South Africa]

The integration of artificial intelligence (AI) in radiology information systems is anticipated to offer opportunities for market players in the healthcare industry. The high demand for AI has improved the tracking of radiology imaging orders and billing information. Data gathering and mining have limitless possibilities in the world of medical imaging when enabled through AI. However, by using artificial intelligence (AI) in radiology information systems, companies can accelerate the billing process, reduce the risk of errors, and shorten the time-to-market for these advanced products.

A radiology information system (RIS) refers to an information system that is used to develop, store, and manage radiological data and images of patients. It is a type of health or hospital information system (HIS), developed to automate and supervise the processes in the radiological department.

Growing emphasis on patient-centered care is driving the growth of web-based communications solutions and is estimated to witness a significant increase among diagnostic centers and academic and research institutes. The patient-centered care has increased with the help of web-based communications solutions to enclose a cultural shift in care delivery, starting with patients’ experiences entering a facility.

The expansion of electronic medical record (EMR) utilization is anticipated to boost the sales of radiology information systems. The EMR in the medical sector has various benefits as they streamline the service delivery and decision-making processes. Additionally, the EMR system guarantees superior quality documentation and uncomplicated data retrieving system than the paper-based medical record system.

Key Market Takeaways

  • The global radiology information system market size is expected to garner USD 2,115.6 Million by 2030 and expand at a CAGR of 7.5% during the forecast period (2023-2030).
  • By type, the standalone RIS is expected to grow with the fastest CAGR over the forecast period.
  • By component, the services segment is expected to grow with the fastest CAGR over the forecast period.
  • Based on deployment, the web-based segment holds the largest market share.
  • By end use, diagnostic centers are anticipated to witness the fastest CAGR growth over the forecast period.
  • The market is geographically divided into five regions: Europe, South America, the Asia-Pacific, North America, and the Middle East and Africa.
  • Asia Pacific is projected to lead the market growth with excellent revenue shares due to access to astonishing healthcare infrastructure, including treatment facilities and advanced diagnostics.

Find What You Need With Our Detailed Table Of Contents (TOC) & Report Summary @ https://www.reportsinsights.com/industry-forecast/global-radiology-information-system-market-statistical-analysis-673836

List of Major Radiology Information System Market Players

• GE HealthCare (General Electric)

• International Business Machines Corporation

• Koninklijke Philips N.V.

• Siemens Healthineers AG (Siemens)

• Carestream Health

• Pro Medicus, Ltd

• eRAD

• MedInformatix, Inc.

• Cerner Corporation (ORACLE)

• Sectra AB

• Intelerad Medical Systems Incorporated

Global Radiology Information System Market Segmentation: 

  • By Type
    • Integrated RIS
    • Standalone RIS
  • By Component
    • Software
    • Services
  • By Deployment
    • Web-based
    • Cloud-based
    • On-premise
  • By End-use
    • Hospitals
    • Diagnostic Centers
    • Others

Key Questions Covered in the Global Radiology Information Systems Market Report

What will be the potential market valuation for the global radiology information system market by 2030?

What insights are covered by the factors driving the growth of the global radiology information system market, as well as the opportunities and challenges that may impact the market’s future development?

What specific segmentation details are covered in the radiology information system market report, and how do they contribute to the overall market analysis?

What are some of the most important applications of radiology information systems, and how do they impact the industry’s growth potential?

Based on current market trends and future predictions, which geographical region will have the largest impact on the radiology information systems market’s growth in the coming years?

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About Reports Insights Consulting Pvt Ltd

ReportsInsights Consulting Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.

Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by ReportsInsights Consulting Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.

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12.3% CAGR, Circulating Tumor Cells Market to Reflect US$ 9.85 Billion by 2030: Reports Insights


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Heimdal to Showcase Widest Cybersecurity Tech Stack at Infosecurity Europe 2024

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LONDON, May 23, 2024 /PRNewswire/ — Heimdal® is excited to announce its participation in Infosecurity Europe 2024, taking place from 3–4 June 2024 at ExCel London. 

Attendees are invited to visit Heimdal’s booth for an exclusive opportunity to engage with industry-leading cybersecurity experts, experience live demonstrations, and enjoy engaging presentations. 
Event Highlights
Personalized Experience and Meet & Greet 
Visitors to the Heimdal booth will receive a warm welcome and a personalized tour of our latest cybersecurity solutions. 
Those attending on the first day will have the unique chance to meet our Chief Enhancement Officer, who will be on hand to give mind penetration tests to guests. 
Event Countdown 
The countdown to Infosecurity Europe 2024 is underway, and we are thrilled to share this journey with the cybersecurity community. Follow Heimdal’s LinkedIn page to see how you can make the most of the event, with tips, tricks, and promos posted each day: https://www.linkedin.com/company/heimdal-security/ .
As InfoSec emphasizes, “Together, we can rethink the power of infosecurity and discover what that means for you.” 
Top Reasons to Visit Heimdal at Infosecurity Europe 2024 
1. Take the Mind Penetration Test 
Test your security against our Chief Enchantment Officer, a prestigious member of the Inner Magic Circle. Challenge your limits and see if your defenses can withstand his expertise. 
2. Face-to-Face Product Demos 
Experience Heimdal’s solutions live with our experts. Engage in interactive sessions, ask pressing questions, and get hands-on with our cybersecurity tools. 
3. Live Edutainment Shows 
Join us for five engaging shows that combine education and entertainment. Learn new cybersecurity tactics from our enthusiastic hosts. 
4. Discover Unexpected Solutions 
Visit Stand D140 to find innovative solutions you didn’t know you needed. Forge new connections and explore the future of cybersecurity with Heimdal. 
Agenda and Speakers 
Heimdal’s team will present a series of edutainment shows covering pressing cybersecurity topics: 
Value Realization for the Enterprise 
Learn to use data-driven evidence for governance alignment, risk mitigation, and security program efficiency. Overcome reporting challenges and enhance your cybersecurity strategy. 
Detonating Ransomware LIVE at InfoSec
Analyze 2024 ransomware trends and witness a live ransomware detonation. Gain insights into effective countermeasures to combat this pervasive threat. 
Time is of the Essence – Mastering Patch Management 
Discover the importance of Patch Management, best practices, and automation strategies to keep your systems secure and efficient. 
Navigating Privileged Access: To Admin or Not to Admin? 
Explore Privileged Elevation and Delegation Management (PEDM) and understand the strategic impacts of admin rights management with case studies and industry insights. 
DNS Security – The First Line of Defense 
Understand the critical role of DNS security, address key vulnerabilities, and learn the latest advancements to protect your infrastructure from DNS attacks. 
Meet Our Experts
Ross Duncan, Director of Customer Success 
Experienced post-sales leader with 15 years of building functions from scratch. Successfully recruited and led teams, delivered major projects, optimized processes, and set business vision at the executive level. Passionate about showcasing value within the customer base. 
Imran Rai, Technical Success Manager 
Success-focused executive with 20+ years in cybersecurity and IT. Built and led teams, advised C-level executives, and aligned technical needs with business goals. Passionate about staying ahead in technology and security, delivering value at every step. 
Join us at Infosecurity Europe 2024 to discover how Heimdal can enhance your cybersecurity posture with innovative solutions and expert guidance. 
Learn more here: https://heimdalsecurity.com/infosecurity-europe-2024
Press Contact
Danny Mitchell Head of Content & PR Email: [email protected]: 07999498241
About Heimdal
Founded in Copenhagen, Denmark, in 2014, Heimdal empowers CISOs (Chief Information Security Officers), Security Teams, and IT admins to enhance their SecOps, reduce alert fatigue, and be proactive using one seamless command and control platform. 
Heimdal’s award-winning lineup of more than 10 fully integrated cybersecurity solutions spans the entire IT estate, enabling organizations to be proactive, whether remotely or onsite. 
This is why their range of products and managed services offers a solution for every challenge, whether at the endpoint or network level, in vulnerability management, privileged access, implementing Zero Trust, thwarting ransomware, preventing BECs, and much more. 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/heimdal-security/r/heimdal-to-showcase-widest-cybersecurity-tech-stack-at-infosecurity-europe-2024,c3986779
The following files are available for download:
https://mb.cision.com/Main/22623/3986779/2817326.pdf
Meet, Greet, and Discover What the Widest Cybersecurity Tech Stack Can Do For You with Heimdal at Stand D140
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Heimdal at Infosecurity Europe 2024
 

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CME Acquires EdTech Innovator Augmental, Leading a New Era of Educational Transformation

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DUBAI, United Arab Emirates, May 23, 2024 /PRNewswire/ — CME, an international leader in technology solutions, has announced the acquisition of Augmental, a cutting-edge EdTech company. This strategic partnership combines CME’s technological expertise with Augmental’s innovative tools to transform the education sector.

“This strategic alliance enhances our service offerings and reinforces our commitment to driving digital transformation in education on a global scale. The aim is to ensure that digital solutions remain at the forefront of educational strategies and practices,” said Wissam Youssef, CEO of CME Offshore.
This acquisition represents a pivotal step towards creating a comprehensive ecosystem of educational services and tools. The new entity will offer a fully integrated suite of solutions designed to enhance every aspect of the learning journey and cater to various stakeholders within the educational sector.
The collaboration between CME and Augmental is set to dismantle traditional barriers in education. By leveraging CME’s global network and merging their robust tech infrastructure and exceptional customer support experience with Augmental’s innovative AI-based tools, Augmental, the new EdTech arm of CME, will deliver personalised learning experiences, streamlined content creation and delivery, advanced analytics, and management tools. This partnership will transform educational access and effectiveness on both a regional and global scales.
Existing organizations using CME technologies now have access to an AI-powered LMS with unique features, while companies and training institutions using Augmental LMS are able to expand their tech stack with CME’s solutions.
“Joining CME marks an exciting new chapter for Augmental. It is more than an acquisition; it is a strategic alliance set to elevate the educational journey for learners everywhere. We look forward to continuing our mission to transform education and support our clients with pioneering solutions,” said Paul Barakat Diab, CEO of Augmental.
With a deep understanding of the education market, Augmental’s team brings invaluable expertise to the digital education sector. Their experience is crucial in innovating and developing targeted solutions that address the unique challenges and opportunities within the educational landscape.
Paul Barakat Diab and Elie Nahas, the founders of Augmental, will continue to lead and innovate within the newly formed entity. Their ongoing leadership underscores a shared commitment towards education, combining the strengths of both companies to establish new standards of educational excellence and innovation.
“Education is the cornerstone of progress and growth,” concludes Carole Alsharabati, Founding Partner at CME. “By equipping learners with next-gen tools, we are not just enhancing learning experiences; we are empowering them to shape the future.”
About AugmentalAugmental is an AI-powered, white-labeled learning platform that empowers educational institutions and course creators by offering next-generation personalised learning experiences, intelligent content creation, and data-driven analytics.www.augmental.education 
About CMECME is a multinational enterprise offering premium technology services and solutions. Over the years, CME has helped 100+ global clients, including renowned Fortune 500 companies, become leaders in their fields. The company’s end-to-end solutions and comprehensive services cover Enterprise Application Services, Data & Analytics, User Experience, Artificial Intelligence, the Internet of Things, and DevOps. With a skilled team across 8 locations, CME has delivered 300+ innovative and impactful projects, contributing to 8 US Patents and serving 80 million users daily.www.gotocme.com 
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Info-Tech Research Group Reveals Dr Timnit Gebru and Meredith Whittaker to Be Keynote Speakers at LIVE 2024 IT Conference

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The annual Info-Tech LIVE conference provides CIOs and IT professionals with practical insights to drive technology-led transformations, impact business outcomes, and accelerate their professional careers over the coming year. The first round of anticipated keynote speakers for the September 2024 conference has been formally announced by the global research and advisory firm.
LONDON, May 23, 2024 /PRNewswire/ — Info-Tech Research Group, a global leader in IT research and advisory, has announced the first two highly anticipated keynote speakers for Info-Tech LIVE 2024: Dr Timnit Gebru and Meredith Whittaker. Info-Tech LIVE 2024 will provide leaders and industry professionals with unparalleled insights into the latest advancements in AI and Exponential IT. The prestigious annual three-day conference, which brings together global CIOs and IT professionals across diverse industries, is scheduled from September 17 to 19, 2024, at the iconic Bellagio in Las Vegas.

Dr Timnit Gebru, a pioneering computer scientist and advocate for ethical AI, is the founder and executive director of the Distributed AI Research Institute (DAIR), focusing on the impact of AI on marginalised communities. Dr Gebru is known for her groundbreaking work on the ethical implications of AI and her advocacy for greater diversity in the tech industry. Meredith Whittaker, a leading voice in AI policy and president of the Signal Foundation, has been instrumental in advancing secure communication technologies and data transparency. As the cofounder of the AI Now Institute, Whittaker’sWhittaker’s efforts have significantly influenced responsible AI practices and major policy reforms.
‘We are excited to welcome Dr Timnit Gebru and Meredith Whittaker as keynote speakers at Info-Tech LIVE 2024,’ says Gord Harrison, senior vice president of research and advisory at Info-Tech Research Group. ‘Their contributions and work in AI and technology ethics will offer our attendees unique perspectives and invaluable insights. By engaging with these influential leaders, participants will gain a deeper understanding of the profound impact of AI and Exponential IT on the future of technology and how to harness these innovations to drive their organisations forward.’
Special Keynote Speakers for LIVE 2024:
Dr Timnit GebruFounder & Executive Director, The Distributed AI Research Institute (DAIR)A trail-blazing computer scientist, Dr. Gebru is renowned for her efforts to reduce the potential negative impacts of AI. As the former co-lead of Google’s Ethical AI research team, Dr Gebru’s departure from Google after authoring a pivotal research paper on the risks of large language models (LLMs) ignited a labour movement, resulting in the formation of the first tech workers union at Google. 
Meredith WhittakerPresident, Signal FoundationAs a cofounder of New York University’s AI Now Institute, Whittaker’s work has helped shape global AI policy. During her decade-long tenure at Google, she founded its Open Research Group and cofounded M-Lab, the world’s largest open data source on internet performance. Whittaker gained notable recognition as a key organiser of the Google walkouts and for her role in a protest against Google’s involvement in a military drone AI surveillance program.
‘Through cutting-edge insights and research, this year’s gathering of global experts will address the most pressing opportunities and challenges in today’s tech landscape,’ adds Harrison. ‘We are looking forward to welcoming distinguished CIOs, speakers, and partners to Las Vegas this September. Together, we will explore the future of AI, ethical considerations, and the exponentially evolving landscape of technology.’
Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024.
Updates and new details about speakers, agendas, and exclusive event experiences can be found via LinkedIn and Twitter over the coming months. 
Media Passes for Info-Tech LIVE 2024Taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas, this premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to cover the insights presented at Info-Tech LIVE or to gain access to research and expert insights on trending topics, please contact [email protected].
About Info-Tech Research GroupInfo-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organisations.
To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights.
Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact [email protected]
For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.
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