Report : Asia Pacific Radiology Information Systems (RIS) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Standalone RIS and Integrated RIS), By Deployment (Web Based RIS, Cloud Based RIS and Office Based Physicians), By Component (Services, Hardware, and Software), By End User (Office Based Physicians, Hospitals, Emergency Healthcare Service Providers) and By Country
Integrated RIS Segment to Grow at Faster Pace During Forecast Period
According to The Insight Partners market research study of “Asia Pacific Radiology Information Systems (RIS) Market to 2027 – Regional Analysis and Forecast by Diagnostic Product, Deployment, Component, End User, and Country,” the Asia Pacific Radiology Information Systems (RIS) market is projected to reach US$ 375.45 million by2027 from US$ 191.45 million in 2019. The market is estimated to grow at CAGR of 9.0% from 2020 to 2027. The report highlights trends prevailing in the Asia Pacific Radiology Information Systems (RIS) market and the factors driving market along with those that act as hindrances.
The Asia Pacific Radiology Information Systems (RIS) market, based on product, is further segmented into integrated RIS and standalone RIS. The integrated RIS segment held a larger share of the market in 2019. And, is estimated to register a higher CAGR during the forecast period owing to rising adoption of artificial intelligence (AI) in disease identification and advancements in diagnostic imaging solutions coupled with rising number of diagnostic procedures. Increasing awareness about diagnostics is propelling the companies to enter into this market to tap lucrative opportunities. For instance, In October 2019, AllScripts extended its partnership with Northwell Health with its Sunrise inpatient platform until 2027. Sunrise is an integrated electronic health record, which connects all the aspects of care comprising of pharmacy, ambulatory, acute, radiology, and laboratory services. Therefore, the growing number of diagnostic imaging procedures and advancements are likely to drive the growth of the radiology information system market.
Leading companies operating in the radiology information systems (RIS) market are Koninklijke Philips N.V, Siemens Healthineers AG, Bayer AG, Cerner Corporation, General Electric Company, McKESSON CORPORATION, IBM Corporation, Epic Systems Corporation, Fujifilm Corporation amongst others.
The report segments Asia Pacific Radiology Information Systems (RIS) market as follows:
By End User