China is Expected to Grow at a CAGR of 8.5% In Asian Radiology Information Systems Market

Date: 2015-08-12

“The Asian Radiology Information systems market is estimated to grow at a CAGR of 8.1% from 2014 to 2019. Japan held the largest share of the Asian radiology information systems market; however, China is expected to grow at a CAGR of 8.5% during the forecast period. 

In Asia, need for healthcare IT solutions is increasing at a rapid pace in order to overcome critical issues regarding medication errors such as adverse drug effects, rising cost of healthcare, and shortage of trained staff. This is accelerating the demand for clinical IT solutions such as RIS, pharmacy information systems (PIS), picture archiving and communication systems (PACS), and clinical decision support systems (CDSS). The countries that actively adopt healthcare IT solutions are Japan, South Korea, India, China, and Australia. 

Emerging markets such as China and India possess huge growth potential for the Asian radiology information systems market. This is due to the rising incidence of chronic diseases and large population base. Moreover, rising number of mergers and acquisitions and popularity of wireless and cloud computing in information systems are some recent trends that have been observed in the Asian radiology information systems market.

In-depth profiling of the key players has been conducted along with the recent developments (new product launches and partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the Asian radiology information systems market. Some of the leading players in this market are Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), GE Healthcare (U.K.), and Siemens AG (Germany).

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