HIT Think Five Trends Shaping the Future of The Radiology IT Market

Steve Holloway headshot
Steve Holloway
Published: May 21, 2019 In The News
20th May 2019 – Written by Steve Holloway – Featured on HealthData Management’s website – Against the backdrop of artificial intelligence in medical imaging and other hyped healthcare IT technologies, market trends in core radiology IT software and services can easily be overlooked. Many of the largest markets in North America and Western Europe have reached saturation, with few new ‚”greenfield‚” opportunities.

Instead, the dynamics of much of the global radiology IT market revolve around long procurement cycles, replacement or contract roll-on and an entrenched customer base.

However, with anticipated spending on radiology IT expected to exceed $2.5 billion, compared with more than $25 billion spent on medical imaging modality hardware, the future direction of the global market should not be overlooked.