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European RIS/PACS Market
Frost & Sullivan, Aug 2010, Pages: 109
This research examines the European RIS/PACS market in terms of the challenges faced by market participants, drivers and restraints in the industry. The main chapters of the research service include an executive summary, overview of the market and in-depth analysis of revenues, pricing, industry challenges,strategic recommendations, market drivers and restraints pertaining to this market. The analysis also covers the competitive landscape and market forecasts in different regions of Europe including Germany, France, Italy Spain, The United Kingdom, Benelux, Scandinavia. This research also provides an understanding about the various market trends.
This Frost & Sullivan research service titled European RIS/PACS Market analyses the dynamics and trends of the market. It projects the outlook for the market and the opportunities it provides for different members in the value chain. The analysis also covers the competitive landscape and market forecasts in different regions of Europe, including Germany, France, Italy, Spain, the United Kingdom, Benelux and Scandinavia. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: radiology information systems (RIS) and picture archiving and communication systems (PACS).
This analysis is available through our Medical Imaging Growth Partnership Services programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services programme ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Ability to Support Enhanced Productivity to Motivate Installation of Radiology Information System-driven Picture Archiving Communication Systems
In Europe, the market is saturated with legacy RIS modules; penetration of legacy RIS modules is almost 100 per cent. While the penetration of PACS is 80 per cent, the modern RIS that drives PACS has only reached a penetration level of about 41 per cent in Europe. Many hospitals are reluctant to install a new RIS due to complications associated with training a large group of staff as well as concerns over data migration and security. However, with the third generation of PACS installations, the importance of investing in a modern RIS has been realised by hospitals. Moreover, hospitals are also recognising the need to purchase RIS and PACS from the same vendor to reduce operational cost.
“Expanding regulatory initiatives of DICOM and HL7 will make the homegrown RIS solution obsolete, thereby boosting RIS installations from prominent vendors,” notes the analyst of this research. “The new slipstream of advanced PACS installations will require hospitals to have a modern RIS system that will drive these PACS.” Old RIS modules are unidirectional systems incapable of driving PACS modules. Unidirectional systems will also lead to unnecessary duplication of data, thereby adding to the operational cost of hospitals. Modern RIS and PACS installations will ensure a single-point desktop access to radiology information and digitised images. This will support enhanced productivity.
Prospect of Reduced Operational Cost over Long Term Boosts Uptake
The major challenge faced by the RIS/PACS industry is related to people. Hospital staff have been used to legacy RIS modules that have existed for more than 20 years. For a long time, hospitals were only concerned with allocating budgets for PACS installations and making their IT portfolio complete. RIS systems used to cost as much as PACS systems about 5-6 years ago. European hospitals allocated budgets only for PACS purchase and not for RIS.
As most RIS and PACS modules are sold separately, hospitals can save between 10-20 per cent (depending on their preliminary requirements) of the total price on their initial RIS/PACS installation. An even more important criterion promoting system adoption is the prospect of reduced operational cost during the long term. “Vendors for RIS and PACS modules should justify faster return on investments to clients through the purchase of both modules as a combined package,” advises the analyst.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Radiology information systems (RIS)
- Picture archiving and communication systems (PACS)
- Frost & Sullivan Growth Partnership Services
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