The PACS and RIS market size in Europe is estimated to be worth USD 1333.9 million by 2028 from USD 1005.2 million in 2023, growing at a CAGR of 5.82% from 2023 to 2028.
The rapid adoption of PACS and RIS in hospitals drives the growth of the Europe PACS and RIS market. PACS or Picture Archiving & Communications System securely stores and transports patient medical images, reducing manual errors and enabling digital transmission of electronic images across the region. Radiology Information Systems (RIS) store patient data and allow for modifications when necessary, serving as electronic healthcare record systems. The cost-effectiveness and secure image transmission capabilities of PACS make it a preferred choice for radiologists. The rising prevalence of chronic diseases and the aging population necessitates efficient storage and retrieval systems for patient data access further promoting the European market growth. Chronic diseases such as cancer, cardiovascular issues, and arthritis are significant causes of mortality in the population. To enhance treatment planning and reduce mortality rates, healthcare professionals and researchers rely on advanced systems like PACS and RIS to effectively manage patient data and facilitate data searches for individual patients.
The continuous technological advancements in the PACS and RIS contribute to the growth of the European market. Artificial Intelligence is a notable technology used in radiology, enabling healthcare providers to enhance their capabilities and effectively manage time, resources and workload. By leveraging AI, radiologists can identify and analyze issues in medical images, leading to more informed treatment decisions. Ongoing research and development investments, government support and software approvals contribute to the growth of the market, while researchers strive to incorporate additional features and leverage the latest technologies to further improve the software used in PACS and RIS systems.
The rising demand for efficient storage, management, and retrieval of medical images and patient data, growing prevalence of chronic diseases, increasing need for accurate and timely diagnosis and growing number of initiatives from European governments promoting the digitization of healthcare systems and electronic health records favour the growth of the European PACS and RIS market. The growing investments in healthcare IT infrastructure and digitalization efforts, rising awareness among healthcare professionals about the benefits of PACS and RIS systems, expansion of telemedicine and remote healthcare services that drive the need for secure image sharing and access and growing demand for personalized medicine and precision healthcare that require seamless integration of medical imaging data into patient treatment plans drive the growth of the PACS and RIS market in Europe.
High initial implementation and maintenance costs associated with PACS and RIS systems, complex integration process with existing healthcare IT infrastructure and systems and concerns regarding data security and patient privacy, especially with the transmission and storage of sensitive medical images and records hamper the growth of the European market. Limited interoperability between different PACS and RIS systems, resistance to change and reluctance to adopt new technologies among healthcare providers and staff and cack of standardized protocols and regulations for PACS and RIS implementation and usage inhibit the growth rate of the European market. Insufficient IT support and training for healthcare professionals in effectively utilizing PACS and RIS systems, regulatory and compliance challenges related to data storage, retention and accessibility and limited accessibility to advanced imaging modalities and equipment in certain regions affecting the utilization of PACS and RIS solutions further hinder the European market growth.
This research report on the Europe PACS and RIS market has been segmented and sub-segmented into the following categories.
By Product Type:
By Component:
By Deployment:
By End User:
By Country:
Europe accounted for a notable share of the global market in 2022 and is expected to grow at a promising CAGR during the forecast period. The UK held the leading share of the European market in 2022 and is estimated to grow at a healthy CAGR during the forecast period. Factors such as the widespread adoption of advanced software technologies in the healthcare sector to provide enhanced patient treatment outcomes, increasing healthcare expenditure, thriving ecosystem of startup companies and increasing number of diagnostic centers. The government in the UK has taken proactive measures to encourage the implementation of PACS and RIS systems in hospitals. Germany is another noteworthy regional market in Europe and is expected to grow at a healthy growth rate during the forecast period owing to the growing patient population of various diseases and a strong embrace of digital technologies in healthcare.
KEY MARKET PLAYERS:
Companies that are playing a leading role in the Europe PACS and RIS market are Siemens Healthineers AG, GE Healthcare, Philips Healthcare, Fujifilm Holdings Corporation and Agfa-Gevaert Group.
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