The radiology information systems market size in Europe is anticipated to be worth USD 0.58 billion by 2028 from USD 0.35 billion in 2023, growing at a CAGR of 10.58% from 2023 to 2028.
The growing prevalence of chronic diseases and increasing geriatric population across Europe majorly drive the growth of the Europe RIS market. Chronic diseases including cancer, cardiovascular disease, and arthritis contribute significantly to mortality rates in the European region. Approximately 35% of the EU population suffers from chronic diseases. Notably, breast and lung cancer cases have contributed to a rise in mortality rates. To address this issue, researchers are focused on studying cancer-related information, including medical images and patient disease data. Radiology Information Systems (RIS) play a vital role in managing and organizing medical imagery and related data. These software systems serve as specialized electronic health records, storing essential patient information and reports for efficient treatment purposes. Furthermore, the accessibility of these databases and software from anywhere with proper authentication enhances their usability and effectiveness.
The rapid adoption of radiology information systems by healthcare providers and diagnostic centers contributes to the European market growth. These systems offer numerous benefits, including the reduction of medical errors caused by human factors, streamlined patient registration and appointment scheduling, efficient patient list management, effective patient tracking and improved workflow within healthcare systems. Patient tracking is particularly valuable in delivering personalized treatment to patients. RIS stores all patient-related imagery reports, enabling healthcare providers to make informed clinical decisions. Additionally, RIS plays a crucial role in facilitating billing processes, allowing for timely and accurate billing, including insurance policies, thereby enhancing operational efficiency in the healthcare sector.
Factors such as regulatory support and compliance, growing demand for efficient healthcare systems, integration with other healthcare IT systems, rapid adoption of telemedicine, increasing demand for personalized medicine and rising investments and collaborations contribute to the growth of the European radiology information systems market.
High implementation and maintenance costs, lack of interoperability between different healthcare systems, privacy and security concerns related to patient data and resistance to change from traditional paper-based systems primarily hamper the growth of the RIS market in the European region. Limited availability of skilled professionals, slow adoption rate in certain regions or healthcare facilities and complex regulatory landscape and compliance requirements inhibit the growth of the European RIS market. Lack of awareness and understanding about the benefits of RIS and limited reimbursement policies for RIS implementation and usage further hinder the European market growth.
This research report on the Europe radiology information systems (RIS) market has been segmented and sub-segmented into the following categories.
By Deployment Mode:
By Product:
By End-Use:
By Country:
Europe accounted for the second-largest share of the global market in 2022 and is estimated to grow at a healthy CAGR during the forecast period. The UK had the leading share of the European market in 2022 and is expected to grow at a promising CAGR during the forecast period. The remarkable advancements in healthcare practices and substantial investments made by healthcare organizations in the UK drive the UK market growth. The growing number of startup companies, a surge in clinical trials within the UK and the growing awareness campaigns promoting the advantages of radiology information contribute to the UK market growth. Healthcare organizations in the United Kingdom also prioritize training centers to enhance the proficiency of healthcare workers, enabling them to deliver higher-quality patient care. Germany is predicted to account for a notable share of the European market during the forecast period. The introduction of new healthcare software solutions and the increased presence of advanced diagnostic centers such as X-ray, MRI, and ultrasound facilities promote the German market growth.
KEY MARKET PLAYERS:
Agfa-Gevaert N.V., Philips Healthcare, Siemens Healthineers, Cerner Corporation and Epic Systems Corporation are a few of the leading companies in the Europe radiology information systems (RIS) market.
Frequently Asked Questions
The growth rate of the europe radiology information systems(RIS) market is 10.58% during the forecast period.
Agfa-Gevaert N.V., Philips Healthcare, Siemens Healthineers, Cerner Corporation and Epic Systems Corporation are a few of the leading companies in the Europe radiology information systems (RIS) market.
The europe radiology information systems(RIS) market size is projected to reach USD 0.58 billion by 2028.
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