The European Radiology Information System (RIS) Market is expected to reach $152.0 million by 2018 - New Report by MicroMarket Monitor

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European Radiology Information System Market to grow due to initiatives by European Commission and growing participation of private healthcare providers in the region http://www.micromarketmonitor.com/market/europe-radiology-information-systems-7507838305.html

MicroMarket Monitor

MicroMarket Monitor

Key Players in the European Radiology Information System (RIS) Market are Allscripts, Cerner Corporation, Epic System, GE, Mckesson Corporation, Philips, Siemens AG

The European Radiology Information System (RIS) Market report defines and segments the concerned market in Europe with analysis and forecast of revenue. This market is expected to reach $152.0 million by 2018 and is estimated to grow at a CAGR of 6.9% from 2013 to 2018.

Browse through the TOC of the European Radiology Information System (RIS) Market to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, and is supported by various tables and figures.

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Radiology information system is a database which maintains the radiology information of patients, thus improving hospital workflow. The database stores and distributes patient radio-logical data and related images in its networked software. RIS comprises a patient tracking and scheduling system, a result reporting system, and an image tracking system. It is used for patient registration and patient scheduling, patient list management, radiology department workflow management, request and document scanning, result entry, reporting and printouts, result delivery including faxing and e-mailing of clinical reports, patient tracking, technical file creation, modality, and material management. RIS helps to keep track of the patient from the time of admission till the time of discharge.

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Adoption of RIS has improved among healthcare providers; the growing trends towards the integration of RIS into hospital information systems (HIS) and picture archiving and communication systems (PACS) are driving the market. Moreover, users also prefer such integrated solutions as they improve the efficiency of the systems. Some favorable initiatives by the European Commission such as the eGovernment Action Plan 2011-2015, to support and complement Information and Communication Technologies (ICT) including eHealth and allocation of 5% of health budget to implement healthcare IT solutions, will also accelerate the growth of this market.

The region has increasing aging population, and as the population ages, the proportion of younger tax or insurance-paying earners will decline, which results in low tax revenue generation. Consequently, this has compelled governments to adopt HCIT solutions to bring down healthcare costs as well as ensure quality healthcare for aged patients. In addition, the participation of private healthcare providers has attracted foreign players to the European HCIT market. For instance, in 2013, Meander Medical Center invited Agfa Healthcare to upgrade the hospital’s existing IMPAX Picture Archiving and Communication System and to implement both, Agfa Health Care's Radiology Information System (RIS) and Nuclear Information System (NIS) with speech recognition.

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The European RIS market has been segmented on the basis of its types, applications, deployment, components, and end user. By type, it has been segmented into integrated and standalone. The applications include clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, drug-drug interactions, and other applications. The market by deployment is further categorized as on-premises, web-based, and cloud-based, while the market by component comprises hardware, software, and services. End users include emergency healthcare service providers, hospitals, nurses, and office-based physicians.

This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of key players in the market.

Related Reports :

North American Radiology Information Systems Market

Radiology information system (RIS) is a networked software application/module which is used in storing, manipulating, and distributing patient radio-logical data and related images. RIS comprises a patient tracking and scheduling system, a result reporting, and an image tracking system. It is used for patient registration and patient scheduling, patient list management, radiology department workflow management, request and document scanning, result entry, result delivery including faxing and e-mailing of clinical reports, patient tracking, modality and material management. These systems are used to automate various operations and services of the radiology department.

North America accounts for the largest share of the radiology information systems market globally in 2013. The market value was pegged at $255 million in 2012 and is expected to grow at a CAGR of 7.9% from 2013 to 2018.

http://www.micromarketmonitor.com/market/north-america-radiology-information-systems-8733118569.html

About MicroMarket Monitor :

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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