The European RIS/PACS market could reach $1.35 billion in revenues in 2016, doubling the market's estimated value of $679.4 million in sales in 2009.
That's according to a new report from market research firm Frost & Sullivan of San Antonio, which estimates that the penetration of PACS in European hospitals currently is at 80%, with RIS only having reached a market level of approximately 41%.
With the third generation of PACS installations in place, the report added that hospitals have realized the importance of investing in a modern RIS and also are recognizing the need to purchase RIS and PACS from the same vendor to reduce operational costs.
While most RIS and PACS modules are sold separately, hospitals can save between 10% and 20%, depending on requirements, on the total price of an initial RIS/PACS installation. An even more important criterion promoting system adoption is the prospect of reduced operational costs during the long term.
Expanding regulatory initiatives of DICOM and HL7 also will make the homegrown RIS solution obsolete, according to the report, boosting RIS installations from vendors. Advanced PACS installations will require hospitals to have a modern RIS that will drive these PACS.
The major challenge faced by the RIS/PACS industry is related to hospital staff who have used legacy RIS modules that are more than 20 years old.
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