Home Add to Favorite Contact Submit  
           24 April, 2024


    
Category:  Press » Business

 

Increasing Potential for RIS-driven PACS Modules in Europe, Finds Frost & Sullivan

Popularity:
         Views: 1603
2010-08-24 04:46:45     
Frost & Sullivan

While the penetration of picture archiving and communication systems (PACS) in European hospitals is 80 per cent, the modern radiology information system (RIS) that drives PACS has only reached a penetration level of about 41 per cent. Legacy RIS modules ubiquitously dominate the market and 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, hospitals have realised the importance of investing in a modern RIS. Moreover, they are also recognising the need to purchase RIS and PACS from the same vendor to reduce operational costs.

New analysis from Frost & Sullivan (http://www.medicalimaging.frost.com), European RIS/PACS Market, finds that the market was valued at $679.4 million in 2009 and estimates this to reach $1,353.3 million in 2016.

"Expanding regulatory initiatives of DICOM and HL7 will make the homegrown RIS solution obsolete, thereby boosting RIS installations from prominent vendors," notes Frost & Sullivan Programme Manager Eramangalath Sujith. "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.

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 five to six years ago," explains Sujith. "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 Sujith.

If you are interested in more information on Frost & Sullivan's latest study on the European RIS/PACS Market, please send an e-mail to Katja Feick, Corporate Communications, at katja.feick@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

European RIS/PACS Market is part of the Medical Imaging Growth Partnership Services programme, which also includes research in the following markets: European Laboratory Information Systems, European C-Arms Market and, Strategic Outlook into Archive Requirements for Digitised Images in Medical Imaging. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

European RIS/PACS Market (M564)

Contact:

Katja Feick

Corporate Communications – Europe

P: +49 (0) 69 7703343

E: katja.feick@frost.com

http://www.frost.com

Twitter: twitter.com/frost_sullivan

Specialized in: Business Consulting - Growth Consulting - Market Analysis - Corporate Training - Business Consulting Firm - Frost - Frost And Sullivan - Frostcom
URL: http://www.frost.com/
Print press release      Bookmark this page
Related Press releases 
Spiffy Clean Announces Unprecedented Excellence in Office Cleaning Services for Melbourne CBD (Popularity: ): Spiffy Clean, a trailblazer in the cleaning industry, proudly declares a new era of office cleaning services in the heart of Melbourne CBD. Breaking boundaries with a commitment to excellence, precision, and a touch of innovation, Spiffy Clean is set to redefine the corporate cleanliness landscape for businesses in Melbourne's central business district.Crafting Pristine Workspaces: Spiffy Clean is not just a cleaning service; it's an artist of immaculate workspaces. Tailoring solutions ...
Solo Petroleum Ltd Enhances Heating Oil and Kerosene Services in Yorkshire (Popularity: ): Pontefract, Yorkshire - Solo Petroleum Ltd, a leading provider of heating solutions, is pleased to announce the expansion of its heating oil and kerosene distribution services in Yorkshire. This development is set to benefit a wide range of customers, from residential households to large-scale industrial clients, ensuring reliable and efficient heating solutions throughout the region.As a trusted supplier in the energy sector, Solo Petroleum Ltd has consistently delivered high-quality heating ...
Golden Entrepreneur Awards Recognize and Reward Top Entrepreneurs from Diverse Industries (Popularity: ): The prestigious Golden Entrepreneur Awards have once again identified and celebrated the exceptional achievements of entrepreneurs from around the globe. Each year, our esteemed panel of experts meticulously selects and honors leaders who have showcased remarkable vision, innovation, and influence in their respective industries. From established Fortune 500 companies to blossoming startups, our winners epitomize the pinnacle of success in the world of business. This prestigious award serves as a testament ...
JJ & S Electric LLC Provides Superior Electrical Services in Yakima Round the Clock (Popularity: ): Yakima, WA ( press.abc-directory.com ) May 10, 2023 - JJ & S Electric LLC, a top-rated electrician in Yakima, provides 24/7 electrical services for residential and commercial customers at affordable costs. They are committed to providing reliable electrical solutions that comply with the highest standards in the industry. They are certified and bonded to provide a variety of electrical projects for businesses, industries, and homes.When asked about their service, "At ...
MJN Building Services: Your Trusted Builder in Faversham for Home Refurbishments and More (Popularity: ): Faversham, UK - May 8, 2023- MJN Building Services is proud to offer comprehensive building services for homeowners in Faversham and the surrounding areas. With years of experience, the company has become a trusted partner for those looking to improve their homes through high-quality refurbishments, fencing, external building work, kitchen fitting, and decorating.Home RefurbishmentsWhether you're looking to refresh a room or completely overhaul your home, MJN Building Services has the ...


Related Business 
KinetiX Medical Resources (Popularity: ): Offers installation, integration, and service of PACS, teleradiology, and HIS/RIS systems.
Radiology Software (Popularity: ): BRIT Systems, founded in 1993, provides PACS/RIS/Speech Recognition, Teleradiology/Remote Reading and Critical Results Reporting Tools. BRIT also offers mammography/multi-modality, full-feature diagnostic, clinical review workstations and import stations.
The Friends of Robert Frost (Popularity: ): Organization for Frost enthusiasts who are interested in the poet's life and the historic preservation of the Frost farms in New England where he lived and wrote. Includes student tutorial and biography.
Frost Security: Newcastle Security (Popularity: ): Frost offers service and maintenance packages to suit every need, and with our large fleet of mobile service vehicles, our team is on hand around the clock. Frost maintains a computer controlled inventory system which ensures most components and spare parts can be accessed quickly.
Sullivan Burgess Family Tree (Popularity: ): Researching the Laughlin, Davy, Glendenning, Thomson, Sullivan, Burgess and Farrer ancestral lines. Compiled by Sandi Sullivan.
Python Web Modules (Popularity: ): A suite of simple and easy to use Python components for writing data driven websites. Included are SQL database drivers, templating tools and error, form and session handling modules. Full documentation, examples and a beginner's guide are available.
Kevin Sullivan's Autoshop 101 (Popularity: ): Online training and testing modules on automotive electrical systems. Also offers articles and related links.
Meddiff Technologies Pvt. Ltd. (Popularity: ): Meddiff™ Technologies (formerly known as MedSphere Technologies) is a global leader in Web based PACS, Enterprise PACS, Teleradiology, Enterprise Teleradiology, Telecardiology, Tele-Nuclear Medicine, and Medical Teleimaging solutions. Our streaming based medical imaging solutions store and transmit high quality DICOM/ non DICOM images necessary for diagnostic usability in quick time on minimal bandwidths. They are US FDA approved, HIPAA compliant, and conformant to HL7 standards. Headquartered in Bangalore, Meddiff™Technologies has representation ...
Sidewalk Signs 2Go (Popularity: ): SidewalkSigns2Go stocks exterior-rated advertising signs for displaying posters, letter boards, and marker boards. Most products are double-sided for twice the marketing power. Reaching potential customers is important for all businesses. Newspaper and magazine ads get lost in the many pages of a publication. If a potential customer finds an ad, they must then take the initiative to drive to the business.
San Francisco SEO Company (Popularity: ): By working on popularity and optimization, this SEO company will improve your website’s accessibility thereby increasing its business-generating potential. They will make sure that your site ranks high in online searches, giving you maximum online exposure to potential customers.