The Radiology Information Systems (RIS) market in Europe is expected to grow from US$315.32 million in 2019to US$574.44 million by 2027. This represents a CAGR of 8.0% from 2020 to 2027.
The growth of the market in the region is expected to grow owing to advancements in diagnostic imaging solutions coupled with rising number of diagnostic procedures, increasing partnerships and collaborations are driving the adoption of radiology information systems are projected to drive the Europe Radiology Information Systems (RIS) market during the forecast period. Moreover, the COVID-19 has been massively hit by COVID-19 outbreak affecting many of its countries on a large scale. Italy, Germany, Spain, UK and France along with other European countries are continually witnessing rise in number of corona virus cases every day that has impacting the market owing to the use of radiological technologies for diagnostic procedures.The UK has observed fast growth in the Radiology Information Systems (RIS) market within the past few years and is expected to lead the marketinEuropeduring the forecast period.For instance, the United Kingdom’s National Health Service (NHS) is currently transitioning to digital from earlier use of hard copies in order to revamp its care delivery model. This has led to the implement of RIS in the radiology department of the hospital. The installation of RIS is likely help to provide better and efficient services to the patient. Furthermore, the government is planning to boost the Artificial intelligence in the radiology segment. The data required for deriving the algorithm from radiological pathology of all body. The data is resent with the PACS of NHS hospital in the UK.
UK Radiology Information Systems (RIS) Market Revenue and Forecast to 2027 (US$ Million)
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EUROPERADIOLOGY INFORMATION SYSTEMS (RIS) – MARKET SEGMENTATION
ByProduct
· Standalone RIS
· Integrated RIS
By Deployment
· Web-Based RIS
· Cloud-Based RIS
· On-Premises RIS
By Component
· Services
· Hardware
· Software
By End User
· Office-Based Physicians
· Hospitals
· Emergency Healthcare Service Providers
By Country
· UK
· Germany
· France
· Italy
· Spain
CompanyProfiles
- Koninklijke Philips N.V
- Siemens Healthineers AG
- Bayer AG
- Cerner Corporation
- General Electric Company
- McKESSON CORPORATION
- IBM Corporation
- Epic Systems Corporation
- Fujifilm Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Deployment, Component, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Radiology Information Systems (RIS) Market – By Product
1.3.2 Europe Radiology Information Systems (RIS) Market – By Deployment
1.3.3 Europe Radiology Information Systems (RIS) Market – By Component
1.3.4 Europe Radiology Information Systems (RIS) Market – By End User
1.3.5 Europe Radiology Information Systems (RIS) Market – By Country
2. Europe Radiology Information Systems (RIS) Market Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Radiology Information Systems (RIS) – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Europe Radiology Information Systems (RIS) Market Industry Dynamics
5.1 Market Drivers
5.1.1 Advancements in Diagnostic Imaging Solutions Coupled with Rising Number of Diagnostic Procedures
5.1.2 Increasing Partnerships and Collaborations are Driving the Adoption of Radiology Information Systems
5.2 Market Restraints
5.2.1 Concerns Regarding Data Privacy
5.3 Market Opportunities
5.3.1 Growing Adoption of Healthcare IT Services in Emerging Economies
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence (AI)
5.5 Impact analysis
6. Europe Radiology Information Systems (RIS) Market By Product
6.1 Overview
6.2 Radiology Information Systems (RIS) Market Share, by Product, 2019 and 2027 (%)
6.3 Standalone RIS
6.3.1 Overview
6.3.2 Standalone RIS: Radiology Information Systems (RIS) Market– Revenue and Forecast to 2027 (US$ million)
6.4 Integrated RIS
6.4.1 Overview
6.4.2 Integrated RIS: Radiology Information Systems (RIS) Market– Revenue and Forecast to 2027 (US$ million)
7. Europe Radiology Information Systems (RIS) Market By Deployment
7.1 Overview
7.2 Radiology Information Systems (RIS) Market, by Deployment, 2019 and 2027 (%)
7.3 Web-Based RIS
7.3.1 Overview
7.3.2 Web-Based RIS: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Cloud-Based RIS
7.4.1 Overview
7.4.2 Cloud-Based RIS: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
7.5 On-Premises RIS
7.5.1 Overview
7.5.2 On-Premises: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe Radiology Information Systems (RIS) Market By Component
8.1 Overview
8.2 Radiology Information Systems (RIS) Market, by Component, 2019 and 2027 (%)
8.3 Hardware
8.3.1 Overview
8.3.2 Hardware: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Software
8.4.1 Overview
8.4.2 Software: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Services
8.5.1 Overview
8.5.2 Services: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Radiology Information Systems (RIS) Market By End User
9.1 Overview
9.2 Radiology Information Systems (RIS) Market, by End User, 2019 and 2027 (%)
9.3 Office-Based Physicians
9.3.1 Overview
9.3.2 Office-Based Physicians: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Hospitals
9.4.1 Overview
9.4.2 Hospitals: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Emergency Healthcare Service Providers
9.5.1 Overview
9.5.2 Emergency Healthcare Service Providers: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
10. Europe Radiology Information Systems (RIS) Market – Country Analysis
10.1 Europe: Radiology Information Systems (RIS) Market
10.1.1 Overview
10.1.2 Europe: Radiology Information Systems (RIS) Market– Revenue and Forecast to 2027 (USD Millions)
10.1.3 Europe: Radiology Information Systems (RIS) Market, by Product, 2018–2027 (USD Millions)
10.1.4 Europe: Radiology Information Systems (RIS) Market, by Deployment, 2018-2027 (USD Millions)
10.1.5 Europe: Radiology Information Systems (RIS) Market, by Component, 2018-2027 (USD Millions)
10.1.6 Europe: Radiology Information Systems (RIS) Market, by End User, 2018-2027 (USD Millions)
10.1.7 Europe: Radiology Information Systems (RIS) Market, by Country, 2019 & 2027 (%)
10.1.8 Germany: Radiology Information Systems (RIS) Market
10.1.8.1 Germany: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (USD Millions)
10.1.8.2 Germany: Radiology Information Systems (RIS) Market, by Product, 2018–2027 (USD Millions)
10.1.8.3 Germany: Radiology Information Systems (RIS) Market, by Deployment, 2018-2027 (USD Millions)
10.1.8.4 Germany: Radiology Information Systems (RIS) Market, by Component, 2018-2027 (USD Millions)
10.1.8.5 Germany: Radiology Information Systems (RIS) Market, by End User, 2018-2027 (USD Millions)
10.1.9 United Kingdom: Radiology Information Systems (RIS) Market
10.1.9.1 United Kingdom: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (USD Millions)
10.1.9.2 United Kingdom: Radiology Information Systems (RIS) Market, by Product, 2018–2027 (USD Millions)
10.1.9.3 United Kingdom: Radiology Information Systems (RIS) Market, by Deployment, 2018-2027 (USD Millions)
10.1.9.4 United Kingdom: Radiology Information Systems (RIS) Market, by Component, 2018-2027 (USD Millions)
10.1.9.5 United Kingdom: Radiology Information Systems (RIS) Market, by End User, 2018-2027 (USD Millions)
10.1.10 France: Radiology Information Systems (RIS) Market
10.1.10.1 France: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (USD Millions)
10.1.10.2 France: Radiology Information Systems (RIS) Market, by Product, 2018–2027 (USD Millions)
10.1.10.3 France: Radiology Information Systems (RIS) Market, by Deployment, 2018-2027 (USD Millions)
10.1.10.4 France: Radiology Information Systems (RIS) Market, by Component, 2018-2027 (USD Millions)
10.1.10.5 France: Radiology Information Systems (RIS) Market, by End User, 2018-2027 (USD Millions)
10.1.11 Italy: Radiology Information Systems (RIS) Market
10.1.11.1 Italy: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (USD Millions)
10.1.11.2 Italy: Radiology Information Systems (RIS) Market, by Product, 2018–2027 (USD Millions)
10.1.11.3 Italy: Radiology Information Systems (RIS) Market, by Deployment, 2018-2027 (USD Millions)
10.1.11.4 Italy: Radiology Information Systems (RIS) Market, by Component, 2018-2027 (USD Millions)
10.1.11.5 Italy: Radiology Information Systems (RIS) Market, by End User, 2018-2027 (USD Millions)
10.1.12 Spain: Radiology Information Systems (RIS) Market
10.1.12.1 Spain: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (USD Millions)
10.1.12.2 Spain: Radiology Information Systems (RIS) Market, by Product, 2018–2027 (USD Millions)
10.1.12.3 Spain: Radiology Information Systems (RIS) Market, by Deployment, 2018-2027 (USD Millions)
10.1.12.4 Spain: Radiology Information Systems (RIS) Market, by Component, 2018-2027 (USD Millions)
10.1.12.5 Spain: Radiology Information Systems (RIS) Market, by End User, 2018-2027 (USD Millions)
11. Impact of COVID-19 Pandemic on Europe Radiology Information Systems (RIS) Market
11.1 Europe: Impact assessment of COVID-19 Pandemic
12. Europe Radiology Information Systems (RIS) Market Company Profiles
12.1 Koninklijke Philips N.V.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Siemens Healthineers AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bayer AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cerner Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 General Electric Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 McKESSON CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 IBM Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Epic Systems Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Fujifilm Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Radiology Information Systems (RIS) Market, by Product – Revenue and Forecast to 2027 (USD Millions)
Table 2. Europe Radiology Information Systems (RIS) Market, by Deployment – Revenue and Forecast to 2027 (USD Millions)
Table 3. Europe Radiology Information Systems (RIS) Market, by Component – Revenue and Forecast to 2027 (USD Millions)
Table 4. Europe Radiology Information Systems (RIS) Market, by End User – Revenue and Forecast to 2027 (USD Millions)
Table 5. Germany Radiology Information Systems (RIS) Market, by Product – Revenue and Forecast to 2027 (USD Millions)
Table 6. Germany Radiology Information Systems (RIS) Market, by Deployment – Revenue and Forecast to 2027 (USD Millions)
Table 7. Germany Radiology Information Systems (RIS) Market, by Component – Revenue and Forecast to 2027 (USD Millions)
Table 8. Germany Radiology Information Systems (RIS) Market, by End User – Revenue and Forecast to 2027 (USD Millions)
Table 9. United Kingdom Radiology Information Systems (RIS) Market, by Product – Revenue and Forecast to 2027 (USD Millions)
Table 10. United Kingdom Radiology Information Systems (RIS) Market, by Deployment – Revenue and Forecast to 2027 (USD Millions)
Table 11. United Kingdom Radiology Information Systems (RIS) Market, by Component – Revenue and Forecast to 2027 (USD Millions)
Table 12. United Kingdom Radiology Information Systems (RIS) Market, by End User – Revenue and Forecast to 2027 (USD Millions)
Table 13. France Radiology Information Systems (RIS) Market, by Product – Revenue and Forecast to 2027 (USD Millions)
Table 14. France Radiology Information Systems (RIS) Market, by Deployment – Revenue and Forecast to 2027 (USD Millions)
Table 15. France Radiology Information Systems (RIS) Market, by Component – Revenue and Forecast to 2027 (USD Millions)
Table 16. France Radiology Information Systems (RIS) Market, by End User – Revenue and Forecast to 2027 (USD Millions)
Table 17. Italy Radiology Information Systems (RIS) Market, by Product – Revenue and Forecast to 2027 (USD Millions)
Table 18. Italy Radiology Information Systems (RIS) Market, by Deployment – Revenue and Forecast to 2027 (USD Millions)
Table 19. Italy Radiology Information Systems (RIS) Market, by Component – Revenue and Forecast to 2027 (USD Millions)
Table 20. Italy Radiology Information Systems (RIS) Market, by End User – Revenue and Forecast to 2027 (USD Millions)
Table 21. Spain Radiology Information Systems (RIS) Market, by Product – Revenue and Forecast to 2027 (USD Millions)
Table 22. Spain Radiology Information Systems (RIS) Market, by Deployment – Revenue and Forecast to 2027 (USD Millions)
Table 23. Spain Radiology Information Systems (RIS) Market, by Component – Revenue and Forecast to 2027 (USD Millions)
Table 24. Spain Radiology Information Systems (RIS) Market, by End User – Revenue and Forecast to 2027 (USD Millions)
Table 25. Glossary of Terms, Radiology Information Systems (RIS) Market
LIST OF FIGURES
Figure 1. Radiology Information Systems (RIS) Market Segmentation
Figure 2. Radiology Information Systems (RIS) Segmentation, By Region
Figure 3. Europe Radiology Information Systems (RIS) Market Overview
Figure 4. The Integrated RIS Segment Held Largest Share of Product Segment In Radiology Information Systems (RIS) Market
Figure 5. UK Region Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe Radiology Information Systems (RIS) Market- Leading Country Markets (US$ Million)
Figure 7. Europe PEST Analysis
Figure 8. Radiology Information System (RIS) Market Impact Analysis of Driver and Restraints
Figure 9. Radiology Information Systems (RIS) Market Share, by Product, 2019 and 2027 (%)
Figure 10. Standalone RIS: Radiology Information Systems (RIS) Market– Revenue and Forecast to 2027 (US$ million)
Figure 11. Integrated RIS: Radiology Information Systems (RIS) Market– Revenue and Forecast to 2027 (US$ million)
Figure 12. Radiology Information Systems (RIS) Market, by Deployment, 2019 and 2027 (%)
Figure 13. Web-Based RIS: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Cloud-Based RIS: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. On-Premises: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Radiology Information Systems (RIS) Market, by Component, 2019 and 2027 (%)
Figure 17. Hardware: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Software: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Services: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Radiology Information Systems (RIS) Market, by End User, 2019 and 2027 (%)
Figure 21. Office-Based Physicians: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Hospitals: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Emergency Healthcare Service Providers: Radiology Information Systems (RIS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Europe: Radiology Information Systems (RIS) Market, by Key Country – Revenue (2019) (USD Millions)
Figure 25. Europe Radiology Information Systems (RIS) Market Revenue and Forecast to 2027 (USD Millions)
Figure 26. Europe: Radiology Information Systems (RIS) Market, by Country, 2019 & 2027 (%)
Figure 27. Germany Radiology Information Systems (RIS) Market Revenue and Forecast to 2027 (USD Millions)
Figure 28. United Kingdom Radiology Information Systems (RIS) Market Revenue and Forecast to 2027 (USD Millions)
Figure 29. France Radiology Information Systems (RIS) Market Revenue and Forecast to 2027 (USD Millions)
Figure 30. Italy Radiology Information Systems (RIS) Market Revenue and Forecast to 2027 (USD Millions)
Figure 31. Spain Radiology Information Systems (RIS) Market Revenue and Forecast to 2027 (USD Millions)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- Koninklijke Philips N.V
- Siemens Healthineers AG
- Bayer AG
- Cerner Corporation
- General Electric Company
- McKESSON CORPORATION
- IBM Corporation
- Epic Systems Corporation
- Fujifilm Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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