Home / Technology & Media / RIS and PACS Market By Product (RIS Market – Delivery Mode, Product Type, End-User; PACS Market – Product Type, Modalities) - Growth, Future Prospects and Competitive Analysis, and Forecast to 2023

RIS and PACS Market By Product (RIS Market – Delivery Mode, Product Type, End-User; PACS Market – Product Type, Modalities) - Growth, Future Prospects and Competitive Analysis, and Forecast to 2023

Published: Sep 2016 | Report Code: 58084-09-16

Medical imaging professionals continue to experience the beneficial applications of healthcare IT. One of such technologies is picture archiving and communications system (PACS) which allows any healthcare organizations to capture, store, view and share all types of images internally and externally. When deploying a PACS, the organization needs to consider the environment in which it will be used (inpatient, ambulatory, emergency, specialties) and the other electronic systems with which it will integrate. Radiology information systems (RIS) are computerized databases that are utilized to track, manipulate, and distribute patient data and imagery. In essence, an RIS is an electronic health records system that is specialized for radiology. Market experts suggest that failing to replace a RIS/PACS platform in a periodical manner might result in costly inefficiencies, but most organizations are unaware of the optimal point at which to initiate the replacement process. Vendors in the market are focusing on several strategies such as licensing agreements, collaborations, and partnership activities to develop highly efficient PACS and RIS module for the better functioning of the healthcare industry

The report titled “RIS and PACS Market- Growth, Share, Opportunities and Competitive Analysis, 2016–2023” offers strategic insights into the overall RIS and PACS market along with the market size and estimates for the duration 2016 to 2023.  This report examines combined and independent markets for RIS and PACS solutions. For the purpose of this study, the global RIS market is categorized in terms of delivery mode, procurement mode and end-user. The RIS market by delivery mode is categorized into cloud-based, on-premise and web-based RIS. Integrated RIS and standalone RIS are the two product types modes prevalent in RIS market. The end-user of RIS include hospitals, imaging centers and others

The PACS market studied in this report is categorized in terms of procurement mode and imaging modality. The imaging modalities thus considered are X-ray, CT, ultrasound, MRI, and PET and SPECT. Similar to VNA, procurement modes in PACS market is classified as departmental PACS and enterprise PACS. This report provides market size and forecast for each considered segment and sub-segment for the period 2014-2024, along with respective CAGRs for the period 2016-2024, while considering 2015 as the base year.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in RIS and PACS market, attractive investment proposition and Porter’s five forces model, and market positioning of key manufacturers sections. Other in-depth analysis provided in the report includes:

Geographically, the RIS and PACS Market is studied for the following regional markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global RIS and PACS market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global RIS and PACS market. This report concludes with company profiles section that highlights major information about the key players engaged in RIS and PACS market. In-depth competitive environment analysis and historical years (2013 & 2014) market size data are also provided in the report.

Thus, the research study provides a holistic view of the treatment RIS and PACS market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above-mentioned factors.

RIS and PACS Market

Chapter 1 Preface 9
1.1 Report Description 9
1.1.1 Purpose of the Report 9
1.1.2 Target Audience 9
1.1.3 USP and Key Offerings 9
1.2 Research Scope 10
1.3 Research Methodology 11
1.3.1 Phase I – Secondary Research 11
1.3.2 Phase II – Primary Research 12
1.3.3 Phase III – Expert Panel Review 12
1.3.4 Assumptions 13

Chapter 2 Executive Summary 14
2.1 Global Radiology Information System (RIS) Market Portraiture 15
2.2 Global Picture Archiving and Communications Systems (PACS) Market Portraiture 16

Chapter 3 PACS& RIS Market Analysis 18
3.1 Global PACS& RIS Market Overview 18
3.1.1 PACS and RIS Market: Future Trends 18
3.1.2 Market Dynamics 19
3.1.3 Drivers 19
3.1.3.1 Intensive Electronic Medical Records (EMR) Adoption 19
3.1.3.2 Reimbursements and Industry Regulations 20
3.1.4 Challenges 21
3.1.4.1 Infrastructure Challenges 21
3.1 Opportunities 22
3.1.1.1 Product Quality Enhancements 22
3.2 Global Vendor Neutral Archiving (VNA) Market Snapshot 23
3.3 Attractive Investment Proposition 24
3.4 Competitive Landscape of Key Vendors in VNA and PACS Market 26

Chapter 4 Global Radiology Information System (RIS) Market Analysis 28
4.1 Introduction 28
4.2 RIS Market, by Delivery Mode 29
4.2.1 Cloud-based RIS 29
4.2.2 On-Premise RIS 30
4.2.3 Web-based RIS Market 31
4.3 RIS Market, by Product Type 33
4.3.1 Integrated RIS System 33
4.3.2 Standalone RIS Systems 34
4.4 RIS Market, by End-Users 35
4.4.1 Hospitals 36
4.4.2 Imaging Centres 37
4.4.3 Others 38

Chapter 5 Global PACS Market Analysis 40
5.1 Introduction 40
5.2 Procurement Mode 41
5.2.1 Departmental PACS 42
5.2.2 Enterprise PACS 43
5.3 Modality 44
5.3.1 X-Ray 45
5.3.2 Computed Tomography 47
5.3.3 Magnetic Resonance Imaging 48
5.3.4 PET & SPECT 50
5.3.5 Ultrasound 51

Chapter 6 Global Radiology Information System (RIS) Market & PACS Market Analysis, By Geography 53
6.1 Preface 53
6.2 North America 55
6.3 Europe 57
6.4 Asia Pacific 60
6.5 Latin America 62
6.6 Middle East and Africa 64

Chapter 7 Company Profiles 67
7.1 Fujifilm Teramedica, Inc. 67
7.2 Agfa Healthcare 69
7.3 GE Healthcare 70
7.4 Merge Healthcare (An IBM Company) 72
7.5 Cerner Corporation 74
7.6 McKesson Corporation 75
7.7 Philips Healthcare 77
7.8 Allscripts Healthcare Solutions, Inc. 79
7.9 Siemens Healthineers 81
7.10 Sectra 82
7.11 Pixmeo 84
7.12 Carestream Health, Inc. 85
7.13 Epic. 87

List of Figures
FIG. 1 PACS& RIS Market: Research Methodology 11
FIG. 2 Global VNA Market Segmentation 23
FIG. 3 Attractive Investment Proposition: Global PACS and RIS Market, by Geography 25
FIG. 4 Cloud-based RIS Market, 2013-2023 (USD Mn) 30
FIG. 5 On-Premise RIS Market, 2013-2023 (USD Mn) 31
FIG. 6 Web-based RIS Market, 2013-2023 (USD Mn) 32
FIG. 7 Global Integrated RIS Market, 2013-2023, (USD Mn) 34
FIG. 8 Global Standalone RIS Market, 2013-2023, (USD Mn) 35
FIG. 9 Global Hospital RIS Market, 2013-2023, (USD Mn) 37
FIG. 10 Global Imaging Centre RIS Market, 2013-2023, (USD Mn) 38
FIG. 11 Global Imaging Centre RIS Market, 2013-2023, (USD Mn) 39
FIG. 12 Global Departmental PACS Market, 2013-2023 (USD Mn) 42
FIG. 13 Global Enterprise PACS Market, 2013–2023 (USD Mn) 44
FIG. 14 Global X-Ray PACS Market, 2013–2023 (USD Mn) 47
FIG. 15 Global Computed Tomography PACS Market, 2013–2023 (USD Mn) 48
FIG. 16 Global Magnetic Resonance Imaging PACS Market, 2013–2023 (USD Mn) 49
FIG. 17 Global PET & SPECT PACS Market, 2013–2023 (USD Mn) 50
FIG. 18 Global Ultrasound PACS Market, 2013–2023 (USD Mn) 51
FIG. 19 Latin America Radiology Information System (RIS) Market , 2013 – 2023 (US$ Mn) 63
FIG. 20 Latin America PACS Market , 2013 – 2023 (US$ Mn) 63
FIG. 21 Middle East & Africa Radiology Information System (RIS) Market , 2013 – 2023 (US$ Mn) 65
FIG. 22 Middle East & Africa PACS Market , 2013 – 2023 (US$ Mn) 65

List of Tables
TABLE 1 Global RIS Market, by Delivery Mode, 2013-2023 (USD Mn) 29
TABLE 2 Global RIS Market, by Product Type, 2013-2023 (USD Mn) 33
TABLE 3 Global RIS Market, by End-Users, 2013-2023 (USD Mn) 35
TABLE 4 Global PACS Market, by Procurement Mode, 2013-2023 (USD Mn) 41
TABLE 5 Global PACS Market, by Modality, 2013-2023 (USD Mn) 45
TABLE 6 Global RIS Market, by Geography, 2013–2023 (USD Mn) 54
TABLE 7 Global PACS Market, by Geography, 2013–2023 (USD Mn) 55
TABLE 8 North America RIS Market, by Country, 2013–2023 (USD Mn) 56
TABLE 9 North America PACS Market, by Country, 2013–2023 (USD Mn) 57
TABLE 10 Europe RIS Market, by Country, 2013–2023 (USD Mn) 58
TABLE 11 Europe PACS Market, by Country, 2013–2023 (USD Mn) 59
TABLE 12 Asia Pacific RIS Market, by Country, 2013–2023 (USD Mn) 61
TABLE 13 Asia-Pacific PACS Market, by Country, 2013–2023 (USD Mn) 62
TABLE 14 Fujifilm Teramedica, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 67
TABLE 15 Agfa Healthcare: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 69
TABLE 16 GE Healthcare: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 70
TABLE 17 Merge Healthcare (An IBM Company): Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 72
TABLE 18 Cerner Corporation: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 74
TABLE 19 McKesson Corporation: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 75
TABLE 20 Philips Healthcare: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 77
TABLE 21 Allscripts Healthcare Solutions Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 79
TABLE 22 Siemens Healthineers: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 81
TABLE 23 Sectra: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 82
TABLE 24 Pixmeo: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 84
TABLE 25 Carestream Health, Inc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 85
TABLE 26 Epic.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 87

RIS Product Segmentation Investigation

The global RIS market is studied for the following categories:

  • Delivery Mode
    • Cloud based
    • On-Premise
    • Web-based
  • Product Type
    • Integrated RIS
    • Standalone RIS
  • End-User
    • Hospitals
    • Imaging Center
    • Others

A radiology information system is a computer system that is aimed to support effective workflow and business analysis in a radiology department. This system helps in managing all the business functions of the department, from patient management, analysis, and inventory control. These systems provide ease of use and are easily accessible. Moreover, these systems offer benefits, such as high security, reliability, and privacy as they can be accessed by only authorized users. The radiology information system (RIS) is considered the core system for the electronic management of imaging departments. The global RIS market is segmented into delivery mode, product type and end-user. The delivery mode is further divided into cloud based RIS, on-premise RIS and web based RIS. The cloud based RIS held the largest share in the global RIS market according to delivery mode. On the basis of product type, integrated RIS product is the highest grossing sub-segment in the product segment. Whereas, hospitals end-user segment is the largest end-user segment. The introduction of PACS established a co-dependent relationship between the RIS and PACS. Optimal efficiency for the imaging department occurs when PACS and RIS integration enables seamless information sharing between RIS and PACS.

RIS and PACS Market
  

PACS Product Segmentation Investigation
 

The global PACS market is studied for the following categories:

  • Product Type
    • Departmental
    • Enterprise
  • Modalities
    • X-Ray
    • CT Scan
    • MRI
    • PET & SPECT
    • Ultrasound

Picture Archiving and Communication System (PACS) facilitates short- and long-term storage, retrieval, management, distribution and presentation of medical images. PACS allows healthcare systems to image management on departmental and enterprise levels. While investing in PACS solution, a hospital system has to consider the environment of deployment. Major components of PACS are imaging modality, secure online network for distribution and information exchange, workstation and a secure cloud or local server. Healthcare system for installing, upgrading or replacing PACS can be motivated for the same by workflow inadequacies or evolution and a desire for PACS that allows them to store and retrieve images within one repository. Rapid evolution and adoption of health information technology is supporting the demand for PACS. Growth of this market will be driven by government reforms and initiatives towards healthcare centralization. Penetration of PACS into specialties such as endoscopy and oncology will lead to additional PACS applications and thus market growth. Furthermore, features such as integrated speech recognition and advanced clinical decision support systems will also contribute to expansion of PACS market.

RIS and PACS Market
  
 

For the purpose of this study, the global RIS and PACS market is categorized as follows:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa

RIS and PACS Market

The geographical segmentation of the global RIS and PACS market comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. In base year 2015, North America accounted for the largest market in the global RIS and PACS market. Some key factors assisting the growth of North American RIS and PACS market are improved quality of patient care and clinical outcomes and the growing implementation of health information exchanges (HIEs) and EHR systems. In addition to the demand for RIS and PACS solutions from healthcare providers, the mounting need of healthcare insurance providers to capably manage a detailed record of claims and reimbursements also assists the growth of the North American RIS and PACS market throughout the forecast period. Asia-Pacific was observed as the most potential market for RIS and PACS throughout the forecast period owing to the nation and state-wide healthcare IT policies in Australia, China and Japan. The key factors assisting the growth of Asia-Pacific RIS and PACS market due to developing healthcare infrastructure, rising exports related to medical devices and equipments, and ample availability of skilled technicians. Moreover, factors such as improved healthcare information technology systems, growth in the incidence rate of chronic diseases, and rise in demand for better healthcare services are some of the key drivers responsible for the growth of the RIS and PACS market in the region.

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