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PACS (Picture Archiving And Communication Systems) And RIS (Radiology Information Systems) Market By Product (PACS Market - Modalities, Procurement Mode; RIS Market - Delivery Mode, Procurement Mode, End-Users) - Growth, Future Prospects And Competitive Analysis, 2018 – 2026

Medical imaging is a vital healthcare service and an important component of any healthcare institution. Healthcare practitioners continue to streamline the medical imaging process with the help of healthcare information technology. Picture Archiving and Communications System (PACS) allows any healthcare organization to capture, view, store, and share any type of image internally and externally. While the Radiology Information System (RIS) is an organized database system especially for radiology health professionals to manage patient data and image files generated during the course of diagnosis and treatment, RIS and PACS have gained acceptance as healthcare IT solutions due to their ability to manage healthcare data with accuracy.

The market is projected to grow further during the forecast period owing to rapid digitization in the healthcare sector globally. Market competitors in this industry are focusing on the development of strategies such as collaborations, licensing agreements, and partnerships to develop highly efficient PACS and RIS platforms for ensuring better functioning of the healthcare industry, which will further boost market growth.

This report, titled "PACS and RIS Market: Growth, Future Prospects, and Competitive Analysis, 2018–2026," provides competitive market knowledge of the global PACS and RIS industry. This report version comprises the present market size and forecast of the global PACS and RIS market for the period from 2016 to 2018, with a forecast duration of 2018 to 2026. The market is segmented in terms of types of PACS and RIS solutions, different geographies, and country analyses.

The global PACS market is segmented on procurement mode, modality, and geography. In terms of procurement mode, the market is categorized into departmental PACS and enterprise PACS. In terms of modality, the PACS market is segmented into X-ray, computed tomography, magnetic resonance imaging, PET and SPECT, ultrasound, mammography, and others. The RIS market is categorized into delivery mode, product type, and end-users. The RIS market by delivery mode is further sub-segmented into cloud-based RIS, on-premise RIS, and web-based RIS. The product types consist of integrated RIS and standalone RIS. The end-users in the RIS market include hospitals, imaging centers, and others.

On the basis of geographical segmentation of the PACS and RIS industries, the market was studied across North America (Canada and the U.S.), Europe (Germany, the U.K., and the Rest of Europe), Asia Pacific (Japan, China, and the Rest of Asia Pacific), Latin America (Mexico, Brazil, and the Rest of Latin America), and the Middle East and Africa (the GCC and the Rest of the Middle East and Africa). Market estimation for each region and country is analyzed for the focus period from 2016 to 2026, with forecasts from 2018 to 2026 considering 2017 as the base year.

To analyze the market competition, the report provides the market positioning and company profiles of key players operating in the global PACS and RIS markets. The factors considered for plotting the leading companies were based on business overview, financial analysis, product portfolio, and key developments of the company pertaining to the PACS and RIS industries.

A qualitative assessment of the market was done by monitoring the current and historic market dynamics, such as market drivers, opportunities, and restraints, to determine the future trend in the global PACS and RIS market. The report also showcases key mergers, collaborations, major acquisitions, and strategies undertaken by the companies that would help decision-makers in the PACS and RIS markets. The report also comprises an attractive investment proposition in terms of geography by providing a holistic view of the PACS and RIS markets.

The major players operating in the global PACS and RIS market include GE Healthcare, Agfa Healthcare, Fujifilm Teramedica, Inc., Merge Healthcare, McKesson Corporation, Cerner Corporation, Siemens Healthcare, Philips Healthcare, and others.

 Picture Archiving and Communication Systems (PACS) Segmentation Analysis

The Picture Archiving and Communication System (PACS) market is segmented into the:

  • Modalities
  • X-Ray
  • CT
  • MRI
  • PET and SPECT
  • Ultrasound
  • Procurement Mode
  • Departmental
  • Enterprise

Picture archiving and communication system (PACS) is a healthcare information technology for the storage, management, retrieval, distribution, and presentation of medical images. PACS allows a healthcare organization to capture, view, store, and share all types of electronic images internally and externally, therefore eliminating the need for manual filing, retrieval, and sharing. The increasing adoption of healthcare information technology is stimulating the market for PACS. Moreover, growth will be driven by government schemes and initiatives to boost the digitization of healthcare systems as well as considerable technological advancements in imaging information technology.

The penetration of PACS into other oncology, endoscopy, and other medical specialties will result in a further proliferation in demand for PACS. This dynamic will also be complemented by an improved focus on PACS by regulatory agencies, vendors, and health systems. In addition, the integration of speech recognition capabilities and clinical decision-support systems will also significantly contribute to expanding the PACS customer pool. Integration of PACS with available and emerging web technology has paved the way for timely delivery and access to electronic images, coupled with heightened efficiency in data interpretation.

 Radiology Information Systems (RIS) Segmentation Analysis

The Radiology Information Systems (RIS) market is segmented on the basis of the following parameters:

  • Delivery Mode
  • Cloud-based
  • On-premise
  • Web-based
  • Procurement Mode
  • Integrated
  • Standalone
  • End-users
  • Hospitals
  • Imaging Centers
  • Others

A radiology information system is a kind of electronic health record (EHR) system specifically designed for use in radiology. RIS aims to support efficiency in the workflow and operations of a radiology department. Within a radiology department, major functions of the RIS include resource management, patient scheduling, examination interpretation, examination performance tracking, results in distribution, and procedural billing. Optimal implementation of RIS results in the integration of multiple functions into one comprehensive system, thereby eliminating redundant actions and boosting the accuracy and efficacy of data storage and sharing.

RIS offers benefits such as high reliability, privacy, and security as it can be accessed only by authorized operators. The rising number of chronic disorder and trauma cases has resulted in increased patient footfall and therefore increased the need for healthcare information management systems globally. Additionally, the rising emphasis on curtailing administrative costs across the private and public healthcare sectors would further drive the acceptance of RIS in the future.

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

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • GCC
  • Rest of the Middle East and Africa 

In 2017, North America held the largest share of the global PACS and RIS market. Market experts suggest that, through supportive legislation such as the Affordable Care Act (ACA) and the Healthcare Insurance Portability and Accountability Act (HITECH) Act, the U.S. market is witnessing increased adoption of EHRs, PACS, and hospital process consolidation tools. The growing need for integrated storage of standard imaging data and government initiatives and support for the use of advanced imaging information systems are the other factors responsible for the growth of the PACS and RIS markets in North America.

Asia Pacific has emerged as a flourishing market for RIS and PACS as medical imaging plays a substantial role in therapy and diagnostics. Rising medical tourism, increasing government initiatives for eHealth, and growing demand for high-quality patient care in this region would boost the market in Asia-Pacific.

Frequently Asked Questions:

The market for PACS (Picture Archiving And Communication Systems) And RIS (Radiology Information Systems) Market is expected to reach US$ 7.5 Bn in 2026

The PACS (Picture Archiving And Communication Systems) And RIS (Radiology Information Systems) Market is expected to see significant CAGR growth over the coming years, at 5.6% .

report is forecasted from 2018-2026.

The base year of this report is 2017.

Allscripts Healthcare Solutions Inc,Agfa HealthCare (Agfa-Gevaert Group),Carestream Health, Inc.,Cerner Corporation,Fujifilm Teramedica, Inc., are some of the major players in the global market.

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Published Date:  Jan 2018
Category:  Healthcare
Report ID:   58084
Report Format:   PDF
Pages:   120
Rating:    4.4 (60)
Delivery Time: 24 Hours to 48 Hours   
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