PACS and RIS Market Size, Share, Growth Report 2032

PACS and RIS Market

PACS and RIS Market- By Deployment Mode (On-Premise, Cloud-Based, and Web-Based), By Component (Software And Hardware), By Product (PACS And RIS), And By End-User (Research & Academic Institutes, Hospitals, and Diagnostic Centers): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028

Category: Healthcare Report Format : PDF Pages: 154 Report Code: ZMR-3483 Published Date: Dec-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 2.9 Billion USD 5.7 Billion 8.5% 2020

Global PACS and RIS Market Size

The global PACS and RIS Market size accrued earnings worth approximately 2.9 (USD Billion) in 2020 and is predicted to gain revenue of about 5.7 (USD Billion) by 2028, is set to record a CAGR of nearly 8.5% over the period from 2021 to 2028. The report offers assessment and analysis of the PACS and RIS Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

PACS and RIS Market: Overview

Picture archiving and communication system is a medical imaging tool that offers cost-effective storage facility and easy access to pictures from various modalities. Furthermore, electronic pictures are transferred digitally through PACS and hence this eliminates requirement of manual file storage in form of physical folders & X-ray films. Apparently, the global format for storing & transferring PACS pictures is DICOM. However, radiological information system referred as RIS holds a key to electronic managing of various imaging departments.

It performs a spectrum of operations such as patient scheduling, examination performance tracking, procedure billing, resource management, results distribution, and reporting. Additionally, RIS supports appointment booking, digital reporting, patient registration & scheduling, patient tracking, consent management, modality & material management, PACS workflow, voice recognition, result entry,  billing, patient list management, custom report creation, cross site workflow, and request & document scanning.

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PACS and RIS Market: Growth Drivers

PACS has ability to replace hard copies of medical imaging including film archives and provides strong electronic platform for radiology images. Moreover, it is used by radiology persons to proficiently handle workflow of patient examination. Furthermore, PACS provides remote access to medical practitioners. Reportedly, PACS is provided by various medical imaging device producers, healthcare IT firms, and other reputed software firms. Apparently, RIS supplements PACS and HIS and has proved key to effective radiological business workflow. This is projected to drive market trends.

 Furthermore, breakthroughs in diagnostic imaging modalities along with rise in number of diagnostic tests will spur growth of PACS and RICS market. Necessity of integrating patient pictures with electronic healthcare records is set to create new growth avenues for PACS and RIS industry in foreseeable future.

Moreover, acceptance of EMR tools in clinics and office-based environments owing to their ability to store & save pictures in electronic format will drive business landscape. Massive use of PACS and RIS in processing healthcare insurance claims along with necessity of improving functionalities of healthcare IT tools & effectively managing huge number of patient records will prompt market penetration across various countries.   

Report Scope:

 

PACS and RIS Market: Regional Landscape

North American Market To Expand Exponentially Over 2021-2028

Acceptance of healthcare IT products in clinics & hospitals in countries such as the U.S. will prop up market surge. Furthermore, rise in use of healthcare IT systems in hospitals will proliferate regional market size. Escalating need for effective data management tools in healthcare units across countries such as Canada and the U.S. will protrude market growth. Presence of key players will contribute substantially towards market proceeds in sub-continent.

PACS and RIS Market: Competitive Landscape

Key players leveraging industry space and included in report are GE Healthcare, Siemens Healthineers AG, Fujifilm Holdings Corporation, Agfa Healthcare, Allscripts Healthcare Solutions, Inc., Philips Healthcare, and McKesson Corporation.

The global PACS and RIS Market is segmented as follows:

By Deployment Mode

  • On-Premise

  • Cloud-Based
  • Web-Based

By Component

  • Software
  • Hardware

By Product 

  • PACS
  • RIS

By End-User 

  • Research & Academic Institutes
  • Hospitals
  • Diagnostic Centers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

PACS has ability to replace hard copies of medical imaging including film archives and provides strong electronic platform for radiology images. Moreover, it is used by radiology persons to proficiently handle workflow of patient examination. Furthermore, PACS provides remote access to medical practitioners. Reportedly, PACS is provided by various medical imaging device producers, healthcare IT firms, and other reputed software firms. Apparently, RIS supplements PACS and HIS and has proved key to effective radiological business workflow. This is projected to drive market trends.  Furthermore, breakthroughs in diagnostic imaging modalities along with rise in number of diagnostic tests will spur growth of PACS and RICS market. Necessity of integrating patient pictures with electronic healthcare records is set to create new growth avenues for PACS and RIS industry in foreseeable future.

Moreover, acceptance of EMR tools in clinics and office-based environments owing to their ability to store & save pictures in electronic format will drive business landscape.  

According to Zion market research report, the global PACS and RIS Market accrued earnings worth approximately 2.9 (USD Billion) in 2020 and is predicted to gain revenue of about 5.7 (USD Billion) by 2028, is set to record a CAGR of nearly 8.5% over the period from 2021 to 2028.

North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to acceptance of healthcare IT products in clinics & hospitals in countries such as the U.S. Furthermore, rise in use of healthcare IT systems in hospitals will proliferate regional market size. Escalating need for effective data management tools in healthcare units across countries such as Canada and the U.S. will protrude market growth. Presence of key players will contribute substantially towards market proceeds in sub-continent.

The key market participants include GE Healthcare, Siemens Healthineers AG, Fujifilm Holdings Corporation, Agfa Healthcare, Allscripts Healthcare Solutions, Inc., Philips Healthcare, and McKesson Corporation.

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