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PACS and RIS Market - Global Industry Analysis

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

Published Date: 24-Dec-2021 Category: Healthcare Report Format : PDF Pages: 154 Report Code: ZMR-3483 Status : Published

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.

Description

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. 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, 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.

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:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.

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

  • Chapter 1.    Preface
    • 1.1.    Report Description and Scope
    • 1.2.    Research Scope
    • 1.3.    Research Methodology
      • 1.3.1.    Market Research Type
      • 1.3.2.    Market Research Methodology
  • Chapter 2.    Executive Summary
    • 2.1.    PACS and RIS Market, 2018–2028(USD Billion)
    • 2.2.    PACS and RIS Market: Snapshot 
  • Chapter 3.    Global PACS and RIS Market– Industry Analysis
    • 3.1.    PACS and RIS Market: Market  Dynamics
    • 3.2.    Market Drivers
      • 3.2.1.    High utilization of PACS and RIS in processing healthcare insurance claims coupled with necessity of enhancing operations of healthcare IT tools & effectively managing huge number of patient records will enhance market penetration across various countries.    
      • 3.2.2.    Acceptance of EMR tools in hospitals and office-based environments due to their ability to store & save images in electronic format will drive business space.   
    • 3.3.    Porter’s Five Forces Analysis
    • 3.4.    Market Attractiveness Analysis
      • 3.4.1.    Market attractiveness analysis By End-User
      • 3.4.2.    Market attractiveness analysis By Component 
      • 3.4.3.    Market attractiveness analysis By Deployment Mode 
      • 3.4.4.    Market attractiveness analysis By Product 
  • Chapter 4.    Global PACS and RIS Market– Competitive Landscape
    • 4.1.    Company market share analysis
      • 4.1.1.    Global PACS and RIS Market: company market share, 2019
    • 4.2.    Strategic development
      • 4.2.1.    Acquisitions & mergers
      • 4.2.2.    New Product launches
      • 4.2.3.    Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4.    Research and development and Regional expansion
    • 4.3.    Price trend analysis
  • Chapter 5.    Global PACS and RIS Market– Deployment Mode   Analysis
    • 5.1.    Global PACS and RIS Market overview: By Deployment Mode
      • 5.1.1.    Global PACS and RIS Market share, By Deployment Mode, 2020 and 2028
    • 5.2.    On-Premise
      • 5.2.1.    Global PACS and RIS Market by On-Premise, 2018–2028(USD Billion)
    • 5.3.    Cloud-Based 
      • 5.3.1.    Global PACS and RIS Market by Cloud-Based, 2018–2028(USD Billion)
    • 5.4.    Web-Based 
      • 5.4.1.    Global PACS and RIS Market by Web-Based, 2018–2028(USD Billion)
  • Chapter 6.    Global PACS and RIS Market overview: By Component 
    • 6.1.    Global PACS and RIS Market share, By Component , 2020 and 2028
    • 6.2.    Software
      • 6.2.1.    Global PACS and RIS Market by Software, 2018–2028(USD Billion)
    • 6.3.    Hardware
      • 6.3.1.    Global PACS and RIS Market by Hardware, 2018–2028(USD Billion)
  • Chapter 7.    Global PACS and RIS Market overview: By Product 
    • 7.1.    Global PACS and RIS Market share, By Product , 2020 and 2028
    • 7.2.    PACS
      • 7.2.1.    Global PACS and RIS Market by PACS, 2018–2028(USD Billion)
    • 7.3.    RIS
      • 7.3.1.    Global PACS and RIS Market by RIS, 2018–2028(USD Billion)
  • Chapter 8.    Global PACS and RIS Market overview: By End-User   
    • 8.1.   Global PACS and RIS Market share, By End-User  , 2020 and 2028
    • 8.2.    Research & Academic Institutes
      • 8.2.1.    Global PACS and RIS Market by Research & Academic Institutes, 2018–2028(USD Billion)
    • 8.3.    Hospitals
      • 8.3.1.    Global PACS and RIS Market by Hospitals, 2018–2028(USD Billion)
    • 8.4.    Diagnostic Centers
      • 8.4.1.    Global PACS and RIS Market by Diagnostic Centers, 2018–2028(USD Billion)
  • Chapter 9.    Company Profiles
    • 9.1.    GE Healthcare
      • 9.1.1.    Overview
      • 9.1.2.    Financials
      • 9.1.3.    Product Portfolio
      • 9.1.4.    Business Strategy
      • 9.1.5.    Recent Developments
    • 9.2.    Siemens Healthineers AG
      • 9.2.1.    Overview
      • 9.2.2.    Financials
      • 9.2.3.    Product Portfolio
      • 9.2.4.    Business Strategy
      • 9.2.5.    Recent Developments
    • 9.3.    Fujifilm Holdings Corporation
      • 9.3.1.    Overview
      • 9.3.2.    Financials
      • 9.3.3.    Product Portfolio
      • 9.3.4.    Business Strategy
      • 9.3.5.    Recent Development
    • 9.4.    Agfa Healthcare
      • 9.4.1.    Overview
      • 9.4.2.    Financials
      • 9.4.3.    Product  Portfolio
      • 9.4.4.    Business Strategy
      • 9.4.5.    Recent Development
    • 9.5.    Allscripts Healthcare Solutions, Inc.
      • 9.5.1.     Overview
      • 9.5.2.    Financials
      • 9.5.3.    Product Portfolio
      • 9.5.4.    Business Strategy
      • 9.5.5.    Recent Development
    • 9.6.    Philips Healthcare
      • 9.6.1.    Overview
      • 9.6.2.    Financials
      • 9.6.3.    Product Portfolio
      • 9.6.4.    Business Strategy
      • 9.6.5.    Recent Development
    • 9.7.    McKesson Corporation
      • 9.7.1.    Overview
      • 9.7.2.    Financials
      • 9.7.3.    Product Portfolio
      • 9.7.4.    Business Strategy
      • 9.7.5.    Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global PACS and RIS Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global PACS and RIS Market attractiveness, By End-User
6. Global PACS and RIS Market attractiveness, By Component
7. Global PACS and RIS Market attractiveness, By Deployment Mode
8. Global PACS and RIS Market attractiveness, By Product
9. Global PACS and RIS Market share by Deployment Mode ,2020 and 2028 (USD Billion)
10. Global PACS and RIS Market by On-Premise, 2018–2028(USD Billion)
11. Global PACS and RIS Market by Cloud-Based, 2018–2028(USD Billion)
12. Global PACS and RIS Market by Web-Based, 2018–2028(USD Billion)
13. Global PACS and RIS Market share by Component ,2020 and 2028 (USD Billion)
14. Global PACS and RIS Market by Software, 2018–2028(USD Billion)
15. Global PACS and RIS Market by Hardware, 2018–2028(USD Billion)
16. Global PACS and RIS Market share by End-User ,2020 and 2028 (USD Billion)
17. Global PACS and RIS Market by Research & Academic Institutes, 2018–2028(USD Billion)
18. Global PACS and RIS Market by Hospitals, 2018–2028(USD Billion)
19. Global PACS and RIS Market by Diagnostic Centers, 2018–2028(USD Billion)
20. Global PACS and RIS Market share by Product ,2020 and 2028 (USD Billion)
21. Global PACS and RIS Market by PACS, 2018–2028(USD Billion)
22. Global PACS and RIS Market by RIS,  2018–2028(USD Billion)
23. Global PACS and RIS Market share, by Region, 2020 and 2028
24. North America PACS and RIS Market, 2018–2028(USD Billion)
25. Europe PACS and RIS Market, 2018–2028(USD Billion)
26. Asia Pacific PACS and RIS Market, 2018–2028(USD Billion)
27. Latin America PACS and RIS Market, 2018–2028(USD Billion)
28. The Middle East and Africa PACS and RIS Market, 2018–2028(USD Billion)


List of Tables

1. Global PACS and RIS Market: snapshot
2. Drivers of the PACS and RIS Market: impact analysis
3. North America PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
4. North America PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
5. North America PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
6. North America PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
7. The U.S. PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
8. The U.S. PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
9. The U.S. PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
10. The U.S. PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
11. Rest of North America PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
12. Rest of North America PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
13. Rest of North America PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
14. Rest of North America PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
15. Europe PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
16. Europe PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
17. Europe PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
18. Europe PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
19. UK PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
20. UK PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
21. UK PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
22. UK PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
23. France PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
24. France PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
25. France PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
26. France PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
27. Germany PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
28. Germany PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
29. Germany PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
30. Germany PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
31. Rest of Europe PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
32. Rest of Europe PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
33. Rest of Europe PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
34. Rest of Europe PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
35. Asia Pacific PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
36. Asia Pacific PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
37. Asia Pacific PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
38. Asia Pacific PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
39. China PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
40. China PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
41. China PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
42. China PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
43. Japan PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
44. Japan PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
45. Japan PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
46. Japan PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
47. India PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
48. India PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
49. India PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
50. India PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
51. Rest of Asia Pacific PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
52. Rest of Asia Pacific PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
53. Rest of Asia Pacific PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
54. Rest of Asia Pacific PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
55. Latin America PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
56. Latin America PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
57. Latin America PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
58. Latin America PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
59. Brazil PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
60. Brazil PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
61. Brazil PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
62. Brazil PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
63. Rest of Latin America PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
64. Rest of Latin  America PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
65. Rest of Latin America PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
66. Rest of Latin America PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
67. The Middle East and Africa PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
68. The Middle East and Africa PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
69. The Middle East and Africa PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
70. The Middle East and Africa PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
71. Saudi Arabia PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
72. Saudi Arabia PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
73. Saudi Arabia PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
74. Saudi Arabia PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
75. South Africa PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
76. South Africa PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
77. South Africa PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
78. South Africa PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)
79. Rest of the Middle East & Africa PACS and RIS Market revenue, By End-User  ,2018–2028(USD Billion)
80. Rest of the Middle East & Africa PACS and RIS Market revenue, By Component ,2018–2028(USD Billion)
81. Rest of the Middle East & Africa PACS and RIS Market revenue, By Deployment Mode ,2018–2028(USD Billion)
82. Rest of the Middle East & Africa PACS and RIS Market revenue, By Product ,2018–2028(USD Billion)

Methodology

Free Analysis

Digital imaging is now an essential part of the developed world. The extensive acceptance has made it possible to get instant access to images, remote viewing, and remote consultation. The introduction of digital imaging and the addition of related information technologies within the day-to-day practice of radiology have changed the medical environment significantly. A radiology information system (RIS) is a software system network used to manage medical images and the data associated with it. RIS is particularly beneficial for tracking billing information and radiology imaging orders. It is often used in amalgamation with PACS for record-keeping, billing, and managing image archives. Picture archiving and communication system (PACS) is used for hoarding, recovering, presenting, and allocating images produced by multiple medical hardware modalities, like CT scan, X-ray, ultrasound machines, and MRI.

PACS stands for picture archiving and communication system. It allows images, such as scan and x-rays, to be captured, accumulated, circulated, and observed at the touch of a button, enabling the healthcare professionals to have a fast and proficient access to patient information. Hospitals and other healthcare facilities are under constant digitization process. DICOM (Digital Imaging and Communications in Medicine) is the universal format used for storage and transfer of PACS images. Scanned documents and other non-image data can be incorporated in various formats, like PDF, after they have been summarized in DICOM. PACS comprises of four main components: imaging modalities like computed tomography (CT), magnetic resonance imaging (MRI), and X-ray plain film (PF), a safe network to transfer patient information, archives for storing and retrieving images and reports, and workstations to interpret and review images.

Global PACS and RIS Market

Increasing adoption of health information technology (HIT), growing used of diagnostic imaging, development strategies incorporated by leading players to develop highly advanced PACS and RIS platforms, and rising use of RIS and PACS for a thorough assessment of patient health are the prime factors responsible for the growth of PACS and RIS market. Untapped market and increasing government funding for research and development are also expected to generate new opportunities in the forecast timeframe. However, the high software cost is one of the roadblocks for the developing PACS and RIS market. 

Based on product type, the PACS and RIS market is segmented into PACS and RIS. The PACS segment is further segmented into cardiology PACS, orthopedic PACS, dental PACS, and oncology PACS. The PACS segment holds the majority share of the PACS and RIS market. By component, the PACS and RIS market is classified into services, software, and hardware. Based on deployment mode, the PACS and RIS market is classified into on-premise, cloud-based, and web-based. The cloud-based segment is projected to grow at a steady growth rate during the forecast timeframe. By end-user, the PACS and RIS market has been segmented into research and academic institutes, hospitals, diagnostic centers, and others. The hospital segment will dominate the market and is expected to grow at the fastest rate in the forecast timeframe.  

Based on geography, the PACS and RIS market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America will dominate the market in the forecast period, due to increasing government funding for PACS and RIS. The Asia Pacific region is expected to grow at the highest growth rate mainly due to increasing demand for powerful IT systems in diagnostics. 

Key players operating in the PACS and RIS market are GE Healthcare, Fujifilm Holdings Corporation, Agfa Healthcare, Allscripts Healthcare Solutions, Inc., Philips Healthcare, Siemens Healthineers, and McKesson Corporation, among others.

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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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