The global Pacs And Ris Market is estimated to be valued at US$ 3,657 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:-
Pacs and Ris are integrated medical imaging and radiology information systems that manage image archival, distribution, reporting and accountability across radiology departments. They provide faster access to medical images, streamline workflow, enhance productivity and improve diagnostic accuracy for radiologists.
Market key trends:–
One of the key trends in the Pacs And Ris Market is the increasing adoption of cloud-based solutions. Cloud-based PACS and RIS technologies are gaining popularity as they enable anytime-anywhere access to patient data from multiple locations. They eliminate the need for upfront capital expenditure on hardware and storage and shift IT costs from capital to operational expenditure. Cloud deployment also offers benefits such as improved scalability, flexibility, regular updates and lower maintenance costs. Furthermore, it allows integration of imaging data from multiple healthcare facilities on a single platform for enhanced collaboration between radiologists.
Segment Analysis:-
The global Pacs and Ris market is segmented by product & service, component, deployment mode, end-user and geography. Based on product & service, the market is segmented into radiology PACS, cardiology PACS, pathology PACS, oncology PACS, orthopedic PACS and other PACS. The radiology PACS segment is dominating the market currently due to the rising adoption of digitized radiological images and their integration with hospital information systems.
Key Takeaways:-
The Global Pacs And Ris Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing demand for effective management of medical images and streamlining workflow in healthcare organizations.
Regional analysis: North America dominates the global Pacs and Ris market currently due to presence of well-established healthcare infrastructure and early adoption of technological advancements in the region. Asia Pacific is expected to witness fastest growth during the forecast period owing to increasing healthcare expenditure, government initiatives for modernization of healthcare systems and rising medical tourism in countries such as China and India.
Key players: Key players operating in the Pacs and Ris market are Philips Healthcare, Cerner Corporation, Agfa Healthcare, Fujifilm Holdings Corporation, Allscripts Healthcare Solutions Inc., Sectra, Epic Systems Corporation, General Electric Company, Siemens AG, McKesson Corporation, Wellbeing Software, Merge Healthcare Incorporated, Medinformatix Inc., eRAD, Inc., and RamSoft Inc. Philips Healthcare and Cerner Corporation currently dominate the global market share due to their robust product portfolio and widespread customer base.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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