Global PACS and RIS Market to 2027
www.theinsightpartners.com
PACS AND RIS MARKET To 2027 Global Analysis and Forecasts By Product (PACS and RIS), Component (Hardware, Software and Services), Deployment (Web-Based, On-Premise and Cloud-Based), End User (Hospitals, Diagnostic Centers, Research & Academic Institutes, and Other End Users), and Geography
1
Global PACS and RIS Market to 2027
www.theinsightpartners.com
The global PACS and RIS market expected to be US$ 2,728.43 Mn in 2018 and is predicted to grow at a CAGR of 7.4% during the forecast period 2019 – 2027, to reach US$ 5,008.93 Mn by 2027. Europe is the second largest geographic market and is expected to be the second most significant revenue contributor throughout the forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporation of digital technology in order to increase the efficiency of healthcare facilities in the region. The growth is driven by factors such as government collaborations with technology providers, prevalence of cancer in the countries. Market Insights Developments in Diagnostic Imaging Modalities Coupled with Rising Number of Diagnostic Tests Procedures Medical imaging is a vital part in medical care and treatment across the globe. Rising awareness regarding early diagnosis of diseases has led to an increase in the total number of diagnostic tests procedures performed around the world. During the year 2012, Canadians underwent 1.7 million magnetic resonance imaging (MRI) exams and 4.4 million computed tomographies (CT) exams. The statistics reveal, nearly double the number of such reviews performed during 2003. The national rate for CT scans were 126 per 1,000 individuals around 2014 and 2015. Rates ranged from 209 (New Brunswick) and 170 (Newfoundland and Labrador) to 88 (Alberta) and 93 (Prince Edward Island). In addition, according to the National Health Services (NHS) UK, there were 4.1 million imaging tests conducted in England in the 12 months from February 2016 to January 2017. Of these, 3.49 million imaging tests were reported to have taken place in January 2017. Get Sample Copy at https://www.theinsightpartners.com/sample/TIPRE00003005 As per the World Health Organization (WHO), with improved health care policy and the better availability of medical equipment, there has been rise in the number of global imaging-based procedures. Thus, the growing number of diagnostic imaging procedures performed across the globe resulting in increasing requirement of consumables for tests are likely expected to drive the growth of the global PACS and RIS market over the coming years. New Product Launches & FDA Approvals Frequent FDA approvals and product launches drive the market for PACS and RIS. Most of the major market players operating in the market are adopting measures such as product launches as well as approvals to provide a better solution as well as software in the PACS and RIS market. For instance, during February 2019, Philips introduced IntelliSpace Cardiovascular 4.1, a cardiovascular image and information management system. The platform offers efficient pediatric reporting capabilities. With the rising prevalence of cardiovascular disorders, the launch of software can enable better treatment as well as diagnosis of these disorders.
2
Global PACS and RIS Market to 2027
www.theinsightpartners.com
Also, in June 2017, FDA approved IntelliSpace Portal 9.0 provided by Philips to be commercialized in the U.S. The system offers more than 70 applications in the field of radiology, such as oncology cardiology, and neurology. The platform provides clinicians a better overview of every patient, helping in quick diagnosis with the help of multimodality clinical applications developed for evaluation of patient data. The excellent benefits provided by these newly approved as well as launched products are expected to drive the demand for the market during the forecast period. Product Insights The global PACS and RIS market by product was led by PACS segment. In 2018, the segment of held the largest market share in the PACS and RIS market, by product. The segment is also expected to witness growth at a significant rate during the forecast period, as the solution offers benefits such as improved viewing and analysis, easy access to images and other reports, efficient data management Check Discount on this Study at https://www.theinsightpartners.com/discount/TIPRE00003005 PACS AND RIS – MARKET SEGMENTATION By Product Picture Archiving And Communication System (PACS) o Dental PACS o Cardiology PACS o Oncology PACS o Orthopedic PACS o Others Radiology Information System (RIS) By Component Hardware Software Services By Deployment Web-Based On-Premise Cloud-Based By End User Hospitals
Diagnostic Centers
3
Global PACS and RIS Market to 2027
www.theinsightpartners.com
Other End Users
By Geography North America o U.S. o Canada o Mexico Europe o France o Germany o UK o Spain o Italy Asia Pacific (APAC) o China o India o Japan o Australia o South Korea Middle East & Africa (MEA) o Saudi Arabia o South Africa o UAE South and Central America o Brazil o Argentina Company Profiles McKesson Corporation General Electric Fujifilm Holdings Corporation Koninklijke Philips N.V. Siemens AG Cerner Corporation IBM Novarad Agfa-Gevaert Group INFINITT Healthcare Co., Ltd. Buy this Report at https://www.theinsightpartners.com/buy/TIPRE00003005
ABOUT US
4
Global PACS and RIS Market to 2027
www.theinsightpartners.com
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Technology, Media, and Telecommunication. Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis. Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, technology, products, and services etc., which helps our clients to gain a deeper analytical understanding of various research topics.
CONTACT US If you have any queries about this report or would like further information, please contact us: North America:
+1 646 491 9876
Email:
sales@theinsightpartners.com
DISCLAIMER All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher, “The Insight Partners”. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions, and recommendations that “The Insight Partners” delivers will be based on information gathered in good faith from primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such, “The Insight Partners” can accept no liability whatsoever for actions taken based on any information that may subsequently prove to be incorrect.
5