Press release
PACS and RIS Market Value to Reach to US$ 3.9 Billion in 2024
Picture archiving and communication systems (PACSs) has been widely used medical imaging technology for enabling the storing, retrieving, presenting, and the sharing of images produced by a wide variety of hardware medical modalities. Frequently used with radiology information systems (RIS), they have gained traction across hospitals and healthcare systems. Equipped with the capability of managing vast amounts of healthcare data, PACS and RIS technologies, have gained popularity in healthcare IT systems. The market is anticipated to be on the trajectory of exciting growth, fueled by the growing digitalization of healthcare systems world over. The increasing integration of PACS and RIS with ambulatory surgical centers and the development of better, interoperable systems are prominent trends that augur favorably for the market in the coming years.
Request Sample for more Comprehensive Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1232
The advent of scalable cloud-based healthcare IT systems have further opened up promising avenues for market players. The global market for PACS and RIS is projected to rise at a CAGR of 7.0% from 2016 to 2024. The market is anticipated to reach US$3.9 bn by the end of 2024.
The report provides details insights into the key drivers and restraints, the factors driving the prominent segments, regulatory landscape in major regions, recent technological insights, and imminent investment pockets. The research presents an in-depth analysis of market attractiveness to assess competitive rivalry, and uses industry tools such as Porter’s five forces analysis to evaluate the bargaining power of suppliers and vendors.
Global PACS and RIS Market: Trends and Opportunities
The intensifying demand for a robust medical imagining technologies for the management of images gathered from various diagnostic imaging devices such as X-ray, CT scan, MRI, and ultrasound is a key factor propelling demand for PACS and RIS. The growing adoption of picture archiving and communication systems in a number of medical specialties, including cardiology and oncology, is a prominent trend boosting the market. The increasing prevalence of various cancer types is a key factor stimulating the demand for PACS in oncology to facilitate diagnostics and treatments. In addition, the rising popularity of multi-modality support for streamlining medical image practice workflows in several hospitals and healthcare systems is a crucial factor catalyzing the market growth.
Enquire for Discount @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1232
The rising initiatives by several governments in various developing and developed regions for the adoption of electronic health records (EHRs) is a key trend accentuating the demand for PACS and RIS. Constant advances made in hospital information systems and the intensifying demand for a consolidated platform in emerging economies are key factors expected to unlock exciting opportunities in the coming years. Furthermore, a number of healthcare providers are actively upgrading EHR to make the system more patient-centric. The development of a flexible cloud-based PACS is a key factor boosting the market. In addition, recent advances made in cloud cybersecurity has progressively improved the uptake of PACS and RIS technologies among caregivers.
Global PACS and RIS Market: Regional Outlook
Geographically, North America led the global market in 2015. This is primarily attributed to the presence of a robust healthcare systems to tackle a rising incidence and prevalence of chronic diseases. The vast rise in government spending in various developed nations in the adoption of an integrated PACS systems has catalyzed the growth. Furthermore, extensive applications of PACS technologies in oncology and cardiology have helped the regional market to emerge as dominant in recent years.
On the other hand, Asia Pacific presents lucrative growth avenues for numerous market players and is predicted to rise at the leading CAGR during the forecast period. The growth of the regional market is anticipated to be fueled by rapid advances in healthcare IT systems toward digitization and the proliferation of images from various medical specialties.
Request TOC of the Report for Complete Review @ https://www.transparencymarketresearch.com/report-toc/1232
Global PACS and RIS Market: Companies mentioned in the report
Some of the prominent players in the PACS and RIS market are Siemens Healthineers, McKesson Corporation, Allscripts Healthcare Solutions, Inc., Philips Healthcare, Agfa Healthcare, GE Healthcare, and Fujifilm Holdings Corporation. The market is to a large extent competitive and consolidated, with the probable exception being the landscape in developed countries, which is characterized by a high degree of fragmentation.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release PACS and RIS Market Value to Reach to US$ 3.9 Billion in 2024 here
News-ID: 1081357 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for PACS
Vendor Neutral Archive & PACS Market - Driving Connected Care: VNA & PACS Enhanc …
Newark, New Castle, USA - new report, titled Vendor Neutral Archive & PACS Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Vendor Neutral Archive & PACS market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Vendor Neutral Archive & PACS market.…
PACS Market : Cloud-based PACS Will Cross US$ 1090.9 Mn by 2026
The global PACS market is segmented on the basis of deployment, components, business mode, end-use, and region. By deployment, PACS market is segmented into web-based PACS, cloud-based PACS and on-premise. Moreover, by components market is categorized into imaging modalities, secured network, and workstation and archives. On the basis of business mode, PACS market is fragmented into enterprise and departmental. Further PACS market end-users are hospitals, clinic imaging, dental practices, imaging…
PACS and RIS Market: Asia Pacific PACS and RIS Market to Lead to Most Promising …
The picture archiving and communication system (PACS) and radiology information system (RIS) market is extremely consolidated, with the top five companies accounting for a share of over 61% in 2015. Transparency Market Research finds that GE Healthcare, Philips Healthcare, McKesson Corporation, Fujifilm Holdings Corporation, and Siemens Healthineers have significantly contributed to the global market over the years by providing an extra advantage to customers at a reasonable price.
“In contrast to…
PACS and RIS Market: Cloud-based PACS and RIS to Witness Most Promising Growth
The picture archiving and communication system (PACS) and radiology information system (RIS) market is extremely consolidated, with the top five companies accounting for a share of over 61% in 2015. Transparency Market Research finds that GE Healthcare, Philips Healthcare, McKesson Corporation, Fujifilm Holdings Corporation, and Siemens Healthineers have significantly contributed to the global market over the years by providing an extra advantage to customers at a reasonable price.
“In contrast to…
PACS and RIS Market Opportunity Analysis; Adoption of Cloud based PACS by Health …
Driven by the technological advancements in the medical and healthcare industry encouraged by governments across the world, the global market for picture archiving and communication systems (PACS) and radiology information systems (RIS) are likely to witness substantial growth over the forthcoming years.
According to Transparency Market Research (TMR), the total opportunity offered by the worldwide PACS and RIS market was US$2.2 bn in 2015. Expanding at a healthy CAGR of 7.0%…
PACS and RIS Market Opportunity Analysis 2024; Adoption of Cloud based PACS by H …
The opportunity in the global PACS and RIS market stood at US$2.2 bn in 2015 and, rising at a 7.0% CAGR during the forecast period, is estimated to be worth US$3.9 bn by 2024.
The picture archiving and communication system (PACS) and radiology information system (RIS) market is extremely consolidated, with the top five companies accounting for a share of over 61% in 2015. Transparency Market Research finds that GE Healthcare,…
