Press release
At 7.4% of CAGR PACS and RIS Market is reaching $5,008.93 Millon by 2027 - Fujifilm Holdings, Koninklijke Philips, Siemens AG, Cerner Corporation, IBM, Novarad, Agfa-Gevaert Group
The Insight Partners
According to a new market research study titled ‘PACS and RIS Market to 2027 – Global Analysis and Forecasts by Product, Component, Deployment, and End User.’ The Global PACS and RIS Market is expected to reach US$ 5,008.93 Mn in 2027 from US$ 2,728.43 Mn in 2018. The market is estimated to grow with a CAGR of 7.4% from 2019-2027. The report highlights the trends prevalent in the global PACS and RIS market and the factors driving the market along with those that act as deterrents to its growth.
The market for PACS and RIS is expected to grow, owing to factors such as developments in diagnostic imaging modalities coupled with the rising number of diagnostic tests procedures, affordable price of new generation PACS software and new product launches & FDA approvals. In addition, increasing demand for orthopaedic PACS likely to have a positive impact on the growth of the market in the coming years.
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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.
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
• 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
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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
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