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PACS and RIS Market Exhibits is expected to register Significant CAGR of 7.4% | Know about Basic Influencing Factors by Targeting on Top Companies - Fujifilm Holdings Corporation, Koninklijke Philips N.V., Siemens AG, Cerner Corporation, IBM, Novarad, Agf

08-13-2019 04:09 PM CET | IT, New Media & Software

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

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.

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

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.

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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.

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.

Company Profiles

- McKesson Corporation
- General Electric
- Fujifilm Holdings Corporation
- Koninklijke Philips N.V.
- Siemens AG
- Cerner Corporation
- Novarad
- Agfa-Gevaert Group
- INFINITT Healthcare Co., Ltd.

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Global PACS and RIS Market – 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)

Global PACS and RIS Market – By Component
• Hardware
• Software
• Services

Global PACS and RIS Market – By Deployment
• Web-Based
• On-Premise
• Cloud-Based

Global PACS and RIS Market – By End User
• Hospitals
• Diagnostic Centers
• Other End Users

Global PACS and RIS Market – By Geography
• North America
o US
o Canada
o Mexico
• Europe
o France
o Germany
o U.K
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 U.A.E
o South Africa
• South & Central America (SCAM)
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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