Press release
Global PACS & RIS Market to Grow from USD 4.21 Billion in 2024 to USD 7.35 Billion by 2032 at 7.23% CAGR - PACS & RIS Market Forecast
PACS and RIS Market
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Key Highlights
Market Size & CAGR: USD 4.21 billion in 2024; projected to hit ~USD 7.35 billion by 2032; CAGR ~7.23%.
Product Segmentation: Among products, PACS systems dominate, especially subsystems like cardiology PACS, orthopaedic PACS and oncology PACS.
Component Segmentation: Software component leads, followed by hardware and services. Web-based and cloud-based deployment models are gaining traction.
End-User Segmentation: Hospitals are the largest end-users of PACS & RIS systems due to high imaging volumes and multi-modality needs.
Regional Insights: North America holds the largest share in 2024; Asia-Pacific is emerging rapidly driven by healthcare infrastructure investment and increasing imaging.
Key Drivers:
Growing chronic disease incidence and imaging needs.
Shift from film-based imaging to digital archiving and networked imaging workflows.
Adoption of cloud-based PACS/RIS for scalability and cost-effectiveness.
Restraints/Challenges: Cybersecurity concerns in healthcare IT; high initial investment for advanced systems; interoperability and data integration issues.
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Market Outlook
Product & Deployment Trends
The report shows that PACS (Picture Archiving & Communication Systems) remains the dominant product segment, as imaging departments demand multi-modality solutions (e.g., CT, MRI, ultrasound). RIS (Radiology Information Systems) growth is supported by radiology workflow automation, scheduling, billing and modality tracking.
Deployment models are shifting: while on-premise solutions remain relevant (especially in large hospitals), web-based and cloud-based PACS/RIS are rapidly advancing due to remote access, cost benefits and cross-site imaging collaboration. The cloud-based segment is noted as the fastest-growing.
Application & End-User Outlook
Hospitals lead adoption; however, diagnostic centres, academic & research institutes, and ambulatory surgical centres are also forming growth avenues. The adoption is particularly high where multi-modality imaging and digital archiving are required.
Regional Insights
North America: Dominates in 2024 owing to mature healthcare IT infrastructure, higher imaging volumes, regulatory support and strong vendor presence.
Asia-Pacific: Recognized as the fastest-growing region driven by rising healthcare spending, infrastructure upgrades, digital health initiatives and increasing imaging procedures.
Europe / Latin America / Middle East & Africa: Provide moderate growth opportunities, though adoption may be slower due to budget constraints, infrastructure variability and regulatory/regional challenges.
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Quote
"PACS and RIS systems are no longer optional add-ons-they are foundational to modern radiology and imaging workflows," said a senior analyst at Maximize Market Research. "With a projected ~7.23% CAGR through 2032, the healthcare IT vendors and hospital networks that can deliver secure, interoperable, cloud-capable imaging platforms will capture substantial value."
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
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