RIS and PACS Market – (RIS Market – Delivery Mode: Cloud based, On-Premise, Web-based, Product Type: Integrated RIS, Standalone RIS, End-User: Hospitals, Imaging Centers and Other; PACS Market – Product Type: Departmental and Enterprise, Modalities: X-Ray, CT Scan, MRI, PET & SPECT and Ultrasound): Market Growth, Future Prospects and Competitive Analysis, 2017-2025, the market was valued at USD 44,88,.5 Mn in 2017, and is expected to reach USD 10,160.8 Mn by 2025, expanding at a CAGR of 5.8% from 2017 to 2025.
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Market Insights
A radiology information system is a computer system that is aimed to support effective workflow and business analysis in a radiology department. This system helps in managing all the business functions of the department, from patient management, analysis, and inventory control. These systems provide ease of use and are easily accessible. Moreover, these systems offer benefits, such as high security, reliability, and privacy as they can be accessed by only authorized users.
The radiology information system (RIS) is considered the core system for the electronic management of imaging departments. Picture Archiving and Communication System (PACS) facilitates short- and long-term storage, retrieval, management, distribution and presentation of medical images. PACS allows healthcare systems to image management on departmental and enterprise levels. Rapid evolution and adoption of health information technology is supporting the demand for PACS. Growth of this market will be driven by government reforms and initiatives towards healthcare centralization. Penetration of PACS into specialties such as endoscopy and oncology will lead to additional PACS applications and thus market growth. Furthermore, features such as integrated speech recognition and advanced clinical decision support systems will also contribute to expansion of PACS market. The introduction of PACS established a co-dependent relationship between the RIS and PACS. Optimal efficiency for the imaging department occurs when PACS and RIS integration enables seamless information sharing between RIS and PACS.
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The geographical segmentation of the global RIS and PACS market comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America accounted for the largest market in the global RIS and PACS market. Due to improved quality of patient care and clinical outcomes and the growing implementation of health information exchanges (HIEs) and EHR systems. In addition to the demand for RIS and PACS solutions from healthcare providers, the mounting need of healthcare insurance providers to capably manage a detailed record of claims and reimbursements also assists the growth of the North American RIS and PACS market throughout the forecast period. Asia-Pacific was observed as the most potential market for RIS and PACS throughout the forecast period owing to the nation and state-wide healthcare IT policies in Australia, China and Japan. Moreover, factors such as improved healthcare information technology systems, growth in the incidence rate of chronic diseases, and rise in demand for better healthcare services are some of the key drivers responsible for the growth of the RIS and PACS market in the region.
The key players operating in the global RIS and PACS market include Fujifilm Teramedica, Inc, Merge Healthcare, McKesson Corporation, Siemens Healthineers, Carestream Health, Inc. The other notable players include Pismeo, Agfa Healthcare, Cerner Corporation, Philips Healthcare and Allscripts Healthcare Solutions, Inc. and others.
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Table of Content :
Chapter 1 Preface 9
1.1 Report Description 9
1.1.1 Purpose of the Report 9
1.1.2 Target Audience 9
1.1.3 USP and Key Offerings 9
1.2 Research Scope 10
1.3 Research Methodology 11
1.3.1 Phase I – Secondary Research 11
1.3.2 Phase II – Primary Research 12
1.3.3 Phase III – Expert Panel Review 12
1.3.4 Assumptions 13
1.1 Report Description 9
1.1.1 Purpose of the Report 9
1.1.2 Target Audience 9
1.1.3 USP and Key Offerings 9
1.2 Research Scope 10
1.3 Research Methodology 11
1.3.1 Phase I – Secondary Research 11
1.3.2 Phase II – Primary Research 12
1.3.3 Phase III – Expert Panel Review 12
1.3.4 Assumptions 13
Chapter 2 Executive Summary 14
2.1 Global Radiology Information System (RIS) Market Portraiture 15
2.2 Global Picture Archiving and Communications Systems (PACS) Market Portraiture 16
2.1 Global Radiology Information System (RIS) Market Portraiture 15
2.2 Global Picture Archiving and Communications Systems (PACS) Market Portraiture 16
Chapter 3 PACS& RIS Market Analysis 18
3.1 Global PACS& RIS Market Overview 18
3.1.1 PACS and RIS Market: Future Trends 18
3.1.2 Market Dynamics 19
3.1.3 Drivers 19
3.1.3.1 Intensive Electronic Medical Records (EMR) Adoption 19
3.1.3.2 Reimbursements and Industry Regulations 20
3.1.4 Challenges 21
3.1.4.1 Infrastructure Challenges 21
3.1 Opportunities 22
3.1.1.1 Product Quality Enhancements 22
3.2 Global Vendor Neutral Archiving (VNA) Market Snapshot 23
3.3 Attractive Investment Proposition 24
3.4 Competitive Landscape of Key Vendors in VNA and PACS Market 26
3.1 Global PACS& RIS Market Overview 18
3.1.1 PACS and RIS Market: Future Trends 18
3.1.2 Market Dynamics 19
3.1.3 Drivers 19
3.1.3.1 Intensive Electronic Medical Records (EMR) Adoption 19
3.1.3.2 Reimbursements and Industry Regulations 20
3.1.4 Challenges 21
3.1.4.1 Infrastructure Challenges 21
3.1 Opportunities 22
3.1.1.1 Product Quality Enhancements 22
3.2 Global Vendor Neutral Archiving (VNA) Market Snapshot 23
3.3 Attractive Investment Proposition 24
3.4 Competitive Landscape of Key Vendors in VNA and PACS Market 26
Chapter 4 Global Radiology Information System (RIS) Market Analysis 28
4.1 Introduction 28
4.2 RIS Market, by Delivery Mode 29
4.2.1 Cloud-based RIS 29
4.2.2 On-Premise RIS 30
4.2.3 Web-based RIS Market 31
4.3 RIS Market, by Product Type 33
4.3.1 Integrated RIS System 33
4.3.2 Standalone RIS Systems 34
4.4 RIS Market, by End-Users 35
4.4.1 Hospitals 36
4.4.2 Imaging Centres 37
4.4.3 Others 38
4.1 Introduction 28
4.2 RIS Market, by Delivery Mode 29
4.2.1 Cloud-based RIS 29
4.2.2 On-Premise RIS 30
4.2.3 Web-based RIS Market 31
4.3 RIS Market, by Product Type 33
4.3.1 Integrated RIS System 33
4.3.2 Standalone RIS Systems 34
4.4 RIS Market, by End-Users 35
4.4.1 Hospitals 36
4.4.2 Imaging Centres 37
4.4.3 Others 38
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