PACS and RIS Market: Drivers and Restraints Snapshot Analysis 2016 - 2024

Global PACS and RIS Market: Snapshot

The global market for Picture archiving and communication systems (PACS) and radiology information systems (RIS) have witnessed rise at a significant pace in the past few years owing to the efficiency they enable in the proper management of data in healthcare facilities. The mounting rise in demand for digitization in the healthcare industry will continue to drive the market in the next few years as well.

Transparency Market Research estimates that the global PACS and RIS will exhibit a promising 7.0% CAGR over the period between 2016 and 2024, rising from US$2.2 bn in 2015 to US$3.9 bn in 2024.

This 321 page report gives readers a comprehensive overview of the PACS and RIS market. Browse through 125 data tables and 97 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/pacs-ris-market.html

Cloud-based PACS and RIS to Witness Most Promising Growth

On the basis of product type, the global PACS and RIS market witnessed the emergence of PACS as the leading segment in terms of revenue in 2015. The widespread use of PACS and the continuously rising demand across the cardiology and orthopedics sectors are expected to help PACS retain its dominance over the forecast period as well. Of the variety of types of PACS products available in the global market, the segment of oncology PACS is expected to be the segment with the most significant growth over the report’s forecast period. The rising prevalence of a variety of cancers is expected to be the leading factor to drive the increased demand for oncology PACS.

From the components perspective, the services segment accounts for the dominant share in the global PACS and RIS market. The demand for PACS and RIS services has significantly increased in the past few years owing to the increased need for the regular maintenance and servicing of software and hardware. In terms of deployment, the market is presently dominated by the web-based segment, owing to the high demand for multi-modality support for the effective management of medical image practice workflow. However, the cloud-based segment is expected to witness the most promising growth over the forecast period owing to cost effectiveness and flexibility provided by the cloud model.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving PACS and RIS market during 2016 - 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1232

Asia Pacific PACS and RIS Market to Lead to Most Promising Growth Opportunities

From a geographical perspective, the global PACS and RIS market is dominated by North America, which held a share of nearly 45% in 2015. The vast rise in effective healthcare services to tackle the mounting cases of a number of chronic diseases and the substantial rise in government funding to enable this are the key factors to have helped the North America market gain the leading share in the market in the recent years. The PACS segment held the dominant share in the North America market in the same year, chiefly owing to the vast range of applications in the fields of oncology and cardiology.

Nevertheless, the PACS and RIS market is expected to witness the most promising growth opportunities in Asia Pacific over the report’s forecast period, chiefly owing to the vast rise in the numbers of medical images and the need to move to a technologically advanced and digitized medical data management systems in the burgeoning healthcare sector in the region.

Some of the key companies operating in the global PACS and RIS market profiled in the report are Fujifilm Holdings Corporation, GE Healthcare, Agfa Healthcare, Philips Healthcare, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Siemens Healthineers.

PACS and RIS Market in Asia Pacific to Witness Considerable Growth by 2024

Global PACS and RIS Market: Snapshot

The global market for Picture archiving and communication systems (PACS) and radiology information systems (RIS) have witnessed rise at a significant pace in the past few years owing to the efficiency they enable in the proper management of data in healthcare facilities. The mounting rise in demand for digitization in the healthcare industry will continue to drive the market in the next few years as well.

Transparency Market Research estimates that the global PACS and RIS will exhibit a promising 7.0% CAGR over the period between 2016 and 2024, rising from US$2.2 bn in 2015 to US$3.9 bn in 2024.

Read Full Report: http://www.transparencymarketresearch.com/pacs-ris-market.html

Cloud-based PACS and RIS to Witness Most Promising Growth

On the basis of product type, the global PACS and RIS market witnessed the emergence of PACS as the leading segment in terms of revenue in 2015. The widespread use of PACS and the continuously rising demand across the cardiology and orthopedics sectors are expected to help PACS retain its dominance over the forecast period as well. Of the variety of types of PACS products available in the global market, the segment of oncology PACS is expected to be the segment with the most significant growth over the report’s forecast period. The rising prevalence of a variety of cancers is expected to be the leading factor to drive the increased demand for oncology PACS.

From the components perspective, the services segment accounts for the dominant share in the global PACS and RIS market. The demand for PACS and RIS services has significantly increased in the past few years owing to the increased need for the regular maintenance and servicing of software and hardware. In terms of deployment, the market is presently dominated by the web-based segment, owing to the high demand for multi-modality support for the effective management of medical image practice workflow. However, the cloud-based segment is expected to witness the most promising growth over the forecast period owing to cost effectiveness and flexibility provided by the cloud model.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1232

Asia Pacific PACS and RIS Market to Lead to Most Promising Growth Opportunities

From a geographical perspective, the global PACS and RIS market is dominated by North America, which held a share of nearly 45% in 2015. The vast rise in effective healthcare services to tackle the mounting cases of a number of chronic diseases and the substantial rise in government funding to enable this are the key factors to have helped the North America market gain the leading share in the market in the recent years. The PACS segment held the dominant share in the North America market in the same year, chiefly owing to the vast range of applications in the fields of oncology and cardiology.

Nevertheless, the PACS and RIS market is expected to witness the most promising growth opportunities in Asia Pacific over the report’s forecast period, chiefly owing to the vast rise in the numbers of medical images and the need to move to a technologically advanced and digitized medical data management systems in the burgeoning healthcare sector in the region.

Some of the key companies operating in the global PACS and RIS market profiled in the report are Fujifilm Holdings Corporation, GE Healthcare, Agfa Healthcare, Philips Healthcare, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Siemens Healthineers.

PACS and RIS Market is expected to reach US$3.9 bn in 2024

This report on the PACS and RIS market studies the current as well as future prospects of the market globally. Health concerns related to life threatening diseases are the major challenges in the developed and developing nations. In addition, proper management and flow of medical data needs utilization of advance devices which enhance the PACS and RIS market.

PACS and RIS Market: Snapshot

Picture archiving and communication systems (PACS) and radiology information systems (RIS) are considered to be key resources for proper data management in a healthcare facility. The growing demand for digitization is enhancing the PACS and RIS market globally. The instant availability of images at wards and operating rooms to speed up treatment processes, remote viewing and consulting by medical professionals, and the transition from paper records to electronic medical records are functions that are supported by PACS and RIS and the rising need for these functionalities at any healthcare facility drives the global market.

Read Full Press Release: http://www.transparencymarketresearch.com/pressrelease/pacs-ris-market.htm

The global PACS and RIS market was valued at US$2.2 bn in 2015 and is anticipated to expand at a CAGR of 7.0% during the forecast period to reach US$3.9 bn in 2024.

Cloud-based PACS and RIS to Propel Global Market during Forecast Period

Based on product type, PACS emerged as the leading segment in terms of revenue in 2015, attributed to the high demand and widespread use of PACS such as cardiology PACS and orthopedic PACS. Among various types of PACS products, the oncology PACS segment is likely to record an impressive growth rate from 2016 to 2024. This is attributed to the increasing prevalence of cancer. In addition, the growing demand for complete diagnosis is likely to fuel this segment.

In terms of component, the services segment held a major share in the PACS and RIS market in 2015, boosted by the need for regular servicing and maintenance of hardware and software. In terms of deployment, the market has is led by web-based PACS and RIS, attributed to the increased demand for multi-modality support for efficient workflow management of medical imaging practices at number of locations. The cloud-based segment is likely to record strong growth from 2016 to 2024 because cloud-based systems provide increased cyber security and additional storage, which is essential due to the increased number of healthcare procedures.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1232

Based on end user, hospitals emerged as the leading segment in terms of revenue in 2015, owing to high demand. Hospitals carry out a large number of medical examinations in the form of images, which require secure proper storage and accessibility. The ambulatory surgical centers segment, on the other hand, is likely to record the highest growth rate during the forecast period.

PACS and RIS Market in Asia Pacific to Witness Considerable Growth by 2024

Geographically, North America was the leading revenue generator for the global PACS and RIS market in 2015, accounting for a share of over 45% that year. Rising healthcare demand and substantial government interventions for research and development are the major factors supporting market growth. The PACS segment in North America accounted for a significant share in 2015, supported mainly by a wide range of applications such as cardiology and oncology.

The PACS and RIS market in Asia Pacific is anticipated to witness considerable growth during the forecast period due to the difficulty presented by an increasing number of medical images in tracking medical records on paper. Hence, the adoption of electronic medical records and PACS and RIS is anticipated to increase through 2024. The markets in Japan and China are expected to expand at a CAGR higher than other countries in Asia Pacific due to the technological advancements in these countries. The demand for services for PACS and RIS systems in Asia Pacific is high owing to the increase in demand for maintenance of hardware and software.

Brochure Download: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1232

Major players operating in the global PACS and RIS market include GE Healthcare, Philips Healthcare, Fujifilm Holdings Corporation, McKesson Corporation, Siemens Healthineers, Agfa Healthcare, and Allscripts Healthcare Solutions, Inc.