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 PACS and RIS market is estimated to grow with a CAGR of 7.4% from 2019-2027.
The market is driven by factors such 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. However, availability of better substitutes and concerns regarding data privacy may limit the growth of the market to a certain extent.
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Picture archiving and communication system (PACS) is used for management, retrieval, storage, and distribution of the medical images. In the field of radiology, it is used for sharing and viewing of diagnostic images. A radiology information system (RIS) is a network of the software system used for managing medical images and other related data. RIS keeps track of radiology imaging orders and data of bills. It is used along with PACS and vendor neutral archives (VNAs). RIS manages image archives, keeps record and billing.
Some of the major primary and secondary sources included in the report for, The Japan Radiological Society, The National Health Information Standard Committee, The Canadian Association of Radiologists, The Spanish Society of Medical Oncology, and The National Health Survey among others.
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. 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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Some of the difficulties of the PACS software include quality of images, a short span of backup storage as well as the threat from data privacy. To combat the shortcomings of the software, other alternatives with better features are available, for instance, the vendor neutral archive (VNA). A vendor neutral archive (VNA), stores medical images in a standard format, making these images accessible to healthcare professionals.
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Global PACS and RIS were segmented by product, component, deployment, and end user. The product segment was segmented as Picture archiving and communication system (PACS) and radiology information system (RIS). On the basis of the component, the market is categorized as hardware, software and services. The PACS and RIS market based on deployment is categorized as, web-based, on-premise and cloud-based. Based on the end user, the market was segmented as hospitals, diagnostic centers and others. During 2018, the hospitals segment led the PACS and RIS market by the end user.
PACS AND RIS – MARKET SEGMENTATION
- Picture Archiving And Communication System (PACS)
- Dental PACS
- Cardiology PACS
- Oncology PACS
- Orthopedic PACS
- Radiology Information System (RIS)
By End User
- Diagnostic Centers
- Other End Users
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This post was originally published on The Picayune Current