PACS and RIS Market Share, Growth, Trends, Sales, Revenue and Forecast 2021-2030

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The global PACS and RIS market size was valued at US$ 2.7 billion in 2020 and expected to reach US$ 4.72 billion by 2030, expanding at a CAGR of 5.5% from 2021 to 2030. The global PACS and RIS market is driven by rising health concerns and growing demand for digitization of products by government.

Key Driver

Globally, governments have recognized the importance of health care IT and are encouraging the usage of PACS and RIS for in-depth and accurate analysis of the health of a patient. Health care IT systems not only improve ease of use, but management of a large number of patient records, and transparency in medical insurance claim process.

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Adoption of EMR systems in both hospital and office-based practices is increasing. Demand for PACS and RIS is increasing as these allow medical images to be saved electronically.

This requirement effectively ensures that the radiology information system and picture archiving communication system for the caregivers is ensuring the electronic accessibility of the images.

The U.S. Government encourages adoption of health care IT products such as hospital information systems in the hospitals.

Overview

  • A picture archiving and communication system (PACS) is a medical imaging technology which provides economical storage of, and convenient access to, images from multiple modalities.
  • RIS (radiology information system) is a computerized database used by radiology departments to store, manipulate, and distribute patient radiological data and imagery.
  • PACS and RIS are being utilized more than conventional systems for medical imaging. PACS and RIS are the right choices for a sustainable future. Adoption of PACS and RIS is increasing in a number of health care facilities and high-value products, such as cardiology PACS, orthopedic PACS, and oncology PACS.
  • North America dominated the global PACS and RIS market in 2018 and the trend is anticipated to continue during the forecast period. Rising health care demand and substantial government interventions for research and development are the major factors supporting market growth of the market.

Restraints

  • PACS are widely installed in big healthcare provider, data networks, were experts say providers of all sizes should look to strengthen the cyber security of their medical imaging systems.
  • Medical devices connected to integrated delivery networks and hospital computer networks including image-producing hardware such as MRI machines can present both cyber security and patient safety concerns

Increase in number of cardiology procedures Globally To Drive PACS and RIS Market

  • Cardiology imaging vendors have adopted digital imaging and communications in medicine (DICOM) standard to develop commercial PACS specifically designed for cardiology. Since cardiology studies are dynamic, large number of images and a vast amount of data are generated per study. Also, the number of cardiology studies performed is increasing by 20% per year. Considering the large records, cardiology can expect to benefit substantially from the electronic management of images. This drive the demand for the PACS and RIS

PACS Segment to Capture Largest Market Share

  • Based on product type, the market has been segmented into PACS and RIS. PACS emerged as the leading segment in terms of revenue in 2020, attributed to 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 the highest growth rate from 2021 to 2030. This is attributed to increase in prevalence of cancer. In addition, increase in demand for complete diagnosis is likely to fuel the growth of this segment.

Web-based Deployment to Dominate Market in Term of Method of Deployment

  • In terms of deployment, the market segmented as web-based, cloud-based, and on-premise. Web-based dominates the global PACS AND RIS market and this is attributed to high 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 the highest growth rate from 2021 to 2030. This is because cloud-based systems provide increased cyber security and additional storage, which is essential due to increased number of health care procedures etc.

Hospital to be Highly Lucrative Segment

  • Based on end-user, the PACS and RIS market has been segmented into hospitals, diagnostic centers, research & academic institutes, and ambulatory diagnostic centers. Hospitals is the major end-user of PACS and RIS due to high number of medical examinations in terms of medical images, which require large storage and accessibility to physicians.

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North America to Dominate Global Market

  • In terms of region, the global PACS and RIS market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global PACS and RIS market in 2020, followed by Europe.
  • The growth of the PACS and RIS market in North America is drive owing to its increasing technological advancements Demand for PACS in North America is high due to increasing prevalence of diseases and the need for data management.

Competitive Landscape

  • Key players in the global market include GE Healthcare, Philips Healthcare, Fujifilm Holdings Corporation, McKesson Corporation, Siemens Healthineers, Agfa Healthcare, and Allscripts Healthcare Solutions, Inc. GE Healthcare, Philips Healthcare, and Fujifilm Holdings Corporation exhibit the largest geographical outreach, with presence in multiple PACS and RIS product categories others among others.

Market Segmentation:

By Product

  • RIS
  • PACS
    • Cardiology PACS
    • Dental PACS
    • Oncology PACS
    • Orthopedic PACS
    • Others

By Component

  • Hardware
  • Software
  • Services

By Deployment

  • Web-based
  • Cloud-based
  • On-premise

By End Users

  • Hospitals
  • Diagnostic Centers
  • Research & Academic Institutes
  • Ambulatory Surgical Centers

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Table of Contents

1.Preface

1.1Report Scope and Market Segmentation

1.2Research Highlights

2.Assumptions and Research Methodology

2.1Assumptions and Acronyms Used

2.2Research Methodology

3.Executive Summary

3.1Global PACS and RIS: Market Snapshot

3.2Global PACS and RIS Market: Opportunity Map

4.Market Overview

4.1Global PACS and RIS Market: Product Overview

4.2Global PACS and RIS Market: Key Industry Developments

5.Market Dynamics

5.1Drivers and Restraints Snapshot Analysis

5.1.2Drivers

5.1.2.1Technological advancement in healthcare encouraged by Government intervention

5.1.2.2Remote viewing and consulting by medical professionals

5.1.2.3Transition to Electronic Medical Record (EMR)

5.1.2.4Increased Digitization

5.1.2.5Increasing adoption of PACS and RIS by small hospitals and clinics

5.1.2.6Increasing Cardiology Procedure Volumes

5.1.2.7Rise in the number of advanced medical imaging modalities

5.1.2.8Advances in Computational Technologies

5.1.3Restraints

5.1.3.1High Equipment Cost

5.1.3.2Cyber security Concerns

5.1.3.3Tedious job due to Integration between hospitals, EMR & RIS

5.1.3.4Significant shortage of skilled PACS personnel

5.1.4Opportunity Analysis

5.1.4.1Adoption of Cloud based PACS by Healthcare Organization and Hospitals

5.1.4.2Penetration of smartphones in the health care sector & increase in Demand for Mobile PACS

5.2Key Trends

5.2.1Increasing adoption of cloud-based systems

5.2.2Virtualization technologies add new dimension to IT security risks

5.3Global PACS and RIS Market Revenue and Volume Projection

5.4Porter's Five Forces Analysis

5.5PACS and RIS Market Outlook

6.PACS and RIS Market Analysis, by Product Type

6.1Key Findings

6.2Introduction

6.3Global PACS and RIS Market Value Share and Volume Analysis, by Product Type

6.4Global PACS and RIS Market Forecast, by Product Type

6.4.1RIS

6.4.2PACS

6.4.2.1Cardiology PACS

6.4.2.2Dental PACS

6.4.2.3Oncology PACS

6.4.2.4Orthopedics PACS

6.4.2.5Others

6.5Global PACS and RIS Market Attractiveness Analysis, by Product Type

7.Global PACS and RIS Market Analysis, by Component

7.1Key Findings

7.2Introduction

7.3Global PACS and RIS Market Value Share Analysis, by Component Type

7.4Global PACS and RIS Market Forecast, by Component Type

7.4.2Hardware

7.4.3Software

7.4.4Services

7.5Global PACS and RIS Market Attractiveness Analysis, by Component type

8.Global PACS and RIS Market Analysis, by Deployment Type

8.1Key Findings

8.2Introduction

8.3Global PACS and RIS Market Value Share and Volume Analysis, by Deployment Type

8.4Global PACS and RIS Market Forecast, by Deployment Type

8.4.1Web-based

8.4.2Cloud-based

8.4.3On-premise

8.5Global PACS and RIS Market Attractiveness Analysis, by Deployment Type

9.Global PACS and RIS Market Analysis, by End-user

9.1Key Findings

9.2Introduction

9.3Global PACS and RIS Market Value Share and Volume Analysis, by End-user

9.4Global PACS and RIS Market Forecast, by End-user

9.4.1Hospitals

9.4.2Diagnostic Centers

9.4.3Research & Academic Institutes

9.4.4Ambulatory Surgical Centers

9.5Global PACS and RIS Market Attractiveness Analysis, by End-user

10.Global PACS and RIS Market Analysis, by Region

10.1Global Market Scenario

10.2Global PACS and RIS Market Value and Volume Share Analysis, by Region

10.3Global PACS and RIS Market Forecast, by Region

10.4Global PACS and RIS Market Attractiveness Analysis, by Region Type

11.North America PACS and RIS Market Analysis

11.1Key Findings

11.2North America PACS and RIS Market Overview

11.3North America Market Value Share Analysis, by Product Type

11.3.1North America Market Forecast, by Product Type

11.4North America Market Value Share Analysis, by Component Type

11.4.1North America Market Forecast, by Component Type

11.5North America Market Value Share Analysis, by Deployment Type

11.5.1North America Market Forecast, by Deployment Type

11.5North America Market Value Share Analysis, by End-user

11.5.1North America Market Forecast, by End-user

11.6North America Market Value Share Analysis, by Country

11.6.1North America Market Value Share Analysis Forecast, by Country

11.7U.S. Market Value Share Analysis, by Product Type

11.7.1U.S. Market Forecast, by Product Type

11.7.2U.S. Market Forecast, by Component Type

11.7.3U.S. Market Forecast, by Deployment Type

11.7.4U.S. Market Forecast, by End-user

11.8Canada Market Value Share Analysis, by Product Type

11.8.1Canada Market Forecast, by Product Type

11.8.2Canada Market Forecast, by Component Type

11.8.3Canada Market Forecast, by Deployment Type

11.8.4Canada Market Forecast, by End-user

11.9North America Market Attractiveness Analysis

11.9.1North America Market Attractiveness Analysis, by Product

11.9.2North America Market Attractiveness Analysis, by Component

11.9.3North America Market Attractiveness Analysis, by Deployment

11.9.4North America Market Attractiveness Analysis, by End-user

11.10North America Market Trends

12.Europe PACS and RIS Market Analysis

12.1Key Findings

12.2Europe PACS and RIS Market Overview

12.3Europe Market Value Share Analysis, by Product Type

12.3.1Europe Market Forecast, by Product Type

12.4Europe Market Value Share Analysis, by Component Type

12.4.1Europe Market Forecast, by Component Type

12.5Europe Market Value Share Analysis, by Deployment Type

12.5.1Europe Market Forecast, by Deployment Type

12.5Europe Market Value Share Analysis, by End-user

12.5.1Europe Market Forecast, by End-user

12.6Europe Market Value Share Analysis, by Country

12.6.1Europe Market Value Share Analysis Forecast, by Country

12.7Germany Market Value Share Analysis, by Product Type

12.7.1Germany Market Forecast, by Product Type

12.7.2Germany Market Forecast, by Component Type

12.7.3Germany Market Forecast, by Deployment Type

12.7.4Germany Market Forecast by End-user

12.8France Market Value Share Analysis, by Product Type

12.8.1France Market Forecast, by Product Type

12.8.2France Market Forecast, by Component Type

12.8.3France Market Forecast, by Deployment Type

12.8.4France Market Forecast, by End-user

12.8Spain Market Value Share Analysis, by Product Type

12.8.1Spain Market Forecast, by Product Type

12.8.2Spain Market Forecast, by Component Type

12.8.3Spain Market Forecast, by Deployment Type

12.8.4Spain Market Forecast, by End-user

12.9Italy Market Value Share Analysis, by Product Type

12.9.1Italy Market Forecast, by Product Type

12.9.2Italy Market Forecast, by Component Type

12.9.3Italy Market Forecast, by Deployment Type

12.9.4Italy Market Forecast, by End-user

12.10U.K. Market Value Share Analysis, by Product Type

12.10.1U.K. Market Forecast, by Product Type

12.10.2U.K. Market Forecast, by Component Type

12.10.3U.K. Market Forecast, by Deployment Type

12.10.4U.K. Market Forecast, by End-user

12.11Rest of Europe Market Value Share Analysis, by Product Type

12.11.1Rest of Europe Market Forecast, by Product Type

12.11.2Rest of Europe Market Forecast, by Component Type

12.11.3Rest of Europe Market Forecast, by Deployment Type

12.11.4Rest of Europe Market Forecast, by End-user

12.12Europe Market Attractiveness Analysis

12.12.1Europe Market Attractiveness Analysis, by Product

12.12.2Europe Market Attractiveness Analysis, by Component

12.12.3Europe Market Attractiveness Analysis, by Deployment

12.12.4Europe Market Attractiveness Analysis, by End-user

12.13Europe Market Trends

13.Asia Pacific PACS and RIS Market Analysis

13.1Key Findings

13.2Asia Pacific PACS and RIS Market Overview

13.3Asia Pacific Market Value Share Analysis, by Product Type

13.3.1Asia Pacific Market Forecast, by Product Type

13.4Asia Pacific Market Value Share Analysis, by Component Type

13.4.1Asia Pacific Market Forecast, by Component Type

13.5Asia Pacific Market Value Share Analysis, by Deployment Type

13.5.1Asia Pacific Market Forecast, by Deployment Type

13.6Asia Pacific Market Value Share Analysis, by End-user

13.6.1Asia Pacific Market Forecast, by End-user

13.7Asia Pacific Market Value Share Analysis, by Country

13.7.1Asia Pacific Market Value Share Analysis Forecast, by Country

13.8China Market Value Share Analysis, by Product Type

13.8.1China Market Forecast, by Product Type

13.8.2China Market Forecast, by Component Type

13.8.3China Market Forecast, by Deployment Type

13.8.4China Market Forecast, by End-user

13.9Japan Market Value Share Analysis, by Product Type

13.9.1Japan Market Forecast, by Product Type

13.9.2Japan Market Forecast, by Component Type

13.9.3Japan Market Forecast, by Deployment Type

13.9.4Japan Market Forecast, by End-user

13.10India Market Value Share Analysis, by Product Type

13.10.1India Market Forecast, by Product Type

13.10.2India Market Forecast, by Component Type

13.10.3India Market Forecast, by Deployment Type

13.10.4India Market Forecast, by End-user

13.11Rest of Asia Pacific Market Value Share Analysis, by Product Type

13.11.1Rest of Asia Pacific Market Forecast, by Product Type

13.11.2Rest of Asia Pacific Market Forecast, by Component Type

13.11.3Rest of Asia Pacific Market Forecast, by Deployment Type

13.11.4Rest of Asia Pacific Market Forecast, by End-user

13.12Asia Pacific Market Attractiveness Analysis

13.12.1Asia Pacific Market Attractiveness Analysis, by Product

13.12.2Asia Pacific Market Attractiveness Analysis, by Component

13.12.3Asia Pacific Market Attractiveness Analysis, by Deployment

13.12.4Asia Pacific Market Attractiveness Analysis, by End-user

13.13Asia Pacific Market Trends

14.Latin America PACS and RIS Market Analysis

14.1Key Findings

14.2Latin America PACS and RIS Market Overview

14.3Latin America Market Value Share Analysis, by Product Type

14.3.1Latin America Market Forecast, by Product Type

14.4Latin America Market Value Share Analysis, by Component Type

14.4.1Latin America Market Forecast, by Component Type

14.5Latin America Market Value Share Analysis, by Deployment Type

14.5.1Latin America Market Forecast, by Deployment Type

14.6Latin America Market Value Share Analysis, by End-user

14.6.1Latin America Market Forecast, by End-user

14.7Latin America Market Value Share Analysis, by Country

14.7.1Latin America Market Value Share Analysis Forecast, by Country

14.8Brazil Market Value Share Analysis, by Product Type

14.8.1Brazil Market Forecast, by Product Type

14.8.2Brazil Market Forecast, by Component Type

14.8.3Brazil Market Forecast, by Deployment Type

14.8.4Brazil Market Forecast, by End-user

14.9Mexico Market Value Share Analysis, by Product Type

14.9.1Mexico Market Forecast, by Product Type

14.9.2Mexico Market Forecast, by Component Type

14.9.3Mexico Market Forecast, by Deployment Type

14.9.4Mexico Market Forecast, by End-user

14.10Rest of Latin America Market Value Share Analysis, by Product Type

14.10.2Rest of Latin America Market Forecast, by Component Type

14.10.3Rest of Latin America Market Forecast, by Deployment Type

14.10.4Rest of Latin America Market Forecast, by End-user

14.11Latin America Market Attractiveness Analysis

14.11.1Latin America Market Attractiveness Analysis, by Product

14.11.2Latin America Market Attractiveness Analysis, by Component

14.11.3Latin America Market Attractiveness Analysis, by Deployment

14.11.4Latin America Market Attractiveness Analysis, by End-user

14.12Latin America Market Trends

15.Middle East & Africa PACS and RIS Market Analysis

15.1Key Findings

15.2Middle East & Africa PACS and RIS Market Overview

15.3Middle East & Africa Market Value Share Analysis, by Product Type

15.3.1Middle East & Africa Market Forecast, by Product Type

15.4Middle East & Africa Market Value Share Analysis, by Component Type

15.4.1Middle East & Africa Market Forecast, by Component Type

15.5Middle East & Africa Market Value Share Analysis, by Deployment Type

15.5.1Middle East & Africa Market Forecast, by Deployment Type

15.6Middle East & Africa Market Value Share Analysis, by End-user

15.6.1Middle East & Africa Market Forecast, by End-user

15.7Middle East & Africa Market Value Share Analysis, by Country

15.7.1Middle East & Africa Market Value Share Analysis Forecast, by Country

15.8Saudi Arabia Market Value Share Analysis, by Product Type

15.8.1Saudi Arabia Market Forecast, by Product Type

15.8.2Saudi Arabia Market Forecast, by Component Type

15.8.3Saudi Arabia Market Forecast, by Deployment Type

15.8.4Saudi Arabia Market Forecast, by End-user

15.9South Africa Market Value Share Analysis, by Product Type

15.9.1South Africa Market Forecast, by Product Type

15.9.2South Africa Market Forecast, by Component Type

15.9.3South Africa Market Forecast, by Deployment Type

15.9.4South Africa Market Forecast, by End-user

15.10Rest of Middle East & Africa Market Value Share Analysis, by Product Type

15.10.2Rest of Middle East & Africa Market Forecast, by Component Type

15.10.3Rest of Middle East & Africa Market Forecast, by Deployment Type

15.10.4Rest of Middle East & Africa Market Forecast, by End-user

15.11Middle East & Africa Market Attractiveness Analysis

15.11.1Middle East & Africa Market Attractiveness Analysis, by Product

15.11.2Middle East & Africa Market Attractiveness Analysis, by Component

15.11.3Middle East & Africa Market Attractiveness Analysis, by Deployment

15.11.4Middle East & Africa Market Attractiveness Analysis, by End-user

15.12Middle East & Africa Market Trends

16.Competition Landscape

16.1.Competition Matrix

16.2.Company Profiles

16.2.1. Philips Healthcare

16.2.1.1 Company Details

16.2.1.2 Business Overview

16.2.1.3 Financial Overview

16.2.1.4 Strategic Overview

16.2.1.5 SWOT Analysis

16.2.2Agfa Healthcare

16.2.2.1 Company Details

16.2.2.2 Business Overview

16.2.2.3 Financial Overview

16.2.2.4 Strategic Overview

16.2.2.5 SWOT Analysis

16.2.3Fujifilm Holdings Corporation

16.2.3.1 Company Details

16.2.3.2 Business Overview

16.2.3.3 Financial Overview

16.2.3.4 Strategic Overview

16.2.3.5 SWOT Analysis

16.2.4 Siemens Healthineers

16.2.4.1 Company Details

16.2.4.2 Business Overview

16.2.4.3 Financial Overview

16.2.4.4 Strategic Overview

16.2.4.5 SWOT Analysis

16.2.5GE Healthcare

16.2.5.1 Company Details

16.2.5.2 Business Overview

16.2.5.3 Financial Overview

16.2.5.4 Strategic Overview

16.2.5.5 SWOT Analysis

16.2.6 Allscripts Healthcare Solutions, Inc.

16.2.6.1 Company Details

16.2.6.2 Business Overview

16.2.6.3 Financial Overview

16.2.6.4 Strategic Overview

16.2.6.5 SWOT Analysis

16.2.7McKesson Corporation

16.2.7.1 Company Details

16.2.7.2 Business Overview

16.2.7.3 Financial Overview

16.2.7.4 Strategic Overview

16.2.7.5 SWOT Analysis

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