The market for picture archiving and
communications system (PACS) and cardiovascular information systems (CVIS) is
forecasted to undergo impressive growth from 2012 to 2018. As budgets in the
healthcare market are reducing, healthcare providers are facing pressure to
introduce effective modes of enhancing the efficiency while simultaneously
reducing costs and maintaining the standard of healthcare services. Integration
of IT with healthcare is in demand at present and this has induced the demand
for PACS and Radiology Information Systems (RIS). The major drivers for the
growth of the PACS and RIS market are increase in demand for better and
sophisticated analytical tools for medical practitioners and its inherent ease
in the development and management of service models.
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The healthcare industry is
experiencing a trend of integration of different branches of healthcare
services. IT systems are rapidly being adopted in this integration process
across all the disciplines of patient care. PACS and RIS assist in data
accessibility and improvement in the workforce efficiency. It is estimated that
about 25% radiology PACS have been installed till now. This number will
increase to 50% by 2018. North America is the major market for radiology IT
systems followed by Europe and the economically emerging nations across the
world. Simultaneously the already matured markets for radiology IT systems have
begun to shift their focus on adoption of cardiology IT systems.
Some of the major companies in the
global PACS and RIS market are GE Healthcare, Agfa Healthcare, Siemens,
Phillips Medical Systems, Carestream Health and others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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