PACS and RIS Market Size, Share, Trends, Growth and Forecast 2032

PACS and RIS Market Insights

Zion Market Research has published a report on the global PACS and RIS Market, estimating its value at USD 3.35 Billion in 2023, with projections indicating that it will reach USD 6.01 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.7% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the PACS and RIS Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global PACS and RIS Market Size

The report offers assessment and analysis of the PACS and RIS Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

PACS and RIS Market: Overview

Picture archiving and communication system is a medical imaging tool that offers cost-effective storage facility and easy access to pictures from various modalities. Furthermore, electronic pictures are transferred digitally through PACS and hence this eliminates requirement of manual file storage in form of physical folders & X-ray films. Apparently, the global format for storing & transferring PACS pictures is DICOM. However, radiological information system referred as RIS holds a key to electronic managing of various imaging departments.

It performs a spectrum of operations such as patient scheduling, examination performance tracking, procedure billing, resource management, results distribution, and reporting. Additionally, RIS supports appointment booking, digital reporting, patient registration & scheduling, patient tracking, consent management, modality & material management, PACS workflow, voice recognition, result entry,  billing, patient list management, custom report creation, cross site workflow, and request & document scanning.

Digital imaging is now an essential part of the developed world. The extensive acceptance has made it possible to get instant access to images, remote viewing, and remote consultation. The introduction of digital imaging and the addition of related information technologies within the day-to-day practice of radiology have changed the medical environment significantly. A radiology information system (RIS) is a software system network used to manage medical images and the data associated with it. RIS is particularly beneficial for tracking billing information and radiology imaging orders. It is often used in amalgamation with PACS for record-keeping, billing, and managing image archives. Picture archiving and communication system (PACS) is used for hoarding, recovering, presenting, and allocating images produced by multiple medical hardware modalities, like CT scan, X-ray, ultrasound machines, and MRI.

PACS stands for picture archiving and communication system. It allows images, such as scan and x-rays, to be captured, accumulated, circulated, and observed at the touch of a button, enabling the healthcare professionals to have a fast and proficient access to patient information. Hospitals and other healthcare facilities are under constant digitization process. DICOM (Digital Imaging and Communications in Medicine) is the universal format used for storage and transfer of PACS images. Scanned documents and other non-image data can be incorporated in various formats, like PDF, after they have been summarized in DICOM. PACS comprises of four main components: imaging modalities like computed tomography (CT), magnetic resonance imaging (MRI), and X-ray plain film (PF), a safe network to transfer patient information, archives for storing and retrieving images and reports, and workstations to interpret and review images.

Increasing adoption of health information technology (HIT), growing used of diagnostic imaging, development strategies incorporated by leading players to develop highly advanced PACS and RIS platforms, and rising use of RIS and PACS for a thorough assessment of patient health are the prime factors responsible for the growth of PACS and RIS market. Untapped market and increasing government funding for research and development are also expected to generate new opportunities in the forecast timeframe. However, the high software cost is one of the roadblocks for the developing PACS and RIS market.

PACS and RIS Market: Growth Drivers

PACS has ability to replace hard copies of medical imaging including film archives and provides strong electronic platform for radiology images. Moreover, it is used by radiology persons to proficiently handle workflow of patient examination. Furthermore, PACS provides remote access to medical practitioners. Reportedly, PACS is provided by various medical imaging device producers, healthcare IT firms, and other reputed software firms. Apparently, RIS supplements PACS and HIS and has proved key to effective radiological business workflow. This is projected to drive market trends.

Furthermore, breakthroughs in diagnostic imaging modalities along with rise in number of diagnostic tests will spur growth of PACS and RICS market. Necessity of integrating patient pictures with electronic healthcare records is set to create new growth avenues for PACS and RIS industry in foreseeable future.

Moreover, acceptance of EMR tools in clinics and office-based environments owing to their ability to store & save pictures in electronic format will drive business landscape. Massive use of PACS and RIS in processing healthcare insurance claims along with necessity of improving functionalities of healthcare IT tools & effectively managing huge number of patient records will prompt market penetration across various countries.   

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PACS and RIS Market: Segmentation

The study provides a decisive view of the water trading market by segmenting the market based on product type, by component, by deployment mode, by cloud-based, by end-user and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on product type, the PACS and RIS market is segmented into PACS and RIS. The PACS segment is further segmented into cardiology PACS, orthopedic PACS, dental PACS, and oncology PACS. The PACS segment holds the majority share of the PACS and RIS market. 

By component, the PACS and RIS market is classified into services, software, and hardware. 

Based on deployment mode, the PACS and RIS market is classified into on-premise, cloud-based, and web-based.

The cloud-based segment is projected to grow at a steady growth rate during the forecast timeframe. 

By end-user, the PACS and RIS market has been segmented into research and academic institutes, hospitals, diagnostic centers, and others. The hospital segment will dominate the market and is expected to grow at the fastest rate in the forecast timeframe. 

Based on geography, the PACS and RIS market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America will dominate the market in the forecast period, due to increasing government funding for PACS and RIS. The Asia Pacific region is expected to grow at the highest growth rate mainly due to increasing demand for powerful IT systems in diagnostics.

PACS and RIS Market: Report Scope

PACS and RIS Market: Regional Landscape

North American Market To Expand Exponentially Over 2024-2032

Acceptance of healthcare IT products in clinics & hospitals in countries such as the U.S. will prop up market surge. Furthermore, rise in use of healthcare IT systems in hospitals will proliferate regional market size. Escalating need for effective data management tools in healthcare units across countries such as Canada and the U.S. will protrude market growth. Presence of key players will contribute substantially towards market proceeds in sub-continent.

PACS and RIS Market: Competitive Landscape

Key players operating in the PACS and RIS market are GE Healthcare, Fujifilm Holdings Corporation, Agfa Healthcare, Allscripts Healthcare Solutions, Inc., Philips Healthcare, Siemens Healthineers, and McKesson Corporation, among others.

Key players leveraging industry space and included in report are -

• GE Healthcare
• Siemens Healthineers AG
• Fujifilm Holdings Corporation
• Agfa Healthcare
• Allscripts Healthcare Solutions
• Philips Healthcare
• McKesson Corporation.

The global PACS and RIS Market is segmented as follows:

By Deployment Mode

• On-Premise

• Cloud-Based
• Web-Based

By Component

• Software
• Hardware

By Product 

• PACS
• RIS

By End-User 

• Research & Academic Institutes
• Hospitals
• Diagnostic Centers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa