Rapid Technological Advancements in Healthcare to Continue Boosting Adoption of PACS and RIS, reports TMR The picture archiving and communication system (PACS) and radiology information system (RIS) market is extremely consolidated, with the top five companies accounting for a share of over 61% in 2015. Transparency Market Research finds that GE Healthcare, Philips Healthcare, McKesson Corporation, Fujifilm Holdings Corporation, and Siemens Healthineers have significantly contributed to the global market over the years by providing an extra advantage to customers at a reasonable price. “In contrast to the competitive landscape in the global PACS and RIS market, the market in developed countries is fragmented, with the presence of several companies vying for the top spot,� the author of the study notes.
PACS Emerges as Leading Segment in Global PACS and RIS Market by Product Type Based on product type, PACS held the majority in the global PACS and RIS market, accounting for a whopping share of over 82% in 2015. This segment is projected to register a 7.2% CAGR from 2016 to 2024, emerging as one of the most promising product segments by the end of the forecast period. By end user, hospitals led the PACS and RIS market in terms of revenue. On the other hand, ambulatory surgical centers are anticipated to report a CAGR higher than any other end-use segment by 2024. On the basis of component, the services segment dominates the PACS and RIS market and is also projected to register a high growth rate during the course of the forecast period. By deployment, web-based PACS and RIS held the leading share in the overall market, with cloud-based systems presenting the most lucrative options for players. Geographically, North America accounted for a leading share of just under 47% in the global PACS and RIS market in 2015. However, the market in Asia Pacific is anticipated to expand at a high CAGR of 8.4% during the forecast period. Read Full Report: http://www.transparencymarketresearch.com/pacs-ris-market.html Rising Adoption of EHR Systems Drives Usage of PACS and RIS