PACS and RIS Market - Forecast(2021 - 2026)

Report Code: HCR 0675 Report Format: PDF + Excel (Delivery in 48 Hrs)

PACS and RIS Market Overview

The PACS and RIS Market size is forecast to reach $4.7 billion by 2026, growing at a CAGR of 6.4% during the forecast period 2021-2026. Picture Archiving and Communication System provides economical storage and convenient access to images and aids in digitally transmitting electronic reports. It also offers the electronic platform for radiology images interfacing with Radiology Information System. It provides cost-effective access to images from multiple source modalities such as computed tomography, and magnetic resonance imaging among others. Technological advancements and increasing developments in diagnostic imaging modalities coupled with rising number of diagnostic tests procedures are the major factors driving the growth of the market. Rapid digitization in the healthcare sector globally and increasing adoption of mobile applications in the healthcare sector is also set to further enhance the overall market demand for the PACS and RIS Market for the period 2021-2026.

Report Coverage

The report: “PACS and RIS Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the PACS and RIS Market. 
By Product: Orthopedic PACS, Cardiology PACS, Oncology PACS, Dental PACS, and RIS.
By Component: Software, Hardware, and Services.
By Deployment: On-Premise, Web-Based and Cloud-Based.
By End User: Hospital, Diagnostic Centers, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (APAC) (China, Japan India, South Korea, Australia and New Zealand, and Rest of APAC), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (RoW) (Middle East and Africa).

Key Takeaways

  • North America dominated the PACS and RIS Market in 2020 owing to the rising health care demand and substantial government interventions for research and development. The PACS and RIS Market scope for different regions will be provided in the final report.
  • Increasing adoption of digital pathology and affordable price of new generation PACS software are likely to aid the market growth of the PACS and RIS Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the PACS and RIS Market report.
  • High cost of PACS and RIS along with the increasing concerns regarding data safety in the healthcare sector owing to the cyber-attacks are poised to create hurdles for the PACS and RIS Market.

PACS and RIS Market Segment Analysis - By Product

Oncology PACS held the largest share in the PACS and RIS Market in 2020 and is estimated to grow at a CAGR 7.2% during the forecast period 2021-2026. The largest share is attributed to the advancements in imaging technology. PACS radiation therapy for oncology offers a server class system that provides access from virtually any location and it is flexible solution to keep increasing volumes of data and images readily accessible while the patients are under treatment. It provides deep archive to meet the data storage challenges in radiation in oncology and it is also scalable so that it can grow with increasing needs and offers centralized processing to provide all users the power of the professional server. Oncologists can seamlessly move between image and case review using both portal images and datasets. The clinical benefit of using web based cardiology PACS is the ability for the cardiologists and supporting staffs to conduct their daily duties from one system instead of several disparate system requiring a separate workstation. Oncology PACS is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

PACS and RIS Market Segment Analysis - By Deployment

Online Based PACS held the largest share in the PACS and RIS Market in 2020 and is estimated to grow at a CAGR 5.8% during the forecast period 2021-2026. The largest share is attributed to the fact that it represents a ground breaking development and are hosted off site by the cloud PACS vendor. The storage and features of cloud based PACS are provided by the cloud PACS servers. The computer network is greatly broadened in cloud based PACS and so the scope of devices that can act as display stations is much wider. Local PACS can be replaced with cloud based PACS as it can cut costs significantly. Using cloud based PACS in radiology departments prevents storage overload from happening. The unlimited distribution of underlying application of web based PACS is its main advantage. Web Based PACS is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

PACS and RIS Market Segment Analysis - By Geography

North America dominated the PACS and RIS Market with the major share of 38.6% in 2020. This is owing to the technological advancements and rising healthcare demand. The increasing prevalence of diseases and the need for data management along with the substantial government intervention for research and development is also increasing the growth of the market in this region. However, Europe is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the widespread application of PACS in hospitals and clinics as it replaces the hard copies of images into digital storage.


PACS and RIS Market Revenue Share, By Geography, 2020(%)


PACS and RIS Market Drivers

Increasing Number of Cardiology Procedures

An increasing number of cardiology procedures is increasing the growth of the PACS and RIS Market. This is attributed to the fact that cardiology imaging vendors are adopting digital imaging and communication in medicine to develop commercial PACS designed for cardiology. Cardiology studies are dynamic in which a large number of images and a vast amount of data are generated which increases 20% per year. Cardiology is expected to benefit substantially from the electronic management of images owing to the large records of data it generates. Thus, increasing the growth of the PACS and RIS Market during the forecast period 2021-2026.

Developments in Diagnostic Imaging Modalities

Developments in diagnostic imaging modalities coupled with the rising number of diagnostic test procedures are increasing the growth of the PACS and RIS Market. Radiology is emerged as a trend toward computerized management in the health service owing to cost-efficient and rapid communication between radiology departments and their users. Owing to the improved health care policy and the guided protocol of medical imaging diagnosis, there has been a rise in the number of global imaging-based procedures along with the increasing requirement of consumables for tests. Thus, increasing the growth of the PACS and RIS Market during the forecast period 2021-2026.

PACS and RIS Market Challenges

High Cost of PACS and RIS

Some of the factors that are set to impede the growth of the PACS and RIS Market are the high cost of PACS and RIS along with the increasing concerns regarding the safety in the healthcare sector owing to the cyber-attacks. The problem in keeping the track of the legislative development along with the clinical and technological advancements is also set to hinder the growth of the PACS and RIS Market.

PACS and RIS Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the PACS and RIS Market. In 2020, the PACS and RIS Market share is consolidated by the top ten players present in the market. PACS and RIS Market, top 10 companies are GE Healthcare, Philips Healthcare, FujiFilm Holdings Corporation, Mckesson Corporation, Siemens Healthineers, Agfa, Merge Healthcare, and Cerner Corporation among others.

Acquisitions/Product Launches

  • In April 2020, MedInformatic launched Wait in Car, a mobile-friendly application that allows patients to wait in the safety of their automobiles for assigned medical application and it integrates with RIS and electronic health record to provide the service.

Relevant Titles:

Picture Archiving Communication System (PACS) Market - Forecast (2021 - 2026)
Report Code: ITR 0158

Ophthalmology PACS Market - Forecast 2019 – 2024
Report Code: HCR 73267

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1. PACS and RIS Market - Overview
    1.1 Definitions and Scope
2. PACS and RIS Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Component
    2.4 Key trends by End User
    2.5 Key trends by Geography
3. PACS and RIS Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. PACS and RIS Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. PACS and RIS Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. PACS and RIS Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. PACS and RIS Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. PACS and RIS Market – By Product(Market Size –$Million/$Billion)
    8.1 PACS
        8.1.1 Orthopedic PACS
        8.1.2 Cardiology PACS
        8.1.3 Oncology PACS
        8.1.4 Dental PACS
        8.1.5 Others
    8.2 RIS
9. PACS and RIS Market – By Component(Market Size –$Million/$Billion)
    9.1 Software
    9.2 Hardware
    9.3 Services
10. PACS and RIS Market – By Deployment (Market Size –$Million/$Billion)
    10.1 On-Premise
    10.2 Web-Based
    10.3 Cloud-Based
11. PACS and RIS Market – By End User(Market Size –$Million/$Billion)
    11.1 Hospital
    11.2 Diagnostic Centers
    11.3 Others
12. PACS and RIS Market - By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 Germany
        12.2.2 United Kingdom(U.K.)
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Others
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. PACS and RIS Market - Entropy
14. PACS and RIS Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. PACS and RIS Market – Key Company List by Country Premium Premium
16. PACS and RIS Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.