– PACS and RIS market is projected to gain promising growth avenues during 2019 to 2027. Growing focus of government bodies toward digitization of products together with increased health concerns are likely to spur sales of market.
– Market will show rapid expansion in North America owing to presence of sturdy healthcare sector.
ALBANY, N.Y., July 14, 2021 /PRNewswire/ — PACS refers to a picture archiving and communication system. It can be defined as a medical imaging technology that offers easy access to and cost-effective storage of images from manifold modalities.
RIS refers to a radiology information system. It can be defined as a computerized database mainly utilized by radiology departments for various purposes such as the storage, manipulation, and distribution of radiological data and imagery of patient.
Both the systems are increasingly employed across various end-users such as diagnostic centers, hospitals, ambulatory surgical centers, and research and academic institutes.
The global PACS and RIS market is set to expand at a promising CAGR of 5.3% from 2019–2027, states a new study by Transparency Market Research (TMR). The total valuation of market was US$ 2,633.4 Mn during 2018.
PACS and RIS Market: Key Findings
- Rising Number of Cardiology Procedure Fuels Market Sales
The organizations operating in the cardiology imaging have accepted digital imaging and communications in medicine (DICOM) standard in order to create commercial PACS particularly…