Global PACS and RIS Market By Product (PACS, RIS), By Component (Software, Hardware, Services), By Deployment Modes (Web-Based, On-Premise, Cloud-Based), By End-Users (Hospitals, Diagnostic Centers, Other End-Users), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

PACS and RIS Market Overview

The PACS and RIS Market are projected to reach a valuation of USD 7,634.20 Mn by 2032 at a CAGR of 8.6%, from USD 2,836.65 Mn in 2021.

Medical images are managed, retrieved, stored, and distributed using a Picture Archiving and Communication System (PACS). It is used in radiology to share and view diagnostic images. A Radiology Information System (RIS) is a computer program that manages medical images and other data. A RIS keeps track of bill data and radiology imaging orders. It’s utilized in conjunction with PACS and Vendor-Independent Archives (VNAs). RIS is in charge of image archives, record keeping, and billing.

Detailed Segmentation

The global PACS and RIS market is segmented based on – Product Types, Component Types, Deployment Modes, End-Users, and regions. Represented below is a detailed segmental description:

Based on Product Types:

• PACS
  • Orthopedic PACS
  • Cardiology PACS
  • Oncology PACS
  • Dental PACS
  • Others
• RIS

Based Component Types:

• Software
• Hardware
• Services

Based Deployment Modes:

• Web-Based
• On-Premise
• Cloud-Based

Based End-Users:

• Hospitals
• Diagnostic Centers
• Other End-Users

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics

Drivers for the Global PACS and RIS Market:

This market has continued to expand due to an increase in the number of cardiac operations being undertaken. This is because cardiology imaging companies are including digital imaging and communication in their commercial PACS for cardiology. Cardiology investigations are dynamic in that they generate a vast number of images and a huge amount of data, which grows by 20% annually.

Because of the vast amounts of data it generates, cardiology will likely gain greatly from electronic image management. As a result, the revenue trajectory of this market is expected to surge over the forecast period.

Because of the cost-effective and speedy communication between radiology departments and their users, there has been an increase in computerized management in radiology in the healthcare sector.

Owing to the guided protocol of medical imaging diagnosis and improved healthcare policies, there has been a surge in the number of worldwide imaging-based procedures with the increasing requirement for test consumables. These are certain factors that will help augment this market in the years to come.

Restraints for the Global PACS and RIS Market:

The high cost of PACS and RIS, as well as increasing concerns about the safety of the healthcare industry from cyber-attacks, are some of the factors that could potentially stymie this market’s economic growth. The inability to keep up with regulatory changes and clinical and technological improvements are also expected to hinder this market’s economic growth.

Competitive Landscape

• GE Healthcare
• Philips Healthcare
• FujiFilm Holdings Corporation
• Mckesson Corporation
• Siemens Healthineers
• Agfa HealthCare India Pvt. Ltd.
• Merge Healthcare
• Cerner Corporation
• Others

Key Developments:

Year 2020:

In April 2020, MedInformatix launched the ‘Wait in Car’ app, a mobile-friendly application that allows individuals to wait for assigned medical applications in the comfort of their cars. It connects with RIS and electronic health records to deliver a service.

For the PACS and RIS Market research study, the following years have been considered to estimate the market size: