The [FURL=https://www.industryarc.com/Report/16944/pacsris-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]PACS and RIS Market[/FURL] 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.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.
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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.
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.
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.
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