Overview
RIS (Radiology Information System) is a software application that converts images from a physical medium into a digital format. It provides accurate billing information and facilitates paperless payments to payers. The combined system also allows for easier access to patient data and a faster turnaround time. RIS and PACS (Picture Archiving and Communication System) integration is a key feature of integrated EMR and PACS. It creates a common database and a desktop interface, which are essential for seamless data exchange. In addition, clinical facilities often use RIS and PACS from different vendors. To integrate these two systems, a broker interface is used. This software reconciles the multiple databases and converts HL7 from one RIS vendor to DICOM from another.
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Competitive Landscape
Major companies contributing to the global PACS and RIS market include General Electric Company, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., Wellbeing Software, Agfa Healthcare, Medinformatix Inc., Philips Healthcare, RamSoft Inc., Cerner Corporation, eRAD, Inc., Fujifilm Holdings Corporation, Merge Healthcare Incorporated, Sectra, McKesson Corporation, and Siemens AG.
Drivers
Growing demand for cloud-based storage solutions across the healthcare sector amidst burgeoning structured/unstructured data due to increasing patient admissions in hospitals is expected to augment the growth of the PACS and RIS market during the forecast period.
Furthermore, wider acceptance of PACS owing to its time-saving benefits in managing critical patients is expected to supplement growth of the PACS and RIS market over the forecast period.
The Epitome of the COVID-19 Aftermath
The global PACS and RIS market has responded positively to the prevalence of the COVID-19 pandemic. Governments across the globe have started to emphasize on the importance of providing quality healthcare services with the adoption of advanced solutions for patient care. With the emergence of new C-19 variants, the market seems to have a long road ahead for expansion.
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Key Takeaways
- The PACS and RIS market is anticipated to grow at a CAGR of 6.8% during the forecast period owing to the rapid digitalization of the healthcare sector and growing hospital admissions. For instance, in December 2021, AbbaDox, a major cloud-based RIS provider, partnered with Zadara to develop PACS-as-a-Service solutions for RIS providing firms using the Zadara Edge Cloud service.
- Considering the territorial landscape, the North American region is cementing itself as a reckoning force in the global PACS and RIS market on the heels of rapid adoption of data management solutions across the healthcare sector, the presence of major players providing cloud-based storage services, and a high prevalence of chronic disorders.
- Also standing out in the global PACS and RIS market is the Asia Pacific region, which is driven by a booming SaaS (Software-as-a-Service) industry, increasing support from the government, and a large patient pool.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global PACS and RIS Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: PACS and RIS Industry Impact
Chapter 2 Global PACS and RIS Competition by Types, Applications, and Top Regions and Countries
2.1 Global PACS and RIS (Volume and Value) by Type
2.3 Global PACS and RIS (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global PACS and RIS Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America PACS and RIS Market Analysis
Chapter 6 East Asia PACS and RIS Market Analysis
Chapter 7 Europe PACS and RIS Market Analysis
Chapter 8 South Asia PACS and RIS Market Analysis
Chapter 9 Southeast Asia PACS and RIS Market Analysis
Chapter 10 Middle East PACS and RIS Market Analysis
Chapter 11 Africa PACS and RIS Market Analysis
Chapter 12 Oceania PACS and RIS Market Analysis
Chapter 13 South America PACS and RIS Market Analysis
Chapter 14 Company Profiles and Key Figures in PACS and RIS Business
Chapter 15 Global PACS and RIS Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
Continued….
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