Dallas, TX -- (SBWire) -- 09/26/2011 --PACS stands for picture archiving and communication system. PACS has helped in reducing the physical and time barriers associated with traditional film-based image retrieval, distribution, and display. PACS is finding widespread application in hospitals and clinics as it eliminates the need of maintaining hard copies of images and replaces them with digital storage. Market for PACS solutions is growing at a faster rate as healthcare providers are finding it difficult to remain competitive without PACS. Most of the players who are offering PACS to larger hospitals are now targeting small hospitals and diagnostic centers. The Global PACS market is estimated at $2.5 Billion in 2010 and is expected to grow at a CAGR of 14.9% and reach $5 Billion.
Radiology Information System (RIS) is a database which is used in storing, manipulating, and distributing patient radiological data and related images. RIS comprises of a patient tracking and scheduling system, a result reporting, and an image tracking system. RIS when integrated with HIS (Hospital Information System) and other databases improves the workflow. Introduction of new technologies, wide range of applications are driving the market. The Global market is estimated at $2.3 Billion in 2010 and is expected to grow at a CAGR of 14.9% to reach $4.5 Billion in by 2015.
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Picture Archiving and Communication System (PACS) and Radiology Information Systems (RIS) Market (2011-2016)