Significant opportunities are present in the European PACS market for vendors who can provide customized products and services that support enhanced workflow.
That observation comes from a new report by market research firm Frost & Sullivan of San Antonio. The study estimates that the European PACS market was worth $590.3 million (U.S.) in 2007 and could reach $1.03 billion in 2014.
The market for PACS, although mature in some parts of the region, such as northern Europe, could accelerate with "sizeable capital investment" and the "advantages of having a good data management system," the report noted.
Customizing PACS projects, though lucrative, is stretching vendors' capabilities, the study added. The provision of open architecture due to the increasing sophistication and complexity of software also presents a challenge to market participants.
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