Global PACS, RIS, CVIS markets could reach $5B

As healthcare providers strive to develop more effective means of improving efficiency and reducing costs, the global PACS, RIS, and cardiovascular information system (CVIS) markets are expected to grow by more than $1 billion over the next five years, according to a new study by market research firm InMedica.

The report also noted rising demand for PACS, RIS, and CVIS software to be incorporated into hospital IT systems. In addition, growing hospital consolidation, demand for advanced reporting analytics, and managed service business models are all driving growth in the PACS, RIS, and CVIS markets worldwide.

In 2010, the installed base for radiology PACS was estimated to be 23% of the total available market. InMedica forecasts that total to reach 42% by 2016.

The radiology IT market is reaching maturity in several developed countries, with the large-scale market in North America projected to reach saturation by 2015.

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