Radiology PACS market slated for modest growth

The global radiology PACS market generated $1.86 billion in revenues in 2013 and is expected to grow at a compound annual growth rate (CAGR) of 4% from 2014 to 2019, according to a new report from market research firm MicroMarket Monitor.

North America remains the largest global market for radiology, generating 47.9% of the sector's sales in 2014, according to MicroMarket Monitor. The U.S. contributes approximately 90% of the overall North American radiology PACS market.

The North American radiology PACS market produced $899 million in revenues in 2013, and it's expected to grow at a CAGR of 3.1% from 2014 to 2019, the firm said.

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