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The US Market for Picture Archive Communication Systems(PACS) and Radiology Information Systems (RIS) Will Grow to $3 Billion by 201013 June 2006
Waltham, MA (PRWEB) June 12, 2006 -- Millennium Research Group (MRG), the global authority on medical technology market intelligence, finds that the US market for picture archive communication systems (PACS) and radiology information systems (RIS) will grow to $3 billion by 2010. According to the new report entitled US Markets for PACS and RIS 2006, the market will experience strong growth over the forecast period, driven by the increased acceptance of PACS outside of radiology, physician demand for softcopy images, the adoption of electronic medical records, and the need for hospitals to treat a greater number of patients.
The report also finds that acquisitions dramatically changed the competitive landscape in 2005. Analyst David Plow comments, «In 2005, the competitive landscape of the cardiology PACS market changed dramatically as a result of the acquisitions of Camtronics Medical Systems, Heartlab, and MedCon by Emageon, AGFA, and McKesson, respectively. While it is too early to evaluate the full impact of these developments, it is evident that cardiology has become a focus for leading PACS vendors and that the market will become increasingly competitive over the forecast period.»
MRG's US Markets for PACS and RIS 2006 report is part of the Global Markets for PACS series, which includes analysis on Europe. The series covers various key industry competitors, such as Agfa HealthCare (AFGVF.PK), Emageon (EMAG), Fujifilm Medical Systems (FUJIY), GE Healthcare (GE), McKesson (MCK), Philips Medical Systems (PHG), and Siemens Medical Solutions (SI).
About Cardiology PACS and RIS
A stand-alone PACS is a system that both displays and stores digital information and has the ability to distribute images between the referring physician and the associated workstation. For the purposes of this report, this market consists of enterprise PACS, radiology PACS, cardiology PACS, and orthopedic PACS.
A RIS is used by radiology departments to store, manipulate, and distribute patient radiological data and imagery. This technology generally offers patient tracking and scheduling, result reporting, and image-tracking capabilities.
About Millennium Research Group
Millennium Research Group (www.MRG.net) is a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.
Source: prweb
All trademarks and copyrighted information contained herein are the property of their respective owners.
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