Europe Patient Flow Management Market Emerging Analysis, Future Growth and Business Opportunities 2027

Publisher: The Insight Partners

The growth of the market is driven by the factors such as, affordable price of new generation PACS software and rising prevalence of dental diseases. However, the market is likely to slower down its growth due to concerns regarding data privacy in the region.

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PACS during the previous years were expensive; also, the software has evolved significantly during recent years. The PACS systems available are mostly cloud-based, enabling flexible access to images. Also, cloud-based PACS have various copies of your data stored, which are also prevented by unethical attacks. Also, modern PACS are available at a much affordable price as compared to its older versions. Pricing highly varies based on various parameters such as volume or studies, size of the practice, and particular integrations needed.

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However, an on-site PACS 1,000 studies a month costs not less than $10,000 with annual maintenance as well as support fees of $2,000. However, a cloud-based PACS would cost more compared to on-site one. Ideally, the price of the software is almost $1,500 per month, excluding the initial setup and an internet capable viewing station or personal computer. Five years of cloud and support for a practice of this size costs approximately $90,000. However, during recent years, the cost of a terabyte of disk storage, capable of storing about 10,000 MRI studies was around $1,240 during the year 2006, however, at present, the storage costs have reduced to almost $20. The availability of PACS at an affordable rate as compared to the previous versions is expected to fuel the growth of the PACS and RIS market.

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US is expected to lead the market in the North America region owing to rising prevalence of the cancer, large number of imaging centers in this region, swift pace of technological advancements, growing geriatric population and increasing demand for computer aided diagnosis, are some of the key growth drivers of this market. Further, rising incidence of various types’ cardiovascular, neurological, oncological indications is also spurring the market growth at an exponential rate. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the North America region during the forecast period.

NORTH AMERICA PACS AND RIS – MARKET SEGMENTATION

By Product
   • Picture Archiving And Communication System (PACS)
       o Dental PACS
       o Cardiology PACS
       o Oncology PACS
       o Orthopedic PACS
       o Others
  • Radiology Information System (RIS)

By Component
  • Hardware
  • Software
  • Services
 
By Deployment
  • Web-Based
  • On-Premise
  • Cloud-Based

By End User
  • Hospitals
  • Diagnostic Centers
  • Other End Users

By Geography
  • North America
  • US
  • Canada
  • Mexico

Company Profiles
  • McKesson Corporation
  • General Electric
  • Fujifilm Holdings Corporation
  • Koninklijke Philips N.V.
  • Siemens AG
  • Cerner Corporation
  • IBM
  • Novarad
  • Agfa-Gevaert Group
  • INFINITT Healthcare Co., Ltd.

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