The global Pacs and Ris Market is estimated to be valued at US$ 3,657 Mn or Million in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis:-

·         Strengths:

-          Provides efficient management and faster access to medical images and patient records.

-          Helps improve workflow efficiency and productivity of radiologists.

·         Weaknesses:

-          High upfront costs associated with installation and maintenance of PACS and RIS systems.

-          Issues related to data security and privacy risks with patient health records stored digitally.

·         Opportunities:

-          Growing demand for effective imaging solutions due to increasing burden of chronic diseases and medical imaging procedures.

-          Rising investments and adoption of cloud-based models that provide flexibility and scalability.

·         Threats:

-          Competition from free and open-source radiology software.

-          Shortage of trained radiologists impacting effective use of advanced imaging solutions.

Key Takeaways:-

The Global Pacs And Ris Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period 2023 to 2030, due to increasing chronic diseases prevalence and rising medical imaging procedures globally. North America is expected to dominate the global Pacs And Ris Market owing to well-established healthcare infrastructure, high adoption of digital healthcare technologies and presence of key market players in the region. Key players operating in the Pacs And Ris Market are Philips Healthcare, Cerner Corporation, Agfa Healthcare, Fujifilm Holdings Corporation, Allscripts Healthcare Solutions Inc., Sectra, Epic Systems Corporation, General Electric Company, Siemens AG, McKesson Corporation, Wellbeing Software, Merge Healthcare Incorporated, Medinformatix Inc., eRAD, Inc., and RamSoft Inc.

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