PACS is Back, Says New Market Report
After three years of decline, the PACS market outlook is positive through 2017 says a new Frost & Sullivan report on the North American radiology image and information management systems market. PACS along with RIS is a mature market where new purchases are driven by upgrades to older systems. As the recession kicked in in 2008, the North American PACS market slowed dramatically. According to the report's executive summary, this trend was triggered by financially stressed hospitals postponing upgrades. In addition, there was oversaturation in the PACS market, a lengthening of the replacement cycle in the large-scale PACS market, and pricing pressures and provider consolidation in smaller segments. Now, the report finds, these factors have largely run their course and radiology PACS are "recovering their role as a productivity workhorse for the imaging enterprise." Access the report "Analysis of the North American Radiology Image and Information Management Systems Market”.