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Report: Essential source of data and analysis on the US PACS market

Published on October 29, 2009 at 5:55 AM · No Comments

Research and Markets (http://www.researchandmarkets.com/research/ee9e90/us_picture_archivi) has announced the addition of GlobalData 's new report "US Picture Archiving and Communication Systems (PACS) Market: Increasing Adoption to Drive Growth" to their offering.

US Picture Archiving and Communication Systems (PACS) Market: Increasing Adoption to Drive Growth

GlobalData's "US Picture Archiving and Communication Systems (PACS) Market: Increasing Adoption to Drive Growth" report is an essential source of data and analysis on the US PACS market. The report provides market landscape, competitive landscape and market trends information on the US PACS market. The report identifies the key trends shaping and driving the dynamism in the US PACS market. It also provides insight into the prevalent competitive landscape and on the emerging players that are expected to bring significant shift in the market standing of the existing leaders. In addition, the report analyses the M&A landscape with special focus on the market participants that have been the most M&A active. The report also provides valuable insight into pipeline products within the US PACS market.

The US PACS Market is Forecast to Double in Size by 2015

The US Picture Archiving and Communication System (PACS) market, valued at $1 billion in 2008, is forecast to grow by 13% annually for the next seven years to reach $2.5 billion in 2015. Growth in the market is being driven primarily by increasing adoption by small (less than 100 beds) and medium sized hospitals (100-300 beds) and by the replacement of legacy PACS by large hospitals. The need to cut costs and to increase efficiency is increasing uptake among the small and medium sized hospitals. Single desktop solutions, advanced clinical applications and integrated seamless Radiology Information Systems (RIS)/PACS functionality is leading to increased number of large hospitals looking for replacing their old PACS.

Picture Archiving and Communication Systems Market, US, Revenues($m), 2008 - 2015

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