The Global Radiology PACS Market is Expected to Grow at a CAGR of 4.0% From 2014 to 2019

FORT WORTH, Texas, December 9, 2014 /PRNewswire/ --

The global radiology PACS market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $1,861.0 million in 2013, and is expected to grow at a CAGR of 4.0% from 2014 to 2019.

Browse through the TOC of the global radiology PACS market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

http://www.micromarketmonitor.com/market-report/radiology-pacs-reports-4876775718.html

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Key players in the Radiology PACS Market are McKesson Corporation, Philips Healthcare (The Netherlands), Agfa HealthCare (Belgium), Siemens Healthcare (Germany), Carestream Health (U.S.) & others.

North America is the largest market for radiology PACS, globally, accounting for a share of 47.9% of the global market in 2014. The market is mainly driven by technological innovations. Also, the rising demand for this technology in the hospitals (particularly in the U.S.) fuels the market growth in this region. Furthermore, the technological advancements and interconnected PACS systems are creating new growth opportunities for this market. However, factors such as hardware specificity, high cost of the technology, and compulsory need of professional assistance may act as restraints to the growth of this market.

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The global radiology PACS market is segmented and forecast on the basis of components and deployments. The components segment comprise of hardware, software, and services, while the deployments are public-cloud, private-cloud, and on-premises. On the basis of products, the market has been segmented into integrated and standalone radiology PACS. The market is further segmented and forecasted on the basis of major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market is also segmented and analyzed on the basis of the end-users.

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The North American radiology PACS market was valued at $898.8 million in 2013, and is expected to grow at a CAGR of 3.1% from 2014 to 2019. North America leads the global market accounting to 48% of market share. The U.S. solely holds around 90% share of the total North American radiology PACS market.

http://www.micromarketmonitor.com/market/north-america-radiology-pacs-9340382471.html

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