Slow Growth Pattern Persists in the Picture Archiving and Communication System and Integrated Radiology Information System/PACS Market

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• Publié par: frost-sullivan
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• Langue: English

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Slow Growth Pattern Persists in the Picture Archiving and Communication System and Integrated Radiology Information System/PACS Market

PR Newswire MOUNTAIN VIEW, California, Sept. 12, 2012

- The industry reverts to a slightly positive growth track starting in the latter part of 2012 MOUNTAIN VIEW, California,Sept. 12, 2012/PRNewswire/ -- The historically sustained growth in the radiology informatics market, continued thanks to solid annual growth in radiology picture archiving and communication systems (PACSs), finally reversed to negative territory for three consecutive years, from 2009 to 2011. During this period, revenue growth was pulled down by unfavorable macroeconomic factors including market saturation, lengthening replacement cycles and the focus of healthcare IT enterprises on electronic health record (EHR) related projects. However, the persisting need of medical imaging providers for new advanced system capabilities that reinforce the clinical, IT as well as the value proposition of the imaging enterprise to internal stakeholders and patients is warranting the replacement of legacy systems and the adoption of next generation image and information management platforms. New analysis from Frost & Sullivan's (http://www.medicalimaging.frost.com) Analysis of the North American Radiology Image and Information Management Systems Marketresearch finds that the market earned revenues of$1.1 billionin 2011 and estimates this to reach$1.4 billionin 2018. The current dynamics in the radiology IT marketplace suggest that market revenues will revert to a steady but very slow growth path as the field embarks slowly but surely on a new wave of system replacements. If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at [e-mail], with your full name, company name, job title, telephone number, company email address, company website, city, state and country. An unfavorable growth landscape continues to prevail in the radiology informatics market space, owing to the slowing of imaging procedure volume growth and declining reimbursement levels over the last few years. In this context, radiology informatics vendors must readjust their business operations to their customer's reality of narrower profit margins and less capital-intensive revenue streams. As the industry continues to consolidate around a few key successful vendors catering to the large-scale end of the market, industry fragmentation is still intensifying in the smaller-scale segments. "As vendors in the consolidated PACS industry strive to revive past growth synergies in the radiology informatics market, imaging providers are only slowly buying into the value proposition of new generation systems," said Frost & Sullivan Principal Analyst Nadim Daher."In a market where PACS penetration is expected to cross the 90 percent mark across all imaging providers in 2014,