South and Central America PACS and RIS Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (PACS and RIS), Component (Hardware, Software, and Services), Deployment (Web-Based, On-Premise and Cloud-Based), End User (Hospitals, Diagnostic Centers, Research & Academic Institutes, and Others)

TIPRE00022524 | Pages: 128 | Healthcare IT | May 2021 | Type: Regional | Status: Published

Market Introduction

The picture archiving and communication system (PACS) manages, retrieves, stores, and distributes the medical images. In the area of radiology, it is used for sharing and viewing diagnostic images. A radiology information system (RIS) is a software system used for handling medical images and other associated data. RIS retains track of radiology imaging orders and data of bills. It is used along with PACS and vendor-neutral archives (VNAs). RIS manages image archives, keeps records, and billing.

Thus, the affordable price of new generation PACS software is expected to create a significant demand for PACS and RIS in the coming years, which is further anticipated to drive the PACS and RIS market.

South and Central America is facing significantly challenging situations due to COVID 19 pandemic. Governments in the region have announced massive relief packages in order to fight against coronavirus pandemic. The Brazilian scenario in relation to the radiological imaging for COVID 19 patient’s diagnosis supports the market growth. During this pandemic the need for intensive support and accurate diagnostic imaging systems has increased the need for PACS and RIS, in both public and private hospitals. Similar situation was observed in Argentina, Peru, Chile and other South and Central American countries that eventually increased the need for Radiology Information System and Picture Archiving and Communication System thereby positively impacting the growth of PACS and RIS market during the pandemic. For instance, in April 2020, PaxeraHealth one of the major market player in South America region launched initiative called as CoronaCare a complete tracking system for patients with COVID-19-like symptoms that is designed to screen and identify the highest risk patients quickly in real-time.

 


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Market Overview and Dynamics

The PACS and RIS market in South and Central America is expected to grow from US$ 107.9 million in 2019 to US$ 183.9 million by 2027; it is estimated to grow at a CAGR of 6.8% from 2020 to 2027. The use of PACS over the conventional hard-copy images provides various advantages for patients and also increases the efficiency of operation in hospitals. PACS are used in hospitals, whereas in traditional paper-based systems, orthopedic films are prone to be misplaced and lost. It is leading to longer examination time, increasing the patient waiting lists, one of the pivotal problems facing the healthcare system. Also, the implementation of PACS facilitates real-time access to patients’ medical records and enables retrieval of historical information for off-site consultations. Hence, PACS helps in providing appropriate treatment for patients, offering significant growth opportunity for the market during the coming years.

 

Key Market Segments

In terms of product, the picture archive and communication system (PACS) segment accounted for the largest share of the South and Central America PACS and RIS market in 2019. In terms of component, the software segment held a larger market share of the PACS and RIS market in 2019. In terms of deployment, the web-based segment held a larger market share of the PACS and RIS market in 2019. In terms of end user, the hospitals segment held a larger market share of the PACS and RIS market in 2019.

 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the PACS and RIS market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Agfa-Gevaert Group, INFINITT Healthcare Co., Ltd., Cerner Corporation, General Electric Company, Koninklijke Philips N.V., FUJIFILM Holdings Corporation, Siemens AG, IBM, and Novorad.

 

Reasons to buy report

  • To understand the South and Central America PACS and RIS market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America PACS and RIS market
  • Efficiently plan M&A and partnership deals in South and Central America PACS and RIS market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America PACS and RIS market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.

 

SOUTH AND CENTRAL AMERICA PACS AND RIS MARKET SEGMENTATION

By Product

  • Picture Archiving And Communication System (PACS)
  • Radiology Information System (RIS)

 

By Component

  • Hardware
  • Software
  • Services

 

By Deployment

  • Web-Based
  • On-Premise
  • Cloud-Based

 

By End User

  • Hospitals
  • Diagnostic Centers
  • Others

 

By Country

  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

 

Companies Mentioned

  • Agfa-Gevaert Group
  • INFINITT Healthcare Co., Ltd.
  • Cerner Corporation
  • General Electric Company
  • Koninklijke Philips N.V.
  • FUJIFILM Holdings Corporation
  • Siemens AG
  • IBM
  • Novorad

 

 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        PACS and RIS Market – By Product

1.3.2        PACS and RIS Market – By Component

1.3.3        PACS and RIS Market – By Deployment

1.3.4        PACS and RIS Market – By End User

1.3.5        South and Central America PACS and RIS Market – By Country

2.           South and Central America PACS and RIS Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           South and Central America PACS and RIS Market – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        PACS and RIS Market- South and Central America PEST Analysis

4.3         Expert Opinion

5.           South and Central America PACS and RIS Market - Key Market Dynamics

5.1         Market Drivers

5.1.1        Developments in Diagnostic Imaging Modalities Coupled with Rising Number of Diagnostic Tests Procedures

5.1.2        Affordable Price of New Generation PACS Software

5.2         Market Restraints

5.2.1        Availability of Better Substitutes

5.2.2        Concerns Regarding Data Privacy

5.3         Market Opportunities

5.3.1        Increasing Demand for Orthopaedic PACS

5.4         Market Trends

5.4.1        Technology Advancement and New Product Launches

5.5         Impact Analysis

6.           PACS and RIS Market – South and Central America Analysis

6.1         South and Central America PACS and RIS Market Revenue Forecasts and Analysis

7.           South and Central America PACS and RIS Market Analysis and Forecasts To 2027 – By Product

7.1         Overview

7.2         South and Central America PACS and RIS Market, By Product, 2019 & 2027 (% Share)

7.3         Picture Archive and Communication System (PACS) Market

7.3.1        Overview

7.3.2        South and Central America Picture Archive and Communication System (PACS) Market Revenue and Forecasts to 2027 (US$ Mn)

7.4         Radiology Information System (RIS) Market

7.4.1        Overview

7.4.2        South and Central America Radiology Information System (RIS) Market Revenue and Forecasts to 2027 (US$ Mn)

8.           South and Central America PACS and RIS Market Analysis and Forecasts To 2027 – By Component

8.1         Overview

8.2         South and Central America PACS and RIS Market, By Component, 2019 & 2027 (% Share)

8.3         Software Market

8.3.1        Overview

8.3.2        South and Central America Software Market Revenue and Forecasts to 2027 (US$ Mn)

8.4         Hardware Market

8.4.1        Overview

8.4.2        South and Central America Hardware Market Revenue and Forecasts to 2027 (US$ Mn)

8.5         Services Market

8.5.1        Overview

8.5.2        South and Central America Services Market Revenue and Forecasts to 2027 (US$ Mn)

9.           South and Central America PACS and RIS Market Analysis and Forecasts To 2027 – By Deployment

9.1         Overview

9.2         South and Central America PACS and RIS Market, By Deployment 2019 & 2027 (% Share)

9.3         Web-Based Market

9.3.1        Overview

9.3.2        South and Central America Web-Based Market Revenue and Forecasts to 2027 (US$ Mn)

9.4         On-Premise Market

9.4.1        Overview

9.4.2        South and Central America On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)

9.5         Cloud-Based Market

9.5.1        Overview

9.5.2        South and Central America Cloud-Based Market Revenue and Forecasts to 2027 (US$ Mn)

10.        South and Central America PACS and RIS Market Analysis and Forecasts to 2027– By End User

10.1      Overview

10.2      South and Central America PACS and RIS Market, By End User, 2019 & 2027 (% Share)

10.3      Hospitals Market

10.3.1     Overview

10.3.2     South and Central America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)

10.4      Diagnostic Centers Market

10.4.1     Overview

10.4.2     South and Central America Diagnostic Centers Market Revenue and Forecasts to 2027 (US$ Mn)

10.5      Others Market

10.5.1     Overview

10.5.2     South and Central America Others Market Revenue and Forecasts to 2027 (US$ Mn)

11.        PACS and RIS Market Revenue and Forecasts to 2027 – Geographical Analysis

11.1      South And Central America PACS and RIS Market Revenue And Forecasts To 2027

11.1.1     South and Central America PACS and RIS Market Revenue And Forecasts to 2027, By Country (%)

11.1.2     Argentina PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.2.1       Argentina PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.2.2       Argentina PACS and RIS Market Revenue And Forecasts to 2027, By Product (US$ Mn)

11.1.2.3       Argentina PACS and RIS Market Revenue And Forecasts to 2027, By Component (US$ Mn)

11.1.2.4       Argentina PACS and RIS Market Revenue And Forecasts to 2027, By Deployment (US$ Mn)

11.1.2.5       Argentina PACS and RIS Market Revenue And Forecasts to 2027, By End User (US$ Mn)

11.1.3     Brazil PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.3.1       Brazil PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.3.2       Brazil PACS and RIS Market Revenue And Forecasts to 2027, By Product (US$ Mn)

11.1.3.3       Brazil PACS and RIS Market Revenue And Forecasts to 2027, By Component (US$ Mn)

11.1.3.4       Brazil PACS and RIS Market Revenue And Forecasts to 2027, By Deployment (US$ Mn)

11.1.3.5       Brazil PACS and RIS Market Revenue And Forecasts to 2027, By End User (US$ Mn)

11.1.4     Rest of South and Central America: PACS and RIS Market – Revenue and Forecast to 2027 (USD Million)

11.1.4.1       Rest of South and Central America PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.4.2       Rest of South and Central America PACS and RIS Market Revenue And Forecasts to 2027, By Product (US$ Mn)

11.1.4.3       Rest of South and Central America PACS and RIS Market Revenue And Forecasts to 2027, By Component (US$ Mn)

11.1.4.4       Rest of South and Central America PACS and RIS Market Revenue And Forecasts to 2027, By Deployment (US$ Mn)

11.1.4.5       Rest of South and Central America PACS and RIS Market Revenue And Forecasts to 2027, By End User (US$ Mn)

12.        Impact Of COVID-19 Pandemic on South and Central America PACS and RIS Market

12.1      South and Central America: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Overview

13.2      Inorganic Growth Strategies

13.2.1     Overview

13.3      Inorganic Growth Strategies in the PACS and RIS Market, 2017-2020 (%)

13.3.1     Collaborations

13.3.1.1       Recent Collaborations By Players In The PACS and RIS Market

13.3.2     Agreements, Partnerships and Joint Ventures

13.3.2.1       Recent Agreements, Partnerships And Joint Ventures By Players In The PACS and RIS Market

13.3.3     Acquisitions

13.3.3.1       Recent Acquisitions By Players In The PACS and RIS Market

13.4      Organic Growth Strategies

13.4.1     Overview

13.5      Organic Growth Strategies in the PACS and RIS Market, 2017-2020 (%)

13.5.1     Product Launches

13.5.1.1       Recent Product Launches By Players In The PACS and RIS Market

13.5.2     Product Approval & Other Organic Growth Strategies

13.5.2.1       Recent Product Approval & Other Organic Growth Strategies By Players In The PACS and RIS Market

14.        Company Profiles

14.1      Agfa-Gevaert Group

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Financial Overview

14.1.4     Product Portfolio

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      INFINITT Healthcare Co., Ltd.

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Financial Overview

14.2.4     Product Portfolio

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      Cerner Corporation

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Financial Overview

14.3.4     Product Portfolio

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      General Electric Company

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Financial Overview

14.4.4     Product Portfolio

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Koninklijke Philips N.V.

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Financial Overview

14.5.4     Product Portfolio

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      FUJIFILM Holdings Corporation

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Financial Overview

14.6.4     Product Portfolio

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Siemens AG

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Financial Overview

14.7.4     Product Portfolio

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      IBM

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Financial Overview

14.8.4     Product Portfolio

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      Novarad

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Financial Overview

14.9.4     Product Portfolio

14.9.5     SWOT Analysis

14.9.6     Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Glossary of Terms

 

LIST OF TABLES

Table 1.             Argentina PACS and RIS Market Revenue and Forecasts to 2027, By Product (US$ Mn)

Table 2.             Argentina PACS and RIS Market Revenue and Forecasts to 2027, By Component (US$ Mn)

Table 3.             Argentina PACS and RIS Market Revenue and Forecasts to 2027, By Deployment (US$ Mn)

Table 4.             Argentina PACS and RIS Market Revenue and Forecasts to 2027, By End user (US$ Mn)

Table 5.             Brazil PACS and RIS Market Revenue and Forecasts to 2027, By Product (US$ Mn)

Table 6.             Brazil PACS and RIS Market Revenue and Forecasts to 2027, By Component (US$ Mn)

Table 7.             Brazil PACS and RIS Market Revenue and Forecasts to 2027, By Deployment (US$ Mn)

Table 8.             Brazil PACS and RIS Market Revenue and Forecasts to 2027, By End User (US$ Mn)

Table 9.             Rest of South and Central America PACS and RIS Market Revenue and Forecasts to 2027, By Product (US$ Mn)

Table 10.          Rest of South and Central America PACS and RIS Market Revenue and Forecasts to 2027, By Component (US$ Mn)

Table 11.          Rest of South and Central America PACS and RIS Market Revenue and Forecasts to 2027, By Deployment (US$ Mn)

Table 12.          Rest of South and Central America PACS and RIS Market Revenue and Forecasts to 2027, By End User (US$ Mn)

Table 13.          Recent Collaborations by Players in The PACS and RIS Market

Table 14.          Recent Agreements, Partnerships and Joint Ventures by Players in The PACS and RIS Market

Table 15.          Recent Acquisitions by Players in The PACS and RIS Market

Table 16.          Recent Product Launches in the PACS and RIS Market

Table 17.          Recent Product Approval & Other Organic Growth Strategies in the PACS and RIS Market

Table 18.          Glossary of Terms, PACS and RIS Market

LIST OF FIGURES

Figure 1.           PACS and RIS Market Segmentation

Figure 2.           South and Central America PACS and RIS Market Overview

Figure 3.           Picture Archive and Communication System (PACS) Segment Held Largest Share of Product in PACS and RIS Market

Figure 4.           Software Segment Held Largest Share of Component in PACS and RIS Market

Figure 5.           Brazil is Expected to Show Remarkable Growth During the Forecast Period

Figure 6.           PACS and RIS Market - South and Central America PEST Analysis

Figure 7.           PACS and RIS Market Impact Analysis of Driver and Restraints

Figure 8.           South and Central America PACS and RIS Market – Revenue Forecasts and Analysis – 2019- 2027

Figure 9.           South and Central America PACS and RIS Market, by Product, 2019 & 2027 (% Share)

Figure 10.        South and Central America Picture Archive and Communication System (PACS) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 11.        South and Central America Radiology Information System (RIS) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 12.        South and Central America PACS and RIS Market, by Component, 2019 & 2027 ((% Share)

Figure 13.        South and Central America Software Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.        South and Central America Hardware Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.        South and Central America Services Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.        South and Central America PACS and RIS Market, By Deployment, 2019 & 2027 (% Share)

Figure 17.        South and Central America Web-Based Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 18.        South and Central America On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.        South and Central America Cloud-Based Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.        South and Central America PACS and RIS Market, By End User, 2019 & 2027 (% Share)

Figure 21.        South and Central America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22.        South and Central America Diagnostic Centers Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.        South and Central America Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.        South and Central America PACS and RIS Market Revenue Overview, by Country, 2019 (US$ MN)

Figure 25.        South and Central America PACS and RIS Market Revenue and Forecasts to 2027, By Country (%)

Figure 26.        Argentina PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 27.        Brazil PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28.        Rest of South and Central America PACS and RIS Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29.        Impact of COVID-19 Pandemic in South and Central America Country Markets

Figure 30.        Growth Strategies Done by the Companies in the Market, (%)

Figure 31.        Inorganic Developments in the PACS and RIS Market, 2017-2020 (%)

Figure 32.        Organic Growth Strategies in the PACS and RIS Market, 2017-2020 (%)

 

 

 

  1. Agfa-Gevaert Group
  2. INFINITT Healthcare Co., Ltd.
  3. Cerner Corporation
  4. General Electric Company
  5. Koninklijke Philips N.V.
  6. FUJIFILM Holdings Corporation
  7. Siemens AG
  8. IBM
  9. Novarad
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South and Central America PACS and RIS market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South and Central America PACS and RIS market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the PACS and RIS market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
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