PACS and Teleradiology Systems Market to reach US$4.4 billion by 2010, According to New Report by Global Industry Analysts, Inc.

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Global market for PACS and teleradiology systems is projected to reach US$4.4 billion by 2010. Factors such as increasing adoption of PACS across imaging centers and small hospitals, advancing communication and enterprise technologies, and ability of PACS systems to be integrated with other imaging modalities are expected to bolster the demand scenario.

PACS and Teleradiology Systems: A Global Strategic Business Report

Picture Archiving and Communication System (PACS) is a technology centered upon leveraging computers and data communication technologies to collect, store, process, retrieve and disperse medical imaging data to hospitals and affiliated clinics geographically spread across the world. The technology is currently metamorphosing into a broad commercial application. Despite all advantages and benefits offered by PACS and teleradiology, the transition to a digital information environment is fraught with various challenges and issues such as high cost of purchasing, installing and implementing a PACS system and uncertainty over security of patient data. Teleradiology represents one of the most advanced and widely reported application areas of telemedicine. Telemedicine is progressively gaining momentum as the medical society seeks to leverage telecommunications as a medium to enhance administration and performance of medicine.

United States, Europe, and Japan dominate the global PACS and teleradiology systems market, capturing more than 88% share of sales in 2006, as stated by Global Industry Analysts, Inc. PACS Systems represent the leading segment, accounting for about 64% share of the worldwide sales in 2007. In terms of PACS acceptance in diagnostic imaging, United States leads the world market.

Computed Radiography market is projected to reach US$153 million by 2010, with increasing number of hospitals yielding to benefits of CR. In Japan, Radiology information systems market is estimated at US$98 million for 2007. Market penetration of PACS technology although gaining momentum, is less robust in Europe as compared to United States. Driven by the European healthcare community's dire need to reduce healthcare costs while simultaneously provide quality patient care and services, PACS and teleradiology in Europe presents manifold potential opportunities as the region. Europe is expected to register a CAGR of 13% over the analysis period. Teleradiology market in the region is estimated at US$143 million in 2007. Germany and United Kingdom represent key markets with significant share in Europe. In Asia-Pacific, growth in demand for PACS is likely to be driven by the cost efficient initiatives being implemented by the hospitals in the region.

Key market participants profiled in the report include Agfa-Gevaert Group, BRIT Systems, Canon Medical Systems, DR Systems, Carestream Health Inc., FUJIFILM Medical Systems USA, General Electric Medical Systems, Hitachi Medical Systems America, IBM, IMCO Technologies, Intelerad Medical Systems Inc, McKesson's Medical Imaging Group, Philips Medical Systems, and Siemens Medical Solutions.

The report titled "PACS and Teleradiology Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. Analytical estimates and projections on market size have been presented in terms of dollar sales over the years 2000 through 2010, while long-term projections are provided over the time period 2011-2015. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. The report analyzes the market across two major segments - PACS and Teleradiology. Segments analyzed include PACS (Computed Radiography, Digital Voice Dictation/Speech Recognition Systems, Image Storage and Archiving devices, Laser printers/imagers, Networking, Radiology Information Systems, Workstations and Viewing Stations, and X-ray film scanners/digitizers), and Teleradiology. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, and Latin America.

For more details of this research report please visit http://www.strategyr.com/PACS_and_Teleradiology_Systems_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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