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Report on PACS Prolific Market Penetration

May 3, 2007
by root
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A growing number of healthcare professionals across the globe now view picture archiving and communications systems (PACS) as a core technology, according to a report by independent market analyst Datamonitor (DTM.L), London.

The report, entitled "Digital Imaging: Reducing Medical Error and Improving Diagnostics," predicts the PACS market in Europe and North America will reach a value of $8.6 billion by 2011 compared to an estimated $4.9 billion today.

According to Datamonitor, cost savings, time efficiency, penetration into other industry sectors, and a higher level of patient care are driving market growth. The company also contends that keeping costs down will continue to play a role in penetrating smaller institutions and immature markets.

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