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The European radiology picture archiving and communication system (PACS) market was valued at $494 million in 2012, and expected to grow at a CAGR of 4.25% to reach $634 million by 2018.
The report ‘European Radiology Picture Archiving and Communication System Market (PACS) forecast, 2012-2018’ analyzes the market based on component, delivery mode, imaging modality, and application type. In the delivery mode segment, on-premise forms the largest segment of the overall market, since it is perceived to offer better control and secure sharing of data.
Europe is the second-largest player in the global market accounting to 28% of the market. Germany holds 25% of the market share, followed by France with 20% of the European radiology picture archiving and communication system (PACS) market.
Radiology picture archiving and communication system has helped reduce the physical barriers associated with traditional film-based image retrieval, distribution, and display. The system has widespread application in hospitals and clinics, as it eliminates the need of maintaining hard copies of images and replaces them with digital storage. Cloud-based PACS solutions is the latest market development, which is expected to take a significant market share in the next 5 years.
Complete report is available @ http://www.reportsnreports.com/reports/313864-european-radiology-pacs-market-research-report.html .