The U.S. market for PACS and teleradiology hardware and software will reach $1.1 billion by 2010, according to a research report published by the Concord Consulting Group. The Concord, MA-based consulting firm projects that U.S. PACS and teleradiology equipment revenues will grow 19% in 2002.
The growth rate is expected to decline in coming years, however, as prices fall and smaller institutions adopt PACS, requiring smaller installations. Adding in service and upgrades, the U.S. PACS and teleradiology market will exceed $2.7 billion within a decade. In a sea change of buyer preferences, full-scale PACS implementations are contributing the largest share of revenues as miniPACS installations ebb in popularity.
In researching the report, PACS Opportunities: 2000-2010; Digital Image Management and the Internet, Concord Consulting Group conducted two focus groups and performed mail surveys of 144 U.S. hospitals and 44 imaging centers. In this year's research, the decision-makers were decidedly more enthusiastic about PACS than similar groups were in earlier studies, and many of them had already embarked on PACS installations, according to Concord Consulting.
Managed care continues to be a strong driver of PACS purchasing, while the workflow benefits associated with digital image management are viewed as essential, according to the firm.
Concord Consulting also concludes that while the Internet clearly has a role to play in distributing images to referring physicians, accessing stored images, and providing software upgrades and maintenance support, the fundamental nature of PACS networks has not changed. For more information on the report, visit Concord Consulting Group's Web site at http://www.concordcg.com.
By AuntMinnie.com staff writersOctober 19, 2001
Related Reading
How to avoid PACS buyer’s remorse, September 27, 2001
PACS system administrators take a higher profile, September 17, 2001
U.S. PACS, teleradiology markets may top $1 billion by 2007, May 29, 2001
Copyright © 2001 AuntMinnie.com
