Positive Outlook for European Imaging Market

11 January 2010 (Last Updated January 11th, 2010 18:30)

Europe's picture archiving and communication systems (PACS) market is expected to grow over the next five years because of an increased focus on the use of IT in healthcare, according to a new study. The PACS market in Europe is forecast to reach $848m in 2015 from $568.7m in 2008, the

Europe's picture archiving and communication systems (PACS) market is expected to grow over the next five years because of an increased focus on the use of IT in healthcare, according to a new study.

The PACS market in Europe is forecast to reach $848m in 2015 from $568.7m in 2008, the report by market analyst firm GlobalData said.

Europe's radiology PACS market is projected to reach $557m in 2015 from $384m in 2008.

The cardio PACS market in Europe is projected to be the fastest-growing segment and will have a combined annual growth rate of nearly 9% between 2008 and 2015 to reach $93m.

The introduction of clinical applications and workflow management tools have transformed the functionality of PACS from a viewing and storage solution for images to a crucial decision support system, GlobalData said.