LATAM RIS and PACS market examined in new market research report

The purpose of the report is to illustrate the state of the market of LATAM RIS and PACS, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

A radiology information system is a computer system that is aimed to support effective workflow and business analysis in a radiology department. This system helps in managing all the business functions of the department, from patient management, analysis, and inventory control. These systems provide ease of use and are easily accessible. Picture Archiving and Communication System (PACS) facilitates short- and long-term storage, retrieval, management, distribution and presentation of medical images. PACS allows healthcare systems to image management on departmental and enterprise levels. Rapid evolution and adoption of health information technology is supporting the demand for PACS. Growth of this market will be driven by government reforms and initiatives towards healthcare centralization. Penetration of PACS into specialties such as endoscopy and oncology will lead to additional PACS applications and thus market growth. Furthermore, features such as integrated speech recognition and advanced clinical decision support systems will also contribute to expansion of PACS market. The introduction of PACS established a co-dependent relationship between the RIS and PACS. Optimal efficiency for the imaging department occurs when PACS and RIS integration enables seamless information sharing between RIS and PACS.

The geographical segmentation of the LATAM RIS and PACS market comprises countries such as Brazil, Mexico, Argentina, Chile, Columbia, Peru, Central America and Rest of LATAM. Brazil held the largest share in the overall LATAM RIS and PACS market. Brazil has a large healthcare system in both the public and private sectors. Total investments in healthcare in the country reached R$ 72 billion in 2011, according to a research study. Moreover, market leaders in RIS and PACS market are executing merger and acquisition strategy to increase the market penetration in Brazilian market. Columbia is anticipated to be the fastest growing segment in the LATAM RIS and PACS market. According to key market players such as Agfa and Philips, the Colombian healthcare information systems market is primarily being driven by a high level of interest shown by multiple top players in the implementation of integrated healthcare systems. This is compounded by the increasing cost of running healthcare organizations along with other drivers of the Colombia healthcare information systems market such as growing geriatric demographic, a rising number of investments in the Colombia IT healthcare market, and favorable government policies.

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Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global LATAM RIS and PACS buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

[The report is originally published on Credence Research Inc.]

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of LATAM RIS and PACS contains:

Analysis and forecast of LATAM RIS and PACS market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the LATAM RIS and PACS market;

Assessment and forecast of LATAM RIS and PACS market development;

Financial and business profiles of the leading companies in the LATAM RIS and PACS industry.


– Up to date working LATAM RIS and PACS data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed LATAM RIS and PACS for the period 2018 to 2026

– Planned LATAM RIS and PACS additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new LATAM RIS and PACS projects by region, key countries, and companies

– Details of major planned LATAM RIS and PACS projects in the world up to 2026

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