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The European cardiology picture archiving and communication system (PACS) market was valued at $110 million in 2012, and expected to grow at a CAGR of 7.18% to reach $167 million by 2018.
The report ‘European Cardiology Picture Archiving and Communication System Market 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, it is perceived to offer better control and secure sharing of data.
Europe is the second-largest player in this market with a market share of 27%. Germany holds 25%, followed by France with 20% share of the total European market.
The cardiology picture archiving and communication system has helped in reducing 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 copies. Cloud-based PACS solution is the latest market development expected to take a significant market share in the next 5 years.
Complete report is available @ http://www.reportsnreports.com/reports/313861-european-cardiology-pacs-market-research-report.html .
