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Global Picture Archiving and Communication Systems Market Overview
The global picture archiving and communication systems market is expected to register a CAGR of X.X% during the forecast period, an increase of approximately XX.X% compared to 2016.
A picture archiving and communication systems (PACS) is an imaging technology used in medical sector which provides effective storage and easy access to images from various modalities such as ultrasound, X-ray plain film (PF), magnetic resonance imaging (MRI), nuclear medicine, computed tomography (CT),) etc. PACS allows hospitals, medical centers, clinics etc. to capture, view, store, and share all types of images externally and internally.
Increasing use of diagnostics imaging and increasing adoption of healthcare IT are major factors driving growth of the global picture archiving and communication systems market. In addition, increasing adoption of PACS in medical facilities has led in bringing down the retrieval time and physical storage space as compared to traditionally used systems. Integration of radiology information systems (RIS) and PACS is helping hospitals to store, manage, and retrieve huge volume of medical image data. Which is another major factor fueling growth of the global PACS market.
High installation and operating costs, complexity of PACS technology, and lack of standardized procedures are major factors hampering the global PACS market growth. In addition, integration and transmission of medical images and patient data is not yet secure and effective, further hampering growth of the global PACS market.
Rising medical standards and government initiatives to encourage IT adoption in healthcare are current trends in the market. Furthermore, increasing investments by key players for R&D activities and product innovation are expected to create lucrative opportunities.
North America dominates the global PACS market and is expected to register a CAGR of X.X% during the forecast period. This growth is attributed to presence of major manufactures and increasing adoption of cloud based solutions and services. The market is Asia Pacific is expected to witness significant growth during the forecast period.
Global Picture Archiving and Communication System Market Segmentation:
Global picture archiving and communication systems market segmentation by deployment type:
- Web based PACS
- Cloud-based PACS
Global picture archiving and communication systems market segmentation by business mode:
Global picture archiving and communication systems market segmentation by end-user:
- Diagnostic imaging centers
- Ambulatory surgical centers
- Others (Clinics and Research Laboratories)
Global picture archiving and communication systems market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- GE Healthcare
- Koninklijke Philips N.V.
- FUJIFILM Medical Systems
- Mckesson Corp.
- Carestream Health
- Agfa-Gevaert Group
- INFINITT Healthcare Co. Ltd.
- Siemens Healthineers
- Merge Healthcare Solutions Inc.
- Sectra AB
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