Global Departmental Picture Archiving and Communication System (PACS) Market, By Type (Radiology PACS, Cardiology PACS, and Others), Components (Services, Software, and Hardware), Application (Computed Tomography, Ultrasound, MRI, C-Arms, Digital Radiography, Nuclear Imaging, and Computed Radiography), Deployments (Web-Based, On-Premise, and Cloud Based), End Users (Hospitals, Clinic Imaging, Dental Practices, Imaging Centers, Diagnostic Centers, Research and Academic Institutes, Ambulatory Surgical Centers, and Others) – Industry Trends and Forecast to 2031.
Departmental Picture Archiving and Communication System (PACS) Market Analysis and Size
PACS allows healthcare providers to access and view medical images electronically, eliminating the need for film-based images and enabling remote access to images from different locations. It also facilitates sharing images between healthcare providers, improving collaboration and patient care. In addition, PACS often integrates with other healthcare information systems, such as electronic health records (EHRs), to provide a comprehensive view of patient information.
Data Bridge Market Research analyzes that the global departmental picture archiving and communication system (PACS) market which was USD 2.42 billion in 2023, is expected to reach USD 5.19 billion by 2031, at a CAGR of 10% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Radiology PACS, Cardiology PACS, and Others), Components (Services, Software, and Hardware), Application (Computed Tomography, Ultrasound, MRI, C-Arms, Digital Radiography, Nuclear Imaging, and Computed Radiography), Deployments (Web-Based, On-Premise, and Cloud Based), End Users (Hospitals, Clinic Imaging, Dental Practices, Imaging Centers, Diagnostic Centers, Research and Academic Institutes, Ambulatory Surgical Centers, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Agfa-Gevaert Group. (Belgium), Lexmark International, Inc. (U.S.), Carestream Health (U.S.), General Electric (U.K.), Koninklijke Philips N.V., (Netherlands), McKesson Corporation (U.S.), Novarad (U.S.), Fujifilm Corporation (Japan), Siemens (Germany), Mach7t (U.S.), IBM (U.S.), DeJarnette Research Systems, Inc. (U.S.), BridgeHead Software Ltd., (U.K.)
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Market Opportunities
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Market Definition
A departmental picture archiving and communication system (PACS) is a technology used in healthcare settings to manage medical images and digital information. It is typically used within a specific department or specialty, such as radiology, cardiology, or orthopedics, to store, retrieve, distribute, and display medical images such as X-rays, MRIs, and CT scans.
Global Departmental Picture Archiving and Communication System (PACS) Market Dynamics
Drivers
- Increasing Adoption of Digitalization in Healthcare and Rising Incidence of Chronic Diseases
The market is being driven by the increasing adoption of digitalization in healthcare. Healthcare providers are increasingly shifting from traditional film-based imaging to digital imaging technologies, such as PACS, to improve efficiency, reduce costs, and enhance patient care. PACS enables healthcare providers to store, retrieve, and share medical images digitally, leading to faster diagnosis, treatment, and decision-making, Thus, boosting the market growth.
- Rising Incidence of Chronic Diseases
The rising incidence of chronic diseases, such as cancer, cardiovascular diseases, and neurological disorders, is driving the demand for advanced imaging solutions, including PACS. PACS enables healthcare providers to manage and analyze medical images related to chronic diseases efficiently, leading to early detection, timely treatment, and improved patient outcomes. The increasing burden of chronic diseases is fueling the market's growth.
- Government Initiatives to Promote Healthcare IT Adoption
Government initiatives to promote healthcare IT adoption are driving the growth of the global PACS market. Many governments worldwide are investing in healthcare IT infrastructure to improve the quality and efficiency of healthcare delivery. These initiatives often incentivize healthcare providers to adopt digital imaging solutions, such as PACS, leading to increased adoption and market growth.
Opportunities
- Cloud-Based PACS Solutions
The adoption of cloud-based PACS solutions has opened up new opportunities in the market. Cloud-based solutions offer scalability, flexibility, and cost-effectiveness compared to traditional on-premises systems. Healthcare providers are increasingly looking to migrate to cloud-based PACS to
reduce IT infrastructure costs, improve accessibility and collaboration, and enhance disaster recovery capabilities. This shift towards cloud-based solutions is expected to create opportunity for market growth.
- Increased Adoption of Telemedicine and Remote Imaging
The increased adoption of telemedicine and remote imaging technologies is driving the demand for PACS solutions that can support these applications. Telemedicine allows healthcare providers to remotely diagnose and treat patients, which requires robust imaging and data management capabilities. PACS vendors that can offer solutions tailored to the needs of telemedicine and remote imaging are likely to find new opportunities for growth in the global market.
Restraints/Challenges
- High Costs of Implementation and Maintenance
One of the key challenges facing the market is the high costs associated with implementing and maintaining these systems. The initial setup costs for PACS, including hardware, software, and infrastructure, can be substantial, making it challenging for healthcare facilities, especially smaller ones, to afford. In addition, the ongoing maintenance and upgrade costs can be significant, further adding to the financial burden.
- Integration and Interoperability Issues
Another significant challenge for the market is the integration and interoperability issues that arise when connecting PACS with other healthcare information systems, such as electronic health records (EHRs) or radiology information systems (RIS). Achieving seamless integration and interoperability is crucial for ensuring the efficient flow of patient information and images across different systems, but it can be complex and time-consuming, leading to delays and additional costs is restraining the market growth.
This departmental picture archiving and communication system (PACS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the departmental picture archiving and communication system (PACS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In November 2022, SEJONG Telecom, Inc. is collaborating with IRM Co., Ltd. and Pusan National University Hospital to establish a partnership aimed at developing a blockchain-based platform for managing medical data
- In March 2022, Tata Capital Healthcare Fund made its first investment in the health technology sector by investing $10 million into DeepTek. Augmento, the startup's brand, offers a cloud-based Picture Archiving and Communication System (PACS) solution for radiology imaging. This solution is enhanced with AI for medical image analysis and the automation of workflows, as stated by the company
Global Departmental Picture Archiving and Communication System (PACS) Market Scope
The departmental picture archiving and communication system (PACS) market is segmented on the basis of type, components, application, deployments, and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Radiology PACS
- Cardiology PACS
- Others
Components
- Services
- Software
- Hardware
Application
- Computed Tomography
- Ultrasound
- MRI
- C-Arms
- Digital Radiography
- Nuclear Imaging
- Computed Radiography
Deployments
- Web-Based
- On-Premise
- Cloud Based
End User
- Hospitals
- Clinic Imaging
- Dental Practices
- Imaging Centers
- Diagnostic Centers
- Research and Academic Institutes
- Ambulatory Surgical Centers
- Others
Global Departmental Picture Archiving and Communication System (PACS) Market Regional Analysis/Insights
The departmental picture archiving and communication system (PACS) market is analyzed and market size insights and trends are provided by country, type, components, application, deployments, and end users as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
North America is expected to dominate the market due to the advanced healthcare infrastructure, the presence of major manufacturers, the widespread adoption of medical imaging technologies, and the increasing use of cloud-based solutions and services in the region.
Asia-Pacific is expected to witness significant growth during the forecast period due to the large number of patients, increasing awareness of the advantages of departmental PACS medical technology, and advancements in the healthcare IT sector in the area.Top of Form
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The departmental picture archiving and communication system (PACS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for departmental picture archiving and communication system (PACS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global departmental picture archiving and communication system (PACS) market. The data is available for historic period 2011-2021.
Competitive Landscape and Global Departmental Picture Archiving and Communication System (PACS) Market Share Analysis
The departmental picture archiving and communication system (PACS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global departmental picture archiving and communication system (PACS) market.
Some of the major players operating in the global departmental picture archiving and communication system (PACS) market are:
- Agfa-Gevaert Group. (Belgium)
- Lexmark International, Inc. (U.S.)
- Carestream Health (U.S.)
- General Electric (U.K.)
- Koninklijke Philips N.V., (Netherlands)
- McKesson Corporation (U.S.)
- Novarad (U.S.)
- Fujifilm Corporation (Japan)
- Siemens (Germany)
- Mach7t (U.S.)
- IBM (U.S.)
- DeJarnette Research Systems, Inc. (U.S.)
- BridgeHead Software Ltd., (U.K.)
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