Market Overview:
The global departmental picture archiving and communication system (PACS) market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PACS in hospitals, laboratories, and other healthcare institutions. Additionally, the growing adoption of cloud-based PACS is also contributing to the growth of this market. However, factors such as high installation and maintenance costs are restraining the growth of this market. On the basis of type, the global departmental picture archiving and communication system (PACS) market is segmented into radiology PACS, cardiology PACS, and others. The radiology PACS segment accounted for majority share of this market in 2017 owing to its widespread use in diagnostic imaging procedures such as X-rays and CT scans. On the basis of application, hospitals accounted for majority share of this market in 2017 owing to rising number of hospital admissions across globe coupled with increasing demand for advanced medical imaging technologies.
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Product Definition:
Departmental Picture Archiving & Communication System (PACS) is a system used to manage and store digital images of radiological exams. The importance of Departmental Picture Archiving & Communication System (PACS) is that it allows healthcare providers to view and share patient images from any computer with internet access.
Radiology:
The radiology market is expected to grow at a lucrative rate during the forecast period. The growth of this market can be attributed to factors such as increasing prevalence of cancer, cardiovascular diseases and technological advancements in medical imaging. However, one factor that may impede the growth of this market is lack of skilled radiologists around the world. In order for a patient to get diagnosed with a disease or condition, there must be some kind of diagnostic procedure performed on them.
Cardiology:
Cardiology is the branch of medicine dealing with the study, diagnosis, and treatment of diseases and disorders of heart (cardiac) system. It mainly includes the study and treatment for congenital heart defects (CHD), coronary artery disease (CAD), hypertension, cardiac arrest/arrests, congestive heart failure (CHF), stroke; etc.
Application Insights:
The others segment dominated the global departmental picture archiving and communication system (PACS) market in 2017. This is attributed to the increasing adoption of imaging devices, such as nuclear medicine, ultrasound and computerized tomography for diagnosis in various other applications. For instance, a PACS is used for cardiology applications in hospitals, clinics and diagnostic centers to store images from these devices. These systems are also used for interventional procedures by providing real-time displays of interventions performed through vascular intervention or cardiac catheterization.
Hospitals were the largest revenue generating segment owing to factors such as an increase in number of hospitals due to rapid urbanization coupled with rise in prevalence of chronic diseases that require frequent visits/caregivers at hospitals along with technological advancements that have boosted hospital productivity are some key contributing factors driving this segment growth over the forecast period (2018 ¢â‚¬â€œ 2030).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, technological advancements, and high adoption rate of advanced technologies across various healthcare sectors. Moreover, increasing government initiatives for implementation of PACS is also expected to drive regional growth over the forecast period. For instance, Health Information Technology for Economic and Clinical Health (HITECH) Act requires hospitals to implement information technology systems that support patient safety and care processes.
Growth Factors:
- Increasing demand for diagnostic imaging procedures: The global market for diagnostic imaging procedures is expected to grow at a CAGR of 6.5% from 2016 to 2021. This will lead to an increase in the demand for PACS systems as these systems are used extensively in the diagnosis and treatment of various medical conditions.
- Growing use of big data analytics: PACS systems generate large amounts of data which can be processed and analyzed using big data analytics tools to improve patient care outcomes. This is expected to drive the growth of the PACS market in the coming years.
- Proliferation of cloud-based solutions: Cloud-based PACS solutions are becoming increasingly popular due to their lower cost and ease of deployment and management. They offer several benefits such as scalability, flexibility, and security, which is why they are likely to gain traction in the future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Departmental Picture Archiving & Communication System (PACS) Market Research Report
By Type
Radiology, Cardiology, Others
By Application
Hospitals, Laboratories, Others
By Companies
AGFA Healthcare, Epic Systems, Fujifilm Healthcare, GE Healthcare, Mckesson Corporation, Philips Healthcare, Siemens Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Departmental Picture Archiving & Communication System (PACS) Market Report Segments:
The global Departmental Picture Archiving & Communication System (PACS) market is segmented on the basis of:
Types
Radiology, Cardiology, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AGFA Healthcare
- Epic Systems
- Fujifilm Healthcare
- GE Healthcare
- Mckesson Corporation
- Philips Healthcare
- Siemens Healthcare
 Market Overview.svg)
Highlights of The Departmental Picture Archiving & Communication System (PACS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radiology
- Cardiology
- Others
- By Application:
- Hospitals
- Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Departmental Picture Archiving & Communication System (PACS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Departmental Picture Archiving & Communication System (PACS) is a system that allows departments to share and manage images and videos. PACS can help organizations keep track of their history, communicate with employees, and protect their assets.
Some of the major players in the departmental picture archiving & communication system (pacs) market are AGFA Healthcare, Epic Systems, Fujifilm Healthcare, GE Healthcare, Mckesson Corporation, Philips Healthcare, Siemens Healthcare.
The departmental picture archiving & communication system (pacs) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Departmental Picture Archiving & Communication System (PACS) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Departmental Picture Archiving & Communication System (PACS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Departmental Picture Archiving & Communication System (PACS) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Departmental Picture Archiving & Communication System (PACS) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Departmental Picture Archiving & Communication System (PACS) Market Size & Forecast, 2020-2028
4.5.1 Departmental Picture Archiving & Communication System (PACS) Market Size and Y-o-Y Growth
4.5.2 Departmental Picture Archiving & Communication System (PACS) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Radiology
5.2.2 Cardiology
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Laboratories
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Departmental Picture Archiving & Communication System (PACS) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Departmental Picture Archiving & Communication System (PACS) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Radiology
9.6.2 Cardiology
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Laboratories
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Radiology
10.6.2 Cardiology
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Laboratories
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Radiology
11.6.2 Cardiology
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Laboratories
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Radiology
12.6.2 Cardiology
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Laboratories
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Radiology
13.6.2 Cardiology
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Laboratories
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Departmental Picture Archiving & Communication System (PACS) Market: Competitive Dashboard
14.2 Global Departmental Picture Archiving & Communication System (PACS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AGFA Healthcare
14.3.2 Epic Systems
14.3.3 Fujifilm Healthcare
14.3.4 GE Healthcare
14.3.5 Mckesson Corporation
14.3.6 Philips Healthcare
14.3.7 Siemens Healthcare
