Market Overview:
The global medical picture archiving and communication systems (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 cloud-based PACS and rising number of hospitals adopting MINI PACS. However, the high cost of full coverage level PACS is restraining the growth of this market. On the basis of type, the global medical picture archiving and communication systems (PACS) market can be segmented into cloud-based and on-premises. Cloud-based PACS are expected to grow at a higher CAGR than on-premises during the forecast period owing to their advantages such as low installation cost, easy upgradation, scalability, and portability. Based on application, the global medical picture archiving and communication systems (PACS) market can be segmented into MINI PACS, department level PACS, and full coverage level PAC S . Department level PACs are expected to hold a larger share in terms revenue than MINI PACs duringthe forecast period due their growing popularity among small clinicsand hospitals .
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Product Definition:
A medical picture archiving and communication system (PACS) is a digital system used to store, manage, share and distribute medical images and other health care data. The importance of PACS lies in its ability to improve quality, safety and efficiency of patient care by providing instant access to images from any location within the hospital or clinic.
Cloud-based:
Cloud-based medical image archiving and communication systems market is expected to grow at a lucrative rate during the forecast period. Increasing demand for efficient PACS solutions, rising number of diagnostic centers, and growing adoption of cloud computing in healthcare are few factors driving the growth of this market.
On-premises:
On-premises is a term used for software and hardware installation at the healthcare organization. It is also known as in-house or on-site, which means that all the systems are within the premises of an organization. In this case, there's no need to rent any space for offices and can use entire floor area of hospitals etc., for their operations.
Application Insights:
The market is segmented based on application into MINI PACS, Department Level PACS, Full Coverage Level PACS. The Department level pacemakers dominated the global medical picture archiving and communication systems market in 2017 owing to increasing demand for enhanced patient care and a growing number of initiatives by various governments across the world. For instance, according to an article published by eHealthcare Analytics Inc., it was estimated that around USD 2 billion was invested globally in 2016 for developing digital healthcare solutions. However, this figure is expected to grow at a rapid pace over the coming years as more than 50% of investments are made during the development stage itself.
Furthermore, full coverage level pacemakers are anticipated to witness lucrative growth over the forecast period due largely to rising awareness about image management among hospitals regarding legal requirements such as General Data Protection Regulation (GDPR) compliance.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of major players, technological advancements, and high adoption rate of advanced technologies among healthcare providers. The U.S., which accounted for a majority share in North America market, is one of the most developed countries when it comes to healthcare IT infrastructure with well-established network connections between hospitals and clinics as well as an established electronic health record (EHR) system environment.
Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to increasing government initiatives for implementation of PACS coupled with rising awareness about their benefits among physicians & surgeons especially from developing countries such as China & India thus boosting overall growth in this region.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the increasing number of geriatric population and rising prevalence of lifestyle diseases such as obesity and diabetes. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which has led to an increase in their adoption over traditional open surgery procedures. This is benefitting the PACS market as these systems are used extensively for image-guided interventions (IGI).
- Growing demand for telemedicine: Telemedicine involves providing healthcare services remotely using telecommunications technology. It offers several advantages such as improved patient care, reduced costs, and increased efficiency of healthcare delivery systems. The global telemedicine market is expected to grow at a CAGR of 16% from 2016 to 2021 owing to the increasing penetration of broadband internet and smartphones across the world. This will create opportunities for PACS vendors as they can provide their solutions through cloud-based models, which would help reduce implementation costs for hospitals/clinics/physicians’ offices etcetera.).
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Picture Archiving and Communication Systems (PACS) Market Research Report
By Type
Cloud-based, On-premises
By Application
MINI PACS, Department Level PACS, Full Coverage Level PACS
By Companies
GE Healthcare, Agfa, Fujifilm, Siemens Healthcare, FSN Medical Technologies, INFINITT North America, Merge Healthcare(IBM), Carestream Health, Philips 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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Medical Picture Archiving and Communication Systems (PACS) Market Report Segments:
The global Medical Picture Archiving and Communication Systems (PACS) market is segmented on the basis of:
Types
Cloud-based, On-premises
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
MINI PACS, Department Level PACS, Full Coverage Level PACS
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:
- GE Healthcare
- Agfa
- Fujifilm
- Siemens Healthcare
- FSN Medical Technologies
- INFINITT North America
- Merge Healthcare(IBM)
- Carestream Health
- Philips Healthcare
 Market Overview.svg)
Highlights of The Medical Picture Archiving and Communication Systems (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:
- Cloud-based
- On-premises
- By Application:
- MINI PACS
- Department Level PACS
- Full Coverage Level PACS
- 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 Medical Picture Archiving and Communication Systems (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?
PACS is a system that allows doctors and nurses to store, manage, and share medical images electronically. This system can help to improve patient care by allowing doctors to more easily access medical images for diagnosis and treatment.
Some of the major players in the medical picture archiving and communication systems (pacs) market are GE Healthcare, Agfa, Fujifilm, Siemens Healthcare, FSN Medical Technologies, INFINITT North America, Merge Healthcare(IBM), Carestream Health, Philips Healthcare.
The medical picture archiving and communication systems (pacs) market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Picture Archiving and Communication Systems (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 Medical Picture Archiving and Communication Systems (PACS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Picture Archiving and Communication Systems (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 Medical Picture Archiving and Communication Systems (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 Medical Picture Archiving and Communication Systems (PACS) Market Size & Forecast, 2020-2028
4.5.1 Medical Picture Archiving and Communication Systems (PACS) Market Size and Y-o-Y Growth
4.5.2 Medical Picture Archiving and Communication Systems (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 Cloud-based
5.2.2 On-premises
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 MINI PACS
6.2.2 Department Level PACS
6.2.3 Full Coverage Level PACS
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Picture Archiving and Communication Systems (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 Medical Picture Archiving and Communication Systems (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 Cloud-based
9.6.2 On-premises
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 MINI PACS
9.10.2 Department Level PACS
9.10.3 Full Coverage Level PACS
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 Cloud-based
10.6.2 On-premises
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 MINI PACS
10.10.2 Department Level PACS
10.10.3 Full Coverage Level PACS
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 Cloud-based
11.6.2 On-premises
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 MINI PACS
11.10.2 Department Level PACS
11.10.3 Full Coverage Level PACS
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 Cloud-based
12.6.2 On-premises
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 MINI PACS
12.10.2 Department Level PACS
12.10.3 Full Coverage Level PACS
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 Cloud-based
13.6.2 On-premises
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 MINI PACS
13.10.2 Department Level PACS
13.10.3 Full Coverage Level PACS
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 Medical Picture Archiving and Communication Systems (PACS) Market: Competitive Dashboard
14.2 Global Medical Picture Archiving and Communication Systems (PACS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Agfa
14.3.3 Fujifilm
14.3.4 Siemens Healthcare
14.3.5 FSN Medical Technologies
14.3.6 INFINITT North America
14.3.7 Merge Healthcare(IBM)
14.3.8 Carestream Health
14.3.9 Philips Healthcare
