Picture Archiving and Communication System Market Trends, Growth, & Key Business Strategies by Leading Industry Players Agfa-Gevaert, Carestream Health, INFINITT Healthcare, GE Healthcare, Koninklijke Philips N.V., Merge Healthcare Solutions, Mckesson, Se

Coherent Market Insights has announced the addition of the “Picture Archiving and Communication System Market Size Status and Forecast 2026”, The report classifies the global Picture Archiving and Communication System Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Picture Archiving and Communication System Speaker market, analyzes and researches the Picture Archiving and Communication System Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Agfa-Gevaert, Carestream Health, INFINITT Healthcare, GE Healthcare, Koninklijke Philips N.V., Merge Healthcare Solutions, Mckesson, Sectra AB and Siemens Healthineers

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Picture Archiving and Communication System (PACS) is a necessary technology in modern hospitals and has proven its important status in the radiology department for fetching and archiving medical images followed by their integration with the radiology information system (RIS). Medical imaging system technology has seen substantial growth over the past several decades with more healthcare organizations integrating imaging capitalize on digital technologies to address a changing healthcare environment. PACS use Digital Imaging and Communications in Medicine (DICOM) to transmit and store images. DICOM is both a file format for storing and a protocol for transmitting images. Medical imaging devices communicate with the application server through the DICOM protocol.

Picture Archiving and Communication System (PACS) is a medical imaging technology used for storing, retrieving, sharing and presenting images produced by various medical devices, such as ultrasound, CT scan, X-ray, and MRI machines. The technology have been majorly used in healthcare systems and in hospitals. These are usually related to radiology departments that produces large number of medical images. PACS technologies also include images produced by other departments, such as dermatology, oncology, pathology and cardiology. In addition to sharing images within health systems and hospitals, the technology can combine with ambulatory clinics and with external health systems.

Healthcare enterprises require a PACS infrastructure that allow to view a multi-site, multi-system environment combined, and manages the complete reporting and imaging lifecycle on disparate radiology solutions. Sharing patient images and information through a common global work list will deliver a workflow that balances reading and reporting among available radiologists throughout the enterprise. PACS architecture eliminates the obstructions often caused due to different physical locations and users and variations in network speed and reliability. Users gain substantive improvements in radiologist productivity, workload balancing, report timeliness and overall resource use.

Market Growth:

The increasing adoption of health information technology (health IT) and the expanding use of diagnostic imaging is boosting the PACS technologies market growth. Moreover, government initiatives to encourage the adoption of health IT due to its benefits is also driving the PACS market size. Hospitals are also affiliating with each other, medical imaging centers, clinics and other facilities to share patient’s medical images and information. However, alike other healthcare IT systems, PACS is also dependent on regulatory and technological standards, which can alter and force health care providers to upgrade the system. For instance, in 2017, FUJIFILM Medical Systems U.S.A., Inc., a leading provider of diagnostic imaging and medical informatics products, launched version 5 of Synapse PACS in the U.S. The latest design offers server-based image execution and a zero-download viewer with browser flexibility, leading to significant IT benefits for many organizations. Furthermore, though PACS processes have majorly adopted in healthcare, a newer medical imaging technology, the vendor neutral archive (VNA), has replaced PACS in some healthcare settings.

Growing healthcare IT adoption coupled with increasing demand for diagnostic imaging are expected to drive global picture archiving and communication system market revenue growth over the forecast period. For instance, according to a survey from Healthcare’s Digital Future, in 2014, over 70% patients aged above 50 years demanded for digital healthcare services. Demand for diagnostic medical imaging in a large integrated health system is growing at a faster pace due to rising popularity among patients and physicians. Furthermore, increased demand for universalization of medical image archiving and storage of all formats of medical data is expected to fuel PACS market growth during the forecast timeframe.

Adoption of Electronic Medical Records (EMR)/Electronic Health Record (EHR) systems has increased globally. Majority of EMR/EHR systems have trouble supporting imaging information, which represents a significant amount of a patient’s medical record. PACS solutions support an easy, open and unified interface for transferring imaging studies to EMR/EHR systems, so that clinicians gain a complete view of a patient’s history and current condition. This will lead to a higher level of patient care with more accurate diagnosis and treatment.

Global Picture Archiving and Communication System Market, By Deployment:

Web Based
Cloud Based
On Premise

Global Picture Archiving and Communication System Market, By Product:

Mid End PACS
Enterprise PACS
Mini PACS

Global Picture Archiving and Communication System Market, By End User:

Hospital
Clinics
Diagnostics Centers

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2026.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Various government initiatives, across the globe support healthcare IT adoption due to enormous benefits and importance. Adoption of connected healthcare solutions, like PACS, RIS, PHR and EHR have grown with the surge in requirements to improve the overall quality of healthcare services. The push to increase adoption through regulatory requirements in the Health Information Technology for Economic and Clinical Health (HITECH) Act (2009) has raised physicians’ levels of awareness about electronic health records (EHRs). Efficient and flexible PACS solutions can play an important role as healthcare institutions struggle to handle an accelerating demand for imaging services while simultaneously containing costs and ensuring a high level of care. PACS solutions need to deliver a comprehensive suite of embedded clinical tools, share a common workflow among disparate systems, embrace thin-client and mobile environments, seamlessly integrate with EMR/EHRs and health information exchanges, and offer flexible business models.

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