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Picture Archiving And Communication System (PACS) Market Size, Share, Value, and Competitive Landscape | Latest Survey Report | GE Healthcare, Koninklijke Philips (Philips Healthcare), Carestream Health, Change Healthcare, Dell, CERNER, Visage Imaging, Es
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A medical technology that provides economical storage facility as well as convenience for accessing the images for multiple types of source machines is known as a picture archiving and communication system (PACS). It is used by radiologists and clinicians around the world to transfer patient data along with digital images throughout the healthcare system. These systems can store, retrieve, and transfer medical images captured by various machines such as MRI, X-ray, ultra-sound, and CT scan machines. Picture archiving and communication system (PACS) market presents opportunities for enabling improvements in the speed and accuracy in digital workflow in healthcare industry. This is the key trend motivating consumers in global picture archiving and communication system (PACS) market. Other market drivers include characteristics of PACS to offer increased availability of medical images, easy inter-clinic or inter-healthcare facility images transfers, and increased processing speed with little to no loos of radiology images.
Easy to use and ultra-reliable nature of these PACS systems along with their ability to digitalize old image films are contributing to the rapid growth of global picture archiving and communication system (PACS) market. Other motivators for the market include wide scope of technological innovations, integration of EMR with EHR, and rising need for patient-centered healthcare facilities. Segments in global picture archiving and communication system (PACS) market based on the data type are Cloud-based PACS and On-premise PACS. Leading of the two segments is cloud-based PACS with over 76% of market share in the year 2018.
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Segments in global picture archiving and communication system (PACS) market by application include hospitals and clinics. The leading application segment in the global picture archiving and communication system (PACS) market would be hospital, with a market share of 76% in the year 2018. Growing awareness of digital record keeping and images archiving in healthcare facilities in the developing economies is also boosting the demand in global picture archiving and communication system (PACS) market.
Key regions covered in the study on global picture archiving and communication system (PACS) market include North America, Europe, Central and South America, Middle East and Africa, and Asia Pacific. Some of the countries assessed in the research report on global picture archiving and communication system (PACS) market include United States, Germany, UK, Russia, Japan, India, Taiwan, Thailand, Malaysia, Vietnam, Brazil, Saudi Arabia, Canada, France, Italy, China, South Korea, Australia, Indonesia, Philippines, Mexico, Turkey, and UAE. Various government initiatives bolstering the integration of advanced technologies in healthcare sector are propelling the demand in Asia Pacific picture archiving and communication system (PACS) market.
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Some of the major players assessed in the business intelligence study on global picture archiving and communication system (PACS) market include GE Healthcare, Koninklijke Philips (Philips Healthcare), Carestream Health, Change Healthcare, Dell, CERNER, Visage Imaging, Esaote SpA, Siemens Healthineers, Fujifilm, Agfa-Gevaert, Ashva Digital Healthcare, Sectra AB, INFINITT Healthcare, and Paxera Health. One of the leading players in global picture archiving and communication system (PACS) market was observed to be GE Healthcare, with 22% market share in the year 2018.
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