Press release
Departmental Picture Archiving and Communication System (PACS) Market to reach USD 5.19 billion by 2031, at a CAGR of 10%,Trends
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.View Detailed Report" https://www.databridgemarketresearch.com/reports/global-departmental-pacs-market
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.
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.
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
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.
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)
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