Global Medical Picture Archiving and Communication Systems (PACS) Market Set to Reach USD 4.97 Billion by 2032, Propelled by Rising Telemedicine Demand

In a recent report published by Dataintelo, it has been revealed that the global Medical Picture Archiving and Communication Systems (PACS) market size was USD 2.90 Billion in 2023 and is set to escalate to USD 4.97 Billion by 2032. This anticipated rise, marked by a CAGR of 6.17 % during 2024-2032, is due to the extensive prevalence of chronic diseases along with the mounting demand for telemedicine services.

The medical picture archiving and communication systems (PACS) play an objective role in adding significant value to telemedicine services. PACS enables healthcare professionals to easily access and share medical images, regardless of their geographical location. This serves to be a substantial element of telemedicine, where diagnosis and treatment of patients are conducted without being co-located physically.

The role of PACS is increasingly becoming integral in transforming the way medical imaging data is stored and accessed. The upswing in the preference for telemedicine is further serving to fuel market growth. As telemedicine continues to gain traction amid the healthcare landscape, the demand for PACS is anticipated to sustain upward trajectory momentum in future, thereby invigorating the market expansion during the forecast period

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/481432

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The 𝐦𝐞𝐝𝐢𝐜𝐚𝐥 𝐩𝐢𝐜𝐭𝐮𝐫𝐞 𝐚𝐫𝐜𝐡𝐢𝐯𝐢𝐧𝐠 𝐚𝐧𝐝 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 (𝐏𝐀𝐂𝐒) 𝐦𝐚𝐫𝐤𝐞𝐭 has been segmented on the basis of𝐓𝐲𝐩𝐞
● Departmental
● Enterprise

𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭
● Services
● Software
● Hardware

𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐓𝐲𝐩𝐞
● Web-based
● On-premise

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Cardiology
● Oncology
● Orthopedics
● Ophthalmology
● Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫
● Hospitals
● Ambulatory Surgical Centers
● Diagnostic Centers
● Clinics

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● 𝐀𝐠𝐟𝐚-𝐆𝐞𝐯𝐚𝐞𝐫𝐭 𝐆𝐫𝐨𝐮𝐩
● Ambra Health
● Cerner Corporation
● Epic Systems Corporation
● Fujifilm Holdings Corporation
● GE Healthcare
● Hitachi Medical Corporation
● Konica Minolta Healthcare Americas, Inc.
● 𝐊𝐨𝐧𝐢𝐧𝐤𝐥𝐢𝐣𝐤𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐬 𝐍.𝐕.
● PostDICOM
● RamSoft, Inc.
● Siemens Healthineers
● VEPRO AG
● Zebra Medical Vision Ltd.

Segment Analysis

Based on type, the medical picture archiving and communication systems (PACS) market is bifurcated into departmental and enterprise systems. Departmental systems are specifically designed to cater to a single department in a medical facility. On the other hand, enterprise systems serve multiple departments and, in some cases, even multiple facilities within a healthcare system. The component segment of the market is divided into services, software, and hardware. Services include consultancy and post-implementation, while software and hardware consist of products required to implement PACS.

The market is also divided into web-based and on-premise on the basis of deployment type. Web-based systems offer remote accessibility, whereas on-premise systems are installed on local servers and require manual operation. As for the application of PACS, it finds utility in various medical disciplines such as cardiology, oncology, orthopedics, ophthalmology, among others. The end-users of PACS include hospitals, ambulatory surgical centers, diagnostic centers, and clinics. These facilities utilize PACS for efficient storage, retrieval, management, distribution, and presentation of medical images.

Regional Analysis

In terms of regional distribution, the medical picture archiving and communication systems (PACS) market has been categorized into Asia Pacific, North America, Latin America, Europe, Middle East & Africa. North America holds a substantial market share majorly attributed to the region's strong healthcare infrastructure and increased adoption of advanced healthcare technologies. Following North America, Europe also secures a significant portion of the market share, credited to its advanced healthcare system and increased adoption of the PACS.

Asia Pacific, on the other hand, is anticipated to witness a swift growth rate in the upcoming years due to their improving healthcare infrastructure, rising investment in healthcare facilities and growing population. Meanwhile, the market in Latin America and Middle East & Africa are also expected to grow, attributed to their increasing spending on healthcare, adoption of latest medical technologies and increased awareness about the benefits of PACS

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/481432

Market drivers for Medical Picture Archiving and Communication Systems (PACS):

1. Growing Demand for Advanced Imaging Equipment: The demand for advanced imaging equipment is increasing due to the rising prevalence of diseases requiring imaging procedures.

2. Increasing Use of Imaging Equipment in Hospitals and Clinics: Hospitals and clinics are increasingly using imaging equipment for diagnosis and treatment, which drives the need for PACS for the efficient storage and retrieval of images.

3. Regulatory Compliance: Healthcare regulations such as HIPAA (Health Insurance Portability and Accountability Act) in the U.S. require the secure storage and transmission of patient data, including medical images, which drives the demand for PACS.

4. Technological Advancements: Advancements in technology such as cloud-based PACS have further driven their adoption.

5. Rising Geriatric Population: With the rise in the aged population, the need for medical attention and imaging procedures increase, thus boosting the demand for PACS.

Market Opportunities for Medical Picture Archiving and Communication Systems (PACS):

1. Untapped Emerging Markets: Developing economies such as in Asia and Africa have less penetration of PACS, which presents a significant opportunity for market expansion.

2. Integration with Electronic Health Records (EHR): The integration of PACS with EHRs can provide a seamless flow of information, improving efficiency and care quality, presenting a significant market opportunity.

3. Artificial Intelligence (AI) and Machine Learning (ML): The incorporation of AI and ML technologies in PACS can bring about game-changing differences in terms of predictability, diagnosis, and personalization of patient care.

4. Telemedicine and Remote Patient Monitoring: The growing trend of telemedicine and remote patient monitoring can provide significant opportunities for PACS market as these platforms would require efficient storage and sharing of medical images.

5. Cloud-Based PACS: As the healthcare industry gradually shifts towards digitalization, cloud-based PACS will provide scalable, flexible, and cost-effective solutions, presenting significant market opportunities

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