Press release
Picture Archiving and Communication Systems Market Forecast to Reach USD 5.80 Billion by 2034, Growing at a CAGR of 6.18%
Picture Archiving and Communication Systems (PACS) Market
Market Overview:
A picture archiving and communication system (PACS) is a medical imaging technology that allows healthcare organizations to securely store, transmit, and manage digital medical images and reports, replacing traditional film-based systems. PACS aims to improve operational efficiency in radiology departments by providing easy access to images and reports from various imaging modalities (like X-rays, CT scans, MRI, etc.). PACS systems use the Digital Imaging and Communications in Medicine (DICOM) standard for image storage and transfer, ensuring compatibility between different imaging devices and systems. PACS streamlines workflows reduces storage space requirements and minimizes the risk of damage or loss of images.
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Growth Drivers:
• The global aging population and the rising incidence of chronic diseases are propelling the expansion of the picture archiving and communication systems (PACS) market.
• Growing demand for efficient data storage and archiving technologies, along with the advancement of cloud-based PACS systems, are driving market growth.
• The increasing number of government programs, such as supportive reimbursement policies, aimed at encouraging the adoption of advanced health information technology is boosting picture archiving and communication systems (PACS) market growth.
• The rising adoption of cloud technologies within an integrated healthcare system to improve digital processes is driving market demand.
Key Players in Market:
In recent times, the market has experienced numerous technological and innovative advancements, as major companies aim to deliver cutting-edge solutions that assist in achieving sustainability objectives. A few of the major participants are:
• Agfa-Gevaert Group
• Carestream Health
• FUJIFILM Medical Systems
• GE Healthcare
• INFINITT Healthcare Co. Ltd.
• Koninklijke Philips N.V.
• Mckesson Corp.
• Merge Healthcare Solutions Inc.
• Sectra AB
• Siemens Healthineers
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Recent Developments in the Picture Archiving and Communication Systems (PACS) Industry
• May 2023: The U.S. Food and Drug Administration (FDA) granted 510(k) clearance for Augmento, DeepTek.ai's AI-powered radiology workflow management solution. Designed to address the global shortage of radiologists, Augmento integrates AI seamlessly to enhance radiology workflows, improving patient care, diagnostic quality, and productivity.
• September 2022: Rady Children's Hospital, a leader in pediatric healthcare, introduced Media2DICOM, an advanced DICOM standardization software. Developed in-house at the Helen and Will Webster Foundation 3D Innovations (3DI) Lab, this freely available software aims to streamline medical imaging standardization and improve interoperability in healthcare systems.
Segmental Overview:
• The picture archiving and communication systems (PACS) market is segmented based on deployment, product, application, end user, and region.
• By application, the oncology segment is expected to exhibit the highest CAGR over the forecast period, fueled by the rising incidence of cancer cases.
• The hospital segment, based on end users, held the largest revenue share of the PACS market in 2024, as hospitals require convenient access to medical imaging due to their various departments and specialties.
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By Product Outlook
• Mid End PACS
• Enterprise PACS
• Mini PACS
By Deployment Outlook
• Cloud-Based
• Web-Based
• On-Premise
By Application Outlook
• Orthopedics
• Oncology
• Cardiology
• Veterinary Medicine
• Ophthalmology
• Others
By End User Outlook
• Diagnostic Centers
• Hospitals
• Clinics
• Others
Regional Analysis:
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
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