Press release
Picture Archiving And Communication Systems Market is Predicted to Grow to US$ 5.80 Billion Reflecting a Steady CAGR of 6.18% From 2025 to 2034
Picture Archiving And Communication Systems Market
The growth of the PACS market is being driven by an increasing number of government initiatives, including favorable reimbursement policies, aimed at promoting the adoption of advanced health information technologies. The rising demand to integrate patient images with electronic medical records (EMRs) and health information exchange (HIE) platforms is also expected to create significant market opportunities. Moreover, the launch of innovative products and the expansion of research and development activities are further contributing to the positive growth.
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What is Picture Archiving And Communication System (PACS)?
PACS are medical imaging technologies used for retrieving, storing, managing, and sharing medical images electronically. It eliminates the need for traditional film-based images by enabling digital storage and access, allowing healthcare providers to efficiently view and transmit images such as MRIs, X-rays, and CT scans across different locations. This system improves workflow, enhances diagnostic accuracy, and supports better collaboration among medical professionals.
Major Participants:
Key market players are expanding into developing regions to grow their customer base, enhance their presence, and boost their overall picture archiving and communication systems market share.
Here are a few of the major participants operating in the industry:
• 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
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Industry Developments in Picture Archiving and Communication Systems (PACS):
• In May 2023, DeepTek.ai received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its AI-driven radiology workflow platform, Augmento. Designed to address the growing shortage of radiologists, Augmento integrates artificial intelligence in a seamless and responsible manner, enhancing radiology operations while significantly improving diagnostic efficiency, patient outcomes, and overall productivity.
• In September 2022, Rady Children's Hospital, a prominent institution in pediatric healthcare, unveiled Media2DICOM-an innovative software solution developed to standardize digital imaging and communications in medicine (DICOM) formats. Created internally by the hospital's Helen and Will Webster Foundation 3D Innovations (3DI) Lab, this open-access tool is aimed at streamlining imaging data conversion and supporting broader access to advanced medical imaging capabilities.
Key Highlights from the Report:
• According to application analysis, the cardiology segment dominated the market in 2024, accounting for 23.6% of total revenue. The oncology segment is also projected to experience the highest CAGR of 8.9% during the forecast period, fueled by the increasing incidence of cancer worldwide.
• By end users, the hospitals segment held the largest share of revenue in 2024.
• North America dominated the global market in 2024, largely due to substantial healthcare investments and the strong presence of leading industry players in the region.
• Asia Pacific is expected to record the highest CAGR during the forecast period, driven by rising healthcare expenditures, rapid urbanization, and a growing focus on healthcare innovation across the region.
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Market Segmentation:
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
By Regional Outlook:
• 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
• Mexico
• Brazil
• Argentina
• Rest of Latin America
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