Press release
PACS Market : Cloud-based PACS Will Cross US$ 1090.9 Mn by 2026
The report analyzes the global PACS market in terms of value (US$ Mn) by deployment, components, business mode, end-use, and region; and provides insightful information regarding the value chain, market trends, competitive landscape, market dynamics and market estimations and forecast.
On the basis of regions, North America is estimated to be the largest market for PACS, accounting for 31.1% value share of the global PACS market in 2016. The region continues to dominate the market presently and is expected to continue to do so throughout the forecast period. On the basis of deployment, cloud-based PACS segments are projected to exhibit CAGR of 7.1%, respectively, in terms of market value during the forecast period. This is attributed to increasing usage of PACS in wide range of end-user application.
The markets in APEJ, Western Europe, MEA and Latin America are anticipated to contribute majorly to the global PACS market. The market in APEJ is expected to account for 18.4% share in terms of value in the global PACS market and be valued at US$ 674.9 Mn by 2026 end. The increasing demand for PACS from the hospitals, diagnostic centers, and Imaging centers in Western Europe, especially in EU5 is expected to fuel revenue growth of the market in the region. The market in Western Europe is estimated to be valued at US$ 790.7 Mn by 2026 end and projected to register a CAGR of 6.0% during the forecast period.
Factors such as increasing demand for increasing use of diagnostic imaging, growing healthcare IT adoption, and increasing adoption of cloud-based PACS is set to drive revenue growth of the global PACS market.
Persistence Market Research delivers in-depth research on the global PACS market in its latest report titled “Global Market Study on Picture Archiving and Communication System (PACS): North America Likely to Remain Dominant Regional Market?”. According to the report, the global PACS market is projected to expand at a healthy CAGR of 6.2% during the forecast period in terms of revenue.
A PACS is a fully integrated system which is used for the data storage, distribution and analysis of medical images by doctors or by any other medical officials. PACS is termed as a picture archiving and communication system which is a combination of hardware, software, image modalities, and archiving that is used for data or image capturing, storing, distributing and then presenting these medical images. A picture archiving and communication system comprises of four key components including the imaging modalities such as MRI and CT, a secure network to transfer patient data, PACSs for interpreting and reviewing images, and long term and short term archives to retrieve and store reports and images.
Demand for cloud-based PACS which are increasingly used in wide range of healthcare end-users such as hospitals, diagnostic centers, imaging centers, clinics, and many others is increasing significantly. PACS solutions are gaining traction due to an immediate reduction in the cost of archiving and storage for the clinics, hospitals, or imaging centers. This is expected to bolster the global PACS market. Recently, healthcare and hospitals providers are moving towards an e cloud-based system due to low cost and flexibility in technology adoption as compared to traditional PACS. Thus, increasing uses and applications of PACS are anticipated to increase the revenue growth of the global PACS market during the forecast period.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/picture-archiving-and-communication-system-market/toc
However, declining penetration rate of PACS, its high installation and operating cost, complexity of PACS technology and a lack of harmonization are the restraints hampering the growth of the global PACS market.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/2627
Key market participants covered in this report include GE Healthcare, Koninklijke Philips N.V.-(Philips Healthcare), Carestream Health, Agfa-Gevaert Group, FUJIFILM Medical Systems, INFINITT Healthcare Co. Ltd., Siemens Healthineers, Merge Healthcare Solutions Inc. (an IBM company), Sectra AB, and Mckesson Corp.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release PACS Market : Cloud-based PACS Will Cross US$ 1090.9 Mn by 2026 here
News-ID: 526973 • Views: …
More Releases from Persistence Market Research
Hardware Security Modules (HSM) Market Set to Expand at 14.3% CAGR, Reaching USD …
Overview of the Market
The Hardware Security Modules (HSM) market is poised for significant growth, estimated to rise from US$1.4 billion in 2024 to US$3.7 billion by 2031, reflecting a robust CAGR of 14.3%. This growth is fueled by the accelerating adoption of digital transactions, cloud-based solutions, and enterprise mobility that necessitate advanced cryptographic security. Organizations across sectors such as BFSI, healthcare, and government are increasingly investing in HSMs to safeguard…
SOC as a Service Market Expected to Hit USD 11.34 Billion by 2031, Growing at a …
Overview of the SOC as a Service Market
The SOC as a Service (Security Operations Center as a Service) market is witnessing substantial growth, driven by escalating cybersecurity threats, rapid digital transformation, and widespread adoption of cloud-based solutions. Organizations across the globe are increasingly seeking managed security services that offer real-time monitoring, threat detection, and incident response without the heavy investment in in-house infrastructure. As businesses expand their digital footprint, SOC…
U.S. Factoring Services Market Estimated to Grow at 9.1% CAGR by 2031
Overview of the Market
The U.S. factoring services market is poised for robust growth, projected to increase from US$325.1 billion in 2024 to US$598.1 billion by 2031, representing a CAGR of 9.1% during the forecast period. Factoring services, which involve the sale of accounts receivable to third-party financial institutions for immediate liquidity, have become increasingly essential for businesses seeking efficient cash flow management. The market is witnessing accelerated adoption due to…
Crypto Asset Management Industry Forecasted to Grow at 22.4% CAGR, Surpassing US …
The crypto asset management market is experiencing rapid growth, driven by the rising adoption of digital assets and the increasing need for secure, efficient, and optimized investment strategies. The market is projected to grow from US$1.1 billion in 2024 to US$2.28 billion by 2031, recording a CAGR of 22.4% during the forecast period. The increasing use of advanced technologies like artificial intelligence (AI) and machine learning (ML) has revolutionized portfolio…
More Releases for PACS
Vendor Neutral Archive & PACS Market - Driving Connected Care: VNA & PACS Enhanc …
Newark, New Castle, USA - new report, titled Vendor Neutral Archive & PACS Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Vendor Neutral Archive & PACS market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Vendor Neutral Archive & PACS market.…
PACS and RIS Market: Asia Pacific PACS and RIS Market to Lead to Most Promising …
The picture archiving and communication system (PACS) and radiology information system (RIS) market is extremely consolidated, with the top five companies accounting for a share of over 61% in 2015. Transparency Market Research finds that GE Healthcare, Philips Healthcare, McKesson Corporation, Fujifilm Holdings Corporation, and Siemens Healthineers have significantly contributed to the global market over the years by providing an extra advantage to customers at a reasonable price.
“In contrast to…
PACS and RIS Market: Cloud-based PACS and RIS to Witness Most Promising Growth
The picture archiving and communication system (PACS) and radiology information system (RIS) market is extremely consolidated, with the top five companies accounting for a share of over 61% in 2015. Transparency Market Research finds that GE Healthcare, Philips Healthcare, McKesson Corporation, Fujifilm Holdings Corporation, and Siemens Healthineers have significantly contributed to the global market over the years by providing an extra advantage to customers at a reasonable price.
“In contrast to…
PACS and RIS Market Opportunity Analysis; Adoption of Cloud based PACS by Health …
Driven by the technological advancements in the medical and healthcare industry encouraged by governments across the world, the global market for picture archiving and communication systems (PACS) and radiology information systems (RIS) are likely to witness substantial growth over the forthcoming years.
According to Transparency Market Research (TMR), the total opportunity offered by the worldwide PACS and RIS market was US$2.2 bn in 2015. Expanding at a healthy CAGR of 7.0%…
PACS and RIS Market Opportunity Analysis 2024; Adoption of Cloud based PACS by H …
The opportunity in the global PACS and RIS market stood at US$2.2 bn in 2015 and, rising at a 7.0% CAGR during the forecast period, is estimated to be worth US$3.9 bn by 2024.
The picture archiving and communication system (PACS) and radiology information system (RIS) market is extremely consolidated, with the top five companies accounting for a share of over 61% in 2015. Transparency Market Research finds that GE Healthcare,…
Paxeramed launches Dental PACS solution
Paxeramed, an industry leading PACS /RIS developer has announced the launch of PaxeraDental, a comprehensive web-based PACS solution for acquiring dental images, diagnostics and reporting,
The solutions features extensive hanging protocols including various defined FMX templates, Interactive Visual tools to customize FMX templates and extensive radiographic dental projection including Periapical, Bitewing, Occlusal, Panoramic and cephalometric, the solution features easy to use dental charts to setup periapical view and Supports both permanent…
