Picture Archiving and Communication System Market 2017 by Key Players: GE Healthcare, Koninklijke Philips N.V.-(Philips Healthcare), Carestream Health, Agfa-Gevaert Group, FUJIFILM Medical Systems

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.

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Market dynamics

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.

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.

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Market forecast

The global PACS market is segmented on the basis of deployment, components, business mode, end-use, and region. By deployment, PACS market is segmented into web-based PACS, cloud-based PACS and on-premise. Moreover, by components market is categorized into imaging modalities, secured network, and workstation and archives. On the basis of business mode, PACS market is fragmented into enterprise and departmental. Further PACS market end-users are hospitals, clinic imaging, dental practices, imaging centers, diagnostic centers, research & academic institutes, ambulatory surgical centers, and others. Key regions covered in the report are North America, Western Europe, Asia-Pacific excluding Japan, Eastern Europe, Middle East & Africa, Latin America and Japan.

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