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Picture Archiving and Communication System (PACS) Market Size Analysis-2027
Picture Archiving and Communication System (PACS) Market Size Analysis-2027
Picture Archiving and Communication System (PACS) Market Report- 2026 Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.

The Global PictureArchiving and Communication System (PACS) Market, by Deployment (Web Based,Cloud Based and On Premise), by Product (Mid End PACS, Enterprise PACS and MiniPACS), by End User (Hospitals, Clinics, Diagnostics Centers and Others) and byRegion (North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica) was valued at US$ 1.7 billion in 2017 and is projected to exhibit aCAGR of 5.5% over the forecast period (2018 – 2026).

The Picture Archiving andCommunication System (PACS) market is expected to gain significant traction,due to increasing demand for healthcare IT platforms. Increasing demand for healthcareIT is expected to drive growth of the market Improvements in the healthcare ITfield, such as the introduction of PACS and cloud computing have provided a newprospect to the healthcare providers and hospital to improve patient centricityby boosting operational efficiencies. Various government initiatives to promoteelectronic data sharing and EHR adoption will allow healthcare providers toimprove the clinical outcomes, with streamlining workflow. In 2009, HealthInformation Technology for Economic and Clinical Health (HITECH) Act, hasprovided over US$ 35billion incentives to expand and encourage the adoption anduse of EHRs by health care professionals and hospitals. Moreover, increase inthe competition among hospitals has made it necessary for management to takeappropriate measures increase their efficiency with the integration of thesesystems at all levels.

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Furthermore, the rapidly mountinggeriatric population base is demanding healthcare information systems such asPACS to meet the medical requirements. According to a NIH report, in 2015, 8.5%of people were aged 65 and over. This percentage is expected to reach around17% of the world’s population by 2050. Moreover, healthcare IT companies arecontinuously funding the development of new and advanced solutions. The adventof these solutions is, thus, providing growth opportunities in PACS market.

Browse 39 Market Data Tables and28 Figures spread through 180 Pages and in-depth TOC on “Picture Archiving andCommunication System (PACS) Market, by Deployment (Web Based, Cloud Based andOn Premise), by Product (Mid End PACS, Enterprise PACS and Mini PACS), by EndUser (Hospitals, Clinics, Diagnostics Imaging Centers and Others) and by Region(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -Global Forecast to 2026”

Key players are focusing on newproduct launches and improvements in existing ones in order to acceleratebusiness growth. For instance, in June, 2015, Ricoh India, a leader in thefield of Imaging Solutions, launched its fully integrated cloud-enabled PACSsolution ‘Picasso’. This new solution will provide access of medical images toclinicians and patients, along with reducing the cost of providing medicalcare. In 2017, FUJIFILM Medical Systems U.S.A., Inc., a leading provider ofdiagnostic imaging and medical informatics products, launched version 5 ofSynapse PACS in the U.S. Synapse 5 is one component of Fujifilm’s comprehensiveenterprise imaging portfolio which includes RIS, 3D, Cardiovascular, EnterpriseViewer, Synapse VNA, and cloud services.

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Key Takeaways of the PictureArchiving and Communication System (PACS) Market:

The global picture archiving andcommunication system (PACS) market is expected to exhibit a CAGR of 5.5% overthe forecast period, owing to increasing adoption of health IT among healthcareproviders.

Among deployment, the cloud basedsegment holds a dominant position in the picture archiving and communicationsystem (PACS) market, owing to more imaging modalities demanding cloud-basedPACS

Among product, the mid end PACSsegment holds a dominant position in the picture archiving and communicationsystem (PACS) market, owing to increase in adoption rate and growing demand forintegrated solutions Among end user, hospitals segment holds a dominantposition in the picture archiving and communication system (PACS) market, owingto increased usage in hospitals for imaging

North America picture archivingand communication system (PACS) market is expected to exhibit significantgrowth, owing to large number of hospitals and imaging centers using imagingtechniques

Key players operating in theglobal picture archiving and communication system (PACS) market includeAgfa-Gevaert Group, Carestream Health, FUJIFILM Medical Systems, INFINITTHealthcare Co. Ltd., GE Healthcare, Koninklijke Philips N.V., Merge HealthcareSolutions Inc., Mckesson Corp., Sectra AB and Siemens Healthineers.

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