Picture Archiving and Communication System (PACS) Market - Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and by Key Players - GE Healthcare, Siemens Healthineers AG

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Picture Archiving and Communication System (PACS) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.9% during the review period (2022 to 2027).

Picture Archiving and Communication System (PACS) Market Overview

The picture archiving and communication system (PACS) has evolved as an essential tool for physicians and radiologists to share digital images and patient data across a healthcare system. The desire to improve digital workflows is a major driver of the PACS market's attractiveness. They're widely used in diagnostic imaging, particularly in magnetic resonance imaging (MRI) systems. They are rapidly replacing film-based processes in healthcare systems around the world, which has fueled the growth of the PACS industry.

Industry News:

July 29, 2021

Medical technology company GE Healthcare has selected six Indian startups under its 'Cohort 3' programmer to help them build and scale up their technologies for their target market segments.

What are the major Applications, Types, and Regions for Picture Archiving and Communication System (PACS) Market?

Picture Archiving and Communication System (PACS) Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

•     Cloud-based PACS


•     On-premise PACS


•     Cloud-based PACS had a market share of 76% in 2018.

By Applications it is segmented into

•     Hospital


•     Clinics


•     Other


•     Hospital is the greatest segment of Picture Archiving and Communication System (PACS) application, with a share of 76% in 2018.

Picture Archiving and Communication System (PACS) Market Regional Analysis

Asia Pacific is the fastest growing Picture Archiving and Communications Systems market owing to a huge patient pool, increasing demand for diagnosis, and development in the healthcare IT sector. According to IBEF, the Healthcare Information Technology (IT) market was valued at USD 1 billion in 2016 which is estimated to grow 1.5 times by 2020.

All these factors greatly affect the Picture Archiving and Communication System (PACS) market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Picture Archiving and Communication System (PACS) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Picture Archiving and Communication System (PACS) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Picture Archiving and Communication System (PACS) Market report scope?

Scope of the Report covers Picture Archiving and Communication System (PACS) Market with detailed analysis of the overall scenario for the market. It also highlights the business participant’s environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Picture Archiving and Communication System (PACS) Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.

Key Takeaways from this Picture Archiving and Communication System (PACS) Report

• Evaluate Picture Archiving and Communication System (PACS) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Picture Archiving and Communication System (PACS) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Picture Archiving and Communication System (PACS) Market is studied from 2017 - 2027.

What is the growth rate of Picture Archiving and Communication System (PACS) Market?

The Picture Archiving and Communication System (PACS) Market is growing at a CAGR of 5.9% over the next 5 years.

Who are the key players in Picture Archiving and Communication System (PACS) Market?

, GE Healthcare, Siemens Healthineers, Koninklijke Philips (Philips Healthcare), Fujifilm, Carestream Health, Agfa-Gevaert, Change Healthcare, Ashva Digital Healthcare, Dell, Sectra AB, CERNER, INFINITT Healthcare, Visage Imaging, PaxeraHealth, Esaote SpA,

What region does this Picture Archiving and Communication System (PACS) Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Picture Archiving and Communication System (PACS) Market?

 Cloud-based PACS, On-premise PACS, Cloud-based PACS had a market share of 76% in 2018.

What are the major end-use applications of Picture Archiving and Communication System (PACS) Market?

 Hospital, Clinics, Other, Hospital is the greatest segment of Picture Archiving and Communication System (PACS) application, with a share of 76% in 2018.