About PACS Systems
Picture archiving and communication system (PACS) is a medical imaging technology that is used mainly in healthcare organizations to securely store and digitally transfer electronic images and clinically-relevant reports. The usage of PACS reduces the need to manually file and store, retrieve and send sensitive info, films, and reports. In its place, medical documentation and images can be securely housed in off-site servers and safely accessed fundamentally from anywhere in the world using PACS software, workstations, and mobile devices. The medical imaging storage technologies, for example, PACS are progressively significant as the volume of digital medical images grows all over the healthcare industry and data analytics of those images becomes more predominant.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global PACS Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Watson Health Imaging (United States), McKesson Corporation (United States), Agfa Healthcare (Belgium), Carestream Health (United States), Philips Healthcare (Netherlands), Sectra AB (Sweden), Siemens Healthineers (Germany), Novarad (United States), INFINITT North America (United States) and Intelerad Medical Systems (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Topcon Corporation (Japan), Sonomed Escalon (United States), Visbion (United Kingdom) and EyePACS, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global PACS Systems market by Type (Radiology PACS, Cardiology PACS, Pathology PACS, Ophthalmology PACS, Orthopedics PACS, Oncology PACS, Dermatology PACS, Neurology PACS, Endoscopy PACS, Women’s health PACS and Other) and Region.
On the basis of geography, the market of PACS Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the PACS Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the PACS Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the PACS Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On Oct 18, 2019 - Intelerad Medical Systems, a leader in enterprise workflow solutions, introduces Odyssey, its new AI-augmented workflow solution, designed to encourage the adoption of artificial intelligence without the prohibitive costs usually associated with such programs. and On Oct 11, 2019 - Siemens Healthineers has launched the ACUSON Redwood, a new ultrasound system built on the company’s new platform architecture and features advanced applications for greater clinical confidence, AI-powered tools for smart workflows and efficient high-performing imaging solution.
Market Drivers
- Rising Government Initiatives to Increase the Adoption of Healthcare IT Solutions
- Increasing Geriatric Population Along With Incidence of Various Diseases
Opportunities
- Integration of Artificial Intelligence with PACS Solutions
Restraints
- Secure Integration and Transmission of Patient Data
Challenges
- Stringent Government Regulations Regarding Healthcare Technology
Key Target Audience
Manufacturers of PACS Systems, Suppliers of Raw Material, Software Developers, Healthcare Industry, Governmental Bodies and Research Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.