What is PACS Software Market?
Picture Archiving and Communication Software are used by medical practitioners to store and distribute medical images within and between medical practices. This software is used to stores images and reports, instead of using the old method of manually filing, retrieving, and transporting film jackets, which are used for storing X-ray film.
The market study is being classified 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 specialty PACS) and major geographies with country level break-up.
IBM Corporation (United States), McKesson Corporation (United States), Agfa Healthcare (Belgium), Carestream Health (Canada), Philips Healthcare (Netherlands), Sectra AB (Sweden), Siemens Healthineers (Germany), Novarad (United States), INFINITT North America (United States), Intelerad Medical Systems (Canada), Topcon Corporation (Japan) and Sonomed Escalon (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Canon USA, Inc. (United States), Visbion (United Kingdom) and EyePACS, LLC (United States).
Research Analyst at AMA predicts that European and United States Players will contribute to the maximum growth of Global PACS Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global PACS Software market by Type, Application and Region.
On the basis of geography, the market of PACS Software 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Government Initiatives to Increase the Adoption of Healthcare It Solutions
- Growing Adoption of Medical Imaging It Solutions
- Increasing Geriatric Population and the Subsequent Growth in the Incidence of Various Diseases
Market Trend
- Growing Investments in Medical Imaging
- Advantages Associated With Specialty PACS
Restraints
- Lack of Skilled Working Professionals
Opportunities
- Integration of Artificial Intelligence With Specialty PACS Solutions
- Growth Opportunities Offered By Cloud-Based Specialty PACS Solutions
Challenges
- High Cost Associated with PACS System and Software
Market Leaders and some development strategies
In April 2019, Sectra and Deventer Hospital (Netherlands) signed a contract to install Sectra’s PACS solutions across the radiology and nuclear medicine departments at the Deventer Hospital.
In February 2019, Agfa HealthCare and Noordwest Ziekenhuisgroep (Netherlands) entered into a collaboration, to optimize patient care by implementing Agfa’s enterprise imaging solutions.
Key Target Audience
PACS Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others