Global picture archiving and communication systems (PACS) market was valued at USD 1,695.3 million in 2017 and is anticipated to grow at a CAGR of 6.1% during the forecast period. picture archiving and communication system (PACS) is a medical imaging technology that provides convenient access and economical storage of pictures from multiple modalities. PACS eliminates the necessity of manually storing of files, folders and transport film jackets or additional protection of X-ray film.
The common format for PACS image is DICOM which stands for Digital Imaging and Communications in Medicine. Once compressed in DICOM format, the scanned documents with non-image data are incorporated using consumer industry standard formats such as PDF. A PACS includes major components that are, the imaging modalities such as CT (computed tomography), MRI (magnetic resonance imaging), and X-ray plain film, archives for the storage and retrieval of images and reports, a secured network for the transmission of patient information, and workstations for interpreting and reviewing images. Combined with emerging and available web technology, PACS has the ability to deliver efficient and timely access to related data, images, and interpretations. PACS decreases the time barriers associated with traditional film-based image display, retrieval, and distribution.
Global Picture Archiving and Communication Systems (PACS) Market Share, By Deployment, 2017 - 2026
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The global picture archiving and communication systems (PACS) market is majorly driven by growing adoption of healthcare IT and increasing usage of diagnostic imaging. The use of diagnostic medical imaging in a large integrated health system is increasing at a faster pace. Increasing demand by patients and physicians, extensive availability of technology, and favorable reimbursement scenarios are factors responsible for the rise in demand for PACS. Increasing awareness regarding the adoption of diagnostic imaging is rapidly growing, resulting a peers of amplified imaging data for image archiving and thus increasing the increased demand for PACS.
The global Picture Archiving and Communication Systems (PACS) Market is segmented on the basis of deployment, product, end user, and region. On the basis of deployment, the market is segmented into Web Based, Cloud Based and On Premises. On the basis of product, the market is further segmented into Mid End PACS, Enterprise PACS and Mini PACS. By End User, the global market is further categorized into Hospitals, Clinics, Diagnostics Imaging Centers and Others.
The picture archiving and communication systems (PACS) market report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is segmented into U.S., Canada, and Mexico. Europe is further divided into Germany, UK, France, and Italy. Asia-Pacific is further bifurcated into China, India, Japan. North America accounted for the largest share in the global Picture Archiving and Communication Systems (PACS) Market in 2017 owing to high presence of PACS manufacturing companies in North America.
The leading players in the Picture Archiving and Communication Systems (PACS) Market include FUJIFILM Medical Systems, Carestream Health, Agfa-Gevaert Group, INFINITT Healthcare Co. Ltd., Merge Healthcare Solutions Inc., Mckesson Corp., GE Healthcare, Koninklijke Philips N.V., Sectra AB and Siemens Healthineers among others. The leading players in the market are introducing new innovative products in the market to cater to the growing consumer demands. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.