Global Picture Archiving And Communication Overview
Introduction:
A vital component of PACS is its ability to store images digitally, which in turn offers a safe, centralized location for medical images and associated data. PACS makes it possible for medical professionals, workers, and various departments who work in the healthcare sector to easily store, transfer, and view medical images without any difficulty. It also provides the healthcare workers with a feature to observe, analyze, and interpret the results which can be predicted from these images.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Picture Archiving And Communication Dynamics
Drivers and Restrains:
- Rising prevalence of chronic diseases
Rising prevalence of chronic diseases has become one of the major factors in Picture Archiving and Communication System Market growth. The increase in the target market has been fueled by the rise in chronic illnesses which occur due to various lifestyle changes that are on rise today.
- Ageing Population Worldwide
Global population aging has also fueled this market growth as the demand for healthcare services, particularly diagnostic imaging is increasing. PACS systems facilitate effective medical image management, hence advancing the diagnosis process.
- Technological advancements
Technological advancements has become one of the major factors in Picture Archiving and Communication System Market growth. In order to enhance medical image analysis, storage, transfer, and retrieval, PACS systems are continuously evolving through the use of cloud-based technologies, AI, and machine learning. Market expansion is fueled by these advancements, which improve patient outcomes, workflow efficiency, and diagnostic accuracy. PACS interoperability has been enhanced by connection with Electronic Health Records (EHRs) and other healthcare systems, enabling smooth data interchange and thorough patient information management.
Restrains:
- Implementation Cost
Picture Archiving and Communication System even though is quite beneficial for the healthcare sector, in storage and retrieval of medical images, PACS deployment can be a challenging task as well as a significant upfront investment may be needed. In addition to the price of the software and hardware, this also covers the costs of employee training, system integration, and maintenance which may restrain the target market growth.
- Issues with Data Security
Picture Archiving and Communication System handles sensitive patient data in the form of medical images. It can be quite a difficult task to maintain robust data security protocols to protect patient privacy and comply with healthcare regulations, particularly in view of the increasing danger of cyber security assaults and crimes.
Global Picture Archiving And Communication Segmentation
Picture Archiving and Communication System Market is segmented based on Delivery mode, Component, End user, and Region.
Delivery mode Insights
On the basis of Delivery mode, Picture Archiving and Communication System Market is segmented into Premise and Cloud Based. Cloud based PACS has dominated the target market growth due to the advantages it has over premise based PACS in terms of flexibility, data resilience, smooth scalability, affordability, and real-time backup. Cloud-based solutions typically have reduced setup costs at first and do not require hardware to be maintained on-site, which lessens the workload associated with system upgrades and updates.
Component Insights
On the basis of Component, Picture Archiving and Communication System Market is segmented into Services, Software and Hardware. Service-Based (Cloud) PACS is becoming a popular choice for healthcare organizations worldwide, as it requires low initial investment, lower maintenance costs, has higher flexibility and accessibility.
End user Insights
On the basis of End user, Picture Archiving and Communication System Market is segmented into Hospital, Diagnostic Centers, Clinics, and Others. The hospital segment accounts for the majority of revenue share. Hospitals are using a lot of Healthcare Cloud PACS since disease problems are becoming more common. Furthermore, it is anticipated that hospitals would require more Cloud PACS because to the growing need for early diagnosis.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Picture Archiving and Communication System Market Regional Insights:
On region the Picture Archiving and Communication System Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America market is estimated to witness a significantly high revenue share over the forecast period, owing to rising prevalence of chronic diseases, technological advancements, presence of major key players, rising research & development activities and robust healthcare infrastructure.
- Asia Pacific market is estimated to witness fastest revenue share due to growing awareness in adoption of advanced technology in healthcare sector, growing demand for better diagnosis, and development in medical field.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2024 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Delivery Mode - Premise and Cloud Based
By Component - Services, Software and Hardware
By End User - Hospital, Diagnostic Centers, Clinics, and Others
|
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Picture Archiving and Communication System Market report based on Delivery Mode, component, end user, and region:
Picture Archiving and Communication System Market, By Delivery Mode:
- Premise Based
- Cloud Based
Picture Archiving and Communication System Market, By Component:
- Services
- Software
- Hardware
Picture Archiving and Communication System Market, By End User:
- Hospital
- Diagnostic Centers
- Clinics, and Others
Picture Archiving and Communication System Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Picture Archiving And Communication Key Players
The key players operating the Picture Archiving and Communication System Market includes, GE Healthcare, Koninklijke Philips N.V., Carestream Health, Agfa-Gevaert Group, FUJIFILM Medical Systems, INFINITT Healthcare Co. Ltd., Siemens Healthineers, IBM Watson Health and Change Healthcare.
Global Picture Archiving And Communication Key Issues Addressed
Recent Development:
- In June 2023, Change Healthcare introduced Stratus Imaging PACS, it is a fully functional cloud-native software that provides a scalable, secure solution at an affordable cost per study. Stratus Imaging PACS is crafted to maximize turnaround time and reading speed. Stratus Imaging PACS has a comprehensive SaaS approach to promote predictable costs and reduce IT management.
- In September 2022, Rady Hospital’s Helen and Will Webster Foundation 3D Innovations Lab collaborated to develop a new software tool called Media2DICOM. Media2DICOM is a tool for encapsulating various media, including 3D printable files in DICOMs. With Media2DICOM, you may choose a compatible file, encapsulate it as a DICOM, and add the necessary metadata by utilizing a reference DICOM that can be viewed via PACS or kept locally. Media2DICOM allows you to share 3D images through PACS with ease.
- In March 2022, Philips introduced a new cloud enabled enterprise imaging solution that can offer various features which are required for better management of medical images in the healthcare sector. Enterprise imaging solution is identified to have these core functions: Capture, store, view, exchange, and analyze the images as per requirement.
Global Picture Archiving And Communication Company Profile
- GE Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Koninklijke Philips N.V.
- Carestream Health
- Agfa-Gevaert Group
- FUJIFILM Medical Systems
- INFINITT Healthcare Co. Ltd.
- Siemens Healthineers
- IBM Watson Health
- Change Healthcare
“*” marked represents similar segmentation in other categories in the respective section
Global Picture Archiving And Communication Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Delivery Mode
- Market Snippet, By Component
- Market Snippet, By End user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Delivery Mode , Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- On Premise and Cloud Based
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Component, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Software and Hardware
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By End user, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Clinics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Diagnostic Centers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Delivery Mode , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Delivery Mode , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Delivery Mode , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Delivery Mode , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Delivery Mode , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- E Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Koninklijke Philips N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Carestream Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agfa-Gevaert Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- FUJIFILM Medical Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- INFINITT Healthcare Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Siemens Healthineers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
IBM Watson Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global picture archiving and communication system market has been segmented on the basis of mode of delivery, component, end user and region.
Significant factor to drive the growth of the picture archiving and communication system market is increasing demand for diagnosis of the various diseases, which is fundamental need for precise clinical output.
North America is expected to account major market share as compared to that of other regions.
The restraining factor for this can be to achieve success.
Key players operating in the picture archiving and communication system market include GE Healthcare, Koninklijke Philips N.V., Carestream Health, Agfa-Gevaert Group, FUJIFILM Medical Systems, INFINITT Healthcare Co. Ltd., Siemens Healthineers, IBM Watson Health and Change Healthcare.