Global Departmental Picture Archiving and Communication System (PACS) Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Departmental Picture Archiving and Communication System (PACS) Market, By Type (Radiology PACS, Cardiology PACS, Others), Components (Services, Software, Hardware), Application (Computed Tomography, Ultrasound, MRI, C-Arms, Digital Radiography, Nuclear Imaging, Computed Radiography), Deployments (Web-Based, On-Premise, Cloud Based), End Users (Hospitals, Clinic Imaging, Dental Practices, Imaging Centers, Diagnostic Centers, Research and Academic Institutes, Ambulatory Surgical Centers and Others) – Industry Trends and Forecast to 2029.

Departmental Picture Archiving and Communication System (PACS) Market

Global Departmental Picture Archiving and Communication System (PACS) Market Analysis and Size

The picture archiving and communication system (PACS) has fundamentally transformed the way images and data are managed in the healthcare business and even has proven itself to be a game-changing technical development. These advantages, the market will proliferate over forecasted timeline. Moreover, the current industry trends include various government initiatives to increase IT usage in healthcare across the globe, which result in the expansion of market in the long run.

  • The departmental picture archiving and communication system (PACS) market was valued at USD 2.0 billion in 2021 and is expected to reach USD 4.86 billion by 2029, registering a CAGR of 10.00% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Departmental Picture Archiving and Communication System (PACS) Market Definition

Departmental picture archiving and communication system (PACS) is basically a type of imaging technology that caters to the requirements of a modality or modality application. It is a medical technology that aids in the storage, presentation, retrieval, distribution, and management of medical pictures as well as the management of a department's commercial activities. As a result, departmental PACS enable quick access to departmental data, interpretation, and pictures. One of the key advantages of this technology is that it eliminates the need for medical photographs on physical copies. A departmental PACS system may be used for a variety of purposes, but its setup necessitates the use of professional employees. The term "departmental PACS" refers to an image management system dedicated to servicing the demands of a single modality or modality application. It will offer a modality-specific method of picture capture, customized image redisplay, dissemination, and local long-term image storage.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Type (Radiology PACS, Cardiology PACS, Others), Components (Services, Software, Hardware), Application (Computed Tomography, Ultrasound, MRI, C-Arms, Digital Radiography, Nuclear Imaging, Computed Radiography), Deployments (Web-Based, On-Premise, Cloud Based), End Users (Hospitals, Clinic Imaging, Dental Practices, Imaging Centers, Diagnostic Centers, Research and Academic Institutes, Ambulatory Surgical Centers and Others)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

Agfa-Gevaert Group. (Belgium), Lexmark International, Inc. (U.S.), Carestream Health (U.S.), General Electric Company (U.K.), Philips India Limited (The Netherlands), McKesson Corporation (U.S.), Novarad (U.S.), Fujifilm Corporation (Japan), Siemens (Germany), Mach7t (U.S.), IBM (U.S.), DeJarnette Research Systems, Inc.  (U.S.), and BridgeHead Software Ltd. (U.K.) 

Departmental Picture Archiving and Communication System (PACS) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Growing Prevalence Of Chronic Diseases

The growing burden of chronic diseases, is the most significant factor driving the growth for this market. With rising concern for diseases, the adoption of diagnostic imaging is rapidly increasing, thus increasing the demand for PACS, which is also expected to accelerate the market's overall growth.

Growing Investments and Advancements

Rapid advancements in medical technology coupled with the increased focus on research and development proficiencies in the healthcare sector are also projected to cushion the market's growth. The increased acceptance of connected healthcare solutions, such as electronic health record, PACS, PHR and RIS due to the various government initiatives will further expand the market's growth rate in the future.

Furthermore, the increased adoption of efficient archival technology and data storage are also expected to fuel market growth. Moreover, the integration of radiology information systems (RIS) and PACS aids hospitals in storing, managing and retrieve huge volume of medical image data, which also bolsters the market's growth rate.

Restraints/Challenges Global Departmental Picture Archiving and Communication System (PACS) Market

  • High Costs

On the flip side, the budgetary constraints and high acquisition as well as the installation costs is expected to hammer down the market growth.

  • Security Concerns

The increased data breach incidents and privacy and security concerns are projected to challenge the departmental picture archiving and communication system (PACS) market in the forecast period of 2022-2029.

The dearth of skilled personnel or trained expertise to operate the technology will further create hindrances for the growth of the market. Lack of harmonization will also hinder the growth rate.

Opportunities

  • Adoption of Various Healthcare Solutions Will Offer Growth Opportunities

Surging adoption of various healthcare IT solutions across the healthcare sector along with the growing adoption of medical imaging IT solutions will offer various growth opportunities for the market in the near future.

Additionally, the growing investments in medical imaging and the surging demand for standard-based medical image archiving will also generate significant opportunities which will accelerate the growth of the market.

This departmental picture archiving and communication system (PACS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the departmental picture archiving and communication system (PACS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post Covid-19 Impact on Departmental Picture Archiving and Communication System (PACS) Market

The departmental picture archiving and communication system (PACS) market was adversely affected by the outbreak of COVID-19. The imposition of the government's lockdown and social distancing restrictions to curb the COVID-19 pandemic outbreak led to the disturbances in production, halt of various operations, supply chain disruptions, and stifling business growth. Additionally, the decline in hospital visits by patients also impacted growth of the market. These challenges further lead to short supply and further limited the growth of the market.

However, with gradual slowdown of disease, the situation is expected to change as the restrictions of the government measures are likely to relax. This will help market to witness a slight increment post COVID-19.

Global Departmental Picture Archiving and Communication System (PACS) Market Scope

The departmental picture archiving and communication system (PACS) market is segmented on the basis of type, components, application, deployments and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Radiology PACS
  • Cardiology PACS
  • Others

On the basis of type, the departmental picture archiving and communication system (PACS) market is segmented into radiology PACS, cardiology PACS and others.

Components

  • Services
  • Software
  • Hardware

On the basis of components, the departmental picture archiving and communication system (PACS) market is segmented into services, software and hardware.

Application

  • Computed Tomography
  • Ultrasound
  • MRI
  • C-Arms
  • Digital Radiography
  • Nuclear Imaging
  • Computed Radiography

On the basis of application, the departmental picture archiving and communication system (PACS) market is segmented into computed tomography, ultrasound, MRI, c-arms, digital radiography, nuclear imaging and computed radiography.

Deployments

  • Web-Based
  • On-Premise
  • Cloud Based

On the basis of deployments, the departmental picture archiving and communication system (PACS) market is segmented into web-based, on-premise and cloud based.

End User

  • Hospitals
  • Clinic Imaging
  • Dental Practices
  • Imaging Centers
  • Diagnostic Centers
  • Research and Academic Institutes
  • Ambulatory Surgical Centers
  • Others

On the basis of end user, the departmental picture archiving and communication system (PACS) market is bifurcated into hospitals, clinic imaging, dental practices, imaging centers, diagnostic centers, research and academic institutes, ambulatory surgical centers and others.

Departmental Picture Archiving and Communication System (PACS) Market Regional Analysis/Insights

The departmental picture archiving and communication system (PACS) market is analyzed and market size insights and trends are provided by country, type, components, application, deployments and end users as referenced above.

The countries covered in the departmental picture archiving and communication system (PACS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the departmental picture archiving and communication system (PACS) market because of the prevalence of sophisticated level of healthcare infrastructure, presence of major manufacturers, increased adoption of medical imaging technologies and increasing adoption of cloud based solutions and services within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the huge patient pool, rising awareness regarding the benefits departmental PACS medical technology and the development in the healthcare IT sector within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The departmental picture archiving and communication system (PACS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for departmental picture archiving and communication system (PACS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the departmental picture archiving and communication system (PACS) market. The data is available for historic period 2010-2020.

Competitive Landscape and Departmental Picture Archiving and Communication System (PACS) Market Share Analysis

The departmental picture archiving and communication system (PACS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to departmental picture archiving and communication system (PACS) market.

Some of the major players operating in the departmental picture archiving and communication system (PACS) market are Agfa-Gevaert Group. (Belgium), Lexmark International, Inc. (U.S.), Carestream Health (U.S.), General Electric Company (U.K.), Philips India Limited (The Netherlands), McKesson Corporation (U.S.), Novarad (U.S.), Fujifilm Corporation (Japan), Siemens (Germany), Mach7t (U.S.), IBM (U.S.), DeJarnette Research Systems, Inc.  (U.S.), and BridgeHead Software Ltd., (U.K.) among others.

Research Methodology : Global Departmental Picture Archiving and Communication System (PACS) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-departmental-pacs-market

Customization Available : Global Departmental Picture Archiving and Communication System (PACS) Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Departmental Picture Archiving and Communication System (PACS) Market will be projected USD 4.86 billion during the forecast period of 2022 to 2029.
The Departmental Picture Archiving and Communication System (PACS) Market is Estimated to Register a CAGR of 10% During the Forecast Period of 2022 to 2029.
The Factor such as Increased Acceptance of Connected Healthcare Solutions, Surging Demand for Standard-Based Medical Image Archiving and the Increased Adoption of Efficient Archival Technology and Data Storage are the Major Drivers for the Departmental Picture Archiving and Communication System (PACS) Market.
The Major Companies Operating in the Departmental Picture Archiving and Communication System (PACS) Market are General Electric Company (U.K.), Philips India Limited (The Netherlands), McKesson Corporation (U.S.), Novarad (U.S.), Fujifilm Corporation (Japan) and Siemens (Germany).
The Countries Covered in the Departmental Picture Archiving and Communication System (PACS) Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.