- In December 2024, Novarad expanded its global footprint by adding four new significant customers to its PACS platform, including institutions in the U.S. and the Philippines. The addition of these organizations highlights the growing demand for Novarad's NovaPACS EI, which enhances radiology image management, accessibility, and workflow efficiency. The system's scalability benefits healthcare providers of various sizes and supports better care coordination and timely diagnoses
- In August 2024, the U.S. Picture Archiving & Communication System (PACS) market was projected to reach $1.27 billion by 2029, growing at a 4.5% CAGR from $981 million in 2023. Key drivers include the increasing adoption of cloud-based solutions and AI integration, enhancing image resolution, processing speed, and data storage. Leading vendors such as Sectra, Fujifilm, Change Healthcare, Philips, Agfa, Intelerad, GE Healthcare, Carestream, and IBM continue to innovate in this space
- In November 2022, SEJONG Telecom, Inc. is collaborating with IRM Co., Ltd. and Pusan National University Hospital to establish a partnership aimed at developing a blockchain-based platform for managing medical data
- In March 2022, Tata Capital Healthcare Fund made its first investment in the health technology sector by investing $10 million into DeepTek. Augmento, the startup's brand, offers a cloud-based Picture Archiving and Communication System (PACS) solution for radiology imaging. This solution is enhanced with AI for medical image analysis and the automation of workflows, as stated by the company
