Specialty PACS Market by Type (Radiology PACS, Orthopedics PACS, Oncology PACS, Pathology PACS, Endoscopy PACS, Women’s Health PACS), Deployment Model (On-Premises Specialty PACS And Cloud-Based Specialty PACS), End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global specialty PACS market was valued at $2,682.88 million in 2020, and is projected to reach $4,485.96 million by 2030, registering a CAGR of 5.5% from 2021 to 2030.
PACS (picture archiving and communication system) is a medical imaging technology used primarily in healthcare organizations to securely store and digitally transmit electronic images and clinically-relevant reports. The use of PACS eliminates the need to manually file, store, retrieve, and send sensitive information, films, and reports. In addition, medical documentation and images can be securely housed in off-site servers and safely accessed essentially from anywhere in the world using PACS software, workstations, and mobile devices. Medical imaging storage technologies such as PACS are increasingly important as the volume of digital medical images grow throughout the healthcare industry and data analytics of those images become more prevalent. PACS has four major parts, namely, hardware imaging machines; a secure network for the distribution and exchange of patient images; a workstation or mobile device for viewing, processing, and interpreting images; and electronic archives for storing and retrieving images and related documentation and reports. PACS has various uses that include replacement for need of hard-copy films and management of physical archives. It allows remote access, enabling clinicians in different physical locations to review same data simultaneously.
Increase in geriatric population and growing medical imaging volumes are the key factors that fuel growth of the specialty PACS market. Moreover, rise in prevalence of chronic diseases, increase in investments in medical imaging, rise in use of imaging equipment, increase in adoption of medical imaging health care IT solutions, rise in advancements in specialty PACS, growth in government initiatives to propel adoption of healthcare IT solution, and rise in awareness regarding early disease diagnosis are other factors that contribute toward growth of the market. However, unawareness among people regarding the technology, increase in cost of treatment, slow development in specialty PACS, and less government initiatives are expected to hinder growth of the market. Furthermore, rise in ambulatory centers, increase in advancements in R&D, reduced cost of product and treatment, rise in hospital facilities, and advancements in imaging solution provides lucrative opportunities for the market growth.
The specialty PACS market is segmented into type, deployment model, end user, and region. On the basis of type, the market is categorized into radiology PACS, orthopedics PACS, oncology PACS, pathology PACS, ophthalmology PACS, women’s health PACS, and others. By deployment model, it is categorized into on-premises specialty PACS and cloud-based specialty PACS. On the basis of end user, it is segregated into hospitals & clinics, ambulatory surgical centers, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the specialty PACS market is provided.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET SEGMENTS
By TYPE
Radiology PACS
Orthopedics PACS
Oncology PACS
Pathology PACS
Ophthalmology PACS
Women’s health PACS
Others
By DEPLOYMENT MODEL
On-premises Specialty PACS
Cloud-based Specialty PACS
By END USER
Hospitals & Clinics
Ambulatory Surgical Centers
Others
By REGION
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Canon Inc. (Canon Medical System Corporation)
INC Escalon Medical Corp.
EyePACS, LLC
IBM Corporation
INFINITT Healthcare Co. Ltd.
Koninklijke Philips N.V.
McKesson Corporation
Novarad
Onex Corporation (Carestream Health)
Siemens AG
List of Company Profiles
Canon Inc. (Canon Medical System Corporation)
Escalon Medical Corp.
EyePACS LLC
IBM Corporation
INFINITT Healthcare Co. Ltd.
Koninklijke PhilipsN.V.
McKesson Corporation
Novarad
Onex Corporation
Siemens AG
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