Picture Archiving and Communication Systems (PACS)

Picture Archiving and Communication Systems (PACS)

Global Picture Archiving and Communication Systems (PACS) Market to Reach US$4.5 Billion by 2030

The global market for Picture Archiving and Communication Systems (PACS) estimated at US$3.2 Billion in the year 2023, is expected to reach US$4.5 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Mid End PACS, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$3.0 Billion by the end of the analysis period. Growth in the Enterprise PACS segment is estimated at 3.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$851.0 Million While China is Forecast to Grow at 4.7% CAGR

The Picture Archiving and Communication Systems (PACS) market in the U.S. is estimated at US$851.0 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$712.7 Million by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.4% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Picture Archiving and Communication Systems (PACS)Market - Key Trends and Drivers Summarized

Picture Archiving and Communication Systems (PACS) are crucial in modern healthcare, enabling efficient storage, retrieval, and analysis of medical imaging across various medical fields such as radiology, cardiology, pathology, and oncology. Initially focused within radiology, PACS technology has expanded into comprehensive enterprise imaging systems that integrate across departments, enhancing the cohesion with electronic medical records (EMR). This growth is driven by the need to manage increasing volumes and complexities of medical imaging data, necessitating advances in technology to keep pace with new imaging equipment and the integration demands of broader health informatics systems. The future of PACS involves architectural changes to handle increasing data complexity and volume, integrating seamlessly with other health informatics systems and leveraging AI for predictive diagnostics and automation. The market is driven by the escalating volume of medical images due to chronic diseases, aging populations, and advancements like AI integration and cloud-based solutions ensuring data security and accessibility.

Technological advancements in imaging and PACS software enhance image quality and processing speeds, facilitating better clinical decisions. Integration with Electronic Health Records (EHR) is crucial for care coordination, driving the shift towards cloud-based solutions. Regulatory compliance with data protection laws like HIPAA and GDPR underscores the importance of secure PACS and cloud storage for medical data. AI integration improves diagnostic accuracy, while mobile-accessible PACS and Vendor Neutral Archives (VNA) support telehealth and seamless data access across platforms.

Cloud-based PACS offer scalability, flexibility, and cost-efficiency, enabling remote diagnostics and collaboration among healthcare professionals. AI algorithms automate tasks and enhance predictive capabilities, aiding in clinical decision-making. The growing adoption of VNA ensures vendor-neutral storage and accessibility of medical images, aligning with the trend towards integrated healthcare systems. Overall, PACS continues to evolve to meet the demands of an increasingly digital and interconnected healthcare landscape.

Select Competitors (Total 86 Featured) -

• Agfa Healthcare NV
• Aspyra LLC
• BRIT Systems Inc.
• Carestream Health Inc.
• Cerner Corporation
• DelftDI Healthcare IT
• Fujifilm Medical Systems U.S.A. Inc.
• GE Healthcare
• INFINITT Healthcare Co. Ltd.
• Intelerad Medical Systems Inc.
• McKesson Corporation
• Novarad Corporation
• Philips Healthcare
• Sectra AB
• Siemens Healthineers

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