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Picture Archiving and Communication System (PACS) Market Report and Forecast 2023-2031

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    Report

  • 147 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797824
The global picture archiving and communication system (PACS) market size attained a value of USD 2.76 billion in 2022. The market is anticipated to grow at a CAGR of 6.2% during the forecast period of 2023-2031 to attain a value of USD 4.76 billion by 2031.

Picture Archiving and Communication System PACS Market: Introduction

A Picture Archiving and Communication System (PACS) is a medical imaging technology that provides economical storage and convenient access to images from multiple modalities, such as X-rays, MRIs, CT scans, etc. The system primarily serves as a replacement for traditional physical film-based retention and access methods.

Uses of PACS include:

  • Image Storage and Retrieval: PACS stores images in a digital format, allowing healthcare providers to easily retrieve, distribute, and manage them
  • Image Viewing: PACS often comes with specialized viewing software that lets healthcare providers view images on computer screens, often with tools that allow them to adjust image parameters to assist in analysis
  • Integration with Other Systems: PACS can integrate with other hospital information systems like Electronic Medical Records (EMR), Radiology Information Systems (RIS), and Hospital Information Systems (HIS), providing a comprehensive patient history

Benefits of PACS include:

  • Efficiency: PACS improves efficiency by enabling instant access to imaging data from any connected workstation in the hospital. This eliminates the time spent retrieving and transporting physical films.
  • Cost Savings: By eliminating the need for film and film storage, PACS can result in significant cost savings.
  • Improved Care: PACS allows for faster diagnosis and treatment because images and reports can be simultaneously viewed by physicians in multiple locations.
  • Space Saving: As PACS uses digital storage, it eliminates the need for large storage spaces required for physical films.
  • Image Quality: Digital images do not degrade over time and can be enhanced and manipulated with software for better visualization of details.
In summary, a Picture Archiving and Communication System (PACS) is a medical imaging technology that provides digital storage and access to images from multiple modalities. It offers various benefits including improved efficiency, cost savings, better patient care, and space-saving, making it a vital component of modern healthcare facilities.

Picture Archiving and Communication System Market Segmentations

The market can be categorised into component, deployment type, imaging type, type, end user, and region.

Picture Archiving and Communication System PACS Market Breakup by Component

  • Hardware
  • Software
  • Services

Picture Archiving and Communication System PACS Market Breakup by Deployment type

  • On-Premise
  • On-Demand
  • SAAS

Picture Archiving and Communication System PACS Market Breakup by Imaging Type

  • X-Ray
  • MRI
  • PET-CT
  • Ultrasound
  • Nuclear Imaging
  • Others

Picture Archiving and Communication System PACS Market Breakup by Type

  • Cardiology PACS (C-PACS)
  • Dental PACS
  • Oncology PACS
  • Orthopaedics
  • Others

Picture Archiving and Communication System PACS Market Breakup by End user

  • Hospitals
  • Clinical/Imaging Centres
  • Dental Practices
  • Diagnostic Centres
  • Research and Academic Institutes
  • Ambulatory Surgical Centres
  • Others

Picture Archiving and Communication System PACS Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Picture Archiving and Communication System PACS Market Scenario

  • The global Picture Archiving and Communication System (PACS) market is experiencing significant growth and is expected to continue this trend in the coming years. This growth is driven by several factors including the increasing prevalence of chronic diseases, the rising geriatric population, advancements in diagnostic imaging technology, and the growing demand for digitization in healthcare
  • The prevalence of chronic diseases, such as cancer and cardiovascular disease, which require long-term patient monitoring and regular diagnostic imaging, is increasing worldwide. This is creating a higher demand for PACS as they allow for efficient storage, retrieval, and management of imaging data
  • In addition, the aging population is prone to various diseases and conditions, which require frequent medical imaging for diagnosis and treatment monitoring. This demographic trend is also contributing to the growth of the PACS market
  • The advancement in technology is another major driver of the PACS market. Technological improvements are leading to the development of more advanced PACS with better image retrieval capabilities, more efficient storage solutions, and better integration capabilities with other healthcare IT solutions. The incorporation of cloud-based PACS and AI technology into PACS is also fuelling the market growth
  • On the other hand, the high cost of implementation and issues related to data security and privacy can hinder the growth of the PACS market. Also, the lack of skilled IT professionals in healthcare can pose a challenge for the implementation and management of PACS
  • Geographically, North America holds a significant share of the global PACS market due to the high adoption of advanced healthcare technologies, increased healthcare expenditure, and the presence of key market players in the region. However, the Asia-Pacific region is anticipated to witness significant growth in the PACS market due to the increasing healthcare infrastructure, growing prevalence of chronic diseases, and rising healthcare digitization in the region
In conclusion, the global PACS market is expected to grow significantly in the coming years due to factors such as the increasing prevalence of chronic diseases, advancements in technology, and the growing demand for healthcare digitization. However, challenges such as high costs and data security concerns need to be addressed to optimize the market growth.

Key Players in the Global Picture Archiving and Communication System Market

The report gives an in-depth analysis of the key players involved in the Picture Archiving and Communication System PACS market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • Carestream Health
  • General Electric Company
  • Siemens Healthineers AG
  • Fujifilm Holding Corporation
  • Infinitt Healthcare Co. Ltd
  • Sectra AB
  • IBM Corporation
  • Merge Healthcare Solutions Inc
  • Mckesson Corporation
  • ScImage, Inc
  • Brit Systems
  • PACSHealth, LLC
  • Agfa-Gevaert Group

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Picture Archiving and Communication System (PACS) Market Overview
3.1 Global Picture Archiving and Communication System (PACS) Market Historical Value (2016-2022)
3.2 Global Picture Archiving and Communication System (PACS) Market Forecast Value (2023-2031)
4 Global Picture Archiving and Communication System (PACS) Market Landscape
4.1 Global Picture Archiving and Communication System (PACS) Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Picture Archiving and Communication System (PACS) Product Landscape
4.2.1 Analysis by Component
4.2.2 Analysis by Deployment Type
4.2.3 Analysis by Imaging Type
4.2.4 Analysis by Type
4.2.5 Analysis by End User
5 Global Picture Archiving and Communication System (PACS) Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Picture Archiving and Communication System (PACS) Market Segmentation
6.1 Global Picture Archiving and Communication System (PACS) Market by Component
6.1.1 Market Overview
6.1.2 Hardware
6.1.3 Software
6.1.4 Services
6.2 Global Picture Archiving and Communication System (PACS) Market by Deployment Type
6.2.1 Market Overview
6.2.2 On-Premise
6.2.3 On-Demand
6.2.4 SAAS
6.3 Global Picture Archiving and Communication System (PACS) Market by Imaging Type
6.3.1 Market Overview
6.3.2 X-Ray
6.3.3 MRI
6.3.4 PET-CT
6.3.5 Ultrasound
6.3.6 Nuclear Imaging
6.3.7 Others
6.4 Global Picture Archiving and Communication System (PACS) Market by Type
6.4.1 Market Overview
6.4.2 Cardiology PACS (C-PACS)
6.4.3 Dental PACS
6.4.4 Oncology PACS
6.4.5 Orthopaedics
6.4.6 Others
6.5 Global Picture Archiving and Communication System (PACS) Market by End User
6.5.1 Market Overview
6.5.2 Hospitals
6.5.3 Clinical/Imaging Centres
6.5.4 Dental Practices
6.5.5 Diagnostic Centres
6.5.6 Research and Academic Institutes
6.5.7 Ambulatory Surgical Centres
6.5.8 Others
6.6 Global Picture Archiving and Communication System (PACS) Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Picture Archiving and Communication System (PACS) Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Picture Archiving and Communication System (PACS) Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Picture Archiving and Communication System (PACS) Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Picture Archiving and Communication System (PACS) Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Picture Archiving and Communication System (PACS) Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Carestream Health
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 General Electric Company
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Siemens Healthineers AG
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Fujifilm Holding Corporation
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Infinitt Healthcare Co. Ltd.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Sectra AB
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 IBM Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Merge Healthcare Solutions Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Mckesson Corporation
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 ScImage, Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Brit Systems
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 PACSHealth, LLC
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Agfa-Gevaert Group
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Picture Archiving and Communication System (PACS) Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Carestream Health
  • General Electric Company
  • Siemens Healthineers AG
  • Fujifilm Holding Corporation
  • Infinitt Healthcare Co. Ltd.
  • Sectra Ab
  • Ibm Corporation
  • Merge Healthcare Solutions Inc.
  • Mckesson Corporation
  • Scimage, Inc.
  • Brit Systems
  • Pacshealth, LLC
  • Agfa-Gevaert Group

Methodology

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Table Information