Picture Archiving & Communication System (PACS) Market Overview
The report is titled ‘Picture Archiving & Communication System (PACS) Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the Picture Archiving & Communication System (PACS) market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Picture Archiving & Communication System (PACS) market is expected to grow at a significant rate in the near future.
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The picture archiving & communication system (PACS) market is estimated to reach at a value of US 1,202.9 Mn by the end of 2022 and expected to reach at a value of US$ 2,036.1 Mn by 2030 with a significant CAGR of 6.8%.
Picture Archiving & Communication System (PACS) Introduction
Picture archiving & communication system, also known as PACS in short, is an imaging technology that is widely adopted for diagnosis of health condition. It provides storage and access to images for multiple applications. The electronic images and reports are then transmitted digitally with the help of PACS; this action eliminates the need for manual files and folders used for storage, transport of film jackets, and protects x-ray films.
Its applications account for the replacement of hard copies, remote access, radiology workflow management, and electronic image integration platform. This technique is offered by all the leading medical imaging equipment manufacturers, independent software companies, and medical IT companies.
Picture Archiving & Communication System (PACS) Market Dynamics
Increasing governmental investment improving the Healthcare sector of the country, elevating the count of geriatric population and growing demand for mobile PACS Technology are the prime factors driving the growth of this market. Additionally, the advancement in technology coupled with the adoption of PACS by small hospitals is also increasing the demand for this technology. However, high maintenance and expensive nature of this technology may hamper the growth of this market.
The global Picture Archiving & Communication System (PACS) market is expected to increase at a significant CAGR over the forecast period owing to the demand of cloud-based PACS systems coupled with the adoption of technologically advanced equipment in health care centers, account to hospitals, clinic imaging centers and others. Moreover, increasing per capita income is also fuelling the demand for such advanced technologies.
Picture Archiving & Communication System (PACS) Market Key Players
Global Picture Archiving & Communication System (PACS) market is mainly dominated by Agfa-Gevaert Group, Carestream Health, FUJIFILM Medical Systems, GE Healthcare, INFINITT Healthcare Co. Ltd., Koninklijke Philips N.V., Mckesson Corp., Merge Healthcare Solutions Inc., Sectra AB and, Siemens Healthineers.
Picture Archiving & Communication System (PACS) Market Segmentation
The global Picture Archiving & Communication System (PACS) market is segmented on the basis of deployment type, components, business mode, end-users, and region.
On the basis of deployment type, the global Picture Archiving & Communication System (PACS) market can be segmented into web-based PACS, cloud-based PACS and on-premise. On the basis of components, the global Picture Archiving & Communication System (PACS) market can be segmented into imaging modalities, secured network, and workstations & archives. Imaging modalities are further segmented into x-ray, computed tomography (CT), magnetic resonance imaging (MRI), and others.
On the basis of business mode, the global Picture Archiving & Communication System (PACS) market can be segmented into the enterprise and departmental. On the basis of end-users, the global Picture Archiving & Communication System (PACS) market can be segmented into hospitals, clinic imaging, and dental practices, imaging centers, diagnostic centers, research & academic institutes, ambulatory surgical centers and others.
On the basis of region, the global Picture Archiving & Communication System (PACS) market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America Picture Archiving & Communication System (PACS) market is expected to be the most dominating market throughout the forecast period. Increasing consumer awareness and elevating the count of the elderly population is driving the growth of this market. In a day increasing applications of diagnostic images, adoption of cloud-based technologies and IoT is also feeling the growth of picture achieving and communication system market.
MMC Overview on Picture Archiving & Communication System (PACS) Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Picture Archiving & Communication System (PACS) market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
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