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The global picture archiving and communications system (PACS) industry is anticipated to grow at a significant pace, owing to the penetration of information technology in the field of healthcare. The growing adoption of IT has enabled the healthcare sector in utilising diagnostic imaging to detect various disorders. The growing popularity of cloud-based technology is further bolstering the market growth. Growing government investments to improve healthcare infrastructure, growing demand for patient-centric approach, favourable reimbursement policies, and growing demand for hospitals and diagnostic centres are the factors bolstering the market growth.
Among the regions, North America is projected to accounts for a significant share in the industry growth in the forecast period. This growth of the market in the region is attributed to the availability of advanced healthcare infrastructures and the presence of the latest technology. The Asia Pacific is likely to provide fresh opportunities for the market growth as it is developing at a rapid pace. Developing economies like India and China have invested heavily on healthcare facilities and are encouraging healthcare IT adoption, which are expected to catalyse the growth of the picture archiving and communications system (PACS) industry.
GE Healthcare (NYSE:GE), Siemens Healthcare, and Fujifilm Corporation, among others, are some of the key players in the industry. The growing R&D activities and improved product launches by these manufacturers are expected to bolster the market growth. There is an increased penetration of these key players in the North America. Fujifilm has a significant presence in the United States surgical C-arm and radiographic fluoroscopy markets, which is strengthening the company’s position in the picture archiving and communications system (PACS) industry.
Market Breakup by Component, Development Type, Imaging Type, Type, End Use, and Region:
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The major players in the global picture archiving and communications system (PACS) market are GE Healthcare, Siemens Healthcare GmbH, Fujifilm Corporation, Sectra AB, Infinitt Healthcare Co. Ltd., and IBM Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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