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Global Picture Archiving and Communication System (PACS) Market: By Components: Hardware, Software, Services; By Deployment Type; By Imaging Type; By Type; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Picture Archiving and Communication System (PACS) Market Outlook
The global picture archiving and communication system (PACS) market is expected to grow at a CAGR of 5.8% in the forecast period of 2021-2026.
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The adoption of picture archiving and communication system (PACS) has increased as it reduces the time barriers associated with conventional film-based image retrieval as well as its distribution. Its use eliminates the need for maintaining hard copies of images and allows the easy management and transfer of patient data through its digital storage technology.
North America to Significantly Contribute to the Growth of the Picture Archiving and Communication System (PACS) Industry
North America accounted for a significant share of the industry in 2020. The growth of the industry in North America can be attributed to the availability of advanced healthcare infrastructures and the presence of latest technology. The increased penetration of key market players in the region, coupled with the growing utilisation of picture archiving and communication system (PACS) in hospitals, are also aiding the industry growth. Meanwhile, the Asia Pacific is expected to provide new opportunities for the market growth in the forecast period owing to the favourable initiatives by the governments of emerging regions like India and China to improve healthcare facilities and encourage healthcare IT adoption.
Picture Archiving and Communication System (PACS): Industry Definition and Segmentation
Picture archiving and communication system (PACS) is a mechanism used in medical imaging that allows healthcare professional and clinicians to store and transfer digital images and patient data throughout a healthcare system. The system offers cost effective and manageable access to images from various source modalities like X-ray plain film (PF), computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound, among others. PACS is being preferred over film-based processes as it improves availability of images, enhances processing speed with zero loss of radiology images, allows inter-hospital image transfer, and facilitates digitising of old films.
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Based on components, the market is divided into:
- Hardware
- Software
- Services
Based on development type, the industry can be segmented into:
- On-Premise
- On-Demand
- SAAS
By imaging type, the market is segmented into:
- X-Ray
- MRI
- CT
- Ultrasound
- Nuclear Imaging
- Others
By type, the industry can be categorised into:
- Cardiology PACS (C-PACS)
- Dental PACS
- Oncology PACS
- Others
Based on end use, the industry is categorised into:
- Hospitals
- Clinical Imaging
- Dental Practices
- Imaging Centres
- Diagnostic Centres
- Research and Academic Institutes
- Ambulatory Surgical Centres
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Healthcare IT Adoption and Rapid Technological Advancements to Boost the Demand for Picture Archiving and Communication System (PACS)
The picture archiving and communication system (PACS) industry is being driven by the growing adoption of healthcare IT infrastructure and increased utilisation of diagnostic imaging to detect various disorders. This is further supported by the growing popularity of cloud-based technology in an integrated healthcare system to improve digital workflows. The growing demand for improved solutions to enable easy access and secured transfer of clinical information to protect privacy of patients is resulting in the increased demand for picture archiving and communication system (PACS). Other factors driving the market growth include the growing government investments to improve healthcare infrastructure, growing adoption of patient-centric approach, favourable reimbursement policies, and the growing demand from hospitals and diagnostic centres. Over the forecast period, the growing R&D activities and improved product launches by the manufacturers are expected to further propel the market growth.
Key Industry Players in the Global Picture Archiving and Communication System (PACS) Market
The report gives a detailed analysis of the following key players in the global picture archiving and communication system (PACS) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- GE Healthcare
- Siemens Healthcare GmbH
- Fujifilm Corporation
- Sectra AB
- Infinitt Healthcare Co. Ltd.
- IBM Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Picture Archiving and Communication System (PACS) Market Analysis
8.1 Key Industry Highlights
8.2 Global Picture Archiving and Communication System (PACS) Historical Market (2016-2020)
8.3 Global Picture Archiving and Communication System (PACS) Market Forecast (2021-2026)
8.4 Global Picture Archiving and Communication System (PACS) Market by Components
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global Picture Archiving and Communication System (PACS) Market by Deployment Type
8.5.1 On-Premise
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 On-Demand
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 SAAS
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.6 Global Picture Archiving and Communication System (PACS) Market by Imaging Type
8.6.1 X-Ray
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 MRI
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 CT
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Ultrasound
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Nuclear Imaging
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2016-2020)
8.6.5.3 Forecast Trend (2021-2026)
8.6.6 Others
8.7 Global Picture Archiving and Communication System (PACS) Market by Type
8.7.1 Cardiology PACS (C-PACS)
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Dental PACS
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Oncology PACS
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Others
8.8 Global Picture Archiving and Communication System (PACS) Market by End Use
8.8.1 Hospitals
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2016-2020)
8.8.1.3 Forecast Trend (2021-2026)
8.8.2 Clinical Imaging
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2016-2020)
8.8.2.3 Forecast Trend (2021-2026)
8.8.3 Dental Practices
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2016-2020)
8.8.3.3 Forecast Trend (2021-2026)
8.8.4 Imaging Centres
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2016-2020)
8.8.4.3 Forecast Trend (2021-2026)
8.8.5 Diagnostic Centres
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2016-2020)
8.8.5.3 Forecast Trend (2021-2026)
8.8.6 Research and Academic Institutes
8.8.6.1 Market Share
8.8.6.2 Historical Trend (2016-2020)
8.8.6.3 Forecast Trend (2021-2026)
8.8.7 Ambulatory Surgical Centres
8.8.7.1 Market Share
8.8.7.2 Historical Trend (2016-2020)
8.8.7.3 Forecast Trend (2021-2026)
8.8.8 Others
8.9 Global Picture Archiving and Communication System (PACS) Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 GE Healthcare
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Siemens Healthcare GmbH
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Fujifilm Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Sectra AB
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Infinitt Healthcare Co. Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 IBM Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Picture Archiving and Communication System (PACS) Market: Key Industry Highlights, 2016 and 2026
2. Global Picture Archiving and Communication System (PACS) Historical Market: Breakup by Components (USD Billion), 2016-2020
3. Global Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Components (USD Billion), 2021-2026
4. Global Picture Archiving and Communication System (PACS) Historical Market: Breakup by Deployment Type (USD Billion), 2016-2020
5. Global Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Deployment Type (USD Billion), 2021-2026
6. Global Picture Archiving and Communication System (PACS) Historical Market: Breakup by Imaging Type (USD Billion), 2016-2020
7. Global Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Type (USD Billion), 2021-2026
8. Global Picture Archiving and Communication System (PACS) Historical Market: Breakup by Type (USD Billion), 2016-2020
9. Global Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Imaging Type (USD Billion), 2021-2026
10. Global Picture Archiving and Communication System (PACS) Historical Market: Breakup by End Use (USD Billion), 2016-2020
11. Global Picture Archiving and Communication System (PACS) Market Forecast: Breakup by End Use (USD Billion), 2021-2026
12. Global Picture Archiving and Communication System (PACS) Historical Market: Breakup by Region (USD Billion), 2016-2020
13. Global Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Region (USD Billion), 2021-2026
14. North America Picture Archiving and Communication System (PACS) Historical Market: Breakup by Country (USD Billion), 2016-2020
15. North America Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Europe Picture Archiving and Communication System (PACS) Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Europe Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Asia Pacific Picture Archiving and Communication System (PACS) Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Asia Pacific Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Latin America Picture Archiving and Communication System (PACS) Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Latin America Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Middle East and Africa Picture Archiving and Communication System (PACS) Historical Market: Breakup by Country (USD Billion), 2016-2020
23. Middle East and Africa Picture Archiving and Communication System (PACS) Market Forecast: Breakup by Country (USD Billion), 2021-2026
24. Global Picture Archiving and Communication System (PACS) Market Structure
Key Questions Answered in the Report
The global picture archiving and communication system (PACS) market is projected to grow at a CAGR of 5.8% between 2021 and 2026.
The major drivers of the industry, such as the growing need of healthcare IT infrastructure, improving healthcare facilities in emerging countries, better reimbursement policies, favourable government initiatives, and the growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing investments by the manufacturers to develop enhanced product range and the increasing R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of picture archiving and communication system (PACS) in the market are hardware, software, and services.
The major deployment types of picture archiving and communication system (PACS) in the industry are on-premise, on-demand, and SAAS.
The significant imaging types of picture archiving and communication system (PACS) in the market are X-ray, MRI, CT, ultrasound, and nuclear imaging, among others.
The leading types of picture archiving and communication system (PACS) in the industry are cardiology PACS (C-PACS), dental PACS, and oncology PACS, among others.
The major end use sectors in the market are hospitals, clinical imaging, dental practices, imaging centres, diagnostic centres, research and academic institutes, and ambulatory surgical centres, among others.
The major players in the industry are GE Healthcare, Siemens Healthcare GmbH, Fujifilm Corporation, Sectra AB, Infinitt Healthcare Co. Ltd., and IBM Corporation, among others.
Analyst Review
The global picture archiving and communication system (PACS) market is being driven by the rising demand for healthcare IT infrastructure . Aided by the growing R&D activities, the market is expected to healthy a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By components, the market is segmented into hardware, software, and services. On the basis of development type, the industry is divided into on-premise, on-demand, and SAAS. Based on imaging type, the market is categorised into X-ray, MRI, CT, ultrasound, and nuclear imaging, among others. By type, the industry is divided into cardiology PACS (C-PACS), dental PACS, and oncology PACS, among others. Based on end use, the industry is segmented into hospitals, clinical imaging, dental practices, imaging centres, diagnostic centres, research and academic institutes, and ambulatory surgical centres, among others. The major regional markets for picture archiving and communication system (PACS) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include GE Healthcare, Siemens Healthcare GmbH, Fujifilm Corporation, Sectra AB, Infinitt Healthcare Co. Ltd., and IBM Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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