Picture Archiving And Communication System Market 2021-2031
New Study Reports " Picture Archiving And Communication System Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031" has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Picture Archiving And Communication System Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Picture Archiving And Communication System Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Picture Archiving And Communication System market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
This report also analyzes the impact of Coronavirus COVID-19 on the Picture Archiving And Communication System industry.
According to a revised report by Persistence Market Research, the global picture archiving and communication system (PACS) market is projected to expand at a healthy CAGR of 6.5% over the forecast period of 2021 to 2031 and reach a total market worth of US$ 4.5 Bn.
PACS is a fully integrated system that is used for the data storage, distribution and analysis of medical images by doctors or by any other medical officials. PACS is termed as a picture archiving and communication system which is a combination of hardware, software, image modalities, and archiving that is used for data or image capturing, storing, distributing and then presenting these medical images.
A picture archiving and communication system comprises of four key components including the imaging modalities such as MRI and CT, a secure network to transfer patient data, PACSs for interpreting and reviewing images, and long term and short term archives to retrieve and store reports and images.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – GE Healthcare, Siemens Healthineers, Agfa-Gevaert Group, Carestream Health, Koninklijke Philips N.V.-(Philips Healthcare), FUJIFILM Medical Systems, INFINITT Healthcare Co. Ltd., Merge Healthcare Solutions Inc. (an IBM company), Mckesson Corp, Sectra AB, Others and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Picture Archiving And Communication System.
Market Dynamics
Demand for cloud-based PACS which are increasingly used in wide range of healthcare end-users such as hospitals, diagnostic centers, imaging centers, clinics, and many others is increasing significantly. PACS solutions are gaining traction due to an immediate reduction in the cost of archiving and storage for the clinics, hospitals, or imaging centers.
This is expected to bolster the global picture archiving and communication system market. Recently, healthcare and hospitals providers are moving towards an e cloud-based system due to low cost and flexibility in technology adoption as compared to traditional PACS. Thus, increasing uses and applications of PACS are anticipated to increase the revenue growth of the global PACS market during the forecast period.
However, declining penetration rate of PACS, its high installation and operating cost, complexity of PACS technology and a lack of harmonization are the restraints hampering the growth of the global picture archiving and communication system market.
Market Forecast
The global picture archiving and communication system market is segmented on the basis of deployment, components, business mode, end-use, and region. By deployment, PACS market is segmented into web-based PACS, cloud-based PACS and on premise. Moreover, by components market is categorized into imaging modalities, secured network, and workstation and archives.
On the basis of business mode, picture archiving and communication system market is fragmented into enterprise and departmental. Further picture archiving and communication system market end-users are hospitals, clinic imaging, dental practices, imaging centers, diagnostic centers, research & academic institutes, ambulatory surgical centers, and others.
Key regions covered in the report are North America, Western Europe, Asia-Pacific excluding Japan, Eastern Europe, Middle East & Africa, Latin America and Japan.
The report analyzes the global picture archiving and communication system market in terms of value (US$ Mn) by deployment, components, business mode, end-use, and region; and provides insightful information regarding the value chain, market trends, competitive landscape, market dynamics and market estimations and forecast.
On the basis of region, North America is estimated to be the largest market for picture archiving and communication systems, accounting for more than 31% share of the global market by 2031. The region continues to dominate the market presently and is expected to continue to do so throughout the forecast period.
On the basis of deployment, cloud-based PACS segments are projected to exhibit a healthy CAGR, respectively, in terms of market value during the forecast period. This is attributed to increasing usage of PACS in wide range of end-user application.
The markets in APEJ, Western Europe, MEA and Latin America are anticipated to contribute majorly to the global PACS market.
Factors such as increasing demand for increasing use of diagnostic imaging, growing healthcare IT adoption, and increasing adoption of cloud-based PACS is set to drive revenue growth of the global picture archiving and communication system market.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Picture Archiving And Communication System Market Manufacturers
Picture Archiving And Communication System Market Distributors/Traders/Wholesalers
Picture Archiving And Communication System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Picture Archiving And Communication System Market Report:
- The Picture Archiving And Communication System Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Picture Archiving And Communication System Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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