Picture Archiving and Communication Systems (pacs) Market | Exclusive Report on the Latest Trends and Opportunities in the Market

Picture Archiving and Communication Systems (pacs) Market Overview

Picture archiving and communications systems (PACS) is a medium that uses pictures taken by medical imaging technology and transfer them to other locations. The technology works fine with machines like radiographs, CT scan, MRI, ultrasound, and others. The global picture archiving and communications systems market is all set to acquire 7% CAGR over the review period (2017-2023). Market Research Future (MRFR) declares in the report on the picture archiving and communications systems market that the possibility to go beyond the expected market valuation is quite high.

Supportive investment and government initiatives are expected to take the picture archiving and communications systems market  to the next level. Rising awareness, need for early detection, better technological integrations are factors that can provide traction to the market. Also, increasing competition in the market is expected to heighten the picture archiving and communications systems market expansion.

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Picture Archiving and Communication Systems (pacs) Market Segmentation

·        Type, component, imaging type, delivery mode, and end-user are different segments that have been studied for a better understanding of the global picture archiving and communications systems market. The attempt from MRFR, in their report, opens up factor-wise analysis of the global market.

·        Based on the type, the picture archiving and communications systems market includes oncology PACS, cardiology PACS, dental PACS, orthopedics PACS, and others.

·        Based on components, the picture archiving and communications systems market comprises hardware, software, and services. The hardware segment has access devices, storage devices, peripherals, servers, and networking devices. The services segment includes implementation post-sales & maintenance services, services, consulting, and training services.

·        Based on the imaging type, the picture archiving and communications systems market includes Computed Tomography (CT), nuclear imaging, X-ray, Magnetic Resonance Imaging (MRI), and ultrasound.

·        Based on the delivery mode, the picture archiving and communications systems market includes web-hosted (On-Demand) delivery mode, cloud-based (SAAS) delivery mode, and on-premise mode. The SAAS delivery mode has many takers.

·        Based on the end-user, the picture archiving and communications systems market comprises diagnostic centers, hospitals & clinics, imaging centers, healthcare centers, clinical research institutions, and others. Due to better infrastructure, the hospitals & clinics segment is expecting strong growth.

Picture Archiving and Communication Systems (pacs) Market Regional Analysis

The Americas, Europe, Asia Pacific (AAPC), and the Middle East & Africa (MEA) are four regions that have been studied in detail to get hold of trends that are impacting the market. This segmentation of MRFR, ensures better handling of demographic challenges.

The Americas has the better stand in the global market due to factors like well-developed technology, early diagnosis, high healthcare expenditure, rising prevalence of chronic diseases, and the presence of leading players. At the same time, government initiatives are also ensuring better inclusion of top-end models in various hospitals and clinics. This is expected to transform the markets in the US and Canada mostly.

Europe’s market is quite similar to that of the US and Canada. Better expenditure capacity of the region is expected to trigger substantial growth. The APAC, on the other hand, has a huge patient pool, increasing demand for diagnosis, and better pervasion of the healthcare IT sector.

The MEA region has the least market share but the market is evolving as a lot of countries like Dubai, Qatar, Saudi Arabia, the UAE, and others are investing substantially to develop their healthcare segment.

Picture Archiving and Communication Systems (pacs) Market Players

·        Globus Medical, Inc. (U.S.)

·        Depuy Synthes Inc. (Johnson & Johnson) (U.S.)

·        Smith & Nephew plc. (UK)

·        NuVasive, Inc. (U.S.)

·        Stryker Corporation (U.S.)

·        Integra LifeSciences Holdings Corporation (U.S.)

·        Zimmer Biomet Holdings, Inc. (U.S.)

·        Medtronic, plc (Ireland)

·        Wright Medical Group N.V. (Netherlands)

·        The Orthopedic Implant Company (U.S.)

·        Aesculap Implant Systems (U.S.)

·        Conmed Corporation (U.S.)

·        BioTek Instruments, Inc. (U.S.)

·        Arthrocare Corporation (U.S.)

among others are some key companies in the global Picture Archiving and Communication Systems (pacs) that are listed by MRFR for market research.

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