Technology Updates Picture Archiving And Communication System Market

Global PACS Market Revenue Expected to Register a CAGR of 6.2% Between 2016 and 2026,
Owing to an Increasing Demand for Cloud-based PACS
Persistence Market Research delivers in-depth research on the global PACS market in its latest
report titled "Global Market Study on Picture Archiving and Communication System (PACS): North
America Likely to Remain Dominant Regional Market?". According to the report, the global PACS
market is projected to expand at a healthy CAGR of 6.2% during the forecast period in terms of
revenue.
A PACS is a fully integrated system which 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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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 PACS 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
PACS market.
Market forecast
The global PACS 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, PACS
market is fragmented into enterprise and departmental. Further PACS 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 PACS 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.