Technology Updates Picture Archiving And Communication System Market | Page 2

On the basis of regions, North America is estimated to be the largest market for PACS, accounting
for 31.1% value share of the global PACS market in 2016. 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 CAGR of 6.2%, 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.
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The markets in APEJ, Western Europe, MEA and Latin America are anticipated to contribute
majorly to the global PACS market. The market in APEJ is expected to account for 18.4% share in
terms of value in the global PACS market and be valued at US$ 674.9 Mn by 2026 end. The
increasing demand for PACS from the hospitals, diagnostic centers, and Imaging centers in Western
Europe, especially in EU5 is expected to fuel revenue growth of the market in the region. The
market in Western Europe is estimated to be valued at US$ 790.7 Mn by 2026 end and projected to
register a CAGR of 6.0% during the forecast period.
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
PACS market.
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