According to Technavio’s latest market research study, the global PACS market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global picture archiving and communicating system (PACS) market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below
Global mid-end PACS market: Mid-end PACS help to connect small hospitals and medical centers with multi-modality medical imaging systems. The high adoption rate of mid-end PACS is attributable to their cost-efficiency. Geographically, the adoption of mid-end PACS is higher in the Americas, where the market is advancing toward replacement of older versions of PACS with newer and advanced versions.
“Mid-end PACS are specifically used in radiology and cardiology departments for data management through various medical imaging equipment such as computed tomography, magnetic resonance imaging, and mammography and ultrasound,” says Mantri Charan Kumar, a lead analyst at Technavio for research on medical imagining.
Global enterprise PACS market: Enterprise PACs are priced relatively higher, and hence is projected to experience adoption at a moderate rate during the forecast period. Enterprise PACS help control the huge inflow of data as well as allows data sharing and management. The Americas account for a majority of the demand for enterprise PACS in the global market.
Global mini PACS market: Fueled by cost-efficiency, mini PACS are projected to be the fastest-growing segment of the global PACS market. Mini PACS are used to reduce film storage costs and avoids chances of film loss. Mini PACS are widely used in emerging market such as India and China and have a strong presence in developed countries such as the US and Canada.
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The top vendors operating in the global PACS market are:
- GE Healthcare
- Philips
- Agfa-Gevaert
- McKesson
- Fujifilm
Other prominent vendors in the market include AltaPACS, Apollo Enterprise Imaging, Ashva Digital Healthcare, Carestream Health, CERNER, Dell, Esaote SpA, INFINITT Healthcare, Insignia Medical Systems, Intelerad Medical Systems, Laitek, Lexmark Healthcare, Mach7 Technologies, Meddiff Technologies, Merge Healthcare, Novarad, Nuvodia, Paxeramed, ScImage, Sectra, Siemens Healthineers, Velox RIS Solutions, VEPRO, and Voyager Imaging.
A more detailed analysis is available in the Technavio report titled, ‘Global PACS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Medical Imaging Market 2017-2021
- Global Patient Monitoring Equipment Market 2017-2021
- Global MRI Systems Market 2017-2021
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