Picture Archiving and Communication Systems, or PACS, is a networking technology used for the storage, transmission, and management of medical images. PACS is a constantly evolving concept and often operates hand-in-hand with other healthcare concepts such as remote patient monitoring, EMR, and telemedicine. PACS allows healthcare systems to store and manage medical images through local or remote servers and the cloud. Efficient and appropriate installation of PACS offers faster diagnosis, a better understanding of treatment outcomes, efficient decision-making, cost savings, multiple consultations, and others. Intermediaries such as ultrasound operators and radiologists greatly benefit from PACS as the images procured are directly stored in a single repository, which enables quick and remote retrieval for future purposes.
Imaging modality, a secure online network for distribution and information exchange, a workstation, and a secure cloud or local server are the four components of any PACS. All such equipment must be Digital Imaging and Communications in Medicine (DICOM) compliant. DICOM refers to the standard for the storage, handling, printing, and transmission of medical image information. Features such as remote access, a better diagnosis rate, multiple consultations, improved efficiency, contained healthcare and hospital expenditure, and better outcomes are some of the key benefits offered by PACS, contributing to its growing demand.
Moreover, as the prices of data storage solutions are gradually declining, the demand for PACS is anticipated to grow further. Already a widespread technology in the developed markets, PACS is rapidly developing its hold in the eastern markets of Asia Pacific, the Middle East, and Africa. The evolution of both general and healthcare infrastructure, faster wireless connectivity, the growing importance of maintaining electronic healthcare records, and the evolution of healthcare IT are some of the key driving factors in the Asia Pacific market. Moreover, government reforms and the revival of guidelines also support the growth of the PACS market in the region.
In terms of players, the market is highly fragmented with competitors such as MedPacs Systems, AGFA Healthcare, TBF Technology Pvt. Ltd., MedSynaptic, GE Healthcare, Philips Healthcare, FujiFilm, Napier Healthcare, Siemens, Vepro, Cisco Medical Grade Network, among many others.
The global picture archiving and communication systems (PACS) market is segmented on the following basis:
- PET & SPECT
- Procurement mode
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified for the picture archiving and communication systems (PACS) market include but are not limited to:
GE Healthcare, Fujifilm, Siemens, Cisco Medical Grade Network, AGFA Healthcare, MedPacs Systems, TBF Technology Pvt. Ltd., Philips Healthcare, MedSynaptic, and several others
This report offers the following:
- An overview of the global markets for PACS
- Market trends assessment for the period 2013-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016 and 2023
- Qualitative assessment tools such as market drivers, challenges, future prospects, major commercial events, etc.
- Market competition scrutiny tools such as market share analysis, an attractive investment proposition, and Porter’s Five Forces model
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlight key information about the major players operating in the PACS market.