Picture Archiving and Communication System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has unveiled a comprehensive analysis delving deep into the dynamics of the global Picture Archiving and Communication System (PACS) Market. With a keen focus on pivotal market forces, growth catalysts, hurdles, and burgeoning trends, this report furnishes invaluable insights. It presents a wealth of data and statistics, meticulously charting the trajectory of the PACS Market from 2024 through 2033, offering stakeholders a robust foundation for strategic decision-making and informed market navigation.

Key Insights:

PACS Market Size (2024 Estimate): US$ 3155.26 million
Projected Market Value (2033 Forecast): US$ 5808.7 million
Global Market Growth Rate (CAGR 2024 to 2033): 7.0%

PACS Market - Report Scope:

The increasing adoption of PACS in healthcare facilities drives market growth, attributed to the need for efficient image management and streamlined workflow. PACS systems enable storage, retrieval, management, distribution, and presentation of medical images, essential for modern diagnostic practices. The shift towards digital healthcare, supported by government initiatives and funding, propels the PACS market. Advances in imaging technology, coupled with the integration of AI and machine learning, enhance diagnostic accuracy and workflow efficiency. The demand for PACS is further fueled by the growing volume of imaging procedures due to the rising prevalence of chronic diseases and an aging population. The report provides a detailed analysis of the market dynamics, including market segmentation by component, imaging modality, end-user, and region, offering comprehensive insights for stakeholders.

Market Growth Drivers:

The growing need for efficient and integrated image management solutions in healthcare drives the PACS market. Increasing volumes of diagnostic imaging procedures due to the rising prevalence of chronic diseases, aging populations, and technological advancements in imaging modalities necessitate the adoption of PACS. The shift from traditional film-based systems to digital systems offers significant advantages in terms of storage, retrieval, and sharing of images, enhancing clinical decision-making and patient care. Government initiatives and funding support the adoption of digital healthcare systems, further propelling the PACS market. The integration of PACS with electronic health records (EHRs) and hospital information systems (HIS) streamlines workflows and improves healthcare delivery. Advances in AI and machine learning augment PACS capabilities, providing enhanced diagnostic tools and improving operational efficiency. The need for cost-effective and efficient solutions in managing vast amounts of imaging data also drives market growth.

Market Restraints:

High implementation and maintenance costs of PACS pose a significant challenge to market growth, particularly for small and medium-sized healthcare facilities. The initial investment required for PACS infrastructure, including hardware, software, and training, can be substantial. Additionally, ongoing costs associated with system updates, data storage, and maintenance add to the financial burden. Interoperability issues between different PACS systems and other healthcare IT systems can hinder seamless data integration and sharing, impacting workflow efficiency. The complexity of integrating PACS with existing healthcare systems may require significant time and resources. Concerns regarding data security and patient privacy also pose challenges, as PACS systems handle sensitive medical information. The regulatory landscape for data protection and compliance adds to the complexity and cost of implementing PACS. Limited technical expertise and resistance to change among healthcare professionals can further impede the adoption of PACS.

Market Opportunities:

Technological advancements in imaging and IT present significant opportunities for the PACS market. The integration of artificial intelligence and machine learning into PACS enhances diagnostic accuracy and operational efficiency, offering advanced tools for image analysis and interpretation. The increasing adoption of cloud-based PACS solutions provides scalable, cost-effective, and secure storage options, facilitating remote access and collaboration among healthcare professionals. The rise of telemedicine and remote diagnostics further drives the demand for PACS, enabling efficient image sharing and consultation across geographies. Expanding healthcare infrastructure in emerging markets offers growth opportunities for PACS providers, as these regions invest in modernizing their healthcare systems. Strategic partnerships and collaborations between PACS providers and healthcare institutions can drive innovation and improve market reach. Additionally, the development of mobile PACS solutions supports the growing trend of mobile health, providing healthcare professionals with access to imaging data on-the-go.

Key Questions Addressed in the Report:

What is the Expected Value CAGR of the PACS Market?
What is the Revenue Size of the Global PACS Market as of 2024-end?
Which Country Held the Largest Market Share in 2024?
Who are the Key Players in the Global PACS Market?
Which is the Fastest-growing Segment of the Market by Imaging Modality?

Competitive Landscape and Business Strategies:

Prominent organizations like GE Healthcare, Siemens Healthineers, and Philips Healthcare lead the PACS market. GE Healthcare focuses on innovative PACS solutions, investing heavily in R&D to deliver advanced imaging and data management systems. Expanding its product portfolio and enhancing integration capabilities, GE Healthcare caters to diverse healthcare needs, fueling its market growth. Similarly, Siemens Healthineers emphasizes digital healthcare solutions, enhancing its market presence with robust PACS offerings. With strong partnerships and strategic alliances, Siemens ensures seamless integration and efficient workflows. Philips Healthcare leverages advanced technology to develop innovative PACS solutions, offering comprehensive support for diagnostic imaging. These companies prioritize technological innovation, seamless integration, and customer support, positioning themselves as leaders in the PACS market.

Key Companies Profiled:

GE Healthcare
Siemens Healthineers
Philips Healthcare
Agfa HealthCare
Fujifilm Medical Systems
Carestream Health
Sectra AB
Intelerad Medical Systems
Merge Healthcare Solutions
McKesson Corporation
RamSoft Inc.
INFINITT Healthcare
Others

PACS Market Segmentation:

By Component:

Hardware
Software
Services

By Imaging Modality:

X-ray
Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Ultrasound
Others

By End-User:

Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Clinics

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP2627

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Pricing Analysis

4.1. Subscription Pricing Model
4.2. Perpetual Licensing

5. Global Picture Archiving and Communication System Market Demand (in Value in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
5.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 5.2.1. Y-o-Y Growth Trend Analysis
- 5.2.2. Absolute $ Opportunity Analysis

6. Market Background

6.1. Macro-Economic Factors
6.2. Forecast Factors - Relevance & Impact
6.3. Value Chain
6.4. COVID-19 Crisis - Impact Assessment
- 6.4.1. Current Statistics
- 6.4.2. Short-Mid-Long term Outlook
- 6.4.3. Likely Rebound
6.5. Market Dynamics
- 6.5.1. Drivers
- 6.5.2. Restraints
- 6.5.3. Opportunities

7. Global Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033, By Deployment Type

7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By Deployment, 2019-2023
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Deployment, 2024-2033
- 7.3.1. Web-Based PACS
- 7.3.2. Cloud-Based PACS
- 7.3.3. On-premise
7.4. Market Attractiveness Analysis By Deployment Type

8. Global Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033, By Component

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Component, 2019-2023
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2024-2033
- 8.3.1. Imaging Modalities
- 8.3.2. Secured Network
- 8.3.3. Workstation and Archives
8.4. Market Attractiveness Analysis By Component

9. Global Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033, By Business Mode

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Business Mode, 2019-2023
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Business Mode, 2024-2033
- 9.3.1. Enterprise
- 9.3.2. Departmental
9.4. Market Attractiveness Analysis By Business Mode

10. Global Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033, By End-Users

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By End-Users, 2019-2023
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-Users, 2024-2033
- 10.3.1. Hospitals
- 10.3.2. Clinic Imaging
- 10.3.3. Dental Practices
- 10.3.4. Imaging Centers
- 10.3.5. Diagnostic Centers
- 10.3.6. Research and Academic Institutes
- 10.3.7. Ambulatory Surgical Centers
- 10.3.8. Others
10.4. Market Attractiveness Analysis By End-Users

11. Global Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033, By

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2033
- 11.3.1. North America
- 11.3.2. Latin America
- 11.3.3. Europe
- 11.3.4. East Asia
- 11.3.5. South Asia & Pacific
- 11.3.6. Middle East & Africa
11.4. Market Attractiveness Analysis By Region

12. North America Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
12.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 12.3.1. By Deployment Type
- 12.3.2. By Component
- 12.3.3. By Business Mode
- 12.3.4. By End-Users
- 12.3.5. By Country
  - 12.3.5.1. U.S.
  - 12.3.5.2. Canada
12.4. Market Attractiveness Analysis
- 12.4.1. By Deployment Type
- 12.4.2. By Component
- 12.4.3. By Business Mode
- 12.4.4. By End-Users
- 12.4.5. By Country

13. Latin America Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
13.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Deployment Type
- 13.3.2. By Component
- 13.3.3. By Business Mode
- 13.3.4. By End-Users
- 13.3.5. By Country
  - 13.3.5.1. Brazil
  - 13.3.5.2. Mexico
  - 13.3.5.3. Rest of Latin America
13.4. Market Attractiveness Analysis
- 13.4.1. By Deployment Type
- 13.4.2. By Component
- 13.4.3. By Business Mode
- 13.4.4. By End-Users
- 13.4.5. By Country

14. Europe Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Deployment Type
- 14.3.2. By Component
- 14.3.3. By Business Mode
- 14.3.4. By End-Users
- 14.3.5. By Country
  - 14.3.5.1. Germany
  - 14.3.5.2. Italy
  - 14.3.5.3. France
  - 14.3.5.4. U.K.
  - 14.3.5.5. Spain
  - 14.3.5.6. BENELUX
  - 14.3.5.7. Russia
  - 14.3.5.8. Rest of Europe
14.4. Market Attractiveness Analysis
- 14.4.1. By Deployment Type
- 14.4.2. By Component
- 14.4.3. By Business Mode
- 14.4.4. By End-Users
- 14.4.5. By Country

15. South Asia & Pacific Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Deployment Type
- 15.3.2. By Component
- 15.3.3. By Business Mode
- 15.3.4. By End-Users
- 15.3.5. By Country
  - 15.3.5.1. India
  - 15.3.5.2. Indonesia
  - 15.3.5.3. Malaysia
  - 15.3.5.4. Singapore
  - 15.3.5.5. Australia & New Zealand
  - 15.3.5.6. Rest of South Asia and Pacific
15.4. Market Attractiveness Analysis
- 15.4.1. By Deployment Type
- 15.4.2. By Component
- 15.4.3. By Business Mode
- 15.4.4. By End-Users
- 15.4.5. By Country

16. East Asia Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
16.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Deployment Type
- 16.3.2. By Component
- 16.3.3. By Business Mode
- 16.3.4. By End-Users
- 16.3.5. By Country
  - 16.3.5.1. China
  - 16.3.5.2. Japan
  - 16.3.5.3. South Korea
16.4. Market Attractiveness Analysis
- 16.4.1. By Deployment Type
- 16.4.2. By Component
- 16.4.3. By Business Mode
- 16.4.4. By End-Users
- 16.4.5. By Country

17. Middle East and Africa Picture Archiving and Communication System Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
17.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Deployment Type
- 17.3.2. By Component
- 17.3.3. By Business Mode
- 17.3.4. By End-Users
- 17.3.5. By Country
  - 17.3.5.1. GCC Countries
  - 17.3.5.2. Turkey
  - 17.3.5.3. South Africa
  - 17.3.5.4. Rest of Middle East and Africa
17.4. Market Attractiveness Analysis
- 17.4.1. By Deployment Type
- 17.4.2. By Component
- 17.4.3. By Business Mode
- 17.4.4. By End-Users
- 17.4.5. By Country

18. Key Countries Analysis - Picture Archiving and Communication System Market

18.1. U.S. Picture Archiving and Communication System Market Analysis
- 18.1.1. By Deployment Type
- 18.1.2. By Component
- 18.1.3. By Business Mode
- 18.1.4. By End-Users
18.2. Canada Picture Archiving and Communication System Market Analysis
- 18.2.1. By Deployment Type
- 18.2.2. By Component
- 18.2.3. By Business Mode
- 18.2.4. By End-Users
18.3. Mexico Picture Archiving and Communication System Market Analysis
- 18.3.1. By Deployment Type
- 18.3.2. By Component
- 18.3.3. By Business Mode
- 18.3.4. By End-Users
18.4. Brazil Picture Archiving and Communication System Market Analysis
- 18.4.1. By Deployment Type
- 18.4.2. By Component
- 18.4.3. By Business Mode
- 18.4.4. By End-Users
18.5. Germany Picture Archiving and Communication System Market Analysis
- 18.5.1. By Deployment Type
- 18.5.2. By Component
- 18.5.3. By Business Mode
18.6. Italy Picture Archiving and Communication System Market Analysis
- 18.6.1. By Deployment Type
- 18.6.2. By Component
- 18.6.3. By Business Mode
- 18.6.4. By End-Users
18.7. France Picture Archiving and Communication System Market Analysis
- 18.7.1. By Deployment Type
- 18.7.2. By Component
- 18.7.3. By Business Mode
- 18.7.4. By End-Users
18.8. U.K. Picture Archiving and Communication System Market Analysis
- 18.8.1. By Deployment Type
- 18.8.2. By Component
- 18.8.3. By Business Mode
- 18.8.4. By End-Users
18.9. Spain Picture Archiving and Communication System Market Analysis
- 18.9.1. By Deployment Type
- 18.9.2. By Component
- 18.9.3. By Business Mode
- 18.9.4. By End-Users
18.10. BENELUX Picture Archiving and Communication System Market Analysis
- 18.10.1. By Deployment Type
- 18.10.2. By Component
- 18.10.3. By Business Mode
- 18.10.4. By End-Users
18.11. Russia Picture Archiving and Communication System Market Analysis
- 18.11.1. By Deployment Type
- 18.11.2. By Component
- 18.11.3. By Business Mode
- 18.11.4. By End-Users
18.12. Rest of Europe Picture Archiving and Communication System Market Analysis
- 18.12.1. By Deployment Type
- 18.12.2. By Component
- 18.12.3. By Business Mode
- 18.12.4. By End-Users
18.13. China Picture Archiving and Communication System Market Analysis
- 18.13.1. By Deployment Type
- 18.13.2. By Component
- 18.13.3. By Business Mode
- 18.13.4. By End-Users
18.14. Japan Picture Archiving and Communication System Market Analysis
- 18.14.1. By Deployment Type
- 18.14.2. By Component
- 18.14.3. By Business Mode
- 18.14.4. By End-Users
18.15. South Korea Picture Archiving and Communication System Market Analysis
- 18.15.1. By Deployment Type
- 18.15.2. By Component
- 18.15.3. By Business Mode
- 18.15.4. By End-Users
18.16. India Picture Archiving and Communication System Market Analysis
- 18.16.1. By Deployment Type
- 18.16.2. By Component
- 18.16.3. By Business Mode
- 18.16.4. By End-Users
18.17. Malaysia Picture Archiving and Communication System Market Analysis
- 18.17.1. By Deployment Type
- 18.17.2. By Component
- 18.17.3. By Business Mode
- 18.17.4. By End-Users
18.18. Indonesia Picture Archiving and Communication System Market Analysis
- 18.18.1. By Deployment Type
- 18.18.2. By Component
- 18.18.3. By Business Mode
- 18.18.4. By End-Users
18.19. Singapore Picture Archiving and Communication System Market Analysis
- 18.19.1. By Deployment Type
- 18.19.2. By Component
- 18.19.3. By Business Mode
- 18.19.4. By End-Users
18.20. Australia and New Zealand Picture Archiving and Communication System Market Analysis
- 18.20.1. By Deployment Type
- 18.20.2. By Component
- 18.20.3. By Business Mode
- 18.20.4. By End-Users
18.21. GCC Countries Picture Archiving and Communication System Market Analysis
- 18.21.1. By Deployment Type
- 18.21.2. By Component
- 18.21.3. By Business Mode
- 18.21.4. By End-Users
18.22. Turkey Picture Archiving and Communication System Market Analysis
- 18.22.1. By Deployment Type
- 18.22.2. By Component
- 18.22.3. By Business Mode
- 18.22.4. By End-Users
18.23. South Africa Picture Archiving and Communication System Market Analysis
- 18.23.1. By Deployment Type
- 18.23.2. By Component
- 18.23.3. By Business Mode
- 18.23.4. By End-Users
18.24. Rest of Middle East and Africa Picture Archiving and Communication System Market Analysis
- 18.24.1. By Deployment Type
- 18.24.2. By Component
- 18.24.3. By Business Mode
- 18.24.4. By End-Users

19. Market Structure Analysis

19.1. Market Analysis by Tier of Companies
19.2. Market Share Analysis of Top Players
19.3. Market Presence Analysis

20. Competition Analysis

20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
- 20.3.1. GE Healthcare
  - 20.3.1.1. Business Overview
  - 20.3.1.2. Product Portfolio
  - 20.3.1.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.1.4. Key Strategy & Developments
- 20.3.2. Siemens Healthineers
  - 20.3.2.1. Business Overview
  - 20.3.2.2. Product Portfolio
  - 20.3.2.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.2.4. Key Strategy & Developments
- 20.3.3. Agfa-Gevaert Group
  - 20.3.3.1. Business Overview
  - 20.3.3.2. Product Portfolio
  - 20.3.3.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.3.4. Key Strategy & Developments
- 20.3.4. Carestream Health
  - 20.3.4.1. Business Overview
  - 20.3.4.2. Product Portfolio
  - 20.3.4.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.4.4. Key Strategy & Developments
- 20.3.5. Koninklijke Philips N.V.-(Philips Healthcare)
  - 20.3.5.1. Business Overview
  - 20.3.5.2. Product Portfolio
  - 20.3.5.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.5.4. Key Strategy & Developments
- 20.3.6. FUJIFILM Medical Systems
  - 20.3.6.1. Business Overview
  - 20.3.6.2. Product Portfolio
  - 20.3.6.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.6.4. Key Strategy & Developments
- 20.3.7. INFINITT Healthcare Co. Ltd.
  - 20.3.7.1. Business Overview
  - 20.3.7.2. Product Portfolio
  - 20.3.7.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.7.4. Key Strategy & Developments
- 20.3.8. Merge Healthcare Solutions Inc. (an IBM company)
  - 20.3.8.1. Business Overview
  - 20.3.8.2. Product Portfolio
  - 20.3.8.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.8.4. Key Strategy & Developments
- 20.3.9. Mckesson Corp
  - 20.3.9.1. Business Overview
  - 20.3.9.2. Product Portfolio
  - 20.3.9.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.9.4. Key Strategy & Developments
- 20.3.10. Sectra AB
  - 20.3.10.1. Business Overview
  - 20.3.10.2. Product Portfolio
  - 20.3.10.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.10.4. Key Strategy & Developments
- 20.3.11. Others
  - 20.3.11.1. Business Overview
  - 20.3.11.2. Product Portfolio
  - 20.3.11.3. Profitability by Market Segments (Business Segments/Region)
  - 20.3.11.4. Key Strategy & Developments