Picture Archiving and Communication System Market Report: Trends, Forecast and Competitive Analysis to 2030

Picture Archiving and Communication System Trends and Forecast

The future of the global picture archiving and communication system market looks promising with opportunities in the hospital, clinic, and diagnostic imaging center markets. The global picture archiving and communication system market is expected to reach an estimated $5.1 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing demand for digital imaging, growing need for healthcare data sharing, and increasing adoption of artificial intelligence in PACS systems.

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Picture Archiving and Communication System by Segment

The study includes a forecast for the global picture archiving and communication system by deployment, product type, end use, and region.

Picture Archiving and Communication System Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• Web Based
• Cloud Based
• On Premise

Picture Archiving and Communication System Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Mid End PACS
• Enterprise PACS
• Mini PACS

Picture Archiving and Communication System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Clinics
• Diagnostics Imaging Centers
• Others

Picture Archiving and Communication System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Picture Archiving and Communication System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies picture archiving and communication system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the picture archiving and communication system companies profiled in this report include-

• FUJIFILM Medical Systems
• Carestream Health
• Agfa-Gevaert Group
• INFINITT Healthcare
• Merge Healthcare Solutions
• Mckesson
• Ge Healthcare
• Koninklijke Philips
• Sectra
• Siemens Healthineers

Picture Archiving and Communication System Market Insights

Lucintel forecasts that enterprise PACS will remain the largest segment over the forecast period because they are designed to meet the needs of large hospitals and healthcare organizations with high imaging volumes.

North America will remain the largest region over the forecast period because it has well-developed healthcare infrastructure, with a high number of hospitals, clinics, and other healthcare facilities in this region.

Features of the Global Picture Archiving and Communication System Market

Market Size Estimates: Picture archiving and communication system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Picture archiving and communication system market size by deployment, product type, end use, and region in terms of value ($B).

Regional Analysis: Picture archiving and communication system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different deployment, product type, end use, and regions for the picture archiving and communication system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the picture archiving and communication system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the picture archiving and communication system market size?

Answer: The global picture archiving and communication system market is expected to reach an estimated $5.1 billion by 2030.

Q2. What is the growth forecast for picture archiving and communication system market?

Answer: The global picture archiving and communication system market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the picture archiving and communication system market?

Answer: The major drivers for this market are increasing demand for digital imaging, growing need for healthcare data sharing, and increasing adoption of artificial intelligence in PACS systems.

Q4. What are the major segments for picture archiving and communication system market?

Answer: The future of the global picture archiving and communication system market looks promising with opportunities in the hospital, clinic, and diagnostic imaging center markets.

Q5. Who are the key picture archiving and communication system market companies?

Answer: Some of the key picture archiving and communication system companies are as follows:

• FUJIFILM Medical Systems
• Carestream Health
• Agfa-Gevaert Group
• INFINITT Healthcare
• Merge Healthcare Solutions
• Mckesson
• Ge Healthcare
• Koninklijke Philips
• Sectra
• Siemens Healthineers

Q6. Which picture archiving and communication system market segment will be the largest in future?

Answer: Lucintel forecasts that enterprise PACS will remain the largest segment over the forecast period because they are designed to meet the needs of large hospitals and healthcare organizations with high imaging volumes.

Q7. In picture archiving and communication system market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period because it has well-developed healthcare infrastructure, with a high number of hospitals, clinics, and other healthcare facilities in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the picture archiving and communication system market by deployment (web based, cloud based, and on premise), product type (mid end PACS, enterprise PACS, and mini PACS), end use (hospitals, clinics, diagnostics imaging centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?