Sponsorluk
sociofans

Specialty PACS Market Worth $3.45 Billion

0
1K

The global market for specialty picture archiving and communication systems (PACS) is expected to reach $3.5 billion by 2024, representing a compound annual growth rate of 6%, according to a new report from marketsandmarkets. Specialty PACS are used to store, distribute and manage medical images within hospitals and clinics and enable doctors to access a patient's imaging records and history from anywhere in the facility.

Speak to Analyst

Key drivers propelling the growth of the specialty PACS market include the increasing geriatric population and rising incidence of diseases, benefits of specialty PACS in improving workflow efficiency and enhancing patient care, government initiatives to boost adoption of healthcare IT solutions, rising healthcare spending and medical imaging volumes globally, and growing usage of advanced medical imaging equipment. However, budget constraints faced by hospitals and imaging centers in many countries could restrain wider uptake.

Among the different specialty PACS segments, ophthalmology PACS is forecast to see the fastest growth over the next five years. Rising eye diseases and vision disorders, increasing number of ophthalmic procedures, and new innovations in ophthalmology devices underpin the strong outlook for ophthalmology PACS solutions going forward.

Currently, the on-premise deployment model accounts for the major share of the specialty PACS market. The high degree of customization and flexibility offered by on-premise solutions compared to cloud-based systems is driving its greater adoption. However, the web/cloud-based segment could record faster growth in the coming years owing to lower upfront costs and easier maintenance.

Geographically, North America commanded the largest piece of the global specialty PACS market in 2018, powered by the region's vast healthcare infrastructure, abundant medical imaging volumes, aging population, and rapid uptake of advanced imaging technologies. But the Asia Pacific market is poised to witness the highest compound annual growth rate over the 2019-2024 period, thanks largely to rising chronic disease prevalence, increasing awareness of early diagnosis benefits, and surging medical imaging procedural volumes in the region's major countries like China and India.

The leading companies operating in the global specialty PACS space include Merge Healthcare, McKesson Corporation, Agfa Healthcare, Carestream Health, Philips Healthcare and Siemens Healthineers, among others. Mergers & acquisitions, new product launches, R&D investments and global expansion constitute some of the key strategic moves adopted by these players to cement their market positions.

For instance, Merge Healthcare continues to grow its specialty PACS product portfolio and widen its global footprint through strategic partnerships, collaborations and acquisitions. Its latest imaging partnership deals, announced in June 2016, are anticipated to significantly strengthen the company's imaging technologies business.

Speak to Analyst

Overall, with rising healthcare expenditure worldwide, growing reliance on medical imaging for screening, diagnosis and treatment planning across various clinical specialties, and continuing technology advancements in imaging hardware and software, the global specialty PACS market looks well positioned to register steady gains over the coming years.

Top 10 Companies in the Tissue Diagnostics Market
Top 10 Companies in Human Capital Management Market
Top 10 Companies Leading the Patient Engagement Solutions Market
Top 10 Companies in the Blood Collection Devices Market

Sponsorluk
Sponsorluk
Site içinde arama yapın
Sponsorluk
Kategoriler
Read More
Gardening
Global Sustainable Aviation Fuel Market To Rear Excessive Growth During 2024- 2032
A new business intelligence report titled "Global Sustainable Aviation Fuel Market," released by...
By amelia78 2024-05-20 17:50:18 0 3K
Networking
Agritech Platform Market will reach at a CAGR of 18.5% from to 2033
According to the Market Statsville Group (MSG), the global agritech platform...
By vipinmsg 2024-01-03 07:10:33 0 2K
Other
Epilepsy Monitoring Device Market size is projected to grow at a CAGR of 6.6% from 2022 to 2030
The global epilepsy monitoring device market size is projected to grow at a CAGR of...
By marketstatsvillegroup 2024-01-31 10:19:11 0 2K
Literature
Molded Plastics Market Analyzing Market Trends Post-Covid-19 Impact: Top Companies, Trends, Future Opportunity Outlook by Fact MR
The global molded plastics market has reached US$ 165.8 billion in 2022, and is forecast to...
By akshaygorde 2024-08-27 13:33:21 0 878
Networking
Localization Services Market will reach at a CAGR of 10.6% from to 2033
According to the Market Statsville Group (MSG), the Global Localization Services...
By vipinmsg 2023-11-15 10:06:34 0 2K
Sponsorluk