The Picture Archive and Communication System (PACS) is a system that enables users to record and archive images digitally (usually in hospitals). The picture archiving and communication system is a group of systems that contribute to the archiving, processing and viewing of digital radiographic images. There are many benefits to implementing a picture archiving and communication system. One of the most important advantages is that it can provide a better diagnostic process because doctors can efficiently and timely access images. PACS can archive and store all contents electronically, also eliminates the need for film, thereby reducing the need for storage space.
The global picture archiving and communication system market expected to grow at a significant CAGR during the forecast period, 2020-2027. The market growth is driven by the growing use of diagnostic imaging and increasing healthcare IT adoption. Additionally, the rising prevalence of chronic diseases and the mounting geriatric population is projected to drive the growth of the picture archiving and communication system industry in the future periods. Further, better government initiatives for the use of advanced health information technology is anticipated to fuel the demand for picture archiving and communication system across the globe in the coming years. Also, the significant growth in Information Technology and its mounting impact on the picture archiving and communication system will spur the growth of the market in analysis periods.
Furthermore, the high prevalence of diabetes and diabetic eye diseases, such as Diabetic Macular Edema, diabetic retinopathy, cataract, and glaucoma, will simultaneously foster PACS market growth. The supportive investments and funds provided by the government and private bodies, growing demand for early diagnosis, and technological advancements in the medical imaging devices are expected to witness remarkable growth in the market. Moreover, the growing usage of PACS for faster and easier for clinicians and technicians to distribute and display images, besides reducing the margin for human error, are projected to bolster the global picture archiving and communication system market share in the forecast span. The integration of PACS with RIS helps hospitals in the storage, management, and retrieval of a huge volume of medical images. These factors will complement industry growth. Additionally, the increasing demand by physicians and patients, favorable reimbursement, wider availability of technology, and improvements in the technology will promulgate the PACS market’s growth.
Chronic diseases are the leading causes of disability and death worldwide. Disease rates from these conditions are rising globally, advancing across every region, and pervading all socioeconomic classes. According to the World Health Organization, major chronic diseases currently account for almost 60% of all deaths and 43% of the global burden of disease. By 2020, their contribution is expected to rise to 73% of all deaths and 60% of the global burden of disease. Moreover, 79% of the deaths attributed to these diseases occur in developing countries. Four of the most prominent chronic diseases such as cardiovascular diseases (CVD), cancer, chronic obstructive pulmonary disease.
The world’s population is aging, and virtually every country in the world is experiencing growth in the number and proportion of older persons in their population. According to the United Nations, in 2019, the global population aged 65 and older is growing faster than younger groups. UN stated that by 2050, 1 out of 6 people in the world would be over 65 years old, compared with 11 in 2019. In 2018, the world’s population aged 65 or above surpassed the number of people under the age of 5 unprecedentedly. Also, the population of 80 or more is expected to triple, from 143 million in 2019 to 426 million in 2050.
The current global spread of the new coronavirus Covid-19 has caused great concern and panic throughout the world. The physical space and the virtual space complement each other. The PACS system is used to manually check the diagnosis of artificial intelligence-assisted diagnostic software to identify lesions, record the false positive or false negative conditions in the software identification area, and manually repair a few false positive or false negative images. The artificial intelligence assisted diagnosis software can automatically identify and mark the pneumonia lesions, and calculate the total volume of the patient’s lesion, the internal ground glass shadow volume and the volume of the consolidation area.
Based on the component, the global picture archiving and communication system market classified into hardware, software, and services. The hardware segment is expected to be the highest revenue share for (picture archiving and communication system during the forecast period. The segment’s growth is primarily attributed to the growing demand for hardware devices such as access devices, peripherals, servers, storage devices, and networking devices.
The software will witness a lucrative growth rate in the estimated period due to the PACS software used to managing medical imagery and associated data.
Based on the delivery mode, the global picture archiving and communication system market segregated into the cloud-based mode, web hosted mode, and on-premise mode. The web hosted mode segment held a higher market share in 2019 and projected to dominate the global picture archiving and communication system market by 2027. It is due to web hosted mode progress clinical and business needs across the continuum of care and help connect patient information to any required destination.
The cloud-based mode will grow at a significant CAGR in the forecast period based on cloud-based mode provide flexibility to the physicians for accessing medical records at any time and from anywhere.
Based on the imaging type, the global picture archiving and communication system market segmented into MRI, X-Ray, CT, Ultrasound, and Nuclear Imaging. The X-Ray segment is estimated to witness significant growth over the analysis timeframe due to its help in easy image importation, image stitching, comparisons, and specialized ortho, chiro, and veterinary versions.
The nuclear imaging will grow at a significant rate during the forecast period. Due to nuclear imaging, it can share dynamic images with radiology by sending 2D screen-capture images to PACS.
Based on the type, the global picture archiving and communication system market segregated into oncology PACS, cardiology PACS, oncology PACS, dental PACS, and others. The oncology PACS, segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the increasing prevalence of cancer disease. The oncology PACS enables the view of oncology patient data showing an accurate, contextual relationship between the patient and procedure at every phase of cancer treatment.
The cardiology PACS segment is poised to witness significant growth over the forecast period. Due to the increasing cardiology disease burden and cardiology PACS, it helps improve access to images, reduce costs, and improve service to patients and referring physicians.
Based on the end-user, the global mechanical ventilator market categorized into hospitals and clinics, ambulatory surgical centers, dental practices, imaging centers, diagnostic centers, clinical research institutions, and others. The hospitals and clinics are projected to expand at a higher CAGR from 2020 to 2027. It is attributed to the growing patient pool for the diagnosis and treatment of cancer and aging disease in specialty clinics & ASCs due to cost-effective treatments coupled with government focus on broader healthcare policies.
The ambulatory surgical centers accounted for the largest share of the ventilators market in 2019 on account of the adoption of specialized PACS tools for diagnostic imaging in chronic disease.
Based on geography, the global picture archiving and communication system market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to project considerable growth over 2020-2026. It is owing to the growing demand for early diagnosis, increasing prevalence of chronic diseases, high healthcare expenditure, well-developed technology, and the presence of leading players.
The Asia Pacific will capture a prominent share of the picture archiving and communication system market by 2027. Due to the increasing demand for diagnosis and development in the healthcare IT sector.
Companies such as Advanced Data Systems, Agfa-Gevaert N.V., Allscripts Healthcare Solutions, Inc., ALTA VISTA TELERADIOLOGY, Argus Radiology, Avreo, Inc., Brit Systems, Comarch SA, Cybernet Medical Corporation, FujiFilm Medical Systems, GE Healthcare, Global Diagnostics, INFINITT Healthcare, Konica Minolta Healthcare Americas Inc., McKesson Corporation, Inc., ONRAD, Inc., Pacshealth, LLC, PERFECT IMAGING, LLC, RamSoft, Inc., Radiology Imaging Solutions, Scimage, Inc., Sectra Imtec AB, Sectra Imtec AB, Siemens Healthineers, are the key players in the global picture archiving and communication system market.
By Delivery Mode
By Imaging Type
The Picture Archive and Communication System is a digital system that enables users to record and archive images.
Image acquisition devices, communication networks, PACS archives and servers, and integrated display workstations are the main components in picture archival and communication systems.
The rapidly growing aging population and the rising prevalence of chronic diseases are the growth drivers of the PACS market.
Development of enhanced product range, increasing R&D activities are the key trends in the PACS market.
The Global PACS market is growing at a CAGR of 6.3% during the forecast period.