News | PACS | March 03, 2017

Government Initiatives to Boost the Global PACS Market Through 2021

Technavio report cites cloud-based applications, teleradiology as trends driving increased PACS adoption

Technavio report, global PACS market, through 2021

Image courtesy of Technavio

March 3, 2017 — According to the latest market study released by Technavio, the global picture archiving and communication system (PACS) market is expected to grow at a compound annual growth rate (CAGR) of close to 6 percent through 2021.

This research report titled ‘Global Picture Archiving and Communication System (PACS) Market’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

The market research analysis categorizes the global PACS market into three major product segments. They are:

  • Global mini PACS market;
  • Global mid-end PACS; and
  • Global enterprise PACS market.

Global mini PACS market

The global mini PACS market is expected to grow at a steady pace due to the increase in adoption rate. In most developed countries, small hospitals are being acquired by large medical facilities. These small hospitals have limited infrastructure and investment in PACS helps in their development as reference laboratories. The rise in adoption of mini PACS in emerging markets is due to the rise in the number of small hospitals and government initiatives moving toward centralized healthcare IT systems.

According to Srinivas Sashidhar, a lead analyst at Technavio for medical imaging research, “The Americas has recorded increased installations of mini PACS in the recent years. However, it is expected that during the forecast period APAC [Asia-Pacific] would lead the global mini PACS market. Cost reduction by vendors would increase the affordability of these PACS in the emerging markets of APAC and EMEA [Europe, the Middle East and Africa].”

Global mid-end PACS

The global mid-end PACS market is expected to grow at a rapid pace, due to an increase in adoption rate and growing demand for integrated teleradiology network. The improvement in the healthcare information technology (IT) sector has triggered the installation of integrated systems. Mid-end PACS helps in connecting multi-modality departments and small hospitals, which helps in the enhancement of patient care. Hospitals with 250-500 beds and department-specific diagnostic centers are the primary end-users of mid-end PACS. These medical facilities have a sound infrastructure with moderate patient inflow in both emerging and developed markets.

Global enterprise PACS market

The global enterprise PACS market is expected to grow at a steady pace due to a moderate rise in adoption rate. The change in the healthcare IT sector triggers the installation of integrated systems. PACS radiology helps in connecting multi-modality departments and hospitals, which, in turn, helps in the enhancement of patient care. The adoption rate is expected to increase during the forecast period with the reduction in cost by vendors.

“Cloud-based applications are beneficial in collating medical imaging data in enterprise PACS. These PACS help in connecting one medical facility to another. The huge inflow of data is controlled by these PACS, allowing data sharing and management,” said Srinivas.

The top vendors highlighted by Technavio’s healthcare and life sciences market research analysts in this report are:

  • GE Healthcare;
  • Philips;
  • Agfa-Gevaert;
  • McKesson; and
  • Fujifilm.

For more information:

Related Content

Intelerad Launches Nuage Patient Portal
Technology | Patient Engagement | October 15, 2018
Intelerad Medical Systems announced the launch of nuage Patient Portal, a cloud-based patient portal solution. The zero...
Cullman Regional Medical Center

Cullman Regional Medical Center (Alabama) is a 145-bed medical center serving more than 175,000 residents in a six-county area and recognized as one of the region’s finest medical facilities.

Sponsored Content | Case Study | PACS | October 05, 2018
When Cullman Regional Medical Center in Alabama decided to switch from 2-D
Agfa Introducing New MUSICA Workstation at RSNA 2018
News | PACS Accessories | October 04, 2018
At the 2018 Radiological Society of North America (RSNA) annual meeting, Nov. 26-30 in Chicago, Agfa HealthCare will...
Enterprise imaging has been a hot topic in radiology and healthcare information technology (IT) circles for the last several years as medical image acquisition has moved beyond the exclusive purview of radiology.
Feature | Enterprise Imaging | October 03, 2018 | By Jeff Zagoudis
Enterprise imaging has been a hot topic in radiology and healthcare information technology (IT) circles for the last...
Intelerad Medical Systems Appoints New President and CEO
News | Enterprise Imaging | September 25, 2018
September 25, 2018 — Intelerad Medical Systems announced that following the retirement of Randall Oka, its board of d
Laurel Bridge Enables Healthcare Providers to Manage Image Archive Migrations and Consolidations
News | Enterprise Imaging | September 25, 2018
September 25, 2018 — Laurel Bridge Software announced improvements to their Exodus Migration and Consolidation Contro
DocPanel is a community of US-based academic level subspecialty radiologists
News | Enterprise Imaging | September 12, 2018
Client Outlook, a leading provider of FDA Class II enterprise diagnostic and clinical image viewing solutions,...
Sponsored Content | Case Study | Information Technology | September 07, 2018
One of the Northeast’s major teaching hospitals is an international leader in virtually every area of medicine. It has...
Mount Sinai Serves as Official Medical Services Provider for 2018 U.S. Open
News | Orthopedic Imaging | September 06, 2018
For the sixth consecutive year, Mount Sinai will serve as the official medical services provider for the 2018 U.S. Open...