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Global Market Study on Picture Archiving and
Communication System (PACS): North America
Likely to Remain Dominant Regional Market
R e s e a r c h
Report Media Releases
Global PACS Market Revenue Expected to Register a
CAGR of 6.2% between 2016 and 2026, Owing to an
Increasing Demand for Cloud-based PACS
Persistence Market Research delivers in-depth research on the global PACS market in its latest
report titled “Global Market Study on Picture Archiving and Communication System
(PACS): North America Likely to Remain Dominant Regional Market?”. According to the
M a r k e t
report, the global PACS market is projected to expand at a healthy CAGR of 6.2% during the
forecast period in terms of revenue.
A PACS is a fully integrated system which is used for the data storage, distribution and analysis
of medical images by doctors or by any other medical officials. PACS is termed as a picture
archiving and communication system which is a combination of hardware, software, image
modalities, and archiving that is used for data or image capturing, storing, distributing and then
presenting these medical images. A picture archiving and communication system comprises of
four key components including the imaging modalities such as MRI and CT, a secure network to
transfer patient data, PACSs for interpreting and reviewing images, and long term and short term
P e r s i s t e n c e
archives to retrieve and store reports and images.
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Demand for cloud-based PACS which are increasingly used in wide range of healthcare endusers such as hospitals, diagnostic centers, imaging centers, clinics, and many others is
increasing significantly. PACS solutions are gaining traction due to an immediate reduction in the
cost of archiving and storage for the clinics, hospitals, or imaging centers. This is expected to
bolster the global PACS market. Recently, healthcare and hospitals providers are moving
towards an e cloud-based system due to low cost and flexibility in technology adoption as
compared to traditional PACS. Thus, increasing uses and applications of PACS are anticipated
to increase the revenue growth of the global PACS market during the forecast period.
However, declining penetration rate of PACS, its high installation and operating cost, complexity
of PACS technology and a lack of harmonization are the restraints hampering the growth of the
global PACS market.
Global Picture Archiving and Communication System (PACS) Market 2016-2026
R e s e a r c h
The global PACS market is segmented on the basis of deployment, components, business
mode, end-use, and region. By deployment, PACS market is segmented into web-based PACS,
cloud-based PACS and on-premise. Moreover, by components market is categorized into
imaging modalities, secured network, and workstation and archives. On the basis of business
mode, PACS market is fragmented into enterprise and departmental. Further PACS market endusers are hospitals, clinic imaging, dental practices, imaging centers, diagnostic centers,
research & academic institutes, ambulatory surgical centers, and others. Key regions covered in
the report are North America, Western Europe, Asia-Pacific excluding Japan, Eastern Europe,
Middle East & Africa, Latin America and Japan.
The report analyzes the global PACS market in terms of value (US$ Mn) by deployment,
M a r k e t
components, business mode, end-use, and region; and provides insightful information regarding
the value chain, market trends, competitive landscape, market dynamics and market estimations
and forecast.
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On the basis of regions, North America is estimated to be the largest market for PACS,
accounting for 31.1% value share of the global PACS market in 2016. The region continues to
dominate the market presently and is expected to continue to do so throughout the forecast
P e r s i s t e n c e
period. On the basis of deployment, cloud-based PACS segments are projected to exhibit CAGR
of 7.1%, respectively, in terms of market value during the forecast period. This is attributed to
increasing usage of PACS in wide range of end-user application.
The markets in APEJ, Western Europe, MEA and Latin America are anticipated to contribute
majorly to the global PACS market. The market in APEJ is expected to account for 18.4% share
in terms of value in the global PACS market and be valued at US$ 674.9 Mn by 2026 end. The
increasing demand for PACS from the hospitals, diagnostic centers, and Imaging centers in
Western Europe, especially in EU5 is expected to fuel revenue growth of the market in the
region. The market in Western Europe is estimated to be valued at US$ 790.7 Mn by 2026 end
and projected to register a CAGR of 6.0% during the forecast period.
Factors such as increasing demand for increasing use of diagnostic imaging, growing healthcare
IT adoption, and increasing adoption of cloud-based PACS is set to drive revenue growth of the
global PACS market.
Global Picture Archiving and Communication System (PACS) Market 2016-2026
(Philips Healthcare), Carestream Health, Agfa-Gevaert Group, FUJIFILM Medical Systems,
INFINITT Healthcare Co. Ltd., Siemens Healthineers, Merge Healthcare Solutions Inc. (an IBM
company), Sectra AB, and Mckesson Corp.
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P e r s i s t e n c e
M a r k e t
R e s e a r c h
Key market participants covered in this report include GE Healthcare, Koninklijke Philips N.V.-
Global Picture Archiving and Communication System (PACS) Market 2016-2026
R e s e a r c h
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Global Picture Archiving and Communication System (PACS) Market 2016-2026