DUBLIN–(BUSINESS WIRE)–The “Picture Archiving and Communication Systems (PACS) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Picture Archiving and Communication Systems (PACS) Market to Reach $2.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Picture Archiving and Communication Systems (PACS) estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027.
Mini PACS, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Enterprise PACS segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $545.3 Million, While China is Forecast to Grow at 4.4% CAGR
The Picture Archiving and Communication Systems (PACS) market in the U.S. is estimated at US$545.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$450.9 Million by the year 2027 trailing a CAGR of 4.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Mid End PACS Segment to Record 4.6% CAGR
In the global Mid End PACS segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$212.4 Million in the year 2020 will reach a projected size of US$291.7 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$292.7 Million by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Prelude
Recent Market Activity
Factors Driving the Growth of the Worldwide PACS Market
Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 86 Featured)
Agfa Healthcare NV
Aspyra LLC
BRIT Systems Inc.
Carestream Health Inc.
Cerner Corporation
DelftDI Healthcare IT
Fujifilm Medical Systems U.S.A. Inc.
GE Healthcare
INFINITT Healthcare Co. Ltd.
Intelerad Medical Systems Inc.
McKesson Corporation
Novarad Corporation
Philips Healthcare
Sectra AB
Siemens Healthineers
3. MARKET TRENDS & DRIVERS
Government Support Aids Growth of PACS Solutions
Ageing Population Drives PACS Market Growth
Technological Advancements Fuel Demand for Replacement Systems
Small Scale Healthcare Institutions to Sustain Growth in Developed Markets
High Costs Impact PACS Purchases
Radiology PACS Market Matures, Focus Shifts to Non-Radiology Departments
Need for Radiology and Cardiology PACS Unification Prevails
User Demand Favors Integrated RIS/PACS Solutions
RIS/PACS Integration Challenges
3D Capabilities Revolutionize PACS
Economic Crisis Accelerates Growth of Managed Service PACS Market
Various Phases and Delivery Models of Managed Service for PACS
PACS – Evolution, Issues and Innovations in Brief
Web-Developed PACS – The New Frontier in Evolution
Vendor Neutral Archiving Takes Over Storage Functionality of PACS
The Versatility of VNAs
VNA Addresses DICOM Issues with PACS
Cloud-Based PACS – the Next Phase in the Evolution of PACS
Benefits offered by Cloud-Based PACS
Mobile PACS Overcomes Roadblocks and Gains Traction
Benefits of Mobile PACS
Third-party Middleware Offerings to Make Inroads into Enterprise PACS Market
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Picture Archiving and Communication Systems (PACS) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Picture Archiving and Communication Systems (PACS) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Picture Archiving and Communication Systems (PACS) by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
World 15-Year Perspective for Mini PACS by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World 15-Year Perspective for Enterprise PACS by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World 15-Year Perspective for Mid End PACS by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World 15-Year Perspective for Cloud by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World 15-Year Perspective for Web by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World 15-Year Perspective for On-Premise by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 86
For more information about this report visit https://www.researchandmarkets.com/r/nghtuk