Specialty PACS Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Specialty PACS Market is segmented by Type (Cardiovascular PACS, Orthopedic PACS, Oncology PACS, and Other Types), Component, Development, and Geography

Market Snapshot

Specialty PACS Market Size
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.87 %
Specialty PACS Market key players

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Market Overview

The specialty PACS market is anticipated to register a CAGR of 4.87%, over the forecast period.

  • The significant factors attributing to the studied market's growth is the growing use of visualization and opting for greater collaboration between IT structures and imaging modalities, and diverse medical fields that have been gradually appreciating the advantages of incorporating PACS in their practice. Communication, however, is essential to the simplicity of operation and device problems being minimized.
  • Additionally, the growing elderly population and successive growth in the occurrence of different diseases, the benefits affiliated with specialty PACS, government measures to boost the implementation of medical IT solutions, increased investment in diagnostic imaging, increased acceptance of medical imaging IT solutions, and increased use of imaging equipment may further boost the studied market's growth during the forecast period.

Scope of the Report

PACS is an electronic image management program for medical imaging. These consist of applications for viewing images, archiving services, databases, and frameworks, providing the user with one unified system. Basically, PACS are the devices for the automated processing of medical images.

By Type
Cardiovascular PACS
Orthopedic PACS
Oncology PACS
Ophthalmology PACS
Dermatology PACS
Other Types
By Component
Software
Services
Hardware
By Development
On-Premise Specialty PACS
Web/Cloud Based Specialty PACS
Bu End User
Hospitals
Diagnostic Centers
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Hospital segment is Expected to Hold the Largest Market Share in the Specialty PACS Market

The hospital segment retains a dominant share, owing to the increased patient population, and the hospitals provide full patient care services, beginning with the diagnosis and surgical interventions or continued nursing services. Several hospitals specialize in the diagnosis and care of different modalities, increased knowledge of the benefits of early detection of disease, technical advancements in imaging techniques, increased digitization of patient information, and continued growth in EMR adoption, which are some of the key factors that may drive the studied market's growth during the forecast period.

Specialty PACS Market trends

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to maintain its supremacy in the overall specialty PACS market, throughout the forecast period. This is due to the factors, such as the growing patient's pool, and rising geriatric population, among others. As per the United States Census Bureau 2017 Population Projections, by 2035, 78.0 million people may be over 65 years of age, rather than 76.7 million under 18 years of age in the United States. Furthermore, the rising prevalence of chronic diseases in the region, technological advancement in imaging modalities, early disease detection benefits, and the domicile presence of some of the key players in the region have been driving the market growth and are responsible for ensuring the dominance of the region.

Specialty PACS Market analysis

Competitive Landscape

The specialty PACS market is competitive and consists of a few major players. In terms of market share, some of the major players have been currently dominating the market. And some prominent players have been vigorously making collaborations, acquisition, and launching new products with the other companies to consolidate their market positions across the world. Some of the companies, which are currently dominating the market, are IBM Corporation, Agfa Healthcare, Fujifilm Holdings Corporation (Fujifilm Medical Systems), Siemens AG, and Philips Healthcare.

Recent Developments

 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Use of Imaging Devices

      2. 4.2.2 Growing Burden of Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Data Security and Privacy Issues

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Cardiovascular PACS

      2. 5.1.2 Orthopedic PACS

      3. 5.1.3 Oncology PACS

      4. 5.1.4 Ophthalmology PACS

      5. 5.1.5 Dermatology PACS

      6. 5.1.6 Other Types

    2. 5.2 By Component

      1. 5.2.1 Software

      2. 5.2.2 Services

      3. 5.2.3 Hardware

    3. 5.3 By Development

      1. 5.3.1 On-Premise Specialty PACS

      2. 5.3.2 Web/Cloud Based Specialty PACS

    4. 5.4 Bu End User

      1. 5.4.1 Hospitals

      2. 5.4.2 Diagnostic Centers

      3. 5.4.3 Other End Users

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle East & Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle East & Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Agfa Healthcare

      2. 6.1.2 Canon USA Inc.

      3. 6.1.3 Fujifilm Holdings Corporation (Fujifilm Medical Systems)

      4. 6.1.4 IBM Corporation

      5. 6.1.5 McKesson Corporation

      6. 6.1.6 Novarad

      7. 6.1.7 Philips Healthcare

      8. 6.1.8 Sectra AB

      9. 6.1.9 Siemens AG

      10. 6.1.10 Topcon Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Specialty PACS Market market is studied from 2018 - 2026.

The Specialty PACS Market is growing at a CAGR of 4.87% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

IBM Corporation, Agfa Healthcare , Siemens AG, Philips Healthcare, Fujifilm Holdings Corporation (Fujifilm Medical Systems) are the major companies operating in Specialty PACS Market.

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