Global Picture Archiving And Communication System (PACS) Market Is Anticipated To Witness High Growth Due To Growing Popularity Of Advanced Treatment Methods And Rising Healthcare Expenditure

 

Overview:

Picture Archiving and Communication System (PACS) is a computer system for medical imaging that provides secure and reliable access to images and reports. Most PACS handle X-rays, PET, ultrasound, mammograms, and endoscopy. In the conventional PACS model, a network gateway routes images from an external source. The images are then retrieved and displayed at the appropriate reviewing station. However, the image retrieval process can be inefficient. This is due to a number of drawbacks. One problem is that the process requires users to retrieve images manually. Another drawback is that the process involves retrieving a whole study rather than individual images. The present invention also includes an improved image routing method. It relies on a combination of a network gateway and a cached reviewing station. Images can be routed to a non-reviewing station, a reviewing station, or a reviewing station and a non-reviewing station.

Market Dynamics:

Growing research and developmental activities is estimated to augment growth of the global picture archiving and communication system (PACS) market during the forecast period. For instance, a collaborative team from Will Webster Foundation 3D Innovations Lab and Rady Hospital’s Helen created Media2DICOM software in September 2022. This new software allows in sharing 3D images in PACS. Moreover, increasing costs of installation is anticipated to restrain growth of the global picture archiving and communication system (PACS) market during the forecast period.

Impact of COVID-19:

 

COVID-19 had a significant impact on the healthcare sector during the pandemic. There was an increase in demand for medical devices, equipment, consumables, and skilled professionals globally. The healthcare sector was facing huge challenges while attending the large number of COVID-19 patients. However, during the pandemic there was a huge demand for picture archiving and communication system. As this technology offered easy access and storage for images from several modalities like X-ray,  nuclear medicine, ultrasound, computed tomography  and magnetic resonance imaging. This led to growth of the global Picture Archiving and Communication System (PACS) Market during the pandemic.

Key Takeaways:

The global picture archiving and communication system (PACS) market is expected to witness high growth, exhibiting CAGR of XX% over the forecast period, due to growing launch of new products by major players. For instance, Philips introduced new analytics solutions and cloud-enabled enterprise imaging informatics in March 2022.

North America is estimated to witness significant growth in the global picture archiving and communication system (PACS) market over the forecast period, owing to rising adoption of cloud based solutions and increasing use of medical imaging technologies.

Major players operating in the global picture archiving and communication system (PACS) market are PostDICOM, General Electric Company, IBM Corporation, Siemens Healthineers AG, Infinitt Healthcare Co. Ltd., Fujifilm Holding Corporation, Konica Minolta Healthcare Americas, Inc., VEPRO AG, INFINITT North America, Inc., UltraLinq, QUICKPACS, VEPRO AG, and Telemis S.A.